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Darya [45]
3 years ago
14

In economics, the demand for a good refers to the amount of the good that people:

Business
1 answer:
yuradex [85]3 years ago
8 0

Answer:

b. will buy at various prices.

Explanation:

In economics, demand refers to the quantity of a product that buyers are willing and able to buy at a specific price or different prices. For demand to exist, buyers must not only be willing to purchase but must have the financial resources to buy.

Several factors, such as price, customer preferences, and market news, may influence the demand for a product. As per the law of demand, an indirect relationship exists between price and quantity demanded. An increase in price leads to a decline in demand.  Changes in prices and preferences or related goods also affect the demand for a product.

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Prepare for the DMV drive test by ensuring your_____ is in good operating condition.
butalik [34]
Veichle is in operating condition

7 0
3 years ago
Toyota's global success in the 1990s and early 2000s was based to a large extent on a network of world-class suppliers in Japan.
Butoxors [25]

Answer:

related and supporting industries/complementors.

Explanation:

In the given scenario Toyota effectively leveraged on its related and supporting industries/complementors.

By having a tightly knit network of suppliers in Japan, Toyota developed a fast two-way knowledge sharing—this in turn improved their quality and lowered cost, which it leveraged into a successful blue ocean strategy.

The suppliers complimented their production efforts in such a way that quality improved and cost was lowered

7 0
3 years ago
Charles Edgar Duryea and his brother are credited with creating which of the following products?
emmasim [6.3K]
Gasoline-powered automobile should be the answer.
I cannot explain the whole story, but PM me, if you'd like to hear it.
Good luck with your future studies,
Mabel L.
7 0
3 years ago
Read 2 more answers
Why might one project have the highest pw while a different project has the largest irr? explain?
Hunter-Best [27]
<span>The difference may lie in the project life, sometimes referenced as the planning horizon. A project may have a large internal rate of return (irr), but a very short project life. A second project might have a lower irr, but a much longer life. In that case, the second project will return less per year, but will provide a return for many more years, resulting in a higher pw.</span>
8 0
4 years ago
Products is a manufacturer of large flower pots for urban settings. The company has these​ standards: LOADING...​(Click the icon
nadezda [96]

Answer and Explanation:

The computation is shown below:

1. The standard cost for each one is as follows

For Direct materials, it is

= 9.6 pounds × $4.55 Per pound

= $43.68

For Direct labour, it is  

= 1 hour × $15.80 per hour

= $15.8

For Variable manufacturing overhead, it is

= 1 hour × $3.40 per hour

= $3.40

For Fixed Manufacturing overhead, it is

= 1 hour × $6 per hour

= $6

2. The standard cost of one flower pot is shown below:

= $43.68 + $15.80 + $3.40 + $6

= $68.88

7 0
3 years ago
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