Financial assets are priced via the balance of supply and demand.
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What do the terms supply and demand mean?</h3>
- Supply and demand is an economic theory that describes how prices are set in a market in microeconomics.
- In a competitive market, it is hypothesized that all else being equal, the unit price for a specific good or other traded goods, such as labor or liquid financial assets, will fluctuate until it settles at a stage where the quantity demanded (at the current price) will equivalent the quantity supplied (at the current price), resulting in an economical equilibrium for price and quantity transacted.
- It is the theoretical cornerstone of contemporary economics.
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It does not necessarily count as public good because a camp ground is not a good method of showing importance of the national park as the park is open to the public and should be respected in any means possible as they are open to the public and having it as a campground is not a way of showing its importance.
The results of the survey will most likely suffer from wording bias.
Wording bias:
Wording bias, also called question-wording bias or “leading on the reader” (Gerver & Sgroi, 2017) happens in a survey when the wording of a question systematically influences the responses (Hinders, 2019).
Is wording bias a type of response bias?
Wording bias can come into effect here as well
This type of bias influences the entire gamut of responses from individual or multiple participants.
For instance, if the researcher knows the participant personally, even greeting them in a friendly manner can have a subconscious effect on the responses.
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Answer:The minimum amount is the price that will give a profit of $3700
Explanation:
The minimum amount the company should accept for product X if it's to be sold at the split off point it's maximum amount they will earn as profit if they sales after further procession.
The total cost the company will incur if they process further it's the cost they incurred at the split off point and at further procession which equals ($16,800+$15,000) =$31,800
On sales after procession they will earn a price of $35500 which means a profit of $3700 this means the firm should sale product X at spilt off point for a price that will bring a minimum profit of $3700.
Some non-monetary costs of attempting to eliminate risks a are time costs, search costs, and psychological costs .
Non-Monetary cost is a cost which a buyer pays other than money, to acquire a thing.The non-monetary price of acquiring a product comprises the time spent looking for it and the risk taken that it will provide the desired benefits.
Non-monetary costs are another type of sacrifice that customers feel when they purchase and use a service. When deciding whether to purchase a service or repurchase it, time costs, search costs, and psychological costs are frequently taken into consideration and may occasionally be more significant considerations than monetary price.
The psychological expenses associated with receiving these services are the most distressing non-monetary charges. Fear of rejection (bank loans), fear of not understanding (insurance), and worry of uncertainty (including fear of high cost) are all examples of fears.
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