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Ann [662]
3 years ago
14

A market: a. reflects upsloping demand and downsloping supply curves. b. always requires face-to-face contact between buyer and

seller. c. is an institution that brings together buyers and sellers. d. entails the exchange of goods, but not services.
Business
1 answer:
shepuryov [24]3 years ago
6 0

Answer:

c. is an institution that brings together buyers and sellers.

Explanation:

A market: is an institution that brings together buyers and sellers.

In mainstream economics, the concept of a market is any <u>structure that allows buyers and sellers to exchange any type of goods, services and information. </u>The exchange of goods or services, with or without money, is a transaction.

Furthermore it can be said to be any place where sellers of particular goods or services can meet with buyers of those goods and services by creating the potential for a transaction to take place.

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Selene owns a craft store. Her total costs are $1.2 million per year, and her variable costs are $750,000 per year. This means t
iren [92.7K]

Answer:

fixed costs = $450000

Explanation:

given data

total costs = $1.2 million per year

variable costs = $750,000 per year

solution

we get her fixed costs that is express here as

fixed costs = total costs  - variable costs   ...........................1

put here value and we will get fixed costs    

fixed costs = $1.2 million - $750,000  

fixed costs = $1200000 - $750,000  

fixed costs = $450000

7 0
3 years ago
Mccaskell corporation's relevant range of activity is 7,000 units to 11,000 units. when it produces and sells 9,000 units, its a
vodka [1.7K]

Answer:

$79,600

Explanation:

Calculation for what the total amount of direct manufacturing cost incurred will be :

Direct material $50,400

(8,000 x $6.30)

Add Direct labor $29,200

(8,000 x $3.65)

Total Direct cost $79,600

Therefore the total amount of direct manufacturing cost incurred is closest to: $76,600

3 0
3 years ago
Which country has an absolute advantage for producing books
MAVERICK [17]

The correct answer is Singapore. For Plato!

6 0
3 years ago
Madison Company issued an interest-bearing note payable with a face amount of $30,000 and a stated interest rate of 8% to the Me
kondaur [170]

Answer:

zero

Explanation:

It will be Zero. Because its not an operating activity. It will come under Finance activity in the cash flow of Madison company .

5 0
3 years ago
A network structure is:
olga_2 [115]
None of the above
Explanation: The network structure is a newer type of organizational structure viewed as less hierarchical (i.e., more "flat"), more decentralized, and more flexible than other structures. In a network structure, managers coordinate and control relationships that are both internal and external to the firm.
8 0
3 years ago
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