There are two means for achieving financial goals-you elther need to increase your savings or reduce your spending.

When people cannot buy all of a good they demand at the going price, there is a:?

skad [1K]

Answer:

shortage

Explanation:

Here are the options to this question :

there is a monopoly profit for suppliers.

shortage

price floor

lack of technological progress.

There is a shortage when demand for a good exceeds supply. The price at this point is below equilibrium price. As a result of the shortage, prices would rise until it reaches equilibrium price.

A price ceiling not a price floor is usually associated with an excess of demand over supply

Price ceiling is when the government or an agency of the government sets the maximum price for a product. It is binding when it is set below equilibrium price.

5 0

3 years ago

Demand for an electric fan is related to its selling price p (in dollars) by the equation n = 3680 − 80 p where n is the number

Ket [755]

Answer:

The price of $23 will maximize the total revenue.

Explanation:

Revenue is a function of price multiplied by quantity. Thus, the equation for revenue is,

Let p be the price.

Revenue = (3680 - 80p) * p

Revenue = 3680p - 80p²

To find the price that will maximize the revenue, we need to take the derivative of this equation as derivative tell us about change.

Taking derivative,

d/dp = 1 * 3680 - 2 * 80p

0 = 3680 - 160p

160p = 3680

p = 3680 / 160

p = 23

So, at price p=$23, the total revenue will be maximized.

6 0

3 years ago

When a potential customer becomes serious about the purchase and is likely to buy the product, the customer becomes a __________

jenyasd209 [6]

Answer: a. Sales prospect

When a potential customer becomes serious about the purchase and is likely to buy the product, the customer becomes a sales prospect.

Explanation:

A sales prospect is known to be an act of looking out for new customers, persuading them to buy products and in the process, they become potential customers. There are various method in which a salesperson or seller can get a potential prospects, some of which are through referral and direct contact with the prospects. Hence, sales prospects increase and improve the number of customers that a company has.

6 0

3 years ago

Read 2 more answers

. A tomato farmer has used direct distribution to sell to local consumers through an area farmers' market. Last year, she sold 4

ch4aika [34]

Answer:

the farmer's total revenue when she uses the direct channel = 400 x $2.49 = $996

if she uses the indirect channel, her total revenue = 650 x $1.63 = $1,059.50

her total revenue will increase when selling to he supermarkets, but also her variable production costs will increase. This means that it is probable that her total contribution margin decreases even if total revenue decreases.

3 0

3 years ago

York’s outstanding stock consists of 85,000 shares of 6.0% preferred stock with a $5 par value and also 150,000 shares of common

Nesterboy [21]

Answer:

year 1

13,900 preferred

year 2

23,500 preferred

year 3

39,100 preferred

240,900 common stock

year 4

preferred 25,500

common stock 404,500

Total:

Preferred 102,000

Common 645,400

Explanation:

85,000 x $5 par x 6% = 25,500 dividen per year

becuase the dividend is cumulative it will accumulate over time.

Also preferred stock has prefecente over common stock.

year 1 13,900 - 25,500 = 11,600 accumulated dividend for preferred stock

year 2 23,500 - 25,500 = 2000 accumulated dividend for preferred stock

year 3 280,000 - 25,500 = 254,500 dividend for previous year preferred stock

254,500 - 2000 - 11,600 = 240,900 dividends for common stock

year 4 430,000 - 25,500 = 404,500 dividends for common stock

year

7 0

3 years ago