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3 years ago

The price system is an important component of the market because it

1 answer:

6 0

The price system is an important component of the market because it coordinates the activities of producers, consumers, and owners of resources.

The answer to this question is option c. In economics the price system can simply be described as the way of organizing economic activities.

In order to do this, it coordinates the decisions of the buyers, the suppliers or the producers, and the owners of productive resources.

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Java jane's first coffeehouse was very successful due to the unique flavors, on-site baked goods, and inviting ambiance. the own

alexdok [17]

Given that <span>Java Jane's first coffeehouse was very successful due to the unique flavors, on-site baked goods, and inviting ambiance. the owner, jane phillips, decided to franchise her operation when she was approached by several interested investors.

The type of marketing system Java Jane's has most likely adopted is </span><span>a contractual marketing system.</span>

7 0

3 years ago

Quaker State Wings has 320,000 shares outstanding and net income of $980,000. The company stock is currently selling for $62.97

ELEN [110]

Answer:

The new EPS is $ 3.16

Explanation:

In order to compute the earnings per share after the share repurchase the shares repurchased must deducted from the weighted average number of share of 320,000 before repurchase so as to arrive at the number of shares eligible for the earnings after such repurchase.

The number of shares repurchased=$634,000/$62.97

= 10,068.29

The average weighted number of shares after repurchase is 309,931.71 (320,000-10,068.29)

EPS after repurchase=$980,000/309,931.71

=$3.16 per share

5 0

3 years ago

What are specialist shops

weeeeeb [17]

A shop that sells one type of thing

6 0

3 years ago

If demand increased by 100 units at each price level, and the government set a price ceiling of $40, then there will be

mel-nik [20]

Answer:

no surplus or shortage

Explanation:

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

If demamd increases by 100, new equilibrium is 40

Thus, ceiling price equal equilibrium

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

Effects of a binding price ceiling

It leads to shortages

it leads to the development of black markets

it prevents producers from raising price beyond a certain price

It lowers the price consumers pay for a product. This increases consumer surplus

4 0

2 years ago

Do you agree that employers should be required by law to provide workers compensation insurance? Why or why not?

algol13

Yes and just because yes they should

4 0

2 years ago