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3 years ago

How does the market determine the price and the quantities supplied and demanded?

1 answer:

7 0

<span>a place where supply and demand comes together to determine the price. the buyers and seller come together to buy goods/services.</span>

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What is the term for the idea that some goods will be overused and depleted if not regulated?

Solnce55 [7]

I think what you mean is exhausted?

8 0

3 years ago

Select the correct answer.

Ganezh [65]

Answer:

Explanation:

The action being used here is the psychological pricing action.

It tends to appeal to the buying reasoning of the buyer. In this system of pricing, the prices of goods are intentionally placed using odd figures. This is because, it is believed that setting prices at these type of price ranges have a psychological effect on the consumer

The 0.01 cent difference would appeal to the psychological thinking of the consumer, thereby making him purchase the goods which in fact is same price when looked at technically

All in all, the pricing system is looking to make the buyer take a decision which will favor the seller as the fractional bits taken off the price would appear to the customer as if he’s purchasing at a lesser price which is technically not so

8 0

3 years ago

_____________________are private organizations that are created to raise and distribute campaign money to candidates for politic

Oliga [24]

D. POLITICAL ACTION COMMITTEES are private organizations that are created to raise and distribute campaign money to candidates for political office.

It is generally formed by individuals, corporations, labor unions, trade associations, and other organizations that channels the voluntary contributions they raise to the candidates for elective office.

4 0

3 years ago

Read 2 more answers

Criticism is only good when you know about the problem beforehand.

statuscvo [17]

I assume this is a true or false question.

False.
Why is criticism needed anyway? Don't we have enough of that already?
We all know, by logic, what hurts others and what may bother them. Criticism is the act of picking on something with the intention of dislike.

If further explanation is needed, just comment below and I'd be glad to assist.

4 0

3 years ago

Read 2 more answers

Inventory Valuation under Absorption Costing Amiens Company produced 20,000 units during its first year of operations and sold 1

katen-ka-za [31]

Answer:

Required 1

Direct Materials Cost = $4.00

Direct Labor Cost = $5.07

Variable Overhead Cost = $0.78

Fixed Overhead Cost = $2.73

Required 2

Unit Cost = $12.58

Required 3

Units in Ending Inventory = 1,100

Required 4

Cost of ending inventory = $13,838

Explanation:

Unit Cost Calculations :

Direct materials = $ 80,000 ÷ 20,000 units

= $4.00

Direct labor = $101,400 ÷ 20,000 units

= $5.07

Variable overhead = $15,600 ÷ 20,000 units

= $0.78

Fixed overhead = $54,600 ÷ 20,000 units

= $2.73

Unit Cost (Absorption Costing) = All Manufacturing Costs

= $4.00 + $5.07 + $0.78 + $2.73

= $12.58

Units in Ending Inventory = Opening Inventory Units + Production - Sales

= 0 + 20,000 units - 18,900 units

= 1,100

Cost of ending inventory = Unit Cost × Units in Ending Inventory

= $12.58 × 1,100

= $13,838

5 0

3 years ago