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aleksandrvk [35]
3 years ago
6

What 3 things must exist in order to have demand for a good or service?

Business
2 answers:
eimsori [14]3 years ago
6 0

- WANT a good

- willing to BUY the good

-have the RESOURCES to buy the good

VikaD [51]3 years ago
3 0

The utility function and the diminishing marginal utility.

the opportunity cost, indifference curve must be convex.

income budget.

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While most marketing to Generation Y tries so hard to be hip that it borders on parody, Vans has kept the decades-old brand real
anastassius [24]

Answer:

age

Explanation:

Based on this information it can be said that in this scenario the segmentation plan used by Vans relies heavily on age segmentation. This is when the company focuses on certain age groups to target within the population. Which in this scenario the Vans company is targeting strictly individuals between the ages 24 and 39 which are referred to as Generation Y.

4 0
4 years ago
Read 2 more answers
If the prices of X and Y are $2 and $4 per unit, respectively, and this consumer has $10 in income to spend, to maximize total u
beks73 [17]

Answer:

In this case the consumer needs to buy one unit of X good and 2 units of Y goods to maximize total utility.

Explanation:

In order to maximize total unity, the consumer needs to buy buy one unit of X good and 2 units of Y. This combination of goods will give the total satisfaction to the consumer with its available resources.

Utility is a meaning, which is used in economics. Which is used for satisfaction and fulfillment. That a consumer receives from the consumption of a particular product or service.

Total utility is the overall or total satisfaction a customer receives through taking a specific good or service.

7 0
4 years ago
Break Even Analysis 1. A USB thumb drive production line will have $240,000 fixed costs variable costs per unit of $1.97. Each u
melomori [17]

Answer:

Instructions are below.

Explanation:

Giving the following information:

Fixed costs= $240,000

Unitary variable cost= $1.97

Selling price per unit= $4.97.

First, we need to calculate the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 240,000 / (4.97 - 1.97)

Break-even point in units= 80,000 units

<u>The break-even point analysis provides information regarding the number of units to be sold to cover for the fixed and variable costs.</u>

If the forecasted sales are 120,000, this means that the company will cover costs and make a profit. The margin of safety is 40,000 units.

3 0
3 years ago
As the discount rate decreases (including negative values), the present value of a given positive cash flow to be received at a
Varvara68 [4.7K]

Answer:

C, gets larger without limit.

Explanation:

A decrease in discount rate ensures that financial institutions can borrow money at a cheaper rate. Since the lending rate of banks are decreased, the amount of available loans/credit is increased which in turn increases the lending activity of the financial institutions.

Simply put, a discount in rates of funds borrowed by a financial institution helps to increase the reserves of the institution as well as increase the supply of money in the economy.

From the question, a larger cash flow rate is obtainable from a decreased discount rates.

Cheers.

6 0
3 years ago
The following standards for variable manufacturing overhead have been established for a company that makes only one product: Sta
kumpel [21]

Answer:

$17,688 unfavorable

Explanation:

The computation of the variable efficiency variance is shown below:

Variable efficiency variance = (Actual hours - standard hours) × standard rate

= (2,700 hours - 200 units × 6.8 hours)  × $13.20

= (2,700 hours - 1,360 hours)  × $13.20

= 1,340 hours  × $13.20

= $17,688 unfavorable

Since the actual hours is more than the standard hours so it would leads to unfavorable variance

6 0
4 years ago
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