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
Helga [31]
3 years ago
11

explain how the price consumers pay for a good is influenced by the price of the resources that go into making it

Business
1 answer:
Reika [66]3 years ago
4 0

Answer:

Here's an example

I sell bead bracelets for $5.00. The chord I use to make them is $2.50 for 5 feet. Each bracelet needs 1/4 of a foot of chord. That is $0.13 worth of chord per bracelet. The beads I use are 30 beads for $1.00. I use 5 beads in each bracelet. That is $0.17 worth of beads per bracelet. The total price of the materials per bracelet is 30 cents. Let's say It takes me 10 minutes to make a single bracelet. If I sell the bracelet at 30 cents, I would no have made a profit and would instead lose 10 minutes of my time. If I sell it for anything less, I would be losing money and time. If I want to make a profit, I need to add the money I want to make plus the cost of resources. Therefore, if I want to make a profit of $4.70, I must sell the bracelets for $5.00.

You might be interested in
Compare two countries, one that has unlimited employment insurance and one in which workers are eligible for 26 weeks of employm
Scorpion4ik [409]

Answer:

c) workers in the country with unlimited unemployment benefits have less incentive to search diligently for work.

Explanation:

In the country with unlimited unemployment benefits, many unemployed people will stop looking for a job because they can live off the benefits.

They will only look for a job if the wage they would earn is likely to be higher than the amount of money they get from benefits. In other words, they will only do so if the marginal cost of looking for a job (losing the benefits) is less than the marginal benefit (the wage earned in the found job).

This event causes a higher equilibrium unemployment rate because it increases a specific type of unemployment that prevents the economy from reaching full-employment (it increases frictional unemployment).

3 0
3 years ago
Assume that the risk-free rate is 6% and the market risk premium is 5%. Given this information, which of the following statement
lana [24]

Answer:

d. An index fund with beta = 1.0 should have a required return of 11%.

Explanation:

required rate of return for a market indexed portfolio = 6% + (1 x 5%) = 11%

If the required rate of return is less than 11%, the beta is lower than 1.

If the required rate of return is more than 11%, the beta is larger than 1.

If beta doubles, then the required rate of return = 6% x (2 x 5%) = 16%

3 0
3 years ago
The Green Grape Company's Office Supplies account had a beginning balance of $12,000. During the month, purchases of office supp
ella [17]

Answer:

Dr Office supplies expense $15,000

Cr Office supplies $15,000

Explanation:

Given the above information, we can compute the proper adjusting entry as;

= ( Transfer $12,000 + $8,000 - $5,000)

= $15,000 from office supplies expense

Therefore, the proper adjusting entry is;

Dr Office supplies expense $15,000

Cr Office supply $15,000

7 0
4 years ago
______ costs are administrative costs related to determining an order quantity, preparing purchase invoices, inspecting goods re
Rus_ich [418]

Answer: Ordering

Explanation:

Ordering cost tends to look at the cost required to order a particular item, from the initiation of the process till it's being inspected on it's arrival till it's moved to the store room. The first aspect is making enquires for the item, this us followed by bidding for the item, purchasing it, inspection and delivering to it's temporary location.

4 0
3 years ago
When all employees are exceedingly clear about what is expected from them, guidelines for task completion are clear and understo
dalvyx [7]

Answer:

The correct answer is letter "D": autocratic.

Explanation:

Autocratic leadership is characterized by having the leader explain exactly the parameters of how things must be done within an organization, set what objectives the group mus reach, and control every activity without significant influence of the subordinates. Autocratic leaders hardly ever take the subordinates' advice.

7 0
4 years ago
Other questions:
  • On January 1, 2016, Martini, Inc. acquired a machine for $1,030,000. The estimated useful life of the asset is five years. Resid
    13·1 answer
  • A home mortgage is considered a secured loan because it is backed by __________.
    8·1 answer
  • Credit sales are recorded as: Multiple Choice Debit Accounts Receivable, credit Service Revenue. Debit Cash, credit Deferred Rev
    13·1 answer
  • The following events took place at a manufacturing company for the current year:
    5·1 answer
  • Suppose you have $10,000 to invest. A broker phones you with some information you requested on certain junk bonds. If the compan
    14·1 answer
  • Suppose that business travelers and vacationers have the following demand for airline
    13·1 answer
  • Jeff, a 52% owner of an S corporation, has a stock basis of zero at the beginning of the year. Jeff's basis in a $10,000 loan ma
    5·1 answer
  • Bob bought some land costing $16,390. today, that same land is valued at $46,817. How long has bob owned this land if the price
    12·1 answer
  • Jasper makes a $92,000, 90-day, 7ash loan to clayborn co. jasper's entry to record the transaction should be:______.
    11·1 answer
  • Cross-functional coordination is at particular risk where:______
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!