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jekas [21]
2 years ago
8

Use your notes to explain how prices affect demand.

Business
1 answer:
abruzzese [7]2 years ago
7 0

Answer:

Amount of a product people purchase at various prices. ... There exists an inverse relationship between price and quantity demanded. As the price of a good or service goes up, the number sold (quantity demanded) goes down. As the price of a good or serve goes down, the number sold (quantity demanded) goes up.

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Whats the difference between the salary and hourly calculator? pleaseeee helpp
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5 0
3 years ago
Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a
Monica [59]

Answer:

The options for this question are the following:

a. marginal cost equals average revenue.

b. marginal revenue equals average cost.

c. average total cost equals average revenue.

d. marginal revenue equals marginal cost.

The correct answer is d. marginal revenue equals marginal cost.

Explanation:

The pure monopoly arises when there is a total absence of competition, due to independent entry barriers to the company's competitive capacity.

A single company offers a product that has homogeneous characteristics, which has no substitutes and for that reason has a large number of buyers. There are also economic, technological or legal barriers that prevent the entry of potential competitors. That is, there are barriers to entry.

In general, a monopoly situation occurs in the market when a single company controls the level of production and price of a product in the market. We could say that this single company has the ability to determine the price to be charged for that product and will have the power to decide the amount of production it will offer to the market.

8 0
2 years ago
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The Acme Aircraft Seat Company produces aircraft seats and is able to assemble 2 seats in 30 minutes using four workers. The sin
Varvara68 [4.7K]

Answer:

The single-factor productivity of the firm is 1 seat per labor hour.

Explanation:

The Single-factor productivity means the output when a unit of input is used. It is used to identify how many resources are used to produce a unit output.

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The single-factor productivity is calculated by formula :

Output/Input

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Single Factor Productivity =  2 Seats / 4 workers * 0.5 (30/60) hours

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3 years ago
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It is the Days sales outstanding ratio or the DSO ration. It can be computed to estimate the firms' average account receivable. It illustrates on how the firm's receivable will be managed. It is usually determine on an annual, monthly and quarterly basis.
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3 years ago
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Hello anyone know carson lueders
GalinKa [24]

Answer:

Im not sure who he is

Explanation:

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2 years ago
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