1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Yuri [45]
3 years ago
14

Consider a bp gas station. as a result of an economic recession and decreases in consumer incomes, there will be a:

Business
1 answer:
Alina [70]3 years ago
4 0
<span>During an economic recession when the income of consumers has decreased, the BP station (an all gas stations) will see a leftward shift in the demand curve. This will result in gas stations having to lower their prices. If they don't lower their prices, they will have a glut of gasoline that they can't sell.</span>
You might be interested in
Which type of inflation occurs when prices are high, then drop due to lower demand, and then are restored to a previous high lev
natta225 [31]

Answer:

Reflation

Explanation:

8 0
3 years ago
Plz sum one help me bc im in a argument with my friend and i don't know what to say any more
katen-ka-za [31]

ok whts the fight abt? how long have yall been fighting?

i gotchu

7 0
3 years ago
Read 2 more answers
How to find expiry date for a plane ticket?
kow [346]
You can ask a person who works for the company of your plane ticket and ask if it's expired.


5 0
3 years ago
Consider a profit-maximizing firm in a competitive industry. Under which of the following situations would the firm choose to pr
Mandarinka [93]

Answer:

Option (a) and (b) are considered or correct.

Explanation:

Under the following two conditions, a firm in a perfectly competitive market produces at a point where the marginal revenue is equal to the marginal cost:

(i) Minimum AVC < Price < minimum ATC : Yes

In this case, a firm may suffer a loss but it will be able to cover its minimum average variable cost. Hence, this firm continue operating in this market and if he shut down its operation then he may suffer a larger loss. Therefore, it chooses to continue operating under this market conditions.

(ii) Price > minimum ATC : Yes

In this case, the price received by the seller is greater than the minimum average total cost. Therefore, the firm is able to cover all of its cost of production and earning an economic profit. Hence, it obviously chooses to continue its operation.

The third option is not considered here because in this case, the firm won't be able to cover its variable cost.

3 0
3 years ago
Walmart has developed a sophisticated inventory management and cost control system that allows rapid price changes for each prod
finlep [7]

Answer:

A. Radio Frequency Identification

Explanation:

The use of radio frequency identification is to ensure a timely identification of people or objects.

The technology uses radio waves to identify people or objects. There is a device that will be used to read information contained in a wireless device or tags from a distance without making physical contact or requiring a line of sight.

6 0
3 years ago
Other questions:
  • The price of cigars is $10, with a quantity demanded of 1,000 per day. If the price increases to $12, the quantity demanded decl
    12·1 answer
  • The CFO of Edward's Food Distributors is continually receiving capital funding requests from its division managers. These reques
    14·1 answer
  • In which category do commodities belong?
    7·2 answers
  • The reserve maintenance fund consists of: A monies to pay for extraordinary maintenance or replacement costs B monies to pay for
    6·1 answer
  • Travis International has a one-time expense of $1.13 million that must be paid two years from today. The firm can earn 4.3 perce
    5·1 answer
  • As a finance manager at AllSports Communication, Charlie worries about the firm's borrowing requirements for the upcoming year.
    14·1 answer
  • Your uncle in announces at a family gathering that he is thinking of becoming a day trader. What might you ask him to help him a
    11·1 answer
  • In the _____ stage of the advertising development process, Fallon account managers and clients must set the campaign budget. Cam
    5·1 answer
  • In the 2,500-year-old text the art of war, chinese general sun tzu argues that _____________ and ___________ are key components
    12·1 answer
  • a human resource professional comes up with a new way to recruit candidates for international positions that will result in more
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!