Answer:
It allows producer to collect data to understand consumers demand.
Explanation:
The right to be heard allow consumers to give their opinion about various features that they like or dislikes.
By gathering this information , the producers of the good can make adjustment in order to make their product become more desirable within their consumer base.
Examples:
- Let's say that customers bought a certain game. They want additional gameplay to be added within the game in order to make the game more fun. The developer could add that in their next update in order to enhance their customers' experience.
- Or Let's say that the producers sells various types of instant noodles. The data from the customers showed that a certain type of flavour tend to be dislike an unpopular among customers. the producer could stop the production of that flavour and cut off their cost of production.
Answer:
In deciding how many hours to work, Beulah will make a choice that maximizes her utility; that is, she will choose according to her preferences for leisure time and income.
Explanation:
People obtain utility from products they purchase and they also obtain utility from leisure time (leisure time is the time not spent at work). Generally, for people with low wages react to a higher wage by supplying a greater quantity of labor but for higher wages people who can earn so much that respond to a still-higher wage by working fewer hours.
When purchasing a dishwasher a manager can tell if it is in compliance with the regulatory authority by? Appliances have to be compliant with federal regulations. To check if a dishwasher is in compliance, a manager can make sure there are NSF seals or ANSI certifications on the dishwasher.
Answer: $3,350
Explanation:
GDP is the addition of value of goods and service minus purchase of intermediate goods.
Formula to calculate value-added by each firm is shown below:
Value-added = Sales by Firm + Change in stock – purchase of raw material
Value added by firm A = $5 × 200 + 0 – ($250 + $200)
= $550
Value added by firm B = $7 × 300 + 0 – ($150 + $100)
= $1,850
Value added by firm C = $1,000 + 0 - $50
= $950
Economy's GDP = Value added by firm A + Value added by firm B + Value added by firm C
= $550 + 1,850 + 950
= $3,350
The value of GDP is $3,350
Answer:
$429.15
Explanation:
The computation of the adjusted balance of the bank balance is shown below:
= Balance shown in bank statement + outstanding deposits - one outstanding check - second outstanding check
= $409.90 + $160 - $58.53 - $82.22
= $429.15
while computing the adjusted balance we added the outstanding deposits and subtract the outstanding checks
