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
Vlad1618 [11]
4 years ago
11

Willingness to pay

Business
1 answer:
alex41 [277]4 years ago
4 0

Answer:

The correct answer is option a.

Explanation:

The willingness to pay for a product can be defined as the maximum amount an individual is willing to procure or obtain a product. The price of a product lies between a consumer's willingness to pay and a seller's willingness to accept.  

The willingness to accept is the minimum amount a seller is willing to accept to let go of a product. Willingness to pay indicates how valuable good is for the buyer.

You might be interested in
You're a partner at O'Leary, Ford, and Bradley Legal Services, and one of your responsibilities is to get new business for your
elixir [45]

Answer:

do your ownwork aha

Explanation:

6 0
3 years ago
A race car travels northward on a straight, level track at a constant speed travels 0.754 km in 25.0 s. The return trip over the
Vikentia [17]

Answer:

27.42 m/s

Explanation:

Data provided in the question:

Distance traveled on a straight track = 0.754 km

Time taken to cover while going = 25.0 s

Time taken for the return = 30.0 s

Now,

Total distance covered = 2 × 0.754

= 1.508 Km

= 1508 m

Total time taken = 25 + 30 = 55 s

Therefore,

The average velocity of the car = Total distance ÷ Total time

= 1508 ÷ 55

= 27.42 m/s

6 0
3 years ago
Josiah Warren's utopian societies included stores where goods were exchanged according to the amount of work a person completed.
emmasim [6.3K]

Answer:

A) True

The statement is true.

6 0
4 years ago
Need help with # 10 please
Svetlanka [38]

Answer:

It would be both.

Explanation:

The income effect is the effect on real income when price changes - it can be positive and negative. As price falls, and assuming nominal income is constant, the same nominal income can buy more of the good - hence demand for this (and other goods) is likely to rise.

The substitution effect is the economic understanding that as prices rise — or income decreases — consumers will replace more expensive items with less costly alternatives.

6 0
4 years ago
Clomien Corp., a law firm, needs frequent interpretation of its stored data for cross-references and formulation of decisions. I
AURORKA [14]

Answer:

Business Intelligence system.

Explanation:

Based on the information provided within the question it can be said that Clomien Corp. uses a Business Intelligence system. This is a system that contains historical and current views regarding business operations, and like mentioned in the question it can provide predictive views by discovering subtle and complex relationships within its data.

6 0
3 years ago
Other questions:
  • If the price of a pack of post it notes increases from $2.00 to $2.80 and as a result quantity demanded falls from 160 to 80 uni
    6·1 answer
  • Bedrock Company reported a December 31 ending inventory balance of $414,000. The following additional information is also availa
    8·1 answer
  • When supply goes down and/or consumer demand goes up, what usually happens to the price?
    11·2 answers
  • A Excite Enterprises, a corporation of amusement parks, uses an accounting firm to handle the payroll and tax functions for the
    12·1 answer
  • Kasar Co. has net income, before taxes, of $335,000, including $35,000 in interest revenue from municipal bonds and $12,000 paid
    10·1 answer
  • A registered representative has written discretionary authorization from a customer. Specific customer approval is needed for th
    8·1 answer
  • Ok, break it down for me boss<br> How do you create a budget. And how do you manage it.
    5·2 answers
  • Three years ago, you invested $3,350.00. Today, it is worth $4,100.00. What rate of interest did you earn
    15·1 answer
  • Kallapur company manufactures two products: kap1, which sells for $120; and quin, which sells for $220. estimated cost and produ
    13·1 answer
  • Which organization does not provide free or loss cost training and counseling associated with the Small Business Association
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!