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mario62 [17]
3 years ago
14

Omega, Inc. sells its fitness wrist band for $100. It cost the company $62 to make the product. While Tom values the Omega wrist

band at $122, his friend Dan values it at $105. The value placed by Tom and Dan are what economists would call:___________
A. producer's surplus.
B. each customer's reservation price.
C. each customer's value price.
D. the efficiency frontier.
E. competitive advantage.
Business
2 answers:
dangina [55]3 years ago
7 0

Answer:

B. each customer's reservation price.

Explanation:

Reservation price is the highest amount a buyer would be willing to pay for a good or service.

I hope my answer helps you

Aneli [31]3 years ago
6 0

Answer:

B

Explanation:

The value placed by Tom and Dan are called customer's reservation price.

For a seller , customer reservation price is defined as the minimum amount he is willing to sell an item while for a buyer , it is the maximum amount he is willing to pay in exchange for a good.

In other words , it is the least favorable negotiation that one would accept in the course of business transaction.

It is used to mitigate loss, determine and maintain profit for the purpose of business continuity

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discretionary fiscal policy is a fiscal policy action, such as Group of answer choices an increase in payments to the unemployed
Olegator [25]

Discretionary fiscal policy is a fiscal policy action, such as a tax cut, initiated by an act of Congress.

What is discretionary fiscal policy?

Discretionary fiscal policy is a policy in which government uses taxation and spending to influence aggregate demand.

Hence, Discretionary fiscal policy is a fiscal policy action, such as a tax cut, initiated by an act of Congress.

Learn more about fiscal policy here: brainly.com/question/6483847

#SPJ12

3 0
1 year ago
The Planning process team is progressing. The team has involved a number of expert opinions in trying to approximate the costs n
Andrei [34K]

Answer:

Chart of accounts.

Explanation:

Chart of account set up the codes which is used to determine the project cost. Under chart of account each account is assigned unique number and name. Example of chart of accounts include balance sheet accounts, asset accounts, liability accounts, revenue accounts, expenditure accounts, etc.

Chart of account is usually used by an organization to show that what amount of money is received or spent by each class of items. By segregating expenditure, revenues, liability, assets, etc. it provide better understanding to an organization about financial health.

8 0
3 years ago
Describe the gas station and its immediate surroundings.
vladimir1956 [14]
The very first thing that should be considered when it comes to the location of the gasoline station is its accessibility to the consumers. As a general guideline, it should be located approximately 500 ft from any public institution including churches, malls, schools, etc. 
3 0
3 years ago
Which of the following is an example of strategic entry deterrence?
Oksanka [162]

Answer:

E. both a and b

Explanation:

Strategic entry deterrence refers to any act that prevents potential market participants from competing in a particular market. Such actions or barriers to entry may include rival capture, product differentiation for extensive product development, capacity building to lower unit costs, and predatory pricing. While many entry barriers can be created, time can also be a barrier to entry because potential marketers are less likely to enter the market if it takes longer to complete the task. they spend and lose their profits over time. Entrance barriers are sometimes considered anti-competitive and may be subject to different competition laws.

One way to block access to the new entrants is to produce products at a lower price than the monopoly level. This not only reduces profitability, but also makes them less attractive to participants, but also means that the current person is more likely to meet market demand and to leave any potential bidder in the market.

The current company has the advantage of being the first carrier, so it can act in a way that it knows will affect the decision of the participant. Assuming incomplete data (ie, the costs of the current firm are known only) can only make assumptions about the cost structure of the participant with price and output levels. Therefore, duty people can use them as a signal to any potential bidder.

An officer trying to strategically hinder access may do so by trying to minimize market entry. Expected revenues depend heavily on the number of customers waiting for the participant - so one way to prevent access is the "shutting-down" consumer.

5 0
3 years ago
You believe that the Non-Stick Gum Factory will pay a dividend of $2 on its common stock next year. Thereafter, you expect divid
yuradex [85]

Answer:

$16.67

Explanation:

Data provided in the question;

Dividend to be paid next year, D1 = $2

Expected growth rate of dividend, g = 4% = 0.04

Required rate of return on the investment = 16% = 0.16

Now,

Price to be paid for the stock = \frac{D1}{\textup{(r-g)}}

or

Price to be paid for the stock = \frac{\$2}{\textup{(0.16-0.04)}}

or

Price to be paid for the stock = $16.67

8 0
3 years ago
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