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3 years ago

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

Business

1 answer:

uranmaximum [27]3 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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You are asked to recommend whether a firm should make or purchase product A. The following are data concerning the two options.

Alexxandr [17]

Answer:

Instructions are listed below

Explanation:

Giving the following information:

For the purchase option:

Buying price= $22 per unit.

For the make option:

Weekly rental payment of $30,800

The firm also has to hire five operators to help make product A. Each operator works eight hours per day, five days per week at the rate of $14 per hour.

The material cost for the make option is $15 per unit of product A.

A) We need to find the number of units that makes the unitary fixed costs= $7

Weekly rental= 30800

Direct labor= ($14*8 hours*5workes)*5 days= 2800

Total fixed costs= $33,600

Unitary fixed costs= total fixed costs/ Q

7=33600/Q

Q= 4800 units

B) Now Q= 6600

Buy= 6600*22= $145,200

Make= 6600*15 + 33600= $132,600

3 0

3 years ago

Of the types of U.S. compliance laws, there are a number of laws that are designed to provide confidence in the markets. _______

Gala2k [10]

Answer:

The correct word for the blank space is: Shareholders.

Explanation:

A Shareholder is a person company or other entity that owns at least one share of company stock. Another word for shareholder is stockholder. When a shareholder buys a company stock provide them with funds to run and grow a business. The government is in charge of providing regulations to promote a safe environment in the market to promote investments from stockholders.

5 0

3 years ago

When mcdonald's offered madame alexander gifts in its happy meals, both companies profited from the _____ arrangement?

Olin [163]

The answer is comarketing arrangement. It is a partnership between two or more companies where both companies cooperatively market each other's products. For example, a company who manufacturers video cards may partner with a game software company, and both companies will market each other's related product.

6 0

4 years ago

Which of the following is NOT an example of using the right

Tamiku [17]

Answer:

i feel like the last one

Explanation:

it seems the best one to pick

8 0

2 years ago

A firm has adopted a policy whereby it will not seek any additional external financing. Given this, what is the maximum growth r

VashaNatasha [74]

Answer:

The maximum growth rate to my calculations is 8.32%, since it is closer to option E), I´d choose E) 8.37%

Explanation:

Hi, in order to find the growth rate given all the info of the problem, we need to use the following formula.

$g=b*R$

Where:

g = growth rate

b=retention ratio

R = return on equity

Since R = Earnings / Equity, and our dividend payout ratio (equals to 1 - b)our fromula changes to:

$g=(1-Payout)*\frac{NetIncome}{Equity}$

So, everything should look like this:

$g=(1-0.25)*\frac{32,600}{294,000} =0.0832$

So, the growth rate is equal to 8.32% but this option is not available, therefore we´ll go for the closest one, that is E) 8.37%.

Best of luck.

7 0

3 years ago