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3 years ago

In capitalism, what does competition do for consumers?

Business

1 answer:

borishaifa [10]3 years ago

7 0

It keeps prices fair for consumers who are trying to buy there products.

- R3KTFORGOOD ☕

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Interests are the specific items or terms you actually negotiate and are generally the first thing that we think of when we anti

fomenos

Interests are the specific items or terms you actually negotiate and are generally the first thing that we think of when we anticipate negotiating - False

<h3><u>Explanation:</u></h3>

Interest refers to the things that we actually like to get. When we list an item in our interest list we will get that item without any negotiation. Items that are in our interest list are those that we use regularly and there will be no second item for its displacement. We will get these items even when the cost of the item is more.

When the things that are not in the list of our interest we will start negotiation. This is because these items are not mandatory for us and even when the price of the particular item is not reduced we will ignore and buy something instead of it. Thus, the specific items of our interest will not the first thing we anticipate for negotiation process.

4 0

4 years ago

The country of Cedarland does not trade with any other country. Its GDP is $17 billion. Its government purchases $5 billion wort

iren2701 [21]

Answer:

Consumption expenditure in Cedarland is $6 billion.

Investment in Cedarland is $6 billion.

Explanation:

The GDP is $17 billion.

The government purchases are equal to $5 billion.

The tax revenue to the government is $6 billion.

Private saving is equal to $5 billion.

The government saving is equal to

= Tax revenue - Government spending

= $6 billion - $5 billion

= $1 billion

The national saving is equal to

= Private saving + Government saving

= $5 billion + $1 billion

= $6 billion

In a closed economy, investment expenditure is equal to national savings.

So investment in Cedarland is $6 billion.

In a closed economy the GDP is C + I + G

$17 billion = C + I + G

$17 billion = C + $6 billion + $5 billion

C = $17 billion - $11 billion

C = $6 billion

Consumption expenditure in Cedarland is $6 billion.

8 0

3 years ago

A computer assembly firm purchases computer parts at $230 per computer. The

zysi [14]

Answer:

Maybe 60%

Explanation:

8 0

3 years ago

When a consumer is being engaged with an immersive multimedia experience, the consumer is enjoying the _________ feature of e

kodGreya [7K]

Answer:

richness

Explanation:

Immersive multimedia is considered as a new way of looking at the information. It helps to create an environment where users can experience indirect and direct views which are created by computer software’s, graphics and sound. The experience of customers increases when immersive multimedia techniques are used and likewise, it helps to understand and experience complete features of e-commerce

3 0

3 years ago

There are two polluting firms in an industry. Each firm is initially generating 200 tons of pollution each year. Each faces the

11Alexandr11 [23.1K]

Answer:

Permits will be the best option

Explanation:

Assuming the cost per ton of polution reduction follows a linear progression and it can reach zero

<u>The best option will be the permits:</u>

As Firm B will eliminate their polution and sale his permis to Firm A

That occur as Firm B is more efficient in doing this will sale to Firm A

In the end Firm A will have all the permits and continue to produce 200 tons

but Firm B will produce none achieving the goal of 50% reduction with the least economic impact.

This is a market solution which little intervention from the Gvernment

Cost to eliminate 200 polution with permits:

200 x $10 = 2,000

If we force each company to reduce pollution Firm A higher cost will create deadweight-loss

100 x $20 = 2,000

100 x $10 = <u> 1,000</u>

3,000

8 0

3 years ago