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VLD [36.1K]
3 years ago
7

Describe the relationship between an individual consumer's demand and market demand

Business
1 answer:
nordsb [41]3 years ago
3 0
Market demand is what everyone wants in that group. a consumer is what that person or two people wants.
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In 2005, Clear Channel (an owner of multiple popular radio stations) spun off concert promoter Live Nation into an independent c
lana [24]

The statement the price of radio programming should fall is false.

<h3>What is Complements-in-consumption </h3>

Complements in consumption can be defined as the way in which two or more product complement each other when use of consume together or when use jointly.

Hence, Based on the scenario the statement is false because assuming the both music radio ,and concert are complements in consumption the price of radio  programming will not fall.

Learn more about Complements in consumption here:brainly.com/question/12194202

#SPJ1

3 0
2 years ago
2545858597<br><br>uid of ff gyezz​
Alex17521 [72]

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3 0
3 years ago
A firm pays Pam $40 per hour to assemble personal computers. Each day, Pam can assemble 4 computers if she works 1 hour, 7 compu
kherson [118]

Answer:

$1,840

Explanation:

In order to calculate the Marginal cost of producing the computers in 2nd hour of work, we need to add the marginal cost of computer and marginal cost of wage in the 2nd hour of work.

MC = MC(computers) + MC(wage)

MC = $1,800(w) + $40

MC = $1,840

Working

MC (computers ) = 3 x 600$ = $1,800

                hour        computers assembled

                    1st                        4

                    2nd                      7

If pam works 2 hours she can assemble 7 computers but she already assembled 4 computers in 1st hour.

So the 2nd-hour computers will be 3 ( 7 - 4) computers.

4 0
3 years ago
Assume the following information from a schedule of cost of goods manufactured:
Evgesh-ka [11]

Answer:

The manufacturing overhead applied to work in process is:

D. $79,000

Explanation:

a) Data and Calculations:

Beginning work in process inventory          30,000

Direct materials used in production            50,000

Direct labor                                                   60,000

Total manufacturing costs to account for 219,000

Manufacturing overhead applied to WIP   79,000 (219,000 - 140,000)

Ending work in process inventory              72,000

b) The manufacturing overhead applied to Work in Process is the difference between the total manufacturing costs to account for and the costs of beginning work in process, direct materials, and direct labor for the period.  When the ending work in process is deducted from the total manufacturing costs, the resulting figure represents the cost of goods transferred to finished goods inventory.

3 0
3 years ago
Professional organizations and producer groups have an incentive to a. encourage advertising in order to enhance competition on
Ivanshal [37]

Professional organizations and producer groups have the incentive to restrict advertising in order to reduce competition on the basis of price.

Advertising has the power to influence the tastes of the consumers of a product. Effective restrictions on advertising also helps to raise the profit that a business makes.

It does this by the reduction of price sensitivity and also leading to a fall in the number of competitive firms.

Read more on brainly.com/question/16970709?referrer=searchResults

8 0
2 years ago
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