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4 years ago

When businesses raise the price of a needed product or service after a natural disaster, this is known as .

2 answers:

6 0

When businesses raise the price of a needed product or service after a natural disaster, this is known as price gouging. Price gouging is something that businesses do after a natural disaster when they know consumers are going to need a specific product or service so they raise the price because they know people are going to buy it anyways. An example of this is when they raise gas prices after a natural disaster, knowing people still need gas.

Annette [7]4 years ago

3 0

Answer:

price gouging

and it sucks

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Stan is choosing between two goods, candy bars and sodas, and his marginal utility from each is as shown in the table. stan's da

vredina [299]

Answer: Stan will buy 3 units of Candy bars and 5 units of Soda.

Explanation:

The optimal consumption bundle s given by the point where the indifference curve is tangent to the budget line. At this point, the slope of the indifference curve is equal to the slope of the budget line.

That is

$\frac{MRSc}{MRSs} = \frac{Pc}{Ps}$

$\frac{MUc}{Pc} =\frac{MUs}{Ps}$

This marginal utility per dollar is equal for consumption bundles,

1 unit of candy bar, 4 units of soda = Total expenditure = $6 < Income. Thus not optimal

3 unit of candy bar, 5 units of soda = Total expenditure = $11 = Income. Thus optimal bundle

5 unit of candy bar, 6 units of soda = Total expenditure = $16 > Income. Thus not optimal

7 unit of candy bar, 7 units of soda = Total expenditure = $21 > Income. Thus not optimal

Therefore, 3 units of candy bars and 5 units of soda is the only optimal bundle which utilizes all the income to maximize consumption.

4 0

4 years ago

Suppose Van would like to invest $2,000 of his savings.

Greeley [361]

Answer:

The anwers are equity, a claim to partial owernship, van and other bod holders , higher.

Explanation:

Suppose Van would like to invest $2,000 of his savings.

One way of investing is to purchase stock or bonds from a private company.

Suppose RoboTroid, a robotics firm, is selling bonds to raise money for a new lab—a practice known as ___equity____ (Debt or equity) finance. Buying a bond issued by RoboTroid would give Van _____a claim to partial ownership____ (An IOU, a promise pay, from or a claim to partial ownership) the firm. In the event that RoboTroid runs into financial difficulty, _van and other bondholders______________ (Van and other bondholders or the stockholders) will be paid first.

Assuming that everything else is equal, a U.S. government bond that matures 10 years from now most likely pays a ___higher_______ (higher or lower) interest rate than a U.S. government bond that matures 30 years from now.

8 0

3 years ago

What is the concept the people may decide what and when they want to buy and sell called?

Andre45 [30]

Voluntary exchange is the answer

4 0

4 years ago

A firm has 4 plants that produce widgets. Plants A, B, and C can each produce 100 widgets per day. Plant D can produce 50 widget

polet [3.4K]

Answer:

A Widgets Firm

Minimization of Shipping Costs to 3 Customers from 4 Locations:

Explanation:

a) Data and Calculations:

Shipping Costs per unit Plant Customer

c. $7125

Plants Customers

Production 1 2 3 Total

Demand units 75 units 100 units 175 units 350 units

A 100 units $25 $35 $15

B 100 units $20 $30 $40

C 100 units $40 $35 $20

D 50 units $15 $20 $25

To minimize shipping costs:

Satisfy Customer 1's 75 units from B = $20 x 75 = $1,500

Satisfy Customer 2's 25 units from B = $30 x 25 = 750

Satisfy Customer 2's 25 units from C = $35 x 25 = 875

Satisfy Customer 2's 50 units from D = $20 x 50 = 1,000

Satisfy Customer 3's 100 units from A = $15 x 100 = 1,500

Satisfy Customer 3's 75 units from C = $20 x 75 = 1,500

Daily minimum shipping cost = $7,125

Minimizing the shipping cost to a location is not considered in isolation. The other locations must be considered. For example, customer 1's shipping cost would have been minimized to $1,250 instead of $1,500 by shipping D's 50 units and B's 25 units. But, this would have increased the shipping cost to customer 2 by $500 from $2,625 to $3,125. Whereas, the company lost $250 shipping to customer 1, it gained $500 shipping to customer 2, thereby making a net gain of $250, instead of net loss of $250.

7 0

3 years ago

Explain how government actions affect a circular flow model of a mixed economy.

vekshin1

A circular flow economy includes buying and selling between businesses, households, and governments.

The government takes money in through taxes and tariffs, and has expenditures on things like roads, military spending, and other federally funded programs. In this way the government both gives and takes in the economy.

3 0

3 years ago