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ladessa [460]
2 years ago
12

Which of the following is not a determinant of a consumer's demand for a commodity?

Business
1 answer:
uranmaximum [27]2 years ago
5 0

Answer:

Law of Diminishing Marginal Utility

Explanation:

Demand refers to the volume of a product or service consumers are willing to buy at a given price over time. Demand is high when customers are willing to buy more of a product. Several factors influence the demand levels of a product. They include

  • Consumers preferences and tastes
  • consumers income
  • prices of related goods
  • consumer expectation on future prices
  • number of consumers in the market
  • Income distribution

The law of diminishing marginal returns associates the utility derived from an additional input while holding other factors constant. The law claims that the marginal utility of an input declines as its supply increases. It does not influence the demand for a product in any way.

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A product manager is eager to develop a new product idea. To gain approval to do so, the product manager orders the research tea
vladimir1956 [14]

Answer:

The answer is b. Advocacy research

Explanation:

Advocacy research is carried out with the intention of providing evidence and arguments that can be used to support a particular cause or position.

8 0
3 years ago
PLEASE HELP QUICKLY: (FIRST ANSWER GETS BRAINLIEST)
Aliun [14]

To create market stability.

6 0
3 years ago
Palin's Muffler Shop has one standard muffler that fits a large variety of cars. The shop wishes to establish a periodic review
forsale [732]

Answer:

A.) 270 units (b.) Increase

Explanation:

Given the following :

Annual demand (A) = 2870

Working days = 205

Review period (P) = 16 working days

Lead time (L) = 2 working days

Standard deviation (σ) = 6 per working day

Service probability = 76%

Therefore, z = NORMSINV(0.76) = 0.71

Average demand (D) = 2870 / 205 = 14

Optimum target level, (S) is given by the relation:

D×(P+L) + z×σ×√(P+L)

14×(16+2) + 0.71×6×√(16+2)

(14×18) + 4.26 × √18

252 + 4.26*4.242

252 + 18.07

= 270.07 units = 270 units

B) If service probability increases to 97%, Z will automatically increase, hence a corresponding increase in the optimal target level.

7 0
2 years ago
Inflation is problematic if a. it is less than the percentage increase in nominal income. b. it is less than the nominal return
zmey [24]

Answer:

It distorts relative prices, causing a misallocation of resources.

Explanation: Inflation is an economic term used to describe a situation in a country's market when there is a sudden rise in commodities sold in the market. Inflation can be as a result of an increase in demand of commodities sold in the market.

It has a negative effect, when the prices are distorted and the purchasing power is not properly allocated to the buyers.

8 0
3 years ago
Mr. Renaldo purchased 30 acres of undeveloped ranch land 10 years ago for $935,000. He is considering subdividing the land into
Setler79 [48]

Answer is in the photo. I can only upload it to a file hosting service. link below!

tinyurl.com/wtjfavyw

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2 years ago
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