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Gnom [1K]
3 years ago
5

g Suppose Phil and Miss Kay are the only consumers in the market. If the price is $12, then the market quantity demanded is Ques

tion 7 options: a) 0 units. b) 2 units. c) 4 units. d) 6 units.
Business
1 answer:
juin [17]3 years ago
6 0

the market quantity demanded is 2 units.

Answer: Option B.

<u>Explanation:</u>

Market quantity demanded is the demand of a particular good that has been made by the consumers in the market which is negatively related to the price of the product.

Since it is negatively related with the price of that product, so with the rise of the price of the product, the quantity of the commodity demanded will decrease with the increase in the price of the commodity and vice versa. For this reason, the graph of this is negatively sloping.

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Which of the following is a limitation of a process layout?
ki77a [65]

Answer:

b. It has higher worker skill requirements.

Explanation:

In a process layout or functional layout, all machines and equipment of same functional use or type are placed in a particular and distinct department from machines and equipments of different functional use or type. In simple words, one type of machines are placed in a different space together. For instance, welding machines are together placed in welding department, grinding machines and equipment are placed in grinding department and so on.

Process layout uses the equipments and machines that are already within the process, it just places it differently and no specialized equipment are needed.

Machines and equipments require high and long term investments and the machines and equipments used in process layout are exactly the same.

7 0
4 years ago
Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily. If the account was opened 9 years ago, wha
hjlf

Answer:

The value of the initial deposit = $1269

Explanation:

Given - Account balance of 1723.57 the interest rate of the account is 3.4% compounded daily.

To find - If the account was opened 9 years ago, what was the value of the initial deposit

Proof -

We know that,

If the interest rate is compounded n times per year at an annual rate r, the present value of a A dollars payable t years from now is:

P = A(1 + \frac{r}{n} )^{-nt}

Here,

A = 1723.57

r = 3.4% = 0.034

n = 365 (because it is compounded daily )

t = 9

So,

we get

P = 1723.57(1 + \frac{0.034}{365} )^{-365(9)}

   = 1723.57(1.000093151)⁻³²⁸⁵

   = 1723.57(0.736396351)

   = 1269.23066 ≈ $1269

∴ we get

The value of the initial deposit = $1269

5 0
3 years ago
Which statement would generally be true of travel agents?
SashulF [63]

Answer: A. A travel agent's main income is from commissions.

Explanation:

Travel agents assist people in planning a trip. They offer advice on companies that can be traveled with such as airlines and luxury buses as well as where travelers can lodge and go on sight-seeing. They are helpful because they can help tailor a trip according to a person's budget.

These agents usually have arrangements with these companies and locations mentioned above such that when the traveler pays those companies, the travel agent gets some commission from that. This represents their main source of income.

6 0
3 years ago
Examine the market for cell phone providers in South Africa and answer the questions that follow:
Bogdan [553]
The market structure that cellphone service falls into is an oligopoly. This is because telco service providers are only a few the barrier to enter the market is high. The companies can also achieve short run and long run profit. After price fixing, the oligopolist generated lesser total revenue.
6 0
3 years ago
Read 2 more answers
Identify three areas in our daily lives that would benefit from the study of communication. Use specific examples from the site.
max2010maxim [7]
I know it said from the site and I don’t see a web address so maybe I can give you a few examples and you can go from there:
1. Work place
2. Home
3. School
6 0
4 years ago
Read 2 more answers
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