1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Andreyy89
3 years ago
15

What happens when sellers compete with other sellers to meet consumer's demands, and consumers compete with other consumers to f

ind the goods with the lowest cost and the highest quality? Multiple select question. Markets are efficient. Markets are competitive. Markets are regulated.
Business
1 answer:
Marrrta [24]3 years ago
6 0

Answer:

Markets are competitive.

Explanation:

In the competitive market, the number of sellers competed with each other in terms of prices, quality, maximize the market share.

In the given situation, various sellers are competed with each other for meeting out the consumer demands also at the same time it offers the goods at lowest cost and highest quality so that it capture the whole market

Therefore the second option is correct

You might be interested in
Verizon is running two TV ads to attract new customers. Ad A is run once a week, and it costs $20 per showing. Ad B is run once
maria [59]

Answer:

TRUE The Statement is correct

Explanation:

We need to add up both advertizement contract to knwo the total acquisition cost of the advertizement.

<u>First contract cost:</u>

365 daysper year / 7 dayts per week = 52 week per year

52 week per year x $20 dolllar per weke = $1,040

<u>Second contract cost:</u>

12 months per year x $100 per month =       $1,200

Total acquisition cost: 2,240

4 0
3 years ago
Suppose that the federal government places a binding price floor on chocolate. To help support the price floor, the government p
Pavlova-9 [17]

Answer And Explanation:

a) Quantity of chocolate demanded by consumers will decrease

This is because there is a minimum price which makes product more expensive. The higher the price, the less the quantity demanded

b) Quantity of chocolate supplied by producers will increase

This is because price has increased with the government's price floor. The higher the price, the higher the quantity supplied.

c) Quantity of chocolate purchased by the government will increase

This is because there is surplus supply and therefore government would need to buy more to support the price floor and buy leftover chocolates in the market

7 0
3 years ago
g Consider the following two separate events for a company during the year: 1. Gain on sale of investments = $10. 2. Unrealized
Nina [5.8K]

Answer:

B.) Net income = $10; Comprehensive income = $30.

Explanation:

The computation and effect of these two events increase net income and comprehensive income is shown below:

Since there is a gain on sale of investment so it increased the net income

So the net income would be increased by $10

And, there is an Unrealized gain on investment from an increase in fair value of $20

So, the comprehensive income increased by

= $10 + $20

= $30

Hence, the correct option is B

7 0
3 years ago
Fragmental Co. leased a portion of its store to another company for eight months beginning on October 1, at a monthly rate of $8
Georgia [21]

Answer:

A debit to Unearned Rent and a credit to Rent Earned for $2,400

Explanation:

When cash is collected in advance for revenue from lease, the revenue will not be recorded as revenue until the lease service has been performed. Hence the cash collected in advance will be recorded as

Debit Cash  $6,400

Credit Deferred revenue  $6,400

Being cash collected on October 1 for lease to run for 8 months.

Between October 1 and December 31 is 3 months.

Hence, amount earned

= $800 × 3

= $2,400

To recognize this amount, Debit Unearned/Deferred revenue, credit revenue with the amount earned.

4 0
3 years ago
Your review of the ledger reveals that each account has a normal balance. You also discover the following errors. 1. The totals
Oksi-84 [34.3K]

Answer:

Debit side $29,660

Credit side $29,660

Explanation:

Preparation of a correct trial balance

DOMINIC COMPANY

Corrected Trial Balance May 31, 2015

DEBIT SIDE

Cash $5,023

($5,050 +$450 - $477)

($530-$53=$477)

Accounts Receivable $2,030

($2,570 - $540)

Prepaid Insurance $930

($830 + $100)

Supplies $450

Equipment $12,750

($13,200 - $450)

Salaries and Wages Expense $4,530

($4,330 + $200)

Advertising Expense $1,447

($970 + $477)

($530-$53=$477)

Utilities Expense $900

($800 + $100)

Dividends $1,600

TOTAL $29,660

CREDIT SIDE

Accounts Payable $5,510

($5,700 - $100 + $450 - $540)

Unearned Service Revenue $690

Common Stock $14,500

($12,900 + $1,600)

Service Revenue $8,960

TOTAL $29,660

Therefore the CORRECTED TRIAL BALANCE will be:

Debit side $29,660

Credit side $29,660

6 0
2 years ago
Other questions:
  • Which of the following sentences uses correct punctuation​
    5·1 answer
  • Why private limited companies in malaysia does not get listed in the stock exchange?​
    14·1 answer
  • Your opinion is that security C has an expected rate of return of 0.106. It has a beta of 1.1. The risk-free rate is 0.04 and th
    6·1 answer
  • To distinguish those combinations of goods and services that are affordable from those that are​ not, households need informatio
    12·2 answers
  • Charlie the cat stole $20 from his cat mom. He's planning on spending the money he stole on catnip (Q1) and dental treats (Q2).
    9·1 answer
  • Four years ago, a popular sandwich company used to sell 12-inch roast beef subs for only $5.49, but the same product now sells a
    14·1 answer
  • You manage marketing for a small business on a tight budget, yet you need to reach as many people as possible. How can Google Ad
    7·1 answer
  • Prepare the journal entries to record these transactions on Wildhorse Co.’s books using a periodic inventory system. (If no entr
    5·1 answer
  • a. A challenging job at an organization that raises the bar in data security b. An entry-level position in the marketing area wi
    8·1 answer
  • Sam visits Mexico for a business meeting. At the meeting, Sam addresses the vice president of the firm by his first name rather
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!