what is the term that refers to the functions used to move products through the channel to the consumer?

The English economist David Ricardo argued that Group of answer choices None of the answers is correct grain prices were high be

Andrei [34K]

Answer:

land rents were high because grain prices were high..

Explanation:

grain prices were high because land rents were high.

land rents were high because grain prices were high.

grain prices were high because land rents were low.

land rents were high because grain prices were low.

none of the above

David Ricardo was a classical economist known for various economic theory. Some of his theories include :

Labour Theory of Value
Ricardian Equivalence
Theory of comparative advantage
Theory of rent

Theory of rents

David Ricardo defined rest as the part of the produce of an agricultural land that is paid to the landowner for the use of the land. He postulated that benefits of an increase in prices of grain accrue to land owners in the form of rent

He used this theory to answer a question that arose during the Napoleonic wars (18.05-1815) when there was a great increase in corn and land prices. The question was : Did the rise in land prices raise the price of corn or did the high price of corn increase the demand for land and led to an increase in the price of land ?

5 0

3 years ago

Today, Jamie, a police officer with a big-city force, apprehended a suspect fleeing the scene of a convenience store robbery. Th

valkas [14]

Answer:

The correct answer is E

Explanation:

Adaptive task performance usually acknowledged as the adaptability, which is comprise of the employee responses to the task demands that are unusual, novel or very least or unpredictable.

It involves such behaviors handling the crises or the emergencies situation or circumstances.

So, in this case, Jamie, the police officer suspect scene of store robbery and the suspect ran and other officer arrived on the scene and take him down. Later, the Jamie state the situation to family and this is an example of adaptive task performance.

8 0

3 years ago

Linda purchased a washing machine and dryer set for $1,299 on a deferred payment plan. She needs to pay $80

lisov135 [29]

Answer:

In six months, Linda will pay : $480

Final payments :$819

Explanation:

The monthly payments are $80 for six months.

For six months, Linda will have paid $80 times six months

=$80 x 6

=$480

The amount for her final payments will be the total of the two items minus the installment payments

=$1,299 - $480

=$819

7 0

3 years ago

For each of the following pairs of goods, state whether the cross-price elasticity is likely positive, negative, or zero. Explai

ioda

Answer:

a. Hulu and Netflix.

Positive. They are close substitutes

Hulu and Netflix both provides television shows, so a consumer can choose between them. They are good substitutes

b. Tortilla chips and salsa.

Negative. They are complements.

Tortilla chips are consumed with salsa sauce. So a demand for salsa increases so does demand for tortilla chips.

c. Movie and popcorn.

Negative. They are complements.

The more people watch movies the more they will want to buy popcorn.

d. Running shoes and high heels

Close to zero. While they are substitutes they are not close substitutes.

Each has its own time of use. Consumers by them independently.

Explanation:

Cross price elasticity is a measure of the quantity demanded of one good to changes in price of another good.

So when a good's demand reduces with increase in price of another it is negative cross price elasticity. This is common with complements.

When quantity demanded of a good increases with increase in price of another, they are substitutes.

However when there is little effect on the quantity demanded with increase in price of the other good they are unrelated

4 0

3 years ago

which of the following will cause an increase in producer surplus? a. the price of a substitute increases b. buyers expect the p

AleksandrR [38]

The following will cause an increase in producer surplus is <u>the price of a substitute increases</u>.

What is surplus?
The amount of an asset as well as resource that is over the amount that is being actively used is referred to as a surplus. Income, profits, capital, and goods are just a few of the numerous things that can be referred to as a surplus. A surplus in the context of inventories refers to items that are still unsold and on store shelves. When income is earned and expenses are paid, there is a surplus in a budget. When there is excess tax revenue once all government programmes have been fully funded, governments can also experience a budget surplus. It's not always preferable to have a surplus. For instance, a producer who overestimates future demand for a particular product might produce too many unsold units, which could subsequently contribute to quarterly as well as annual financial losses.

To learn more about surplus
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7 0

1 year ago