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mote1985 [20]
3 years ago
15

Elaine was known for being especially frugal. In fact, it was not out of the question for her to commute nearly 45 minutes just

to save a few dollars on a packet of cigarettes. Elaine perceived price as _______ for a good or service, while most consumers recognize price as the _______ made to acquire a good or service.
Business
1 answer:
Fed [463]3 years ago
8 0

Answer:

The money paid; overall sacrifice

Explanation:

Price: It refers to the amount of money paid to acquire a specific quantity of goods and services. It is also a measure of value.

Price to some consumer is the overall sacrifice made to acquire a product. It is the money paid in exchange for a Commodity.

Prices can be affected by demand or supply of goods.

If the demand for a product is higher than its supply, then price of the product will increase.

If the supply of a product is higher than its demand, then price of the product will fall.

Demand is the amount of goods and individual is willing to buy at a particular price over a period of time. Consumers tend to maximize utility by buying more quantity of a product at a lower price.

Supply is the amount of goods and services a producer is willing to sell at a particular price over a given period.

Producers tend to maximize Profit by selling more quantity of goods at a higher price.

Price is the major determinant of how much to demand and how much to supply at a point in time.

Elaine was known for being especially frugal. In fact, it was not out of the question for her to commute nearly 45 minutes just to save a few dollars on a packet of cigarettes. Elaine perceived price as the money paid for a good or service, while most consumers recognize price as the overall sacrifices made to acquire a good or service.

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beks73 [17]
The answer is 5 hope I helped u
7 0
3 years ago
a process cost system, the cost of completed production in Department A is transferred to Department B by which of the following
oee [108]

Answer:

C. Debit Work in Process—Dept. B; credit Finished Goods—Dept. A

Explanation:

It is known that during continuous production, businesses find it difficult to isolate each individual unit and calculate a cost. Process costing systems accumulate the materials, labor and overhead costs for the period along with the total number of units produced. The total number of units produced includes both completed units and partially completed units. The company determines the percentage of completion for each partially completed unit and adds these amounts to the total number of completed units to determine the equivalent units.

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3 years ago
Continuing the analysis of Ginnie's Gym Refreshment Bar:
Irina18 [472]

The bundle that is going to maximize profit is going to be Late

<h3>How to find the bundle that would maximize profit</h3>

we have the net profit from early to be 7 + 5 = 12

We have the net profit from late to 6 + 10 = 16

We can see that the value for late is greater at 16 compared to that of the early.

Hence we can say that late has the greatest profit.

Next we have to solve for the profit that is made. This is the net profit.

The solution is given as 16 - 12 = 4

<h3>What is profit maximization</h3>

This is the process where by businesses would try to get the best output possible from the given inputs that they would use in the business. It goal is to be able to maximize the returns that they would make.

Read more on profit maximization here:

brainly.com/question/13464288

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2 years ago
The knowledge that employees can typically learn only through experience is called:
SpyIntel [72]
The knowledge that employees can typically learn only through experience is called Tacit knowledge. Unlike Explicit knowledge, Tacit knowledge is not easily communicated Often very difficult to explain how/why you have this knowledge.Explicit knowledge is relatively easily communicated knowledge; the kind of information you are likely to think about when you picture someone sitting down at a desk to learn. 
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Which of these household purchases will be counted as part of consumption in a country’s gross domestic product?(pick more then
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I think it's a "newly constructed home"

I hope it helped you!
6 0
2 years ago
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