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IrinaVladis [17]
3 years ago
11

"After a severe hurricane in South Carolina, the price of electric generators quadrupled. People living outside of South Carolin

a purchased electric generators in their home states and drove them to South Carolin a to sell at a much higher price. What is this an example of"
Business
2 answers:
Alona [7]3 years ago
5 0

Answer:

Arbitrage

Explanation:

Arbitrage occurs when the same good sells for different prices at different market. This price difference allows market participants to earn riskless profit .

In this case, the generator is more expensive in South Carolina when compared with other places. Thus, in order to earn riskless profit, people would buy where it is cheaper and sell at South Carolina where it is more expensive.

Economic theory suggest that if this kind of buying continues, soon the prices would be the same in both markets .

I hope my answer helps you

Vilka [71]3 years ago
4 0

Answer:

Arbitrage

Explanation:

Arbitrage is the act of buying and selling in order to make profit, this is done by differences of pricing in the different markets. Meaning that if goods are bought in one location and you carry it to another location to sell at a higher price. In the case of this question because of the hurricane the price of electric generators quadrupled because people buy outside South Carolina purchased and went to South Carolina to sell for a much higher price

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Explanation:

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= 4050 × ($7.50 - $4.50)

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3 years ago
​________ is the difference between the prospective​ customer's evaluation of all the benefits and all the costs of an offering
alisha [4.7K]

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Customer Perceived Value (CPV)

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2 years ago
Chris and Jordan are a two-person household. Chris's market hourly wage is $40, but Chris can also produce $20 of household prod
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Answer:

A. Jordan specializes in household production, while Chris specializes in marketplace work.

Explanation:

Chris and Jordan both can work for their household. The best way is to achieve maximum utility by using the combination of their skills. Chris can go for household work and Jordan can go for marketplace work. They both can use combination of their specialization to achieve maximum utility.

6 0
2 years ago
Suppose you've just inherited $10,000 from a relative. You're trying to decide whether to put the $10,000 in a non-interest-bear
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Answer:

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a

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= (10/100)%× $10,000

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4 0
3 years ago
Keystone predators can maintain species diversity in a community if they
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Answer:

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C) allow immigration of other predators.

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the correct option is B

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Therefore, by preying on a community's dominant species, keystone predators help to maintain the species diversity in the community, because they ensure that the dominant predators do not totally wipe out the various organisms present in the ecosystem.

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