Answer:
E) buyers and sellers being more interdependent.
Explanation:
The internet has completely changed our world in so many ways that few people could imagine that currently you can purchase Coke directly from a Coca Cola factory, you don't even need to go to a supermarket anymore (and the prices are lower). Slowly but steadily, intermediaries are being eliminated, anyone can remember how huge Sears, Kmart, JC Penny, Macy's were just 10 -15 years ago.
Now manufacturers try to sell their products directly or they use Amazon, Ebay or some other website. And customers like that because the prices are lower now. You can go to a Best Buy store and compare prices with Amazon, and if Amazon is cheaper, you leave the store and your TV arrives the next day.
Answer:
The dead weight loss will be equal to 200.
Explanation:
Deadweight loss refers to the loss in surplus when the production is not taking place efficiently. A monopolist produces less than socially optimal level of output and charges a higher price. This causes a loss of consumer surplus.
Dead Weight loss
= Area of the triangle marked by a difference in Quantity under 2 situations and Price under monopoly and equality point of MR-MC
=
=
=
= 200
Complementary Good is perhaps the answer that you are looking for. For example, eggs and bacon are complementary goods and if the price of one went down then the quantity demanded of both would most likely go up since people tend to eat both together.
Based on the items listed, the categories that they will fall under as regards goods and services are:
Services:
- Haircut.
- Medical check-up.
- Cellular network connection.
Goods:
- Book.
- Cellular device.
- Bank loan.
<h3>What is a service?</h3>
A service refers to something that is received in an exchange that is not tangible. Haircuts, medical check-ups, and cellular networks are not tangible.
Goods on the other hand are tangible and can be touched such as a book or cellular device. A bank loan means that you receive money which can be touched so it is a good.
Find out more on goods and services at brainly.com/question/14725385.
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Answer:
Explanation:
Beginning work in process inventory $25,400
Add: Costs added to production during the month $297,000
Total cost to be accounted for $322,400
So in the department's cost reconciliation report for August, the total cost to be accounted for would be $322,400