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Komok [63]
3 years ago
13

What happens to the demand for

Business
1 answer:
Ket [755]3 years ago
7 0

Answer:

Demand decreases

Explanation:

Substitute goods are products that can be used in place of each other. Goods are described as substitutes if a customer can use them interchangeably and get equal or almost the same satisfaction. Tea and coffee will be substitutes if a customer can consume either of them and be happy.

If the price of a substitute good declines, customers will prefer consuming it instead of the other product. The other product's demand will decrease due to a change in customer preferences as a result of a lower price.

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A Coase solution to a problem of externality ensures that a socially efficient outcome is to internalize the externality through
ANEK [815]

Answer: Maximize joint welfare in respective or the right owner.

Explanation: A coase solution to a problem of externality insures that a socially efficient outcome is to maximize the joint welfare, irrespective of the right of ownership.

The Coase theorem states that when transaction cost are low, two parties will be able to bargain and reach an efficient outcome in the presence of an externality.

8 0
3 years ago
Suppose the total number of minutes provided exceeds the total number of minutes estimated and that the total dollar cost of the
Margarita [4]

Answer:

C) In at least one of the higher technical levels ,more minutes being provided than budgeted.

Explanation:

For such discrepancy to exist ,it means the minutes dictates the effect of the dollar.

5 0
3 years ago
A company has a unit contribution margin of $80 and a contribution margin ratio of 50%. what is the unit selling price?
lora16 [44]

If a company has a unit contribution margin of $80 and a contribution margin ratio of 50%. Then its unit selling price is $160 therefore option (d) is the correct answer.

Contribution margin, or dollar contribution in keeping with the unit, is the selling fee in step with the unit minus the variable price in line with the unit. "Contribution" represents the portion of sales that isn't eaten up by variable prices and so contributes to the coverage of fixed fees. The contribution margin is computed because of the promoting charge per unit, minus the variable value according to the unit. Additionally known as greenback contribution per unit, the measure indicates how a specific product contributes to the general income of the business enterprise.

To calculate the unit selling price use the formula

Unit selling price = contribution margin / contribution margin ratio

Unit selling price = $80 / 50%

Unit selling price = $160

Therefore option d) $160 is the correct answer

The contribution margin ratio of a business is the same as its revenue much less all variable fees, divided by means of its sales. It represents the marginal gain of producing one more unit.

Learn more about the Contribution margin here brainly.com/question/24881206

#SPJ4

3 0
2 years ago
chase lives in oregon but works for a company in florida. what business trend is this an example of?
xxTIMURxx [149]
Remote Workforce. Apex:)
3 0
3 years ago
Read 2 more answers
Which lists the Business, Management, and Administration careers in order from highest level of education typically required to
Rama09 [41]

Answer:

Operations Research Analyst, Accountant, Data Entry Clerk, Intern

Explanation:

Most employers insist that operations research analysts have a master's degree. In practice, one needs a minimum of a bachelor's degree to become an operation research analyst. Most accountants attend college have a bachelor's degree, although it's not mandatory.

Interns are mostly college students. Since they have not graduated, they should have the least educational qualification, followed by clerks.

5 0
3 years ago
Read 2 more answers
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