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
Illusion [34]
3 years ago
13

Which factor sets the ceiling on setting a​ product's price?

Business
1 answer:
Lemur [1.5K]3 years ago
7 0

Customer's perceptions set the price ceiling - if they see the price as too high they won't buy it, demand will fall, and so will the equilibrium price. Their perception on the fairness of the price will affect how high the price can go before losing sales.

You might be interested in
Charleston, Inc. has Accounts Receivable of $320,000 and an Allowance for Doubtful Accounts of $16,000. If it writes-off a custo
noname [10]

Answer:

$304,000

Explanation:

Please see attachment

5 0
3 years ago
Jory wants to create a diagram to compare and contrast the qualifications of the three Energy pathways. Which qualifications cou
Sedbober [7]

Answer:

answer is the first one

Explanation:

I think

6 0
2 years ago
If the capital stock is fixed and something happens to raise the marginal product of capital (MPK) for any given quantity of cap
nadezda [96]

Answer:

D. rise

Explanation:

D. As per the study, marginal product theory suggests that, as the marginal product of capital (MPK) increases even if the capital stock is fixed or unchanged, the real rental will also be changed the same way i.e.  it will rise in this given scenario.

5 0
3 years ago
In the long run, assuming that the owner of a firm in a competitive industry has positive opportunity costs, she a. should exit
Svetradugi [14.3K]

Answer:

c. will earn zero economic profits but positive accounting profits

Explanation:

A competitive industry is characterised by many buyers and sellers of homogenous goods and services.

There are no barriers to entry and exit of firms. If firms in a competitive industry earn economic profit in the short run, firms enter into the industry in the long run and economic profit falls to zero.

A competitive firm earns accounting profit but doesn't earn economic profit.

Accounting profit = Revenue - Cost

Economic profit = Accounting profit - Opportunity cost

I hope my answer helps you.

5 0
3 years ago
What is an AA? (From college)
Otrada [13]
What is AA. Alcoholics Anonymous is an international fellowship of men and women who have had drinking problem.
6 0
3 years ago
Other questions:
  • At the beginning of 2018, Angel Corporation began offering a two-year warranty on its products. The warranty program was expecte
    8·1 answer
  • IBM's Smarter Planet campaign markets IBM as a company that provides innovative solutions that improve the world's IQ. This is a
    15·1 answer
  • Garage Magic, Inc., contracts for the sale of a certain number of garage door openers to Home & Yard Hardware stores. Ian bu
    10·1 answer
  • The number of compounding periods in one year is called compounding frequency. The compounding frequency affects both the presen
    12·1 answer
  • A company that uses the perpetual inventory system purchased 500 pallets of industrial soap for 10,000 and paid 750 for the frei
    8·1 answer
  • In the value chain, what is the term of the activities that are required but not directly add value to the company's products or
    9·1 answer
  • What do you mean by consistency in accounting ?
    7·2 answers
  • Which factor of production is LEAST likely labeled in the photo?
    6·1 answer
  • PLEASE ANSWER QUICKLY
    15·1 answer
  • Why are foreign mnes like ups seeking to invest in india?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!