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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.

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Electronic payments can be made using the routing and account number and are processed at banks like regular checks.
Yuri [45]
The answer is True.
Yeah that's the answer
8 0
3 years ago
"GDP is an imperfect measure of economic​ well-being because it fails to measure what types of​ production?"
almond37 [142]

Answer:

GDP is an imperfect measure of Economic well being because of : Production of  - Non Monetary Exchange goods , Positive & Negative Externalities goods, Negative Impact goods.

Explanation:

GDP is the total value of goods & services produced by an economy during a period of time.

Although reflecting flow of goods & services in an economy, GDP is still not a perfect measure of well being because :

  • Non Monetary Exchange Goods : Services of family members (housewives), leisure production (eg painting) are non monetary.
  • Positive & Negative Externalities Goods: Benefit or harm to un-involved party, without any monetary exchange. Eg - Education, Pollution.
  • Negative Impact Goods : Goods consumption leading to well being loss rather than well being gain. Eg- Addiction (Alcohol / Smoking).

All these goods change well being : Non Monetary Exchange Goods increase well being , Positive Externalities increase welfare , Negative Externalities decrease welfare , Negative Impact goods decrease welfare.

But, these are still not included in GDP evaluation. So, all these make GDP an imperfect measure of well being.

8 0
3 years ago
When crafting a business message with strong reasoning, it is important to back claims with Multiple choice question. broad gene
Dima020 [189]

Answer:

supporting facts

Explanation:

A business message with strong reasoning has as main objectives to convince a consumer to close a deal or an employee to perform certain tasks for example, the objective is always to support an idea and positively impact and convince the public of something.

Therefore, the most suitable option for a business message with strong reasoning is to use supporting facts, as the recipient of the message will feel much more transparency and security when believing in your message if it is supported by concrete facts that support it, and this can be a strong argument to strengthen and reaffirm your idea so that it is more convincing and supported.

8 0
3 years ago
Rachel's Recordings reported net income of $270,000. Beginning balances in Accounts Receivable and Accounts Payable were $17,000
Cloud [144]

Answer:

Cash flow from operating activities 284,500

Explanation:

net income                                    270,000

change in AR

17,000- 9,500  =           7,500(A)

change in AP

28,000 - 21,000 =        7.,000(B)

total change in working capital        14,500

Cash flow from operating activities 284,500

(A)

The account receivable decrease over time this means the account were collected, whch increase cash

(B)

The account payable increase, which means the company receive cash or delay the payment of cash for this period of time. Therefore, the cash increase.

3 0
3 years ago
In many large U.S. cities, taxicab companies operate as near monopolies because of_____.
Naya [18.7K]

Answer: Option (b) is correct.

Explanation:

Correct Option: Licenses

In United States, there is a licensing system which prohibits the number of taxicabs allowed. So, there are less number of taxicabs companies operates in most of the united states cities.

There is a advantage for the taxicabs companies for using the monopoly power.

Whereas, some of the cities of U.S use 'taxi medallions" as the permits for picking up the passengers.

4 0
3 years ago
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