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erma4kov [3.2K]
4 years ago
11

Jane has been working with some buyers for several weeks. She thinks they are really interested in one particular property, but

when she approaches them about it, the buyer says, "The price is too high." What would be a good response to that comment?
Business
1 answer:
Tema [17]4 years ago
5 0

Answer:

What do you think would be a fair price

Explanation:

Since in the question it is given that Jane is working with her some buyers for several weeks. At the time of approaching she ask the buyer to purchase the particular property but in response, the buyer answers the price is too high so she responded to the buyer about what buyer thinks about a fair price.  

After telling the fair price, the Jane will try to Convenience with the buyer so that he or she would purchase the particular  property

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During a period of high inflation, whDuring a period of high inflation, what government actions can preserve the value of money?
zmey [24]

Answer:

selling gold for use as an alternate currency

restricting the money supply by adjusting interest rates

7 0
3 years ago
When the price of oranges increases from $4 to $6 per bag, the quantity demanded of oranges decreases from 800 bags to 700 bags.
Natali [406]

Answer:

0.25

Explanation:

Percentage\ increase\ in\ price=\frac{6-4}{4}\times100

                                                          = 50%

Percentage\ Decrease\ in\ quantity\ demanded=\frac{800-700}{800}\times100

                                                          = 12.5%

Therefore,

price\ elasticity\ of\ demand=\frac{Percentage\ change\ in\ quantity\ demanded}{percentage\ change\ in\ price}

price\ elasticity\ of\ demand=\frac{12.5}{50}

                                                     = 0.25

Hence, the price elasticity of demand over this price range is equal to 0.25

6 0
3 years ago
QUESTION 4
Likurg_2 [28]
4) Trade-off

5) it might be "Their resources are limited"
6 0
3 years ago
The following information was compiled by Frank Ironman Incorporated:
Bumek [7]

Answer:

The correct option is D,$20,000 unfavorable

Explanation:

In the first place, it is noteworthy that fixed overhead flexible budget variance is the between the budgeted overhead cost and the actual fixed overhead incurred.

When actual fixed cost overhead is lower than budgeted,the resultant effect is a favorable variance,where the reverse is the case when the budgeted fixed overhead cost is higher as is the case here.

budgeted fixed overhead costs              $200,000

Actual fixed overhead costs                      ($220,000)

fixed overhead flexible budget variance  ($20,000) unfavorable

8 0
3 years ago
You are a manager for Herman Millera major manufacturer of office furniture. You recently hired an economist to work with engine
KIM [24]

Answer:

$4000  is the correct answer to the given question .

Explanation:

The marginal cost with compare to the labor can be written as

MC\ = \frac{dQ}{dL} \\MC =\frac{d\ ( 2(K)1/2(L)1/2\ )}{dL} \\\\MC=\frac{\sqrt{K} }{\sqrt{L} }

Here K=9 units  putting this value in the previous equation  we get

MC\ = \frac{\sqrt{9} }{\sqrt{L} }

MC=\frac{3}{\sqrt{L} }

We can find the value of labor by the given formula that are given below

V *MC=\ W\\400\ *\frac{3}{\sqrt{L} }\ =120\\ L=10

From the given question that are mention in question

Q = 2(K)1/2(L)1/2

Putting the value of K and L in the given equation we get

Q\ =2 * \sqrt{9} \ * \sqrt{100} \\Q\ = 60

So profit maximizing output is =$60 chairs as the chairs can be sold for  the $400 each so = $60 * $400 *10=$24000 chairs

As the competitive wage of $120 for 100 units as well as the total of $8,000 on the 9 units of capital equipment

=$20000

Therefore profit-maximizing level of output =$24000-$20000=$4000

6 0
3 years ago
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