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Katen [24]
3 years ago
6

3 Distinguish between value and price and define consumer surplus.​

Business
1 answer:
salantis [7]3 years ago
6 0

Answer:

Value is the benefit that a consumer could receive if they consume a certain type of goods or service. This value tend to be different between customers' situation.

Price is the amount of resources that the consumer need to sacrifice in order to obtain a certain type of goods or services.

The value of the products and services will determine the amount of money that the consumes willing to pay to acquire them. Most consumers are not willing to make a purchase if the price exceeds the perceived value.

A consumer surplus will occur if the amount of price that the consumers spend to purchase that goods is lower compared to the amount of price that they're willing to pay based on the value.

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What procedures must be described in an agreement called an assurance of compliance with a us?
NikAS [45]

Procedures are in place that ensure that subjects will be covered in a manner proportionate to the Common Rule, including inspection by an independent committee comparable to an IRB.

<h3>What is meant by an assurance of compliance?</h3>

An institution must provide a written assurance of compliance with the conditions of the assurance and the requirements of 32 CFR Part 219, as determined by the Human Study Protection Official to be suitable for the research supported by the Department of Defense (DoD) component (32 CFR 219.103).

The word "compliance assurance" refers to all the steps an organisation takes to make sure that rules, policies, and procedures are followed and are perceived to be followed. The IRB's main goal is to uphold the rights and welfare of any human subjects involved in research projects that fall within its purview.

Hence, Procedures are in place that ensure that subjects will be covered in a manner proportionate to the Common Rule, including inspection by an independent committee comparable to an IRB.

To learn more about Assurance of compliance refer to:

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4 0
1 year ago
What are Inventions That i could make that Could Change The World
vesna_86 [32]
Inventions usually start out with a small idea. Just like the story for honey bunches of oats, his daughter smiled because she knew he was up to something (and they never ever knew they would become very famous with their cereal). 

Since many people are dying from diseases, you could make an invention that rates how close you are to get that disease. It could warn you on when you might get it (for example, it tells you that a person behind you has a flu, so make sure to stay away from that person.). 

It would be called 'The-World-Is-Healthy' because it would decrease the spread of disease. 

That would change the world. 
7 0
4 years ago
Read 2 more answers
... you purchased a soda or
Ann [662]

Answer:what's the price?

Explanation:

3 0
3 years ago
Read 2 more answers
What is the sale price of an item that costs $75.00 and is discounted 30%?
Alexxandr [17]

The buyer will pay 70% of the list price. 70% = 0.70. 0.70($75) = 52.50.

The answer is $52.50 dollars.

5 0
3 years ago
Neil Andrews is the marketing manager for the National Basketball Association. Neil analyzes and tracks his marketing campaigns
Mila [183]

Answer:

Option D

Explanation:

Neil Andrews, communications coordinator for that National Basketball Association. Neil evaluates and monitors its marketing strategies to assess the optimal rate of performance for a campaign to boost ticket prices. The ROI marketing campaign will be an internal KPI Neil used to track its marketing techniques.

Apps that are permitted to be installed on the company network, such as IM software and company computer equipment used mostly for personal purposes on online communities, are two fields that should be handled by organizational security administrators.

Thus, from the above we can conclude that the correct option is D.

5 0
3 years ago
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