Correct answer: "<span>C. a situation in which quantity demanded is greater than quantity supplied"
Shortage is also referred to as excess demand - meaning that there is a greater demand than what there is to give. The opposite concept would be economic surplus.
</span>Example: when the need for food in a certain village is greater than what is supplied or produced in that village, there a shortage of food.
Answer:
A) less of a public good than would be efficient.
Explanation:
The main characteristic of free markets is that the private participants (suppliers and consumers) decide how to allocate resources. They allocate resources in a way that their utility is maximized: suppliers maximize their profit while consumers maximize satisfaction. The problem with private goods is that they do not maximize profits for the suppliers, therefore, very few or no suppliers are willing to supply them resulting in a shortage.
<u>Answer:</u>
The first thing Gary should do is to "identify issues that need to be addressed".
<u>Explanation:</u>
Establishing business in the field of Alcoholic beverages, smoking materials, nicotine content products etc, is looked after from two dimensions by market: one who need it and the other who oppose it. The regulation of such business ideas in market or society is only acceptable when issues or barriers are rectified legally to overcome situation.
Such products should be promoted only after getting license from specified authorities, following the rule of packaging, labeling products according to rules and regulation which carry all mandatory information like composition, merits and demerits of using, warnings: regarding allergy, price, manufacturing and expiry dates etc.
Answer:
Explanation:
Given:
Product B1
#of setups 20
machining hours 4000
Orders packed 350
#of products manufactured 400
Setup dep overhead = 15,000
Machining dep overhead = 165,000
packing department overhead = 60,000
Overhead assigned to B1:
20/40 *15,000 = 7,500
4000/5000 *165,000 = 132,000
350/500 *60,000 = 42,000
Total = 181,500
According to your text, sales promotions such as free samples and point-of-purchase displays are designed to build. are called "Short-Term sales."
<h3>What is short term sales?</h3>
An property or stock that the seller doesn't own is sold in a short sale. The typical transaction involves an investor selling borrowed securities in expectation of a decrease in price; the seller is then obligated to deliver the same number of shares at a later date. A seller, on the other hand, holds a long position in the stock or asset.
Some characteristics of short term sales are-
- A stock that its an investor believes will lose value in the near future is sold short.
- A trader borrows shares on margin for a set length of time to complete a short sale, selling the stock when the price is attained or the period of time has passed.
- Because short sells restrict gains while amplifying losses, they are regarded as dangerous trading techniques. Additionally, they come with regulatory hazards.
- To be successful, short sales need to be timed almost perfectly.
To know more about short-term investment, here
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