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
abruzzese [7]
3 years ago
12

At a price of $2,000 per unit, the demand for Rancho 60 mountain bikes from Peyton Bike's Inc. is 300 units, which is the number

of bikes the company manufactures every year. This is Peyton Bike's maximum output. If the marketing managers at Peyton Bike's Inc. decide to sell each bike at a price lower than $2,000 per unit, _____.
Business
1 answer:
Citrus2011 [14]3 years ago
6 0

The statement "bikes shortage should be developed" is correct.

The following information should be considered:

  • In the case when the firm wants to sell the product at a lower price so there should be a product shortage.
  • The demand and supply should not achieve at equilibrium.
  • There is no inelastic demand that should be developed.
  • The no of bikes generated should not be increased.

Therefore we can conclude that The statement "bikes shortage should be developed" is correct.

Learn more about the product shortage here: brainly.com/question/12596577

You might be interested in
Gambling is something you should only do if you have discretionary income?
vichka [17]
A. Its true NOT B but its not false.
3 0
3 years ago
Read 2 more answers
When you have an exclusive contract with a real estate agent, what should you expect and not expect?
zhenek [66]

Answer:

You should expect the following when you sign an exclusive contract with a real estate agent as a buyer:

  • the agent has to locate and identify potential properties that might interest you, and advice you about a fair market price
  • the agent is responsible for reviewing the paperwork
  • the agent is also responsible for preparing purchase offers, and other related services

You should expect the following when you sign an exclusive contract with a real estate agent as a seller:

  • the agent has to locate and identify potential buyers that might be interested in your property, and try to obtain the best possible price.
  • the agent is responsible for reviewing the paperwork
  • the agent is also responsible for negotiating purchase offers

4 0
3 years ago
The perfectly competitive firm's short-run supply curve is the Group of answer choices upward-sloping portion of its average tot
allochka39001 [22]

Answer:

Portion of its marginal cost curve that lies above its average variable cost curve.

Explanation:

This is explained to be the portion of its marginal cost curve because marginal gross benefits exceeds marginal cost, the firm can earn greater profits by increasing its output.

These profits are been maximized by choosing to supply the level of output where its marginal revenue equals its marginal cost. When this revenue is below the said marginal cost, money is lost, and consequently, it must reduce its output. Profits are however utilized when the firm chooses the level of output where its marginal revenue equals its marginal cost.

4 0
3 years ago
EA4.
mart [117]

Answer:

$1,000

Explanation:

As we know that

Cost of material used = Beginning balance of inventory + purchase made during the month - ending balance of inventory

$900 = $200 + purchase made during the month - $300

$900 = -$100 + purchase made during the month

So, the purchase made during the month would be

= $900 + $100

= $1,000

We simply added the purchase to the beginning inventory and deduct the ending inventory

8 0
3 years ago
During negotiations, which of the following should you do? Focus on meeting your needs. Develop a rapport and focus on the obsta
sashaice [31]

Answer:

<u>Set objectives.</u>

Explanation:

For a negotiation to be effective, it is necessary for the negotiator to follow some important steps in the process that will help him acquire skills that will add to the success of the negotiation.

The first step, therefore, is the preparation of the negotiation, which will be the development of the plan and the definition of the negotiation objectives. Defining the objectives is to know and know what and with whom you are negotiating, knowing the other party and what you want, will be essential to achieve a positive result in a negotiation.

5 0
3 years ago
Other questions:
  • A statement of cash flows and its related disclosure note typically do not report: a. Stock dividends. b. Notes payable issued f
    5·1 answer
  • ______________ did pioneering work on National Income Accounting at the NBER This was very important along with Wesley Mitchell'
    13·1 answer
  • Which of the following describes the expected outcome of expansionary monetary policy in the short run?
    14·1 answer
  • What type of object can ground static
    6·2 answers
  • On October 15, 2018, a 5% stock dividend was declared and distributed. The fair value of the common stock on this date was $31.8
    8·1 answer
  • Rianne has to choose between returning to graduate school to pursue her love of philosophy or going to work for a bank in town.
    11·1 answer
  • DRM is a collection of techniques that control uses of intellectual property in digital formats and includes hardware and softwa
    7·1 answer
  • Describe the process of roof top vegetable production?​
    9·1 answer
  • Can someone please read this and tell me if it sounds good so far, thanks!
    5·1 answer
  • Select ALL the correct answers. What was an effect of tax legislation signed by President Trump in 2017
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!