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3 years ago

Demands differ from wants because:______.

Business

1 answer:

elena55 [62]3 years ago

5 0

Answer:

The correct answer is:

demands reflect a decision about which wants to satisfy and a plan to buy the good, while wants are unlimited and involve no specific plan to acquire the good. (d)

Explanation:

Let me first try to define what demand and want are:

want: want is a desire for a product or service. It is said that wants are unlimited, however, the resources to actualize such wants are in a limited supply.

Demand: Demand is the quantity of good or service that a person is willing and able to pay for because of the availability of resources to do so, at a given price and time.

For a clearer understanding, demand can be seen as a subset of want that a consumer takes a further step to acquire, not just desire. There is a specific plan to acquire such wants.

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tino4ka555 [31]

Answer:

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Meeting goals with all flexibility and sharing of personal stories, sourcing outsiders, proving one’s self wrong will all foster a kind of fear-free searching of new ideas.

Explanation:

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3 years ago

Mary's campaign consistently meets its average daily budget. what should she do to maximize her budget throughout the entire day

olganol [36]

The thing that Mary should do <span> to maximize her budget throughout the entire day is: Change the delivery method from "standard" to "accelerated"
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3 years ago

Beginning merchandise inventory would be found on the worksheet in the

mrs_skeptik [129]

<span>A. income statement debit column</span>

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3 years ago

Read 2 more answers

After several profitable years running her business, Ingrid decided to acquire the assets of a small competing business. On May

umka2103 [35]

Answer:

question

1. how much amortization expense on the goodwill can Ingrid deduct in year 1, year 2, year 3?

2. In lieu of the original facts, assume that Ingrid purchase only a phone list with a useful life of 5 years for $16,500.

How much amortization expense on the phone list can Ingrid deduct in year 1, year 2 and year 3?

Explanation:

The explanation is shown in the file attached. Thank you i hope it helps

Download docx

3 0

3 years ago

A small co ffee company roasts coff ee beans in its shop. The unroasted beans cost the com- pany 200 cents per pound. The MARGIN

umka2103 [35]

Answer:

q = 10 pounds = socially efficient amount of coffee for the company to roast.

Explanation:

Data Given:

Cost of Unroasted beans = 200 cents/pound.

Marginal Cost of roasting coffee beans = $q^{2}$ -10 $q^{}$ + 150

Cost neighbors willing to pay to stop shop operations = 5 $q^{2}$

Output selling price = 450 cents/pound

Required:

Amount of coffee to roast = ?

Solution:

As we know from the problem statement that it costs the company 200 cents/pound for the procurement of raw beans which are here termed as unroasted beans. Let's say it is the marginal cost of procuring.

Moreover, we know that marginal cost of roasted beans = $q^{2}$ -10 $q^{}$ + 150.

which is in the form of quadratic equation and will be solved for q to know the required answer.

Let's suppose X = marginal cost of unroasted beans.

Y = marginal cost of roasted beans.

MPC = Marginal Private cost

In order to calculate the marginal private cost, we need to add X+Y.

MPC = 200 + $q^{2}$ -10 $q^{}$ + 150

MPC = $q^{2}$ -10 $q^{}$ + 350

Now,

The total social cost which the neighbors are willing to pay = 5 $q^{2}$

In order to calculate marginal social cost, we need to differentiate the above equation.

MSC = d/dq5 $q^{2}$ = 10q

Finally,

Marginal Benefit = 450 cents/pound

For socially efficient amount = q =

MPC + MSC = Marginal Benefit

$q^{2}$ -10 $q^{}$ + 350 + 10 $q^{}$ = 450

$q^{2}$ -10 $q^{}$ + 10 $q^{}$ = 450-350

Solving for q,

$q^{2}$ = 100

taking square root on both sides,

q = +/-10.

Hence,

q = 10 pounds = socially efficient amount of coffee for the company to roast.

6 0

3 years ago