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Law Incorporation [45]
3 years ago
13

A product is __________ that can be offered through a voluntary marketing exchange.ê

Business
1 answer:
schepotkina [342]3 years ago
5 0

Any item of value.

A product is a physical item of value that can be bought and sold. Services, which are intangible items of value, can also be exchanged.

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Felice bought a duplex apartment at a cost of $235,000. Her mortgage payments on the property are $1,510 per month, $803 of whic
BartSMP [9]

Answer:

$1,032

Explanation:

Calculation to determine What monthly rent must she charge for each apartment to break even

First step is to calculate the Monthly costs using this formula

Monthly costs = Mortgage payment + Real estate taxes + Insurance costs + Maintenance costs

Let plug in the formula

Monthly costs=$1,510 + ($2,304 / 12) + ($1,452 / 12) + [2 ×($1,446 /12)]

Monthly costs= $1,510 + 192+ 121 + 241

Monthly costs= $2,064

Now let calculate the Break-even monthly rent per apartment

Using this formula

Break-even monthly rent per apartment = Monthly costs / 2

Let plug in the formula

Break-even monthly rent per apartment = $2,064 / 2

Break-even monthly rent per apartment = $1,032

Therefore What monthly rent must she charge for each apartment to break even will be $1,032

3 0
3 years ago
Some economists argue that competitive price-searcher markets are inefficient because
inna [77]

Answer:

A competitive price-searcher market is a market where there are low entry or exit barriers, and the suppliers can determine the price of their products. Some economists believe that this type of market is inefficient because the suppliers are not able to sell enough output in order to minimize their average costs. Since the demand is very elastic in price searcher markets, any price change will cause a drastic change in the quantity demanded.

Price searcher markets share a lot of similarities with perfect competition markets, the main difference is that suppliers and consumers are not price takers. This means that any supplier can change their sales output by changing their price, which leads to greater competition.

8 0
3 years ago
Examples of transaction costs include ​(check all that​ apply): A. the cost of the externality. B. the cost of monitoring an agr
Paha777 [63]

Answer:

The correct answer is option B, C, and E.

Explanation:

Transaction cost refers to the cost incurred on resources and time necessary for facilitating exchange of goods and services.

Among the given options, the examples of transaction cost is cost of monitoring an agreement, the cost of drafting a contract or agreement, and the time required to negotiate an agreement.

All these costs are incurred in order to facilitate exchange of goods and services.

The problem of externalities can have efficient private solution if these transaction costs are low otherwise the governement has to intervene to efficiently allocate resources.

3 0
3 years ago
Jacob has built up a wide network of contacts, clients, and local business neighbors since moving to Central City five years ago
Nata [24]

Answer:

The answer is network.

Explanation:

Network is a way of interacting with others to exchange some information or establish social contacts. Since Jacob has built up a wide range of contacts, clients, and local business neighbors over the years as mentioned in the statement, he will generally leverage on the network he has developed with these individuals as he intend to move to another phase of his career.

7 0
3 years ago
Read 2 more answers
Why are marketers interested in consumers' levels of disposable income?
julsineya [31]
<span>Disposable income describes the amount of a family's money that is still available after all other necessities are handled. Advertisers are interested in this because they want to know what consumers that have large amounts of disposable income are interested in and are less concerned about the interests of those with very little disposable income.</span>
5 0
3 years ago
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