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pshichka [43]
3 years ago
11

"The big white house on the hill clearly" was different from any of the other homes in the subdivision. It had more rooms, a dou

ble lot, and a large oversized garage and the house was bigger than the smaller homes on either side of it. The homeowner decided to sell the home and was very surprised when the appraiser did not give him the value that he had expected. In this case, the appraiser used the principle of:
Business
1 answer:
Helen [10]3 years ago
4 0

Answer: Functional Obsolescence

Explanation:

Functional Obsolescence could be described as when a product is undervalued than what is expected due it's composed of outdated features.

Most very old homes are usually outdated. Innovation spring forth every day, especially in the area g homes, homes that are commercially rented are portable and have recent designs, but for homes that are not they may not be valued for what they should or what the seller expects. This is the scenario with homeowner.

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g The perfectly competitive firm's supply curve: Group of answer choices coincides with its perfectly elastic demand curve. is t
natulia [17]

Answer:

is the firm's marginal cost curve above the minimum point on the AVC curve.

Explanation:

In a perfect competition, there are many buyers and sellers of homogeneous products, and there is free entry and exit in the market.

This simply means that, in a perfectly competitive market, there are many buyers and sellers (price takers) of homogeneous products (standardized products with substitute) and the market is free (practically open) to all individuals or business entities that are willing to trade all their goods and services.

Generally, a perfectly competitive market is characterized by the following features;

1. Perfect information.

2. No barriers, it is typically free.

3. Equilibrium price and quantity.

4. Many buyers and sellers.

5. Homogeneous products.

Examples of a perfectly competitive market are the Agricultural sector, e-commerce and the foreign exchange market.

In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.

The law of supply states that the higher the price of goods and services, the lower the supply.

An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.

Aggregate supply (AS) refers to the total quantity of output (goods and services) that firms are willing to produce and sell at a given price in an economy at a particular period of time.

Hence, a perfectly competitive firm's supply curve is the firm's marginal cost (MC) curve above the minimum point on the average variable cost (AVC) curve.

8 0
2 years ago
The deadweight loss caused by a profit-maximizing monopoly amounts to:_________
Semmy [17]

Answer: $225

Explanation:

Deadweight loss is caused by inefficient allocation of the resources or when both the supply and the demand for a product aren't in equilibrium.

The deadweight loss will be calculated as:

= 1/2 base × height

= 1/2 × 15 × 30

= $225

4 0
2 years ago
Cathy's Clothes is a small yet successful retail chain that sells women's clothing and accessories with a focus on buyers who ha
Reptile [31]

Answer:

Target Marketing

Explanation:

Candy's Clothes is engaging in target marketing because it is tailoring its marketing strategy (and its products) to a specific, narrowly-defined group of people, which can be thought of as the firm's niche.

This strategy is useful when companies have a clear idea of what demographic group they want to sell. Other firms have products with a broader appeal, and therefore, are better off using other marketing strategies that can reach a larger group of people.

7 0
3 years ago
Sally is a channel manager for the Carolina Bee Company, which offers bee
Yuliya22 [10]

Answer:

it might be B but I'm not sure

7 0
2 years ago
Definition: This is when an owner is fully responsible for the debts and losses of a company.
lorasvet [3.4K]

Answer:

is it a manager??

Explanation:

4 0
3 years ago
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