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3 years ago

how does money solve the problem of double coincidence of wants? explain with an example of your own.

Business

1 answer:

slega [8]3 years ago

4 0

Answer:

Money is a medium of exchange and satisfaction of needs.

Explanation:

for instance:- if you want to eat ice cream ( which is your want). You give money to shopkeeper who sell money ( his want is money). You give him money in exchange of ice cream . In this way , double wants are satisfied.

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Nathan wants to buy a sweatshirt and is trying to determine the better buy. He has a 3030% coupon for the in-store purchase. T

slava [35]

Answer:

It is better online, for 1.1 dollars

Explanation:

Do you understand all the words used in stating the problem?

Yes.

What are you asked to find or show?

The differnece in price bewtween the store T-shirt and the On-line T-shirt

Can you restate the problem in your own words?

Nathan can purchase a Tshirt by $38 with 30% discount or $34 with 25% discount. Which is the cheapest option?

Is there enough information to enable you to find a solution?

Yes, we have the list price for both T-shirt and the discount on each one.

Devise a plan:

Use a formula

list price less discount = net cost

We will calculate the net cost for the T-shirt

in-store purchase scenario

$38 - 30% coupon = 26.6 dollars

on-line purchase scenario

$34 - 25% off = 25,5‬ dollars

The difference will be:

$26.6 - $25.5 = 1.1 dollar in favor of the online purchase

4 0

3 years ago

Toothpaste manufacturers understand that consumers have different needs when it comes to toothpaste (i.e., teeth whitening, sens

Nataly [62]

Answer:

market segmentation

Explanation:

Market segmentation -

It is the marketing strategy , where the market is bifurcated into different segments , according to the needs of the consumers , is referred to as market segmentation .

The needs and taste of the consumers are considered , for a particular segment , and is incorporated into the goods and services .

Hence , from the given scenario of the question ,

The correct term is market segmentation .

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4 years ago

Sue bought a copy of her credit report, and found incorrect information in it. she can:________

Helen [10]

Sue bought a copy of her credit report and found incorrect information in it. she can request that the credit bureau correct her credit report

A credit report is a statement that provides information about your credit activity and current credit situation, such as: B. Loan payment history and credit account status. Sep 1, 2020

Loan repayments, available credit, monthly debt amounts, and other types of information help prospective lenders determine whether credit risk is high or low.

credit report is a record of a borrower's responsible debt repayment. A credit report is a record of a borrower's credit history from various sources such as banks, credit card companies, collection agencies, and governments.

Learn more about credit reports here: brainly.com/question/9913263

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8 0

1 year ago

Borrowers choosing an adjustable-rate mortgage

Leviafan [203]

Answer:

okok

Explanation:

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3 years ago

How would you feel if someone you love and care about was thinking about joining the army. I am thinking about doing it and I am

adell [148]

I would say if thats what you want to do go for it because the people that love you should want nothing more than for you to be happy.

8 0

3 years ago

Read 2 more answers

how does money solve the problem of double coincidence of wants? explain with an example of your own.​

how does money solve the problem of double coincidence of wants? explain with an example of your own.