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3 years ago

If consumer sovereignty is considered greatest in a system of pure competition, why is sovereignty still limited?

Business

2 answers:

Dmitry [639]3 years ago

7 0

<h3>Answer:</h3><h2>An individual consumer’s wishes might not adjust with the bulk.</h2>

“Consumer sovereignty” is one of those ideas that increase and are internationally important long before they are explicitly identified and named. Much of the material of customer sovereignty is mentioned in Adam Smith. The centre of consequent classical business on the cost of making as the basic determinant of market decisions tentatively sidetracked this importance.

Talja [164]3 years ago

6 0

Limits to consumer sovereignty can be the price set by producers on their goods and services. There is also competition on which goods one can purchase. You also have to consider the purchasing power of the consumer. Consumers can only buy what the best products that they can afford.

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An apartment building contains twenty units. Each unit rents for $900 per month. The vacancy rate is 5%. Annual expenses are $17

expeople1 [14]

Answer: 12.48%

Explanation: Rate of Return (RoR) refers to the net profit or loss on an investment over a specified period expressed as a percentage of the investment's initial cost.

Number of apartment = 20

Monthly rental = $900

Vacancy rate = 5%

Annual expenses :

$17,500 - maintenance fee

$7,200 - Insurance

$7,500 - taxes

$6,400 - utilities

$7,500 - mortgage debt

10% of gross effective income- management fee

$1,170,000 - initial investment.

Gross income = 20*$900*12 = $216,000

Vacancy rate = 0.05*$216,000 = $10,800

Effective gross = gross income - Vacancy rate = $205,200

Management fee = 0.1 * $205,200 = $20,520

Total annual expenses = $20,520+$7,500+$7,200+$6,400+$17,500 = $59,120(excluding mortgage debt)

Net profit / loss = effective gross income - total annual expenses.

Net profit /loss = $205,200-$59,120 = $146,080.

RoR = Net profit/loss ÷ initial investment

RoR = ($146,080 ÷ $1,170,000) * 100

0.1248 * 100 = 12.48%

7 0

4 years ago

With the annual demand of 2,400 units, daily demand of 10 units, and daily production rate of 40 units, a company has determined

Inga [223]

Answer:

C. 30

Explanation:

given that:

Daily demand = 10 units

Starting Inventory Level = 40 units

Inventory Level at the end of the day if production starts = 0

The number of units that would actually be there in the warehouse at the end of first day of production = 40 units - 10 units

= 30 units

Therefore, There will be 30units in the warehouse at the end of the first day of production.

3 0

3 years ago

Top management of Drexel-Hall is considering closing Store 3. The three stores are close enough together that management estimat

Zarrin [17]

Answer:

Compute the increase or decrease that closing Store 3 should cause in: a. Total monthly sales for Drexel-Hall stores.

total monthly sales should decrease from $1,800,000 to $1,380,000 = a $420,000 reduction

b. The monthly responsibility margin of Stores 1 and 2.

store 1 responsibility margin increased from 10% to 12.55% (2.55% increase)
store 2 responsibility margin increased from 9% to 13.69% (4.69% increase)

c. The company’s monthly income from operations.

increased from $72,000 to $140,200 ($70,200 increase)

Explanation:

Store Store Total

1 2

Sales $660,000 $720,000 $1,380,000

Variable costs $409,200 $453,600 $862,800

Contribution margin $250,800 $266,400 $517,200

Controllable fixed costs $120,000 $102,000 $222,000

Performance margin $130,800 $164,600 $292,200

Committed fixed costs $48,000 $66,000 $114,000

Store responsibility margin $82,800 $98,600 $178,200

Common fixed costs $38,000

Income from operations $140,200

4 0

4 years ago

Can someone please help me ????????????

hoa [83]

It would be structural unemployment as the structure of the business is changing and modernising

6 0

3 years ago

Which of the following is not a determinant of a consumer's demand for a commodity?

uranmaximum [27]

Answer:

Law of Diminishing Marginal Utility

Explanation:

Demand refers to the volume of a product or service consumers are willing to buy at a given price over time. Demand is high when customers are willing to buy more of a product. Several factors influence the demand levels of a product. They include

Consumers preferences and tastes
consumers income
prices of related goods
consumer expectation on future prices
number of consumers in the market
Income distribution

The law of diminishing marginal returns associates the utility derived from an additional input while holding other factors constant. The law claims that the marginal utility of an input declines as its supply increases. It does not influence the demand for a product in any way.

5 0

3 years ago