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son4ous [18]
4 years ago
11

When the demand for automobiles is high, the demand for workers who build automobiles is high. This relation between the market

for automobiles and the market for the labor that builds automobiles is why demand in a factor market is called:_________
Business
1 answer:
Bad White [126]4 years ago
3 0

Answer:

Derived demand

Explanation:

Derived demand is the  demand for a factor of production  or an intermediate good used in the production of the final good.

If automobiles were not being produced, there would be no demand for labour. so, the demand for labour is dependent on the automobiles being produced. this is an example of derived demand.

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The advantage that focused companies have over their broad market rivals is that they: a. can sell on non-price factors, such as
Lapatulllka [165]

Answer:

The answer is "C"

Explanation:

Sell fewer products in bulk to outsell their rivals.

This will help the company swell their products bit by bit but in a more effective way reaching out to the end users(consumers).

5 0
4 years ago
Consider a scenario where the demand is estimated to be represented by the following equation: ,
Tcecarenko [31]

Answer:

Option (A) is correct.

Explanation:

Qx = 1000 - 10Px + 0.1I + 10Py

Suppose income of the consumer and the price of good x remains constant at

I = $100

Px = $10

Initial price of good y, Py = 10

So,

Qx = 1000 - 10(10) + 0.1(100) + 10(10)

     = 1000 - 100 + 10 + 100

     = 1,010 units

If price of good y increases to $20, then,

Qx = 1000 - 10(10) + 0.1(100) + 10(20)

     = 1000 - 100 + 10 + 200

     = 1,110 units

This will results in an increase in the quantity demanded for good x which shows that there is a positive relationship between the price of good y and quantity demanded for good x.

This indicates that good x and good y are substitute goods.

5 0
3 years ago
A restaurant has fixed costs of $53,400 for the month of March 0006. The average check is $12.95, with an average variable cost
SashulF [63]

Answer:

9587 orders are needed to achieve breakeven sales revenue for March' 06  

Explanation:

Break Even Point is where firm earns Total Revenue (TR)  equal to its total cost (TC)

  • Total Revenue = Average Revenue or Price x Quantity ;
  • Total Cost = Total Fixed Cost + Total Variable Cost

Let quantity i.e unit of sales revenue be = x

Above 2 formulas & ; Total Variable Cost = Average Variable Cost x Quantity implies :-

12.95x = 7.38x  + 53400

12.95x - 7.38 x = 53400

5.57 x = 53400

x = 53400 / 5.57

x = 9587

6 0
4 years ago
Ruby is 25 and has a good job at a biotechnology company. She currently has $10,000 in an IRA, an important part of her retireme
kirill115 [55]

Answer:

a. How much will Ruby’s IRA be worth when she needs to start withdrawing money from it when she retires?

the future value of Ruby's IRA = $10,000 x 21.725 (FV factor, 8%, 40 periods) = $217,250

b. How much money will she have to accumulate in her company’s 401(k) plan over the next 40 years in order to reach her retirement income goal?

she needs to accumulate $875,000 - $217,250 = $657,750 during the next 40 years

the annual contribution = FV / FV annuity factor = $657,750 / 259.057 (FV annuity factor, 8%, 40 periods) = $2,539.02 per year

6 0
3 years ago
if kono makes a particular choice, his utility, on average, is his: total well-being. middle utility. expected utility. normal w
RideAnS [48]

If Kono makes a particular choice, his utility, on average, is his expected utility.

In regular language, an average is a unmarried number taken as consultant of a listing of numbers, usually the sum of the numbers divided by means of how many numbers are inside the list (the mathematics mean). for example, the average of the numbers 2, three, 4, 7, and nine (summing to 25) is five. depending at the context, a median is probably another statistic which include the median, or mode. for instance, the common private profits is often given as the median—the number below which might be 50% of personal earning and above that are 50% of personal earning—because the imply might be misleadingly excessive via consisting of non-public earning from a few billionaires.

Learn more about average here

brainly.com/question/1136789

#SPJ4

3 0
1 year ago
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