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
serg [7]
3 years ago
11

A market has four individuals, each considering buying a grill. Assume that grills come in only one size and model. Martina cons

iders herself a grill-master, and finds a grill a necessity, so she is willing to pay $400 for a grill. Javier is a meat-lover, honing his grilling skills, and is willing to pay $350 for a grill. Kamal wants to impress his friends with his vegetable grilling skills and is willing to pay $320 for a grill. Lina loves grilled shrimp and thinks it might be cheaper in the long run if she grills her own shrimp instead of eating out at a restaurant, so she is willing to pay $200 for a grill. If the market price of grills is $300, who will participate in the market?
Business
1 answer:
artcher [175]3 years ago
5 0

Answer:

Martina

Javier :

Kama

Explanation:

The people that would participate in the market are those whose willingness to pay is higher than the market price for the grill.

The willingness to pay is the highest amount a person would be willing to pay for a good

Martina : $400 > $300  would participate

Javier : $350 > $300 would participate

Kama : $320 > $300 would participate

Lina : $200 < $300 would not participate

You might be interested in
Companies can become reasonably mature in project management by designing the right support systems. in general, how much time u
KonstantinChe [14]
The answer is C) 5 years

Most companies start as small start-ups with little in funding. In the early years of a business, the founders would be most involved in only 2 things, either selling or manufacturing/development.


The early years of a business is linked to survival and growth. It is natural for the founders to not be able to focus on operational excellence.

However, as the company starts to make a profit, the founders are able to work on developing new processes to streamline everything and make it more manageable.

It can take up to 5 years before a company can reach organizational excellence.
<span />
6 0
3 years ago
Integrating the information streams produced by a firm into a single, coherent enterprise-wide set of data, and then using model
e-lub [12.9K]

Answer:

business intellingence (BI) and business analytics (BA)

Explanation:

Business intelligence is aetgof that is focused on the present profitability of the business. It uses past data to better improve current processes aimed at meeting the firm's present needs.

Business analytics on the other hand is the use of past data to predict future action that will best enable a firm meet its business objectives.

Therefore business intelligence and business analytics involves integrating the information streams produced by a firm into a single, coherent enterprise-wide set of data, and then using modeling, statistical analysis tools, and data mining tools to make sense out of all these data so that managers can make better decisions and better plans.

6 0
3 years ago
5. Consider the supply chain involved when a customer orders a book from Amazon. Identify the
emmainna [20.7K]

Answer:

1. At pull stage Customers request for books. A pull system by Amazon was made through the use of ingram book group. They support booksellers in supply and demand of book buyers

2. The push strategy is made through the development of several warehouses. Procurement of inventory is done and peoples orders are sent out by utilizing pull strategy.

Processes in pull strategy:

1. Shipping

2. Order fulfilment

Processes in push strategy:

1. Stock replenishment

2. Production

6 0
3 years ago
The seller has placed moving boxes in the closet that contains the access panel to the attic. during the buyer's home inspection
Sholpan [36]

Nothing. The inspector won't be able to investigate the attic during the inspection. The inspector is not required to move objects to access blocked areas. This is the responsibility of the seller prior to the inspection taking place

<h3>What does inspection serve to accomplish?</h3>
  • Inspection denotes a thorough analysis. Meeting consumer needs and preventing the distribution of substandard items are inspections' main goals. Unquestionably, some product flaws cannot be detected or corrected at the final stages of manufacture.
  • An inspection entails checking, or examining and evaluating, a subject. To make sure that it complies with certain requirements, we could inspect a structure or organization. The inspectors must guarantee that nothing is broken and that no one is in violation of the law.
  • Pre-production, in-line, and final quality inspections are the three main categories. To identify and address quality issues, a number of details must be examined and approved during each phase.

To learn more about inspection, refer to the following link:

brainly.com/question/10185359

#SPJ4

4 0
1 year ago
Allocative efficiency is concerned with :_________.
Digiron [165]

A) Producing the combination of goods most desired by society

8 0
3 years ago
Other questions:
  • Which 3 features should you suggest to your clients to build their brand recognition? a) Get choosy with your fonts and use a fo
    5·1 answer
  • What occurs over time as a result of inflation? Check all that apply. Interest becomes worth less money. The dollar’s value beco
    10·2 answers
  • Kate holds a middle-management position with a large corporation. She prefers to involve her subordinates in decision making. Sh
    13·1 answer
  • John has to decide whether to buy a zero-coupon bond with very little risk that costs $950 and will pay $1085 in one year or put
    7·1 answer
  • A company purchased $10,000 of merchandise on June 15 with terms of 3/10, n/45. On June 20, it returned $800 of that merchandise
    11·1 answer
  • An inferior good is one for which _ _ in buyers income causes
    11·1 answer
  • Which of the following is typically NOT the way in which real property ownership can be transferred: a. Will. b. By sale. c. Inh
    6·1 answer
  • 1. A company issues new stock with a fair value of $120,000 to acquire 85% of the stock of another company. The fair value of th
    9·1 answer
  • Derek plans to retire on his 65th birthday. However, he plans to work part-time until he turns 75.00. During these years of part
    15·1 answer
  • Super Smarts University has a sticker price of $45,000 per year. Kyle is applying there and uses their online net price calculat
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!