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Bas_tet [7]
3 years ago
6

Suppose that you are a big fan of the Harry Potter books. You would love to own a copy of the very first printing of the first​

book, but unfortunately you​ can't find it for sale for less than​ $5,000. You are willing to pay at most​ $200 for a​ copy, but​ can't find one at that price until one day in a used bookstore you see a copy selling for​ $10, which you immediately buy. Are you being irrational if you keep the copy rather than sell it?
Business
1 answer:
Anastasy [175]3 years ago
7 0

Answer:

I consider it wouldn't be irrational

Explanation:

Since you have now a collectible book that, in a few years more from now would cost even more.

Must of the antiques that didn't cost to much in certain time now can be in auction and people make a lot of money with them.  

When you have a collectible you need to find Collector Clubs or dealers, search over the internet and compare prices and then you can determinate when it is a good moment to sell.

Hope It helps

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"When a business establishes a web-site and begins to allow customers to" place orders online without ever coming into their sto
Korolek [52]

Answer: technological environment

Explanation:

Technological environment simply has to do with how science and technology and technological progress has impacted on businesses.

The technological environment is the environment whereby the technological changes affect the marketing efforts of firms. Therefore, a business that establishes a web-site and begins to allow customers to place its orders online without ever coming into their store, is responding to changes in the technological environment.

6 0
3 years ago
Which best describes what is represented in the business cycle model? the interactions between producers and consumers the chang
leva [86]

Macroenomoc trends best describes what is represented in the business cycle model.

The business cycle, also known as the economic cycle or trade cycle describes the rise and fall in production output of goods and services in an economy. The rise and fall is measured using rise and fall in real – inflation-adjusted – gross domestic product (GDP).

4 0
3 years ago
Read 2 more answers
Supporters of a minimum wage argue that it can increase wage rates without causing significant unemployment in which type of lab
dem82 [27]

Supporters protest that the wage rates can be increased without causing any significant unemployment are usually referring to the low pay labor market.

<h3>What is a wage? </h3>

A wage is the money compensation for the services obtained by a labor, this wage is based on rates these rates can be hourly, per piece or per day.

In such a market even if wage rates are increased the unemployment is not  significant and is in fact beneficial for the labor working on a low wage.

#SPJ12

Learn more about labor at brainly.com/question/27835210

5 0
2 years ago
What commodity has the united states recently focused on producing domestically?
amm1812
The united states is recently focused on producing domestically the energy. In addition, when negotiating economic policy, the united states diplomats usually seek to reduce trade barriers. The critique of united states economic policy is free trade can harm the environment because other countries may not have environmental regulations in place. 
5 0
3 years ago
Read 2 more answers
Smith Company reports the following information: Cost of goods manufactured $68,250 Direct materials used 27,000 Direct labor in
mafiozo [28]

Answer:

Ending Work in process= $13,500

Explanation:

Giving the following information:

Cost of goods manufactured $68,250

Direct materials used 27,000

Direct labor incurred 25,000

Work in process inventory, January 1 11,000

Factory overhead is 75% of the cost of direct labor.

cost of goods manufactured= beginning WIP + direct materials + direct labor + allocated manufacturing overhead - Ending WIP

68,250= 11,000 + 27,000 + 25,000 + (0.75*25,000) - Ending WIP

Ending WIP= 11,000 + 27,000 + 25,000 + 18,750 - 68,250

Ending WIP= 13,500

6 0
3 years ago
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