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3 years ago

According to communist theory, the value of a commodity is determined by the

1 answer:

4 0

The right answer for the question that is being asked and shown above is that: "c. laws of supply and demand." According to communist theory, the value of a commodity is determined by the <span>c. laws of supply and demand.</span>

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Determine whether each of the following topics would more likely be studied in microeconomics or macroeconomics. Microeconomics

jeka57 [31]

Answer:

The correct answers are:

A) The effects of the Internet on the pricing of used cars. (Microeconomics)

B) The effect of government regulation on a monopolist's production decisions . (Microeconomics)

C) The effects of government tax policy on long-term economic growth. (Macroeconomics)

Explanation:

The field of economics is usually broken down into two broad categories: Microeconomics and Macroeconomics. The goal of all economics is to analyze the production and consumption of finite resources like oil, wheat, capital or even labor. Microeconomics observes these issues from an individual or business perspective. Macroeconomics looks at the issues from the perspective of the country as a whole, and the policies affecting the economy. Thus:

A) The effects of the Internet on the pricing of used cars. (Microeconomics)

B) The effect of government regulation on a monopolist's production decisions. (Microeconomics)

C) The effects of government tax policy on long-term economic growth (Macroeconomics)

3 0

3 years ago

A budgeting process where individuals who are impacted by a budget are directly involved in its development is called: A. parti

lina2011 [118]

Answer:

A. participative budgeting

Explanation:

Participative budgeting -

It refers to the type of method of budgeting , where the person implementing the budget as well as the person getting affected by the budget are involved in the process of creating the budget , is referred to as participative budgeting .

In this method the top - level managers are supposed to share the decision of budgeting with the bottom - level managers as well .

Hence , from the given information of the question ,

The correct answer is A. participative budgeting .

6 0

3 years ago

Columbia Products produced and sold 1,400 units of the companyâ€™s only product in March. You have collected the following infor

s344n2d4d5 [400]

The computation of the following costs by Columbia Products is as follows:

a. Variable manufacturing cost per unit is $64.

b. Full cost per unit is $96, including manufacturing and marketing and administrative costs.

c. The variable cost per unit is $68.

<h3>Data and Calculations:</h3>

Production and sales units in March = 1,400 units

Sales price (per unit) = $129

<h3>Manufacturing costs: </h3>

Fixed overhead (for the month) = $16,800

Direct labor (per unit) = $7

Direct materials (per unit) 31

Variable overhead (per unit) 26

Variable manufacturing cost $64

The Fixed cost per unit = $12 ($16,800/1,400)

The total manufacturing cost per unit = $76 ($64 + $12)

<h3>Marketing and administrative costs: </h3>

Fixed costs (for the month) = $22,400

Variable costs (per unit) = $4

Fixed costs per unit = $16 ($22,400/1,400)

The total marketing and administrative costs per unit = $20 ($4 + $16)

Full cost per unit = $96 ($76 + $20)

Variable cost per unit = $68 ($64 + $4)

Learn more about variable, fixed, and full costs here: brainly.com/question/15684424

4 0

2 years ago

The first of two major components of developing a marketing strategy is to _______. a. select a target market b. determine a seg

Brrunno [24]

Answer:The first of two major components of developing a marketing strategy is to<u> select a target market.</u>

<u>Explanation:</u> After determining business products and services the business needs to identify the target market. Identifying the target market is the major step in developing a marketing strategy.

Steps to select a target market

Target market is actually those customers whom we want to sell our products.Concentrating on target market will make it easier to sell our products.
Customers can be targeted on the basis of age,gender,income,occupation,educational level.
Look at the competition that exist .Identify those areas that have been overlooked by our competitors.
If business is already existing than identify those products and services which are bought by current customers and the benefits that they are getting from it.
Finally target those customers who actually need your products and services.

5 0

3 years ago

Luciana is the first to offer a new product to customers in the local market and expects no competitors to emerge for at least t

storchak [24]

Answer:

skimming.

Explanation:

In this context, it can be said that Luciana will use the skimming pricing strategy.

This strategy consists of setting a relatively high price for the new product or service that will be offered in the market and then gradually lowering its price.

This strategy works by charging a high initial price that will be accepted by the first customers and after the first demand is satisfied, the price will be reduced to attract the most price sensitive customers.

8 0

3 years ago