1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
My name is Ann [436]
3 years ago
6

If an individual seller tries to increase the price of their product in a perfectly competitive system then:

Business
1 answer:
galben [10]3 years ago
8 0
Answer B: the individual will not be able to sell any of their product.
You might be interested in
In the course of creating an effective business message, excellent business thinkers are most likely to
Irina18 [472]

Answer:

a) make well-reasoned conclusions and solutions ; & b) begin jotting down a rough draft right away to capture their ideas.

Explanation:

Effective Business message should be - complete, clear, concise, concrete, correct, courteous, coherent.

Rough draft is good for brainstorming & initial preliminary creation stage of business message. After having a bunch of ideas : its important to well arrange them in a coherent, clear way & giving complete, concise structure. This implies better understanding of conclusions, solutions.

4 0
3 years ago
_______ has been defined as the process of identifying consumers with similar attributes who are likely to exhibit a similar buy
Hoochie [10]

Global market segmentation has been defined as the process of identifying consumers with similar attributes who are likely to exhibit a similar buying behavior.

<h3><u>Explanation:</u></h3>

The process involved in the identification of a particular segment of customers to sell the products refers to the Global Market Segmentation. Those customers of the groups that has the nature of similar behavior in buying of certain products will be grouped together under this process.

The people in the identified group will have the same purchasing behavior. Thus, when the customers of similar buying behaviors are grouped then the targeting process of the business will become easier. Fir example if you are manufacturing chocolates then it will be easier to target on;ly children and the adults.

8 0
4 years ago
If demand increased by 100 units at each price level, and the government set a price ceiling of $40, then there will be
mel-nik [20]

Answer:

no surplus or shortage

Explanation:

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

If demamd increases by 100, new equilibrium is 40

Thus, ceiling price equal equilibrium

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Effects of a binding price ceiling

It leads to shortages

it leads to the development of black markets

it prevents producers from raising price beyond a certain price

It lowers the price consumers pay for a product. This increases consumer surplus

4 0
3 years ago
Q 9.37: when should the gross profit method of inventory valuation not be used because it is invalid?
rusak2 [61]
At  the  end  of  given  period the  gross  profit  method  is  required  to  estimate  inventory.The  valuation  become  invalid  when the  following  are  not  available.the  value   for   the  beginning of inventory,records  of  purchase  made, the  total  sale  during  the  period   and  the  gross  profit  margin.
5 0
3 years ago
It is estimated that 100,000 fans will attend a football game. Forty-two percent of them will not be able to park at the stadium
egoroff_w [7]

The answer is: 30 Trips


Total fans = 100,000

<u>The amount of fans that need satelite parking </u>

= 100,000 x 42%

= 42,000 fans


<u>There are 20 buses and each of them can carry 70 fans in one trip. So the maximum number of fans that all of them can carry in one trip:</u>

= 70 x 20

= 1400 fans


<u>Total trips that each bus need to take all fans to stadium </u>

= 42,000 / 1400

= 30 trips

4 0
4 years ago
Other questions:
  • List and describe three causes for shifts in the demand curve.
    7·1 answer
  • All of the following statements about stock indexes are true EXCEPT
    13·1 answer
  • Paolo and Isadora Shaw are married, file a joint tax return, and have one dependent child, Dante. The Shaws report modified AGI
    6·1 answer
  • Rehmer Corporation is working on its direct labor budget for the next two months. Each unit of output requires 0.06 direct labor
    12·1 answer
  • . According to results by Seyhun, __________.A. investors cannot usually earn abnormal returns by following inside trades after
    9·1 answer
  • Rooftop International, Inc. buys insurance against host government takeover when investing in foreign countries. This is an exam
    13·1 answer
  • Your mayor just announced that the local unemployment rate dropped from 10.5% to 10.4% from the prior month. Evaluate the unempl
    9·1 answer
  • In 2019, Martin had two employers during the year. Both employers withheld Social Security tax from his wages in the amounts of
    12·2 answers
  • Which of these is funded by FICA?
    6·2 answers
  • Stanley's Bicycles store buys bicycles on average for $600 and sells them on average for $750. He pays a sales commission of 15%
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!