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Pani-rosa [81]
3 years ago
10

Giving up one alternative for another is called

Business
1 answer:
Natasha2012 [34]3 years ago
6 0
Another alternative would be called moneky
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How supply and demand work together to reach the equilibrium price in the marketplace? Please give at least a paragraph. Thank y
grandymaker [24]

Answer

Before I answer this question, you must note that the equilibrium price is created by both the amount supplied of a certain product as well as how much "customers" there are (or the amount that is bought in all).  This however, is usually not taking account any potential competitors.

For example, let say that the price in creating the product (or buying) is $15. This means that right now, the company loses $15 for one of the products. To make a profit, the selling price must be >$15. However, (unless they are a monopoly, such as, for example, electrical companies) there are competitors that they must fight with to get customers. Of course, there are other things that can affect the price, depending on the demographic and area.

So how does supply and demand affect the equilibrium price? The limits of the supply & the amount of demand would help determine the price by the amount of people buying and the supply of the product.

~

6 0
3 years ago
Read 2 more answers
The coach is weighing a slightly increased risk of losing against a slightly decreased risk of injury to the star quarterback. t
Sonja [21]

The missing word in the blank is :

small

hence the completed paragraph is:

The coach is weighing a slightly increased risk of losing against a slightly decreased risk of injury to the star quarterback. this weighing of trade-offs is an example of marginal thinking, because the star quarterback was in for most of the game, and the coach's decision concerns <u><em>small</em></u> shifts in probabilities with the game nearly over.

3 0
3 years ago
1. Contrafic Corporation used the following data to evaluate its current operating system. The company sells items for $21 each
olga_2 [115]

Answer:

 $470,000 F

Explanation:

The computation of the static budget variance of operating income is shown below:

Particulars  Actual results         Static budget         Static budget variance Units sold        180,000 units        185,000  units

Revenues        $3,780,000            $4,440,000             $660,000 U

Variable costs  $1,080,000            $1,295,000              $215,000 F

Contribution margin  $2,700,000   $3,145,000             $445,000 F

Fixed costs         $800,000              $775,000              $25,000 U

Operating income   $1,900,000     $2,370,000            $470,000 F

Note:

Multiply the selling per unit with unit sold to get the revenue amount

6 0
3 years ago
What are features in personal finance?
Alik [6]

Answer:

Account. Manage your money.

Card. Spend anywhere.

Budgeting. Save money and time.

Add Funds. Cash into your account.

Payments. Bank transfers.

Security. Safe money.

Explanation:

4 0
3 years ago
Tax return 12-59 assignment
Sonja [21]
What?






Explanation:

Good Luck

7 0
3 years ago
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