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2 years ago

Imagine you are a buyer in a double oral auction with a reservation value of $17 and there is a seller asking for $11

Business

1 answer:

bonufazy [111]2 years ago

8 0

Answer:

Yes, since you will gain $14

Explanation:

1. We're going to get $6 in this case. Because our profit represents the difference in our readiness to pay and the cost charged by the seller.

2. As we are ready to sell the seller is now 3, from this contract we will receive $17-3= $14.

Every other vendor would lower our $14 surplus

The tender price refers to a purchaser's highest price for money. The demand price corresponds to a seller's cheapest price for a product.

This is known as the spread, but the smaller the spread, the larger the visibility of the defence.

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It costs $49 to get basic roadside help from Urgent.ly and Honk versus the typical $200 charged by AAA. If tow-truck operators w

Butoxors [25]

Answer:

work as contractors and must add Urgent.ly and Honk to their insurance policies.

Explanation:

Both Urgent.ly and Honk are apps that help drivers get roadside assistance if they lack roadside coverage either from their insurance company or the car's warranty. Honk also provides features that allow you to pay for parking fees.

Both companies work similarly to Uber or Lyft, since they do not own the tow trucks. The tow trucks are owned and operated by associates that join them.

8 0

2 years ago

A june sales forecast projects that 6,000 units are going to be sold at a price of $10.50 per unit. the desired ending inventory

ohaa [14]

Purchases = Sales units + Closing inventory - Beginning Inventory
= 6,000 + (1,000 * 115%) - 1,000
= 6,150 units

7 0

2 years ago

Lan loaned his friend $25,000 to start a new business. He considers this loan to be an investment, and therefore requires his fr

Setler [38]

Answer:

Question Incorrect

Explanation:

4 0

2 years ago

Malmedy Corporation uses the FIFO method in its process costing system. The following data pertain to operations in the first pr

klasskru [66]

Answer:

beginning WIP 800

Question: which are the physical units in the beginning work in process inventory?

Explanation:

The beginning WIP and the started and completed untis will be the total transferred units.

We first, solve for the start and completed:

Unit Stated 25,200

Ending WIP(incomplete) 2,000

start and complete 23,200

Now, we solve for the WIP:

Transferred units 24,000

start and complete (23,200)

beginning WIP 800

7 0

3 years ago

Price ceilings and price floors: a)shift demand and supply curves and therefore have no effect upon the rationing function of pr

mestny [16]

The correct answer is B.

A price floor is a policy established by economic authorities that consists on setting a threshold so that the price of a certain product or service cannot decrease under that. It distorts the market outcome when it is larger than the equilibrium price, because the amount supplied at the price floor level would the larger than the amount demanded by consumers and, hence, there is an excess of supply or surplus. Therefore, the market does not clear because the rationing function of prices has been externally influenced.

A price ceiling is a similar policy established by economic authorities. A threshold is set so that the price of a certain product or service cannot increase over it. It distorts the market outcome when it is smaller than the equilibrium price, because the amount supplied at the price ceiling level would the smaller than the amount demanded by consumers and, hence, there is an excess of demand of shortage. Again, the market does not clear because the rationing function of prices has been externally distorted.

A market clears when the equilibrium is reached and the amount supplied equals the amount demanded, so that the desires of both producers and consumers meet.

8 0

3 years ago