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Nezavi [6.7K]
3 years ago
9

Price is the _____________ a consumer is willing to make to acquire a specific product or service.

Business
1 answer:
vfiekz [6]3 years ago
3 0

Answer:

Overall sacrifice

Explanation:

Price is associated with the amount of money that a consumer have to pay to purchase a articular product. Overall sacrifice is that amount of money which is sacrificed by the consumer to acquire a particular product or service. Price of the product is set by the seller in the market and it is totally depends upon the willingness of the consumer to buy the product at the prevailing prices or not.

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Why would having information be a requirement for a purely competitive market?
dusya [7]

Answer:

To no the prices of goods and service and to buy stuff at low prices.

Explanation:

A purely competitive market is a situation where multiplier sellers have homogeneous products. The availability of the information is very important in a purely competitive market in order to decide how many sellers are selling the same product and from where an individual can buy products at low prices. Availability of information means, no seller can earn abnormal profits.

6 0
3 years ago
If the currency in circulation is $100 million, checkable bank deposits are $500 million, savings deposits are $300 million, and
andreyandreev [35.5K]

Answer: $610 million

Explanation:

M1 includes currency in circulation, checkable bank deposits and traveler's checks.

M1 = $100 million + $500 million + $10 million = $610 million

Savings deposits is part of M2

4 0
3 years ago
For a closed economy, gdp is $18 trillion, consumption is $13 trillion, taxes are $2 trillion and the government runs a deficit
Yakvenalex [24]

Answer:

$3 trillion and $2 trillion, respectively

Explanation:

Private savings in (Income - Taxes) -Consumption

National/Public Savings are (taxes - expenditures)

7 0
2 years ago
If 25% of the common stock of an investee company is purchased long term investment the appropriate method of accounting for the
Lina20 [59]

Answer:

b. the equity method.

Explanation:

The equity method is used when the investor company will own approximately 20% to 50% of the common stock of the investee company. This method is used because the investor company will have significant influence over the actions taken by the investee company. The investee company will generally be considered an affiliate company, but not a subsidiary.

8 0
2 years ago
Why is career and technical education supported by the government?
OLga [1]
I think the correct answer should be B. Because it prepares students for jobs
5 0
3 years ago
Read 2 more answers
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