1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
cluponka [151]
3 years ago
7

Perggy's Bakes, a bakery in New Orleans that exclusively sells its confectionery products online, makes its products only when i

t receives an order. The bakery produces the products as per the order and delivers to the customer's homes. It does not produce any excess products. In the given scenario, the price associated with the demand and supply of the products at Perggy's Bakes reflects the _____. a. equilibrium price b. skimmed price c. grounded price d. parity price
Business
1 answer:
horrorfan [7]3 years ago
6 0

Answer:

A)equilibrium price

Explanation:

From the question we are informed about Perggy's Bakes, a bakery in New Orleans that exclusively sells its confectionery products online, makes its products only when it receives an order. The bakery produces the products as per the order and delivers to the customer's homes. It does not produce any excess products. In the given scenario, the price associated with the demand and supply of the products at Perggy's Bakes reflects the equilibrium price. The equilibrium price can be reffered to as only price in which both desires of consumers and that of producers agree, this can be explained as a situation where by quantity demanded is been equal to quantity supplied. The theory stressed that movement of market tends toward this price, it can also be regarded as "market-clearing price"

You might be interested in
If a financial portfolio manager in the u.s. buys british company stocks in the london stock exchange, this would involve:
oksian1 [2.3K]
<span>In order for a financial portfolio manager to purchase stocks in a British-operated business, it would require various forms of licensing and permissions on behalf of the financial manager to be able to make oversea purchases. This would ultimately allow the individual to make such a transaction.</span>
4 0
4 years ago
Need for achievement is also referred to as ____________.
GaryK [48]
Its also referred to as N ach
3 0
3 years ago
In an effort to measure the state of its economy, a country decides to use its gross domestic product. Which statement is true r
Dafna11 [192]

Answer:

It factors GDP in relation to the country's population

Explanation:

The second option "It cannot be used to identify the country's economic expansion or contraction" is incorrect because GDP can be used to tell if the economy of a nation is healthy or if it is heading into recession. Also, GDP cannot tell you the profit of corporate oversea operations, neither can it tell you the profit earned by foreign companies operating within the country, it can only tell the value of all products and services that were produced in a country within a period. However, GDP per capita is a measure of the gross domestic product against the population of the country, and hence the correct option is that It factors GDP in relation to the country's population.

7 0
4 years ago
Both Nadia and Samantha are applying to insure their car against theft. Nadia lives in a secure neighborhood, where the probabil
Sedaia [141]

Answer:

a. Samantha

Explanation:

Samantha is likely to buy insurance because she lives in a lesser secure area than Nadia. She has higher probability of theft which is 25%. The probability of theft to Nadia's car is lower which is 10%. Samantha is likely to buy insurance for her car because her car cost $10,000 and she is already willing to pay $100 of expected loss for insurance. Buying insurance will secure Samantha from theft or likely loss of car.

8 0
3 years ago
Neoclassical economics and behavioral economics are similar in the assumption that people are capable of making accurate, someti
laiz [17]

Answer:

The statement is: False.

Explanation:

Behavioral economics is a psychological approach of business that examines whether individuals' assumptions on utility and profit maximization reflect their behavior and of they maximize their expected utility.

Neoclassical economics, on the other hand, refers to cost production as the most important factor in the product's price. Neoclassicals believe the price is the consumers' main driver in their decision-making.

Thus, <em>neoclassicals and behavioral economists have different focuses in business.</em>

5 0
3 years ago
Other questions:
  • The business must depend on the team for what in order for the business to do any meaningful planning
    8·2 answers
  • 1
    14·2 answers
  • Dana was a stay-at-home mother until her recent divorce. she went back into the paid workforce to provide for her child. she lov
    12·1 answer
  • In 2020,a customer buy% 5 GE 10% debentures,M,40. The interest payment dates are Feb 1st and Aug 1st The bonds are callable as o
    11·1 answer
  • The probability distribution of damage claims paid by Insurance ABC on collision insurance is as followed: Payment ($) Probabili
    15·1 answer
  • Smoky Mountain Corporation makes two types of hiking boots--Xtreme and the Pathfinder. Data concerning these two product lines a
    9·1 answer
  • Executive level managers usually recive higher saleries because?​
    7·1 answer
  • Kanye Company is evaluating the purchase of a rebuilt spot-welding machine to be used in the manufacture of a new product. The m
    12·1 answer
  • Lacy set her textbook under her chair in her business law class and then forgot to take it with her when she left the classroom.
    11·1 answer
  • Which mortgage clause allows a lender to regain their investment ifa borrower does not pay his payment?a. acceleration clause b.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!