Answer:
The correct answer is d.The consumer does not consider the prices of the products.
Explanation:
The concept is simple. The law of supply says that the entrepreneur is willing to produce more if he can sell more, because his personal ambition for profitability leads him to this point. The law of demand says that the buyer is willing to buy at the price that he considers “fair”, and the lower it is, the more demand he will have, not only for the issue of the sense of balance between cost and benefit, but for the same income distribution: there are more people with less income.
Answer: is a seller that has the ability to control to some degree the price of the product it sells.
Explanation:
A price maker is a firm with the ability to influence the market price of its goods or services.
Features of a price makers
1. They are usually monopolies
2. They have a downward-sloping demand curve
3 The goods they produce do not have perfect substitutes,
Answer:
city A = 3 members in the committee
city B = members in the committee
city C = 4 members in the committee
Explanation:
City A: 18,000 people
City B: 21,000 people
<u>City C: 22,000 people</u>
total 61,000 people
A seat in the committee will be assigned for every 6,100 people
city A = 18,000 / 6,100 = 2.95 ⇒ city A will get 2 + 1 = 3 members in the committee
city B = 21,000 / 6,100 = 3.44 ⇒ city B will get 3 + 0 = 3 members in the committee
city C = 22,000 / 6,100 = 3.61 ⇒ city A will get 3 + 1 = 4 members in the committee
2 + 3 + 3 = 8, there were 2 remaining committee members that should be divided using the size of the remainders: 0.95 > 0.61 > 0.44
Answer:
A.Given this set of daily service operations, and assuming a processing order of A-B-C-D-E: Service Operation Number of Daily Reps A 32 B 24 C 32 D 28 E 12 a. Give one reason that each arrangement might be preferred over the other. b. Determine the number of repetitions for
B.
Step-1: Calculate the units to be processed in one cycle by dividing the daily requirement with number of cycles
Step-2: Assign units per cycle to each cycle
Step-3: Adjust it to accommodate the fractions
C.
Step-1: Calculate the units to be processed in one cycle by dividing the daily requirement with number of cycles,
Step-2: Assign units per cycle to each cycle
The repetitions for each service if two cycles
Explanation: tables in attached file are for questions B and C respectively
Answer:
D. Each nation should produce those goods that it can produce more efficiently and effectively than other nations, and buy the goods it cannot produce efficiently from other nations
Explanation:
A country has comparative advantage in production if it produces at a lower opportunity cost ( has greater efficiency in production) when compared with other countries.
I hope my answer helps you
