The correct option is C. The price of a product is set where both buyers and sellers are satisfied that phrase describes the market equilibrium.
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What is the difference between market price and equilibrium price?</h3>
Demand and supply are interdependent, and this relationship determines market pricing. Demand and supply forces are balanced at an equilibrium price. Prices have a propensity to return to this equilibrium unless certain demand or supply characteristics alter.
The price at which the quantity of supply and demand is balanced is known as the equilibrium price. The point where the demand and supply curves cross is what determines it. There is a surplus when there is more supply of an item or service than there is demand for it at the going rate; this forces the price down.
Thus, C is the right answer. The market equilibrium is defined as the price of a good being determined at which both buyers and sellers are content.
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Carly’s actions could be considered to be clearly legal
though they are ethically uncertain. It means that her actions are legal, she
is not doing any harm towards the people who wants to have the job or she did
not break any law though it is ethically uncertain because the way she hires
them because of her findings is not something to be certain or whether it
should be applicable.
Answer:
D). Resale, Direct Use in Producing Other Products and Use in General Daily Operations
Explanation:
Business Groups represent a group of people who purchase goods and services for resell, new products and daily operations purposes.
Resale Purpose- This include wholesalers and retailers, they purchase these goods and services do not modify them but sell them in order to make profits. These are called Reseller markets
Use in Producing other Products- This include category of Producer markets. They include manufacturing and construction compaines, they buy goods and services for use in producing sellable products to consumers for profit making.
Direct use in General Daily Operations- Those who purchase goods and services for direct use are divided into two categories and they are not for profit making purposes.
- Government Markets- They buy goods and services through bidding processes and they include state, local and federal governments
- Institutional Markets- They include religious organisations among other NGOs who purchase goods an services to ensure community benefits.
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Direct material
0.1×40
=4
Direct labor
12×0.25
=3
Manufacturing overhead
18×0.25
=4.5
the total standard cost for one unit of product is
4+3+4.5=11.5....answer
Predatory lending is lenders and loan processors giving out incorrect, unfair and fraudulent information and practices with those applying for a loan. When you are a victim of predatory lending, you are signing and agreeing to pay something over what you can afford and the lender is pushing you to do that even when they know you are unable to afford it.