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zloy xaker [14]
2 years ago
13

True/False

Business
1 answer:
saw5 [17]2 years ago
5 0
I think false but I don’t know
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The largest expenditure component of gdp is:
kenny6666 [7]
Goverment spending is the ansewer i belive
5 0
3 years ago
A ________ is a person, household, or company that over time yields a revenue stream that exceeds by an acceptable amount the co
Darya [45]

Answer:

profitable customer

Explanation:

A profitable customer of a business enterprise is any economic agent which include individuals, firms and government for which the revenue generated from servicing or supplying them goods and services exceeds the entire cost incurred in providing such service or goods.

A successful business is one that is able to maintain a data base and record of all the customers and identify the profitable ones so as to concentrate on them to achieve maximum profit.

6 0
3 years ago
A public good rev: 04_09_2018 Multiple Choice generally results in substantial negative externalities. can never be provided by
DochEvi [55]

Answer:

cannot be provided to one person without making it available to others as well.

Explanation:

A public good is a good that is non excludable and non rivalrous. It cannot be  provided to one person without making it available to others as well. If one person is using it, it does not stop other people from using it also. An example of a public good is roads.

Public goods contrasts with club goods and private goods

A club good is a type of public good. It is excludable but non-rivalrous. For example paid streaming services are an example of a club good. Those who do not subscribe are excluded from using the service. But all subscribers have equal assess to the service

A private good is a good that is excludable and rivalrous.e.g. a privately owned car

6 0
2 years ago
Which of the following is NOT a characteristic of long-run equilibrium for a perfectly competitive firm? Select one:
adelina 88 [10]

Answer: <u>"b. Price is greater than long-run average cost."</u> is NOT characteristic of long-run equilibrium for a perfectly competitive firm.

Explanation: In the long term the company will produce the output level at which long-run average cost is at its minimum.

Where the price is equal to the long-run marginal cost and the long-run average cost.

3 0
3 years ago
Suppose the government enacts a price floor on milk, which leads to a surplus in the market. How will the government then attemp
Anna [14]

Answer:

Price Floor led Excess Supply can be solved by : Preserving goods Buffer Stock ; or processing goods to increase their shelf life (in case of perishable goods like Milk)

Explanation:

Unregulated markets are at equilibrium where : market demand , market supply are equal ; and downward sloping demand curve , upward sloping supply curve intersect.

Price Floor is minimum mandated price set by government, below which a good can't be sold in the market. It is usually set above equilibrium price, to protect interest of sellers. Example : Minimum Support Price as minimum agricultural  goods price to protect interest of farmers, Given Milk Price floor case.

Price Floor creates artificially higher prices ; so increases supply, decreases supply & hence creates Excess Supply. Government can solve this excess supply by preserving stock supply for contingent times , eg -  maintaining buffer stock. If the good is of perishable nature, as given milk case : it should be processed further to increase its shelf life, eg - cheese, such that the stock supply can be released at a slower pace.

3 0
3 years ago
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