Answer: The correct answer is $21,500.
Explanation: In 1965 the average cost of a new home was $21,500.
Other prices were much cheaper in 1965 also. Some examples are the cost of a first-class stamp was $0.05, the cost of a gallon of regular gas was $0.31, a dozen eggs was $0.53 and a gallon of milk was $0.95.
Answer:
The correct answer is letter "B": False.
Explanation:
An oligopoly is a market where a few companies collide to take control of the price and supply of the goods or services provided. On the other hand, a monopolistic competitive market is characterized by having many companies competing against each other. The competitive advantage of firms will determine if consumers choose to buy the products of one company or the other.
Thus, <em>Glamour Gal is a monopolistic competitive market.</em>
The best and most correct answer among the choices provided by the question is the fourth choice "<span>saving money for future needs"</span><span>
</span>Opportunity cost<span> refers to a benefit that a person could have received, but gave up, to take another course of action. Stated differently, an </span>opportunity cost<span> represents an alternative given up when a decision is made.</span>
I hope my answer has come to your help. God bless and have a nice day ahead!
Answer:
The answer is A.
Explanation:
If a person's wealth is in cash, price level changes in the economy will definitely affect the his monetary wealth.
Price level changes arise as a result of inflation. Increase in general price level in the economy will reduce the purchasing power of the cash. For example, a good that used to sell for $2, it now goes for $5.
And if there is decrease in general price level, the purchasing power of the cash will increase.
Answer:
Selling.
Explanation:
The marketing function that has the most physical contact with the seller is selling, because most sales happen one on one between customer and seller.
Other aspects like promotion and product management has considerable physical contact with customers, but the most contact is with selling.