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inn [45]
3 years ago
5

If the current allocation of resources in the market for wallpaper is efficient, then it must be the case that

Business
1 answer:
Nadya [2.5K]3 years ago
5 0

Answer:

b. the market for wallpaper is in equilibrium.

Explanation:

Efficient allocation of resources means that the cost to produce the last unit of wallpaper and the benefit from that unit equals.

It must be the case that the cost of obtaining the product (which is equal to the benefit to the buyers) is the same as the cost of producing the product. That is the price.

The quantity where demand and supply meets in the equilibrium quantity (supply curve intersect demand curve)

That's the market equilibrium, where the price and quantity that buyers are willing to buy and suppliers are willing to sell is the same.

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Which of the following statements is correct? ACars typically lose the most value in the first year after purchase. BHouses will
VashaNatasha [74]

I believe the answer is: A. Cars typically lose the most value in the first year after purchase

As the miles usage in cars increase, the quality of the machine tend to deteriorate, which would lead to the decrease in the cars' value. On top of that, the new model that given by car companies tend to possess better technology/design. On average, cars tend to lose 15 - 25 % in value during the first year.

7 0
3 years ago
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A count of supplies indicated that $104 of supplies had been used.
tankabanditka [31]
It can be assumed that $104 worth of Supplies have been used?
7 0
3 years ago
The price that is set by the interaction of supply and demand for product is called the market price , true or false?!
DerKrebs [107]
 would say that it is true. But I'm not completely sure
5 0
3 years ago
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Match the following product types to the appropriate product development description. A. Entail unusually large uncertainties ab
agasfer [191]

Answer:

1. High-risk products.

2. Technology-push products.

3. Quick-build products.

4. Process-intensive products.

5. Platform products.

Explanation:

A. High-risk product: Entail unusually large uncertainties about the technology or market. The development process takes steps to address those uncertainties.

B. Technology-push product: A firm with a new proprietary technology seeks out a market where that technology can be applied.

C. Quick-build products: Uses a repeated prototyping cycle. Results from one cycle are used to modify priorities in the ensuing cycle.

D. Process-intensive product: The production process has an impact on the product properties. Therefore, product design and process design cannot be separated.

E. Platform products: Products are designed and built around a pre-existing technological subsystem.

5 0
3 years ago
The company evaluates all projects by applying the IRR Rule. If the appropriate interest rate is 9%, should the company accept t
Yuliya22 [10]

Answer: The project should be accepted.

Explanation:

The Internal Rate of Revenue is used to evaluate projects before they are accepted. It is a rate that equates the Net Present Value of cashflows to zero.

If the IRR is higher than the Required return then the Project will be accepted because it means that NPV will be higher than zero. The reverse is true.

Given the cashflows in the question, the IRR is;

= 18.8% according to Excel.

With the IRR higher than the required return of 8%, the project should be accepted.

4 0
3 years ago
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