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lesantik [10]
3 years ago
7

Your coworker Ginny is really concerned about a project that he has just been assigned. He is in charge of analyzing and determi

ning conditions in the market for televisions from an extensive sales report.
If Ginny's boss is interested in a graphical presentation of the relationship between the price and quantity of televisions demanded, you would advise your coworker to construct ____________( the law of demand, a demand curve, a demand schedule) using the data provided. However, if Ginny's boss is more interested in the detailed numbers used to construct this visual representation, you would instead advise your coworker that ______________( the law of demand, a demand curve, a demand schedule) would be more appropriate.
Business
1 answer:
Anastaziya [24]3 years ago
5 0

Answer:

The answers are:

  • a demand curve
  • a demand schedule

Explanation:

A demand curve is a graph showing the relationship between the price of a product, e.g. TV, on the y axis, and the quantity demanded for that product at a certain price (on the x axis). It models the price-quantity demanded for a particular market.

A demand schedule illustrates the same price-quantity demanded relationship for a product as a demand curve, only that it is presented as a table chart instead of a graphic curve.

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An opportunity cost: Multiple Choice Is an unavoidable cost because it remains the same regardless of the alternativ
Diano4ka-milaya [45]

Answer:

Is the potential benefit lost by choosing a specific alternativecourse of action among two or more.

Explanation:

This question is incomplete. The complete question can be found here: https://www.chegg.com/homework-help/questions-and-answers/opportunity-cost--unavoidable-cost-remains-regardless-alternative-chosen-b-requires-curren-q10956439

Here is the complete question:

An opportunity cost:

Is an unavoidable cost because it remains the same regardless ofthe alternative chosen.

Requires a current outlay of cash.

Results from past managerial decisions.

Is the potential benefit lost by choosing a specific alternativecourse of action among two or more.

Is irrelevant in decision making because it occurred in the past.

Opportunity cost is the cost of the next best option forgone when one alternative is chosen over other alternatives.

An example of opportunity cost :

Martha has three options : Start her company, remain employed or go on vacation. If she leaves her job to start her company she would earn $5,000,000 per year. She earns $1 million where she works. She values vacation at $2 million.

If she decides to stay employed, her opportunity cost is $5 million. The amount she would have made if she started her company.

If she decides to start her company, her opportunity cost is $2 million. The amount she values vacation

Opportunity cost doesn't remain the same regardless of the option taken.

If martha wants to maximise profit , she would start her business because if yields the highest payoffs. Opportunity cost is relevant to making decisions.

I hope my answer helps you

8 0
3 years ago
How can pricing range influence pricing strategy
Otrada [13]

When two products have similar core features, but are produced by different companies, competition results. Research your competition to figure out where you fit in or what to change.

6 0
3 years ago
______ Is a way of saving a file so it can be used by a different program
olasank [31]
The answer to your question is b

5 0
3 years ago
Read 2 more answers
Wagon Department Store had net credit sales of $16,000,000 and cost of goods sold of $15,000,000 for the year. The average inven
miv72 [106K]

Answer:

7.5 times

Explanation:

Inventory turnover = \frac{Cost \: of\: goods\: sold}{Average\: Inventory}

We have been provided that,

Cost of goods sold = $15,000,000

Average inventory for the year = $2,000,000

Therefore, Inventory Turnover ratio = \frac{15,000,000}{2,000,000}

= 7.5 times

It means on an average how many times the inventory is sold, and replaced during the period.

8 0
3 years ago
How did the titanic sink ?
Elis [28]

The Titanic could stay afloat with four of its 16 watertight compartments flooded, more than anyone could imagine on a ship of its size.  As the ice bumped along its starboard side, it punched holes in the ship's steel plates, flooding six compartments. In a little over two hours, the Titanic filled with water and sank  Sep 25, 2008

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3 years ago
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