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Viefleur [7K]
3 years ago
11

The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy

. This statement best describes the concept of The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy. This statement best describes the concept of
Business
1 answer:
Ray Of Light [21]3 years ago
8 0

Answer:

Consumer Sovereignty

Explanation:

Consumer sovereignty in production refers to the controlling power of consumers and that the production of goods and services is determined by the consumers' demand.

In the given scenario, The dollar votes of consumers ultimately determine the composition of output and the allocation of resources in a market economy, and hence this statement best describes the concept of Consumer Sovereignty

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Answer:

The answer is B

Explanation:

When nobody wants the product, the product builds up until there is so much the product becomes cheaper. This is because the product is not scarce anymore.

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National defense is a good that is non excludable and nonrival in consumption. Suppose that, instead of national defense being p
timama [110]

Answer:

Alan is better off by $15

Explanation:

the number of citizens in latvia = 10

if citizens were levied $10 each, total amount

= 10*10

=$100

each persons valuation = 100*0.25

= $25

$25 is also Alans valuation sice he is a part of this population.

since he contribited $10, his net gain would be

$25.00 - $10.00

= $15.00

Alan is better of by $15 in the tax system.

8 0
3 years ago
Which sentence in this excerpt from Ambrose Bierce's "An Occurrence at Owl Creek Bridge" uses personification? Excepting the gro
Harrizon [31]

Answer:

The sentence in this excerpt from Ambrose Bierce's "An Occurrence at Owl Creek Bridge" that uses personification is:

Death is a dignitary who when he comes announced is to be received with formal manifestations of respect, even by those most familiar with him.

Explanation:

Here, Ambrose Bierce or the narrator addresses death as a person.  He makes death to become a dignitary, capable of visiting a person or community.  Grammatically, personification is a literary device or a figure of speech in which human attributes or characteristics are ascribed to non-human things or objects as if they were human.  It uses metaphor, another literary device, to achieve this attribution.

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Ira should seek specific performance.

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  • A court may order a party to carry out a specific conduct, such as completing the contract's performance, as a form of equitable relief under the law of contracts.
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Thus this is the answer.

To learn more about Contracts, refer: brainly.com/question/984979

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6 0
2 years ago
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