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
The product life cycle does not have a major impact on decision-making.
Dennis_Churaev [7]

Answer: Thats false.

3 0
2 years ago
To verify the quality and integrity of completed visuals ask yourself all of the following questions, except
kupik [55]

In order to verify the quality and integrity of completes visuals, you should NOT ask yourself the question “Is the visual doing the job?”

<span>One needs to ensure visual and textual flow in order to have successful integration with text involves for decisions.</span>

7 0
2 years ago
Read 2 more answers
To measure system performance, companies use _____, which uses a set of standard tests on one system to compare its performance
Charra [1.4K]

Answer:

benchmark testing

Explanation:

BENCHMARK TESTING can be regarded as method that is devices in the measurement of set of repeatable quantifiable results which usually taken as a point of reference in comparing products/services in a company. A benchmark must be a repeatable one, and it's application is also found in result testing in comparism of the present as well as well as future software releasees along with benchmarks. It should be noted that To measure system performance, companies use benchmark testing which uses a set of standard tests on one system to compare its performance and capacity to that of other systems.

5 0
2 years ago
Which assertion relates to the following statement? "Assets, liabilities, and equity interests are included in the financial sta
KengaRu [80]

Answer: Valuation

Explanation:

The assertion that assertion relates to the statement that Assets, liabilities, and equity interests are included in the financial statements at appropriate amounts is the valuation assertion.

According to the assertion of accuracy and valuation, it simply means that all the figures that are presented in a financial statement are known to be accurate and are based on proper valuation of the assets, the liabilities and the equity balances

3 0
2 years ago
4. It's important to remain open during communication and understand that communication and dialogue involves ______ the thought
Shkiper50 [21]

I would think that the answer is influencing. I hope this helps lmk. =)

6 0
3 years ago
Read 2 more answers
Other questions:
  • NNR Inc.'s balance sheet showed total current assets of $1,875,000 plus $4,225,000 of net fixed assets. All of these assets were
    12·1 answer
  • The future value of a lump sum of $500 invested today at a constant annual interest rate of 2.5% would be worth how much in 8 ye
    12·2 answers
  • Novak Corporation is preparing its 2014 statement of cash flows, using the indirect method. Presented below is a list of items t
    15·1 answer
  • Paul Sabin organized Sabin Electronics 10 years ago to produceand sell several electronic devices on which he had securedpatents
    9·1 answer
  • On July 10, Boogie Footware agrees to a contract to sell 800 pair of flapper shoes for $16,000 to Twenties, Inc. On September 1,
    7·1 answer
  • Bonita Industries reported the following year-end information: beginning work in process inventory, $190000; cost of goods manuf
    10·1 answer
  • The Gorman Group issued $920,000 of 9% bonds on June 30, 2021, for $1,011,047. The bonds were dated on June 30 and mature on Jun
    11·1 answer
  • When using acronym meet to improve intercultural relations in work place what action does the T represent
    12·1 answer
  • Body Sync Inc. is a chain of gyms. It offers a fitness package that allows its members to use the gym facilities for 12 months b
    15·1 answer
  • Why did the Confederation Congress have trouble meeting its financial obligations needed to fund government business
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!