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Natasha_Volkova [10]
3 years ago
12

Which of the following is not a function of prices in a market system? Group of answer choices Prices send signals to buyers and

sellers to help them make rational economic decisions. Prices ensure an equal distribution of goods and services among consumers. Prices coordinate economic activity. Prices have the crucial job of balancing supply and demand.
Business
1 answer:
Sedaia [141]3 years ago
6 0

Answer:

Prices ensure an equal distribution of goods and services among consumers.

Explanation:

The price mechanism helps in the efficient allocation of resources. There are a number of functions performed by the price mechanism. Prices send signals regarding resources. An increase and decrease in prices reflect surplus and deficit.  

Price balances the demand and supply of a product. Price is inversely related to demand and positively related to the supply of a product. It is determined by the interaction of demand and supply and helps in balancing supply and demand.  

For instance, an increase in demand would increase the price, this higher price will motivate the suppliers to increase quantity supplied thus balancing demand and supply.  

Price helps in coordinating economic activities and helps buyers and sellers in decision making. However, they do not help in equal distribution of goods and services among consumers.

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URGENT!
djyliett [7]

Answer : all of the above

I think this is the answer.

3 0
3 years ago
he company rented an office for $ 3600 per month starting from January​ 1, 2018. On that​ day, ABC prepaid the rent through June
pickupchik [31]

Answer:

The balance in the Prepaid Rent account as of April​ 30, 2018 = $7,200

Explanation:

Monthly rent = $3,600

Rent paid on 1 January = $3,600 \times 6 = $21,600

Out of which Prepaid Rent = $3,600 \times 5 = $18,000

for 5 months

Prepaid rent account as on April 30 balance will be of rent for May and June,

That is $3,600  \times 2 = $7,200

Only this amount will be outstanding in prepaid rent as for the month till April each month rent would have been adjusted from February to April.

Final Answer

The balance in the Prepaid Rent account as of April​ 30, 2018 = $7,200

8 0
3 years ago
True or false Five out of seven members of the Board of Cosmetology must have been licensed cosmetologists for at least five yea
sertanlavr [38]

Five members of the board must hold valid cosmetology licenses and shall have been working as cosmetologists for at least five years in this state. This statement is TRUE.

  • A seven-member Board of Cosmetology is established inside the department. Its members will be selected by the governor and confirmed by the Senate, and its job will be to carry out the terms of this act.
  • The rest of the unexpired terms on the board may be filled by the Governor at any time.
  • Each appointee must take the constitutional oath of office and submit it to the Department of State before beginning their duties as board members.
  • The board will choose a chair and vice chair from among its members in the month of January.
  • The board will hold as many meetings as it considers necessary throughout the year, one of which will be the annual meeting.

To know more about Cosmetology refer:

brainly.com/question/14069988

#SPJ9

5 0
1 year ago
Consider the all-units quantity discount schedule below. Quantity Ordered Price Per Unit EOQ at that Price 1-499 $300 952 500-99
UkoKoshka [18]

Answer: B. 1023, 1500, 2000}

Explanation:

The Optimal solution should contain the set of quantities that would require the lowest no. of orders to achieve a discount in a class.

1,023 is quite close to the lowest amount required of 1,000 in the 1,000 to 1,499 range.

So are 1,500 and 2,000.

Option D can also work but it has too many order quantities and will inflate the price.

The Optimal Solution therefore has to be from this option.

5 0
3 years ago
Mars Inc. produces 100,000 boxes of Snickers bars which sell for $4 a box. If variable costs are $3 per box, and it has $150,000
IceJOKER [234]

Answer:

It should continue the production in the short-run.

Explanation:

Given the unit produced by Mars Inc. = 100000 boxes.

The selling price of boxes = $4 per box.

The variable costs = $3 per box.

The fixed costs = $150000

The total sales revenue = number of boxes × selling price

= 100000 × 4

= $ 400000

In the short run, the firm should continue its production because it still covers the variable costs.

8 0
3 years ago
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