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
Diano4ka-milaya [45]
3 years ago
12

How is the market price for a product determined?

Business
1 answer:
Setler [38]3 years ago
8 0
The market price of an asset is determined by the forces of supply and demand; the price at which quantity supplied equals quantity demanded is the markets price.
You might be interested in
Yocum Company purchased equipment on January 1 at a list price of $120,000 and received a $2,400 cash discount. Yocum paid $6,00
egoroff_w [7]

Answer:

The correct answer is $129,360.

Explanation:

According to the scenario, the given data are as follows:

List price of equipment = $120,000

Cash discount = $2,400

sales tax = $6,000

Installation charges = $1,760

concrete slab = $4,000

So, we can calculate the total cost by using following formula:

Total cost = $120,000 - $2,400 + $6,000 +$1,760 + $4,000

= $129,360

8 0
3 years ago
Frida makes bread every day and due to demand she is thinking of increasing her bread production. In order to make this decision
astra-53 [7]

Answer: b. MB > MC or until they are equal.

Explanation:

It is best that Frieda produces bread at the level where Marginal benefits exceeds marginal costs. The difference will keep giving her more profit.

She should keep increasing her production so long as the Marginal benefit exceeds marginal cost but should stop at the level where the Marginal benefit and marginal cost become equal because producing past this point would mean that she would incur a marginal loss on each unit.

7 0
3 years ago
Hines Cosmetic Co. sold beauty preparations nationally to beauty shops at a standard or fixed- price schedule. Some of the shops
babymother [125]

Answer:  No,the company is not guilty.

Explanation:  In the given case, Hines could not be considered guilty of price discrimination as the price charged from different shops was same. The free samples were distributed for the purpose of campaign and the discretion to which shop they want to provide lies completely with the company.

Price discrimination refers to the practice of charging different prices from different customer which the company have definitely not done.

Hence, Hines could not be charged of guilty of price discrimination.

6 0
3 years ago
common lit capataliasmn-Which phrase best describes the relarionship between workers and bussiness owners in capatalists cociety
vesna_86 [32]

Answer:

In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.In order for the government to be able to help with a problem, the problem must be brought to the proper of government and the proper.

Explanation:

5 0
3 years ago
In the context of opportunity identification and selection, DuPont's discovery of Surlyn, a material with hundreds of potential
oksian1 [2.3K]

Answer: The correct answer is "B. A new resource".

Explanation: The discovery of Surlyn de DuPont, being a new material with multiple potential uses, which could be applied to the manufacture of many products would clearly fall under the category "a new resource".

5 0
3 years ago
Read 2 more answers
Other questions:
  • As specialization increases in an economy, businesses tend to experience: a.) an increase in self sufficiency due to businesses
    14·2 answers
  • When a product has gained a certain level of brand awareness, firms use __________ advertising to motivate consumers to want to
    9·1 answer
  • How does specialization affect voluntary exchange between countries?
    5·1 answer
  • Calculate how much each of the following items is worth in terms of today's dollars using 180 as the price index for today.
    12·1 answer
  • Gabby is an aspiring country artist. She has a record contract that pays her a base rate of $200 a month and an additional $12 f
    15·1 answer
  • After 9/11, the demand for air travel fell substantially, bringing the airline industry to its knees. Congress wanted to compens
    5·1 answer
  • The CEO of a business firm wants to increase the productivity of the employees while minimizing the labor costs incurred by the
    6·1 answer
  • Which action can hurt your credit score? I. Paying your phone bill late. II. Taking the bus to work. III. Maxing out several cre
    6·2 answers
  • Five firms exist in the Liagiba industry. Their respective market shares are 35, 25, 15, 15, and 10 percent. Five firms exist in
    13·1 answer
  • Question 5 of 10
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!