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3 years ago

In 1 or 2 sentences, explain how consumers affect which goods and services are produced. WRITER

2 answers:

8 0

Answer;
Based on Supply and demand; If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Explanation;
In a market the price is determined using the law of demand and supply in that particular market. Demand is the quantity of goods that consumers are willing and able to buy at a given price while supply is the quantity supplied by suppliers at a particular price.
If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.

avanturin [10]3 years ago

6 0

If demand for a good or service is high,producers are more likely to produce it since their aim is making profits.In shorter words,refer to consumer sovereignty.

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Ot counting any medical expenses or the cost of a new car, a dwi conviction may carry a total financial cost of __________ or mo

Ilya [14]

NOt counting any medical expenses or the cost of a new car, a dwi conviction may carry a total financial cost of $17,000.
Falsifying this type of information is considered as legal in the United States. Depending on the states where it happend, the perpetrator may have to face several years in Jail.

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3 years ago

Two hundred paper mills compete in the paper market. The total cost of production (in dollars) for each mill is given by the for

zheka24 [161]

Answer: See explanation

Explanation:

The magnitude of the deadweight loss resulting from the externality is shown below:

MC = 500 + 2Q

MEC = 40 + 2Q

Therefore, the Marginal social cost (MSC) will be:

= MC + MEC

= 500 + 2Q + 40 + 2Q

= 540 + 4Q

Since Demand: Q = 150,000 - 100P, we have to get a function for P which will be:

Q = 150,000 - 100P

100P = 150,000 - Q

P = (150,000 - Q)/100

P = 1,500 - 0.01Q

Total revenue, TR = P x Q

= (1,500 - 0.01Q) × Q

= 1500Q - 0.01Q²

Marginal revenue, MR will be:

= dTR / dQ

= 1,500 - 0.02Q

It should be noted that for when there's no externality, Equilibrium, MC must be equal to MR. Therefore,

1,500 - 0.02Q = 500 + 2Q

2Q + 0.02Q = 1500 - 500

2.02Q = 1,000

Q = 1000/2.02

Q = 495

P = 1,500 - (0.01 x 495)

= 1,500 - 4.95

= 1,495.05

When there's externality, Equilibrium will be:

MR = MSC

1,500 - 0.02Q = 540 + 4Q

4.02Q = 960

Q= 960/4.02

Q = 239

Therefore, P = 1,500 - (0.01 x 239)

= 1,500 - 2.39

= 1,497.61

Then, we will calculate the deadweight loss which will be:

= 1/2 x Difference in price x Difference in quantity

= 1/2 x (1,497.61 - 1,495.05) x (495 - 239)

= 1/2 x 2.56 x 256

= 327.68

3 0

2 years ago

The concept of risk and return is subjective for different people, as well as for corporations.

Juli2301 [7.4K]

Answer:

Risk and Return

1. Joe is an average investor. His financial advisor gave him options of investing in stock A, with a σ of 12%, and stock B, with a σ of 9%. Both stocks have the same expected return of 16%. Joe can pick only one stock and decides to invest in stock B.

Good Financial Decision?

Yes

2. Marcie works for an educational technology firm that recently launched its employee stock option plan (ESOP). Marcie allocated all her investments in the ESOP.

Good Financial Decision?

Yes

3. rin wants to invest in a hedge fund that has had a very strong performance track record. The hedge fund has given its investors a return of over 60% for the past five years. Although Erin is tempted to put her money in the fund, she decides to conduct due diligence on the hedge fund’s assets, because she is aware that past performance is no guarantee of future results.

Good Financial Decision?

Yes

Explanation:

1. Joe's decision to invest in stock B is a good financial decision. Since both investments have the same returns, the decision on which investment to take shifts to the standard deviation of the returns, which specifies the variability of the returns. Invariably, the investment with less standard deviation should win the vote. Therefore, Joe's decision is a good financial decision because investment in B has a standard deviation of 9% unlike A's 12%.

2. Putting all eggs in one market as Marcie had done by allocating all her investments in the ESOP is not a good financial decision, theoretically. It is always best to spread the risks, though higher-yielding investments (returns) bear higher risks.

3. The decision of Erin to conduct due diligence on the hedge fund's assets, despite its past performance is a good financial decision. Due diligence reveals some behind-the-scene information that are instrumental in making sound business decisions. Who are the present managers of the fund? What systems are in place in the entity to guarantee similar future performance, all things being equal? What market's sentiments and information are available for consideration? These questions, and many others can be answered through a due diligence. Surely, "past performance is no guarantee of future results."

3 0

3 years ago

Samantha works as a marketing manager for a cosmetics manufacturer. She plans to suggest a specific type of business model that

galina1969 [7]

A) Franchise is a business model Samantha have in mind.

Answer: A) Franchise

Explanation:

Franchise is the business model which is adopted by many business organisation for the purpose of business expansion. Where the other new business holders carry out the business using the company's procedure, brand name etc.

Under the same name and business line, the business is carried out by the new reciters and a amount of their profit is earned by the owner of the business. Here in this case Samantha is using Franchise business model.

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3 years ago

Read 2 more answers

The __________ is the combination of media used and the frequency of advertising in each medium. Question 34 options: media plan

Kryger [21]

The media mix is the combination of media used and the frequency of advertising in each medium.

5 0

3 years ago