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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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Once a week, Smith purchases a six-pack of cola and puts it in his refrigerator for his two children. He invariably discovers th

MArishka [77]

Answer:

Jones purchases a six-pack of cola once a week for his two children, but unlike Smith, he tells them that each may drink no more than three cans.

Explanation:

Cost-benefit analysis is defined as a method to estimate all the costs involved and possible profits that can be achieved in a business opportunity.

Jones purchases a six-pack of cola once a week for his two children, but unlike Smith, he tells them that each may drink no more than three cans.

So, at Smith's house, there's always a chance that one of the siblings will drink the cola before the other.

Therefore,

cola can lasts much longer at Jones's house than at Smith's.

4 0

3 years ago

The third step of the interview process is:

Marta_Voda [28]

Answer:

The correct answer is letter "A": Wrap up the interview.

Explanation:

Job interviews have typically <em>three steps</em>: establishing a rapport, where the first personal impressions of the applicant are created; gathering information, where the academic and labor background is exposed and related to the job the applicant is attempting to get; and, the wrap-up, where the company exposes its opportunities for the applicant and the next steps on the process are explained.

5 0

3 years ago

For the current year ended October 31, Friedman Company expects fixed costs of $14,300,000, a unit variable cost of $250, and a

charle [14.2K]

Answer:

128,500 units

Explanation:

The computation of required to realize income from operations is shown below:-

Required sales in (units) = Target contribution margin ÷ contribution margin per unit

= (Fixed cost + target income from operations) ÷ (Selling price per unit - variable cost per unit)

= ($14,300,000 + 2,405,000) ÷ ($380 - $250)

= $16,705,000 ÷ $130

= 128,500 units

8 0

3 years ago

Item Skipped Item 10 Assume a company makes four products (A, B, C, and D) in a single facility. Data concerning these products

stellarik [79]

Answer:

The company should be willing to pay less than $4.20 for one additional minute of milling machine time.

Explanation:

a) Data and Calculations:

Product Product Product Product

A B C D

Selling price per unit $42.30 $50.00 $37.60 $33.50

Variable manufacturing cost per unit $20.80 $30.70 $21.00 $19.90

Variable selling cost per unit $2.70 $2.10 $1.00 $2.40

Total variable costs per unit $23.50 $32.80 $22,00 $22.30

Contribution per unit $18.80 $17.20 $15.60 $11.20

Milling machine minutes per unit 3.30 4.10 2.60 1.30

Contribution per minute $5.70 $4.20 $6.00 $8.62

Monthly demand in units 1,000 4,000 3,000 3,000

Minutes required 3,300 16,400 7,800 3,900

Best use of existing minutes 2,300 0 7,800 3,900

Additional minutes required 1,000 16,400 0 0

Total minutes required = 31,400

Minutes available = 14,000

Minutes to buy = 17,400

Lost contribution from:

Product A = (1,000 * $5.70 = $5,700

Product B = (16,400 * $4.20 = 68,880

Total lost contribution $74,580

Required time to produce lost contribution = 17,400

Estimated to pay for additional minute = $4.29 ($74,580/17,400)

3 0

3 years ago

"A registered representative has a customer, age 50, in the 35% tax bracket, who just sold his house for a 1-time gain. The cust

DiKsa [7]

Answer:

The earnings build tax-deferred during the 15 year period until retirement is the correct answer.

Explanation:

4 0

3 years ago