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Anarel [89]
3 years ago
10

Consumers are particularly price-responsive when:a. it is difficult to substitute across suppliers and prices are high. b. they

have little time to change their consumption patterns and prices are low. c. there are many substitute goods available for a product, and they have a long time horizon to adjust their consumption. d. there are few substitute goods available for a product, and they have a short time horizon to adjust their consumption.
Business
1 answer:
s344n2d4d5 [400]3 years ago
8 0

Answer:

The correct answer is the option C: there are many substitute goods available for a product, and they have a long time horizon to adjust their consumption.

Explanation:

To begin with, the concept known as <em>''price-responsive'' </em>in the marketing field and in the business world refers to the ability by the consumers to adjust their consumption behavior regarding the prices that are being charged by the company in order to control the use of the good itself and therefore to avoid paying high prices. Moreover, it is understood that in this theory scheme the consumers are adaptative to the services price changes that the company tends to do.

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The Solar Calculator Company proposes to invest $5 million in a new calculator-making plant that will depreciate on a straight-l
Harrizon [31]

Answer:

The Break-even annual sales= $2,222,222.22

Explanation:

<em>The break-even sales is the amount of revenue that a business must generate that would equate its total costs to total revenue. At the break even sales, the contribution is exactly to total iced cost, and the business makes no profit or loss</em>

Contribution margin ratio = (20-5)/20=75%

Break-even (units) = Total general fixed cost /(selling price- variable cost)

                              = 5,000,000/75%

                            =  $6,666,666.67

The annual sales = $6,666,666.67/3 =   $2,222,222.22  

The Break-even annual sales= $2,222,222.22

8 0
2 years ago
Assume that a currency's spot and future prices are the same, and the currency's interest rate is higher than the U.S. rate. The
Andrei [34K]

Answer:

put upward pressure on; put downward pressure on

  • The actions of U.S. investors to lock in this higher foreign return would PUT UPWARD PRESSURE ON the currency's spot rate and PUT DOWNWARD PRESSURE ON the currency's futures price.

Explanation:

If both the spot and the forward price of a currency are the same, it means that it should be worth the same today than in the future. If you can earn higher interest by investing in that foreign currency, then investors will start purchasing higher amounts of the foreign in order to invest and gain higher rates.

Since the demand for the foreign currency increases, that put upward pressure its current price. Simply more investors will want to invest in that currency. While that happens right now, the market will tend to adjust to correct this arbitrage, and the way this can be adjusted is by lowering the future price of the currency. That puts downward pressure on the forward rate.

3 0
3 years ago
Some one can answer pls?
olga_2 [115]
The prospect of greater market share and setting themselves apart from the competition is an incentive for firms to innovate and make better products. But no firm possesses a dominant market share in perfect competition. Profit margins are also fixed by demand and supply.

A perfectly competitive firm is a price taker, which means that it must accept the equilibrium price at which it sells goods. If a perfectly competitive firm attempts to charge even a tiny amount more than the market price, it will be unable to make any sales.
Perfect competition occurs when there are many sellers, there is easy entry and exiting of firms, products are identical from one seller to another, and sellers are price takers.
The market structure is the conditions in an industry, such as number of sellers, how easy or difficult it is for a new firm to enter, and the type of products that are sold.

Hope this helps:)
8 0
3 years ago
If an economy operates at a point within its production possibilities curve, Question 20 options: it lacks the resources necessa
ANEK [815]

Answer:

It is not efficiently using all of its resources.

Explanation:

PPC is the graphical representation of product combinations that an economy can produce, given resources & technology.

  • Points on PPC reflect the best potential production of economy, by best efficient utilisation of available resources & technology.
  • Any point under PPC reflects production under best potential of economy, by inefficient utilisation of resources.
  • Points beyond PPC are unattainable, unless growth in either resources/ technology shifts the PPC curve outwards.

7 0
3 years ago
1. Of the following statements, which one or ones describe actions harmful to your credit score?
aev [14]
1 owing a lot of money
5 0
3 years ago
Read 2 more answers
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