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
JulsSmile [24]
3 years ago
14

The selling price of a product is $8,000. The cost and hassle involved in buying the product is $175. The benefit received from

the product to a buyer is labelled "A." The seller's profit is $400. In this case, which of the following equations will accurately calculate the buyer's value?
Business
1 answer:
Rainbow [258]3 years ago
4 0

Answer:

These are the options for the question:

a) A + $8,000

b) $8,000 + $400

c) $8,000 - A

d) A-($8,000 + $175)

e) (A + 400) - ($175)

And this is the correct answer:

d) A-($8,000 + $175)

Explanation:

The buyer's value is the total value that a consumer obtains from a product after substracting the purchase cost, and the cost of the personal effort involved in obtaining the product.

The formula is:

Buyer's Value = Benefit Received - (Selling Price + Cost of Effort to Purchase)

If we plug the amounts into the formula we obtain the correct option:

Buyer's Value = A - ($8,000 + $175)

You might be interested in
Managers can increase their ability to make nonprogrammed decisions that will allow them to adapt to, modify, and even drastical
vodka [1.7K]

Answer:

Learning.

Explanation:

Organisational learning is the process by which knowledge is created, retained, and transfered within an organisation. This will imporve quality of decision-making at all levels of the organisation.

Over time the organisation gains a broad knowledge base that it can use to better the organisation.

Innovative or nonprogammed decisions opens up a world of possibilities to the business and evaluation is done to get the best idea for implementation.

7 0
3 years ago
Suppose that, in a competitive market without government regulations the equilibrium price of gasoline is $3.00 per gallon.
yKpoI14uk [10]

Answer:

price floor , binding

price ceiling binding

price floor , non binding

Explanation:

A price floor is when the government or an agency of the government sets the minimum price of a product. A price floor is binding if it is set above equilibrium price.

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price

Because firms are unable to hire workers due to the minimum wage laws., it means it is binding price floor

Equilibrium price is $3 and the maximum price is $2.70 . Thus, it is a binding price ceiling

Equilibrium price is $3 and the minimum price is $2.70 . Thus, it is a binding floor

8 0
3 years ago
The Sedgwick Company estimates sales of a new product at 5,000 units and $3.00 per unit. Management feels the sales quantity is
Soloha48 [4]

Answer:

B) $12,825

Explanation:

In order to calculate the worst case scenario of sales first we need to calculate the worst case for sales of units.

The Company estimates that 5,000 units will be sold with a 10 percent plus-or-minus range. So, let calculate the worst case for the sale of units, in this case being 90% of the 5,000 unit estimate. Calculate 90% of 5,000, and this gives us 4,500 units as the worst case scenario.

To calculate the the worst case scenario for price, lets use the $3.00 per unit estimated by the Company, and apply the same concept, however, taking into account that sales price has a 5 percent plus-or minus range. So we caclulate %95 of $3.00, and this gives us $2.85 as our worst case scenario for price.

Now, we take our worst case scenario for amount of units and price:

4,500 units x $2.85 = $12,825

$12,825 is the total dollar amount for the worst case scenario of this product.

5 0
3 years ago
Suppose that Jack and Hal and Sophia enter into an agreement to sell the restaurant. The contract includes the non-competition a
ycow [4]

Answer: D Your welcome.

5 0
3 years ago
Which doctrine evoked God and nature to rationalize western expansion?
MA_775_DIABLO [31]
<span>When white settlers from Europe moved to North America, Native Americans lost their reign on their land. They were forced out of the regions where they thrived, with many dying from battles or from the diseases that the Europeans brought over. It is estimated that more Native Americans died from diseases than from the actual battles that took place to defend their lands. In the 21st century, Native Americans live on 2 percent of the land in North Americ</span>
3 0
3 years ago
Other questions:
  • If there are constant rumors that a business is in financial crisis, employees might lose internal motivation. which level of ma
    9·2 answers
  • Beaver Valley Oil Refinery produces various grades of petroleum products at its refinery operations. All of the following may be
    6·1 answer
  • Balancing trade is important because if a nation imports more than it exports,
    9·1 answer
  • Channel members should be evaluated using all of the following criteria EXCEPT which one? A) economic factorsB) control issuesC)
    13·1 answer
  • Shelby traveled to Mexico to a resort and took $100 in U.S. currency. When she exchanged it for pesos, she received A) 10.3 peso
    6·1 answer
  • When setting optimal prices, which of the following is a concern when utilizing a regression of observed sales on observed price
    6·1 answer
  • Technical skills are the ability to Multiple choice question. perform tasks such as filing tax forms or assembling a keyboard tr
    11·1 answer
  • Consider the statements. Indicate whether each statement falls mainly under the field of microeconomics or macroeconomics.
    10·1 answer
  • Whats the connect between running a business and being responsible with your own finances.
    6·2 answers
  • Like other corporations, market sales corporation can extend its operations through:_______
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!