Answer: (d.)The bakery faces a flat demand curve.
Explanation:
The bakery faces a flat demand curve because a firm in a perfectly competitive market is a price taker and the demand curve for a firm is equal to the price the supply curve is a part of Marginal cost above Average variable cost , so the supply curve is upward sloping
. The bakery is in the perfectly competitive market so it can earn positive, negative or zero economic profit in the short run and zero economic profit in the long run.
Answer: Company Pays $1640
Carol Bryd pays $410
Explanation:
The total bill is $2300 and the deductible needs to be taken out.
$2300-$250
=$2050
Company Payment.
Company Pays 80% which translates to 0.8
0.8*2050
= $1640 is the company Payment.
Carol then pays the difference which is
$2050 - $1640
= $410
Carol pays $410
Answer:
A change in the expectations of consumers about prices - a shift of the demand curve for peanut butter
A decrease in the price of peanut butter - a movement along the demand curve for peanut butter
A decrease in the number of consumers - a shift of the demand curve for peanut butter
Explanation:
Only a change in price of a product would lead to a movement along the demand curve for that product.
A decrease in the price of peanut butter would increase the quantity demanded for butter. This would lead to a movement down the demand curve.
A change in the expectations of consumers about prices can shift demand curve either to the left or right.
A decrease in the number of consumers would shift the demand curve to the left.
I hope my answer helps you
An instance where sellers should work to keep relationships with consumers is when they feel that the product
Answer: Exclusive distribution
Explanation:
Exclusive distribution is defined as the agreement in which a parties involved are manufacturer and distributor.It states that the particular distributor cannot sell their service or item to any other party .It binds the agreement that product can be sold to the exclusive distributor.
According to the situation mentioned in the question, designers are asked for exclusive distribution by the retailer.Retailer does not wants that design of jewelry to be sold through any other source or retailer for effective sale.Thus agreement upon this matter is proposed by the retailer.
