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Zepler [3.9K]
3 years ago
5

An adequate supply of complements to a product results in: a. more customers opting for the product. b. higher switching costs.

c. a significant decrease in sales of the product. d. a significant decrease in customer demand for the product. e. the company failing to win a format war.
Business
1 answer:
Rama09 [41]3 years ago
8 0

Answer: a. more customers opting for the product

Explanation: It is important for a companies and businesses to ensure that in addition to the product they deal in itself, there is an adequate supply of complements. Complements to a product are products whose use is related to the use of an associated product, as such, its appeal increases with increasing use or popularity of its complement. An adequate supply of complements to a product results in more customers opting for the product.

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The following graph shows the supply curve for a group of students looking to sell used smartphones. Each student has only one u
Evgesh-ka [11]

1. The market price that represents the total producer surplus is $140.

Statement                                                                                       True/False

2. Sam will always receive <u>less</u> producer surplus than Teresa.    False

3. When the price is $140 producer surplus is smaller than at $100.  False

4. For Beth to earn a producer surplus of exactly $60, the market price needs to be $240 ($180 + $60).

Data and Calculations:

                             Cost       Market Price             Producer Surplus

                             A            B              C             D = (B -A)     E = (C - A)

Lorenzo                $20       $100      $140             $80          $120

Naha                     $60       $100      $140            $40            $80

Sam                      $80       $100      $140            $20            $60

Teresa                $100       $100      $140              $0            $40

Andrew              $160       $100      $140           -$60           -$20

Beth                   $180       $100      $140           -$80           -$40

The producer surplus represents the excess of the market price over the price a seller is willing to sell an item.  For example, Teresa is willing to sell the smartphone at $100.  If the market price is $120, she gets a producer surplus of $20 ($120 - $100).

Thus, the market price for a used smartphone must exceed the <em>seller's willingness price</em> to produce a producer surplus.

Learn more: brainly.com/question/14942304

3 0
2 years ago
What factors contribute to the comparative advantages of countries?
Westkost [7]

Answer:

International trade is the exchange of capital, goods, and services across international borders or territories.

Each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.

Benefits of trade include lower prices and better products for consumers, improved political ties among nations, and efficiency gains for domestic producers.

International trade is the exchange of capital, goods, and services across international borders or territories. Trading-partners reap mutual gains when each nation specializes in goods for which it holds a comparative advantage and then engages in trade for other products. In other words, each nation should produce goods for which its domestic opportunity costs are lower than the domestic opportunity costs of other nations and exchange those goods for products that have higher domestic opportunity costs compared to other nations.

Explanation:

In economics, the production possibility frontier (PPF) is a graph that shows the combinations of two commodities that could be produced using the same total amount of the factors of production. It shows the maximum possible production level of one commodity for any production level of another, given the existing levels of the factors of production and the state of technology.

PPFs are normally drawn as extending outward around the origin, but can also be represented as a straight line. An economy that is operating on the PPF is productively efficient, meaning that it would be impossible to produce more of one good without decreasing the production of the other good. For example, if an economy that produces only guns and butter is operating on the PPF, the production of guns would need to be sacrificed in order to produce more butter. If production is efficient, the economy can choose between combinations (i.e., points) on the PPF: B if guns are of interest, C if more butter is needed, or D if an equal mix of butter and guns is required.

3 0
3 years ago
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Baskin-Robbins is one of the world’s largest specialty ice cream shops. The company offers dozens of different flavors, from Ver
Colt1911 [192]

Answer:

yes

Explanation:

yes

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2 years ago
This is more a question about highschool. What are exams like? I am going into High school next year. so yea
cestrela7 [59]
Are you doing online or going to an actual school?
8 0
3 years ago
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Which of the following will not help a firm speed up the timing of when it can obtain the use of funds from checks written to it
MaRussiya [10]

Answer:

The correct answer is C

Explanation:

Zero-balance accounts is the checking accounts in which zero amount of balance is maintained through automatically transferring the funds from the master account in an amount which is only large enough in order to cover the checks presented.

This account will not speed up the timing when use the funds from the checks  written as it has keep a zero balance in the account.

6 0
3 years ago
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