Answer:
a) will
d) crystal
Explanation:
Please find the information needed to answer this question in the attached image
Willingness to pay is the highest amount a consumer would be willing to buy a product. If the price of the good is below the willingness to pay, the consumer would purchase the good.
The three beachfronts were sold to Alyssa, Tim and Brian.
The new sale of the beachfront at $535,000 would be sold to crystal because her willingness to pay ($550,000) is higher than the price of the beachfront.
the consumer surplus from the purchase would be $550,000 - $535,000 = $15,000
Answer:
Goal formation is a process of how a goal is initiated or added to, while goal displacement is a process whereby goals are shifted out, changed, toned down or removed from the original set.
Answer:
The correct answers are:
a) A. An economy's price level.
b) A. As the price level rises, firms expand their production because they can sell their output for more money.
Explanation:
On the one hand, in this type of economic model, the aggregate supply and demand represent the economy's price and quantity level regarding the output of the country as a whole. Therefore that in the vertical axis of the diagram the curves measures the price level of the economy and in the horizontal axis the curves measure the output that the economy produces at that given price.
On the other hand, the slope of the aggregate supply is upward because of the same reason as it is in the supply curve, because of the law of the supply, that states that there is a direct relationship between the price of the good an its quantity offered. Thefore that when the price level rises the firms will produce more because they can sell their production at a higher price.
Many times, a large company can undersell small retailers because their operating costs are much lower. Larger companies have figured out how to keep their product costs lower by mass producing and have the money to heavily market the area. Due to them being able to lower costs, they are able to sell their items for less than the small retails who have more money invested in the cost of their product.
<span>The answer is A . Forming relationships is the most important thing about meeting new contacts.</span>
