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2 years ago

What are the essential elements for a commodity to be rich in economics

1 answer:

6 0

In economics, a commodity is an economic good, usually a resource, that has full or substantial fungibility: that is, the market treats instances of the good as equivalent or nearly so with no regard to who produced them.

The price of a commodity good is typically determined as a function of its market as a whole: well-established physical commodities have actively traded spot and derivative markets. The wide availability of commodities typically leads to smaller profit margins and diminishes the importance of factors (such as brand name) other than price.

Most commodities are raw materials, basic resources, agricultural, or mining products, such as iron ore, sugar, or grains like rice and wheat. Commodities can also be mass-produced unspecialized products such as chemicals and computer memory.

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Consider a situation where N consumers interact with a monopolist in a market. Half of these consumers (γ 0.5) have low demand,

kykrilka [37]

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3 years ago

Nieland Industries has two production departments: Fabricating and Finishing. Beginning inventories are: Work in Process—Fabrica

irina [24]

Answer:

Explanation:

1 Dr Raw Materials Inventory 40,000

Cr Accounts Payable 40,000

2 Dr Factory Labor 65,000

Cr Wages Payable 65,000

3 Dr Manufacturing Overhead 35,000

Dr Accounts Payable 5,000

Cr Cash 30,000

4 Dr Work in Process—Fabricating 10,000

Dr Work in Process—Finishing 8,000

Dr Raw Materials Inventory 18,000

5 Dr Work in Process—Fabricating 13,000

Dr Work in Process—Finishing 52,000

Cr Factory Labor 65,000

6 Dr Work in Process—Fabricating 10,000

Dr Work in Process—Finishing 20,000

Cr Manufacturing Overhead 30,000

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3 years ago

Suppose that there are two employers in Tinytown. CareCo offers a generous health insurance package to all employees, while Apat

professor190 [17]

Answer:

Choose CareCo.

Explanation:

Given : CareCo offers a generous health insurance package to all employees. ApathyInc pays slightly higher wages than CareCo, but does not offer health insurance.

A person who is unhealthy & expects to have high healthcare expenses : would have issues having direct health insurance from an insurer, based on high risk evaluation. Even if by chance, he/ she gets, it will be at extremely high price i.e premium rates & is likely to have less coverage. So, the person rationally would prefer to protect himself / herself from this huge health expenditure risk, & would protect self & family from catastrophic health costs. He / she would do so by choosing to work for Care Co, which gives generous health insurance to all its employees, by sacrifising higher salary by Apathy giving no health insurance. He/ she is logical as the wage differential is likely to be less than catastrophic health costs

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3 years ago

In the system selection process, the step of reducing the number of potential vendors that a healthcare organization is consider

lana66690 [7]

(Answer) Down selection. *

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2 years ago

Suppose the real risk-free rate is 3.00%, the average expected future inflation rate is 5.90%, and a maturity risk premium of 0.

Kamila [148]

Answer:

The answer is 9.00%

Explanation:

real risk-free rate = 3.00%

average expected future inflation rate = 5.90%

Maturity risk premium = 0.10%

The expected rate of return on a 1 year treasury security would be = the average expected future inflation rate + maturity risk premium + real risk-free rate.

= 3.00% + 5.90% + 0.10%

= 9.00%

6 0

4 years ago

What are the essential elements for a commodity to be rich in economics​

What are the essential elements for a commodity to be rich in economics