Answer:
$10.80
Explanation:
Given that:
A first-period efficient allocation cost = $10
The constant marginal extraction cost MEC for both periods = $2
The social discount rate (r) = 10%
∴
The efficient undiscounted market price for the 2nd period can be determined by using the formula:
In the product markets of the circular flow model, households provide <u>Consumption Spending (or Revenues) </u>to the business sector in exchange for goods and services.
Consumer spending is the total amount of the money spent by people and families in an economy on finished goods and services for their own use and enjoyment. All private purchases of durable, nondurable, and service products are included in modern measurements of consumer spending.
To help estimate and plan investment and policy decisions, investors, corporations, and regulators regularly monitor published statistics and reports on consumer spending.
To know more about consumer spending, click here:-
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<u>Answer:</u>
<em>It requires marketers to learn about all of the participants and their relative influence on the decision. </em>
<u>Explanation:</u>
Decision making can be performed by individuals or groups and includes employees as well as operational, middle, and senior managers. There are four stages in decision making: intelligence, design, choice, and implementation.
However, information systems are less successful at supporting unstructured decisions.. It requires marketers to learn about all of the participants and their relative influence on the decision.
The price is below market value: If the price of a used vehicle seems too good to be true Fake escrow services: Though escrow services are a legitimate way to protect your money, fraudsters may attempt to trick you into using a fake escrow service.
Answer:
Option D. Any of the above.
Explanation:
The reason is that the contract is not formed until the both parties don't agree on the terms and conditions of the contract which includes:
- New terms and conditions because as we know the business environment is consistently changing like inflation changes, etc (Option A).
- The acceptance is always required for the contract formation (Option B).
- Additional clauses of the contract are new clauses and acceptance is required for these to form a contract (Option C).
So all of the options can alter the contract existence. So the right answer is option D.
