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3 years ago

How do the choices consumers make impact business decisions?

Business

2 answers:

Rzqust [24]3 years ago

7 0

Answer:

Explanation:

ki77a [65]3 years ago

3 0

Answer: B

Explanation: Businesses are run by consumers, so the choices those consumers make will find their way into business decisions. b. Businesses can track the trends of what consumers are and are not buying, and will attempt to cater to the desires of those who provide them with profits.

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Once every __________, the census bureau does a comprehensive survey of housing and residential finance. month 5 years 10 years

amm1812

Hello,

Once every 10 years, the Census Bureau does a comprehensive survey of housing and residential finance.

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7 0

3 years ago

Carol Byrd gets a student rate of $30.00 a month for health insurance. There is a $250 deductible. She recently received treatme

e-lub [12.9K]

The company's payment = $1640,

Carol's total cost = $410.

<u>Given:</u>

Bill amount = $2300

Amount of deductible = $250

Remaining amount is given by:

=$2300-$250

=$2050

Since Carol's insurance company provided paid 80% of the bill less the deductible.

So, the Company's Payment is given by:

Company Pays 80% which translates to 0.8

Company Payment = 0.8*2050

Company Payment = $1640

Carol's total cost after the payment of company is given by

Carol pays = $2050 - $1640

Carol pays = $410

Hence, the company's payment was $1640, Carol's total cost was $410.

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2 years ago

The economic principle of ______ says that when there are two houses in the same neighborhood with the same size, appeal, and ut

Rina8888 [55]

The economic principle of substitution says that when there are two houses in the same neighborhood with the same size, appeal, and utility, the lower-priced one will tend to sell first.

<h3>The economic principle of substitution</h3>

According to the principle of substitution, the cost of purchasing a substitute that is just as desired tends to establish the upper limit of value, assuming no inopportune delays.
A shrewd investor would not spend more on an asset that generates income than it would cost to construct or buy an asset of a similar nature.
According to this theory, the cost of acquiring a comparable substitute property with the same use, design, and revenue determine the maximum value of a property in most cases.
For instance, why would somebody pay $1,000,000 for a home when they could pay $750,000 for a different but as appealing home in the same neighborhood?

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2 years ago

The price elasticity of demand for a good is likely to be less elastic __________.

mariarad [96]

Answer:

if a change in the price of the good brings about a much smaller change in the quantity demanded for the good.

Explanation:

<em>The price elasticity of demand is a measure of the change in the demand for a good in relation to a change in the price of the same good. </em>Mathematically, the price elasticity of demand for a product is represented as:

Price elasticity = change in the quantity demanded/change in price

The value of price elasticity of demand ranges from 0 to infinity. The price elasticity of demand is

relatively inelastic when the value is less than 1,
unitary elastic when it is equal to 1,
relatively elastic when it is greater than 1,
perfectly inelastic when it is equal to 0, and
perfectly elastic when the value is infinity.

<u>Less elastic price elasticity of demand is equivalent to relatively inelastic price elasticity. This thus means that the price elasticity of demand is less than 1; a percentage change in the price of the good brings about a disproportionately smaller percentage change in the quantity demanded for the good.</u>

4 0

3 years ago

The accounting records of Brownwood Company revealed the following information: Work in process inventory, Jan 1 58,000 Work in

ivanzaharov [21]

Answer:

$721,000 is correct

Explanation:

Cost of goods sold =754000 + 125000 -158000

=721,000

8 0

3 years ago