Answer:
1) The cupcakes are being sold below their equilibrium price
3) The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes.
4) The bakery is not using price as the only means of allocating cupcakes to its customers.
.Explanation:
at equilibrium price, quantity demanded equals quantity supplied and there would be no excess demand as in the case of the bakery.
The customers who receive cupcakes are the customers with the highest willingness to pay for cupcakes because these consumers are willing to lineup for these cupcakes.
the bakery also allocates the cupcakes by time. the cupcakes are usually only available within a specific time
The very first thing to do when conducting any study or in
this case a market research is to “define the problem to be researched”. There
is no point in doing a study when we don’t have a clear goal of what to
question to answer. Therefore this must be what the teams need to do.
Answer:
<span>“define the problem
to be researched”</span>
Externality is divided into 2 parts:
External Cost or External Benefit.
It is either a cost or benefit incur to someone who did not choose to incur that cost or benefit
For eg:A stone crusher incur external cost which is pollution that affect people living nearby.
Answer: There has been an economic growth in our society.
Explanation: Economic growth refers to a situation when the individuals and firms in the economy gets more commodities for their consumption.
When economic growth occurs the capacity of the economy increases in respect of production. Hence the total production increases over time leading to high demand and supply in the market.
Thus, the more usage of commodities like car and air conditioners is an evidence of economic growth.
The price of the new bonds given the face value and interest rate is $8,928.57.
<h3>What is the price of the bonds?</h3>
Bonds are debt instruments issued by a firm with the purpose of raising capital to carry out projects. The price of the bonds can be determined by discounting the face value of the bonds by the interest rate.
The price of the bonds = face value of the bonds / ( 1 + interest rate)
$10,000 / (1.12) = $8,928.57
To learn more about bonds, please check; brainly.com/question/8917277