Which of the following goods is nonrival?

Look around your room or in your house and find five different objects and identify where they were made. In at least 100 words,

gizmo_the_mogwai [7]

Answer:

Throughout my home, there are many objects that were made in many different places. These objects, though they may seem pedestrian, are highly significant in their ability to help and serve. One of these objects includes my television. This trade occurred at Best Buy, where I gave $5,000 U.S dollars in turn for a continuous flow of information. I have since been positively impacted, as I am always aware of my surroundings (I.e. news) and I can keep up with the latest shows. Another example is my refrigerator. My refrigerator allows me to, once again, connect to the internet and keep in touch with those around me. This product has also impacted me, as it makes life much easier. When at the grocery, I am able to search on my phone and look inside to see what I may, or may not, need.

Explanation:

4 0

2 years ago

Grear Tire Company has produced a new tire with an estimated mean lifetime mileage of 36,500 miles. Management also believes tha

gladu [14]

Answer:

1. The expected cost of production for each tire sold is $0.013 per tire.

2. Probability that Grear will refund more than $50 for a tire is 0.0107

Explanation;

1. Mileage is 36,500 miles

Standard deviation is 5,000 miles

Observed miles is 30,000 miles

100 miles failed at $1

Therefore;

(36,500 - 30,000) /5,000 = 1.3

To get the cost of production,

Since 100 miles equals $1 if fail

1.3 × 1 / 100

= $0.013 per tire.

2. P(Z<25,000 - 36,500/5,000)

= P(Z<-11,500/5,000)

=Z<2.3

Therefore,

1-0.9893

=0.0107

The probability that Grear will refund more than $50 for a tire is 0.0107

3 0

4 years ago

A government-imposed price of $12 in this market is an example of a

andreev551 [17]

Answer. C Binding price floor that creates a surplus

Explanation: A government imposed price of $12 in this market is an example of a binding price floor that creates a surplus as the government has fixed the price of the goods as $12 due to which the floor price is fixed and the surplus is created as the price is too high that the demand of the goods decreases. This intervention by the government is to create surplus by binding the floor price.

5 0

3 years ago

spectrum corp desires a 25% target gross profit after covering all product costs: considering the total product costs assigned t

HACTEHA [7]

Answer:

Note: "The full question is attached as picture below"

Required selling price for product = Total product cost / Product cost as a percentage of selling price

Note: When the gross profit rate is 25%, this means that Product cost as a percentage of selling price is 75%

Total cost assigned for product C = $1,396

Total cost assigned for product D = $3,158

What would Oak have to charge the customer to achieve that gross profit?

Charge to the customer for Product C:

= $1,396 / 0.75

= $1861.333333333333

= $1,861.33

Charge to the customer for Product D:

= $3,158 / 0.75

= $4210.666666666667

= $4,210.67

6 0

3 years ago

SmartToy Corporation's current market strategy is to gain a larger share of the high-end toy market by integrating IBM's AI, nam

Ivan

Answer:

effectiveness

Explanation:

SmartToy has proven in this new toy line its effectiveness, as it has proven its ability to reach the desired result with a great success degree. The new IA was a bet, and a risky one. However, betting on a new technology raised that toyline quality to a new level and resulted in so much success in the market that the market share increases fivefold. That alone corroborates the company's effectiveness.

4 0

3 years ago