Answer:
<u>C) quantity supplied is greater than the quantity demanded.</u>
<u>Explanation:</u>
We need not be confused, <em>the market-clearing price is referring to the equilibrium price. </em>Thus, if the current price is above the market-clearing price (that is, the price at which quantity demanded equals quantity supplied), it means the <u>quantity supplied</u> is <em>greater</em> than the<u> quantity demanded</u> of the item.
For example, at a price of $1 per orange, there's an equal amount in quantity demanded and quantity supplied of orange. However, the price increases to $2 per orange; which makes the current price of an orange greater than the market-clearing price of $1.
Answer:
C. Increases
Explanation:
When payment frequency increases, it results to lesser amount per payment which will lead to a higher total amount of premium paid. consider this general rule of thumb; the greater the number of payments, the higher the actual premium paid over the course of the year.
Answer:
C) category points-of-parity.
Explanation:
With category points-of-parity the emphasis is on Nivea brand offering the relevant category features. These are features a brand must have to be considered competitors in a particular industry.
So for deodorants people want to know if they are strong, will the shampoo clean effectively, and will cosmetics be colourful.
Without these key features in the products Nivea would lose competitive advantage.
Answer:
DeShawn not take offer engine detailing service
Explanation:
given data
cost = $40
charges = $75
total price = $90
additional charges = $20
to find out
Should DeShawn continue offer
solution
we know here De shawn marginal benefit is
marginal benefit = total price - charges
marginal benefit = 90 - 75
marginal benefit = $15
and
we have given additional charges is $20
so
we see marginal cost here less than the marginal revenue
so DeShawn not take offer engine detailing service
Answer:
Number of caramels = 20
number cremes = 30 - 20 = 10
Explanation:
Data provided in the question:
Selling cost of each box = $12.50
Number of pieces of candies held in a box = 30
Cost of producing caramel = $0.25
Cost of producing cremes = $0.45
Now,
let the number of caramels be 'x'
Thus,
Number of cremes = 30 - x
Profit = Selling price - Cost
3 = $12.50 - [ 0.25x + 0.45(30 - x) ]
or
[ 0.25x + 0.45(30 - x) ] = 12.50 - 3
or
0.25x + 13.5 - 0.45x = 9.50
or
-0.20x = 9.50 - 13.5
or
-0.20x = - 4
or
x = 20
Hence,
Number of caramels = 20
number cremes = 30 - 20 = 10
