Which of the following best describes why consumers are price​ takers? A. Individual transactions are too small to have much impact on the market price. B. Many individuals lack the skills to negotiate prices. C. If consumers​ don't pay the price​ asked, the store will just sell the product to someone else. D. Consumers​ don't know what it costs to make most products.

Answers

Answer 1

Answer:

c

Explanation:

because it only makes sense to do it that way


Related Questions

The nature of the Federal Reserve can best be described as follows: a A blended public-private institution. b The Fed branches and the Board of Governors are private enterprises, but a federal oversight committee in Congress advises the Fed. c A private corporation with no government presence. d The Fed branches are owned by the government, but the Board of Governors are private citizens. e A government agency with no private presence.

Answers

The correct answer is B) The Fed branches and the Board of Governors are private enterprises, but a federal oversight committee in Congress advises the Fed.

The nature of the Federal Reserve can best be described as follows:

The Fed branches and the Board of Governors are private enterprises, but a federal oversight committee in Congress advises the Fed.

The Federal Reserve is the Central Bank within the United States. The role of the Fed is to promote economic growth and stability by enacting monetary policy. The Federal Reserve Act of 1913 established the Federal Reserve system to avoid consumer panic.

The Federal Reserve plays a key role in helping control inflation because it keeps the money supply stable in order to maintain low inflation. Its role in the US economy is very important to maintain a healthy financial and monetary system. The monetary policy of the Fed allows the control and the supply of money to maintain the stability of the economy. This control is very important in order to maintain proper levels of inflation so prices do not increase.

Which of the following can a grocery store change in the long run?
A. the number of shelves, employees, and parking spaces in the parking lot
B. the type of grocery carts, magazine racks, and produce displays
C. the store location, sign on the storefront, and advertising on the media
D. all of the above

Answers

Answer:

I believe all of the above

Explanation:

went with what came to mind if its wrong very sorry.

A grocery store change, in the long run, is all of the above. Thus the correct option is D.

What is the importance of change?

In order to remain in competition an organization needs to work on bringing change and innovation in the process as well as a product that helps them in  achieving higher revenue by following trends and preferences.

If an organization adopts change frequently it shows its flexibility to cope with the demands of the market in order to meet the level of satisfaction of customers.

A grocery store that is planning to grow may eventually affect the number of shelves, staff, and parking places in the lot which helps in better services to their customers.

The design of the fruit displays, magazine racks, and grocery trolleys as well as the store's location, storefront sign, and media advertising can all help to increase sales and draw in more customers.

Therefore, option D is appropriate.

Learn more about the satisfaction of customers, here:

https://brainly.com/question/28387894

#SPJ2

As new firms enter a competitive price-searcher market, profits of existing firms Group of answer choices rise and product diversity in the market increases. rise and product diversity in the market decreases. decline and product diversity in the market increases. decline and product diversity in the market decreases.

Answers

Answer:

decline and product diversity in the market increases.

Explanation:

Competitive price searcher markets are those that have little barriers of entry for new firms.

Also the new forms are able to engage in transactions that are profitable. That is they easily take a market share.

In this scenario it will result in greater diversity of products as many firms can now produce goods that will be profitable in the market.

Also it will lead to a decrease in profit of existing firms as the new firm gets some of the market share

When market conditions in a price-taker market are such that firms cannot cover their production costs, Group of answer choices the firms will suffer long-run economic losses. the firms will suffer short-run economic losses that will be exactly offset by long-run economic profits. some firms will go out of business, causing prices to rise until the remaining firms can cover their production costs. all firms will go out of business, since consumers will not pay prices that enable firms to cover their production costs.

Answers

Answer:

some firms will go out of business, causing prices to rise until the remaining firms can cover their production costs.

Explanation:

A price taker is a firm or a seller who is not able to set the market price for its goods and services. Instead, the price taker accepts the price set by market forces - forces of demand and supply.

An example of a price taking firm is a firm in a perfect competition

If a firm is not able to charge prices above production costs, the firm is earning an economic loss

If in the short run, firms are earning economic loss, in the long run, firms would exit the industry until economic profit falls to zero.

The probability the economy will boom is 20 percent, while it is 70 percent for a normal economy, and 10 percent for a recession. Stock A will return 18 percent in a boom, 11 percent in a normal economy, and lose 10 percent in a recession. Stock B will return 9 percent in boom, 7 percent in a normal economy, and 4 percent in a recession. Stock C will return 6 percent in a boom, 9 percent in a normal economy, and 13 percent in a recession. What is the expected return on a portfolio which is invested 20 percent in Stock A, 50 percent in Stock B, and 30 percent in Stock C

Answers

Answer:

The answer is 8.25%

The journal entry to record an unfavorable direct materials price variance would include a _____. credit to Direct Materials Price Variance debit to Direct Materials Price Variance credit to Materials None of these choices are correct. 2. Jake Shirt Co. used 5,300 square yards of polyester to produce 3,000 shirts. The standard quantity of material for the 3,000 shirts produced is 6,100 square yards. The standard price for direct materials is $4.00 per square yard. The entry to record the direct materials quantity variance would include a debit to Direct Materials Quantity Variance for $3,200. credit to Direct Materials Quantity Variance for $3,200. debit to Direct Materials Quantity Variance for $12,000. credit to Direct Materials Quantity Variance for $12,000. 3. In preparing an income statement for external users, the balances of the variance accounts that are of small amounts are normally transferred to _____ account. Income Summary Work in Process Cost of Goods Sold Finished Goods Inventory

Answers

Which behavior would best describe someone who has good communication skills with customers ? a) Following up with some customers b) Talking to customers more than listening to them c) Repeating back what the customer says d) Interrupting customers frequently

Define Pareto's law. Multiple choice question. It is the ranking of all items of an inventory according to a specific criterion of importance. It is a method of estimating the impact of changing the number of locations on the quantity of inventory held. It is the rule that a small percentage of items account for a large percentage of sales, profit, or importance to a company. It is used to determine the order size for a one-time purchase.

Answers

Answer:

It is the rule that a small percentage of items account for a large percentage of sales, profit, or importance to a company

Explanation:

Pareto's law is a law that describes the points or direction to concentrate the firm's activities and resources on to achieve optimum productivity.

It usually follows the principle that 80% of returns come from 20% of the customers or clients.

Hence, in this case, the correct answer is Pareto's law is defined to be "the rule that a small percentage of items account for a large percentage of sales, profit, or importance to a company."

Suppose a consumer only purchases food and clothing, and food is plotted along the horizontal axis of the consumer's indifference map. If the price of clothing increases and the price of food and income do not change, then the budget line changes by rotating: Group of answer choices clockwise about the fixed horizontal axis intercept. clockwise about the fixed vertical axis intercept. counter-clockwise about the fixed vertical axis intercept. counter-clockwise about the fixed horizontal axis intercept. none of these options is correct.

Answers

Answer:

counter-clockwise about the fixed horizontal axis intercept.

Explanation:

An indifference curve is a graph that shows the two combinations of goods for which an individual is indifferent in its consumption.

Points on an indifference curve represents various combination of goods to which an individual is indifferent to

higher indifference curve represents higher level of utility

An indifference map is a graph of various indifference curves

On the indifference map, indifference curves that are higher would be more preferred to those that are lower

Prepare a balance sheet in proper format for the company as of December 31st based on the following accounts. Answer questions 8 through 10 based on this balance sheet.

Answers

Answer:

Total liabilities = $25,000

Explanation:

Missing information;

Accounts Payable  = $5,000

Long-term Notes Receivable  = $10,000

Accounts Receivable  = $15,000

Accrued Expenses  = $3,000

Cash  = $10,000

Short-term Notes Payable  = $7,000

Retained Earnings  = $2,000

Accumulated depreciation  = $2,000

Prepaid Expenses  = $3,000

Capital Stock  = $8,000

Supplies  = $7,000

Find:

Total liabilities

Computation:

Total liabilities = Accounts Payable  + Capital Stock  + Short-term Notes Payable + Accrued Expenses + Retained Earnings

Total liabilities = 5000 + 8000 + 7000 + 3000 + 2000

Total liabilities = $25,000

Assume that transportation costs are especially high for Widgets in the two-country, two-product Ricardian model, and Country A enjoys a comparative advantage in Widgets, then A) country B must also enjoy a comparative advantage in Widgets. B) country B may end up exporting Widgets. C) country A may switch to having a comparative advantage in the other good. D) country A will still export Widgets. E) trade may be impossible between the two countries.

Answers

Answer:

D

Explanation:

A country has comparative advantage in production if it produces at a lower opportunity cost when compared to other countries. A country would export the good for which it has a comparative advantage and import the good for which it doesn't have a comparative advantage

For example, country A produces 10kg of beans and 5kg of rice. Country B produces 5kg of beans and 10kg of rice.  

for country A,  

opportunity cost of producing beans = 5/10 = 0.5

opportunity cost of producing rice = 10/5 = 2

for country B,  

opportunity cost of producing rice = 5/10 = 0.5

opportunity cost of producing beans = 10/5 = 2

Country A has a comparative advantage in the production of beans and country B has a comparative advantage in the production of rice

Country A would export beans to country B and B would export rice to A

Qué aspectos consideras relevantes dentro de una mega tendencia?

Ayuda porfavorr

Answers

Answer:

En la inversión y en los mercados monetario y crediticio, se suele hablar de tendencias del mercado al mencionar situaciones en las que los compradores o vendedores dentro del mismo siguen un mismo patrón de comportamiento en forma simultánea, dando lugar a una conducta de mercado que se repite.

Así, hay dos tendencias principales de mercado: la bajista y la alcista. El mercado bajista es un término que significa que la tendencia en el mercado es negativa, es decir, el índice desciende. No existe una definición estricta del término, pero normalmente una caída del 20 por ciento desde su nivel más alto durante un período de al menos dos meses se cuenta como un mercado bajista.

Por su parte, el mercado alcista es un término que significa que la tendencia del mercado es positiva.

Within all demographics in the United States, motorists between the ages of 17 and 22 incur the highest percentages of motor vehicle infractions. When an insurance company levies very high insurance rates to customers within the aforementioned age group, what is the best categorization for the type of risk is being taken

Answers

Answer:

speculative risk

Explanation:

the risk is categorized under their age bracket since they tend to be more careless as compared to older motorists engaging in more accidents

In at least 150 words, examine the elements that might lead to a worker receiving a higher salary. Be sure to provide details and examples from your lesson. Provide specific detail and in depth discussion of at least two of the element areas requiring higher pay.

Answers

Answer:

As salaries are paid to workers by virtue of the work they perform, a factor that can be decisive for a salary increase is none other than a greater or better performance of the tasks that the worker performs.

On the other hand, wages can also rise if the country's minimum wage is raised, or if there is a situation of inflation that renders workers' wages useless over time.

And also, it may happen that the company that pays the worker's salary is in an exceptional situation that implies a salary improvement as a way of rewarding the performance of its workers.

A payday loan company has decided to open several new locations in the city. To decide where to open these locations it hires consultants and pays them per store opened. At the end of the quarter, the company notices a many of the new stores’ sales volume fail to meet expectations. To incentivize the consultants to instead focus on opening profitable stores, the company should have paid them

A. Per store opened
B. A percentage of the profit earned per new store
C. A fixed salary
D. All of the above

Answers

Answer:

B. a percentage of the profit earned per new store

Portillo's Fast Food restaurants are changing their hot dog vendor. The company has realized that in order to stay competitive, its hot dogs need to be made larger and shorter so that they can fit in a new smaller-sized hot dog bun. Consequently, Portillo's is looking for a vendor that can provide a product according to its new specifications at a price that is less than what it was paying in the past. At what stage in the business buying process is Portillo's

Answers

Answer: supplier search

Explanation:

Portillo's Fast Food restaurants are in the supplier search stage in the business buying process. The supplier search refers to the stage of the business buying process whereby the buyer or the company seeks the best suppliers or vendors.

The company can compile a list of suppliers and make a research about them to know the one that's most appropriate to carry out the job at hand and will be most effective and efficient. This can be infered from the question as Portillo's is looking for a vendor that can provide a product according to its new specifications at a price that is less than what it was paying in the past.

(Choose the most appropriate answer from the choices below) In an assembly line balancing problem, work station cycle time.
I. will decrease as the required production per day increases, other things remaining the same.
II. will increase as the required production per day increases, other things remaining the same.
III. will decrease as the production time per day increases, other things remaining the same.
IV. will increase as the production time per day increases, other things remaining the same.
A. IV
B. II
C. I
D. III
E. I. and IV

Answers

Answer:I need points

Explanation:

Hola

a tv retailer suppose that in order to sell a number of tvs the price per unit must follow the model p=600-0.3n

Answers

answer:
you would have to sell 2,000 tvs the price per unit each 600 to follow the model
step-by-step explanation:
p = 600 - 0.3n
600/0.3
p = 2,000n

A man who had been living with a woman in an old farmhouse left without warning. In a note, he told her that he was not coming back other than to get his possessions in the spring, and he told her not to touch them. Among his possessions was an extensive set of woodworking tools that he kept in a workshop. During the winter, the cost of heating the farmhouse, which the two had previously shared, became too high for the woman to pay. The manager of the local heating oil company agreed to provide heating oil in exchange for unlimited use of the woodworking tools. The man learned that the tools were being used by the manager of the heating oil company and sued the woman for conversion. No harm was done to the tools. If the woman prevails, what is the most likely reason

Answers

Answer: No harm was done to the tools

Explanation:

Most times people tend to bridge agreement that they had with other person's, especially when they find out the agreement will favour them. The woman had no right to give out the property of her co-tenant to oil company man, while the co-tenant has every right to sue her, but what would be her escape would be that the tools were still intact, while her reason would be that she wanted to maintain their stay there, which the option was a way to do it.

Suppose the price elasticity of supply for dog biscuits is 0.8 in the short run and 1.4 in the long run. If an increase in the demand for dog biscuits causes the price of dog biscuits to increase by $15, then the quantity supplied of dog biscuits will increase by about

Answers

Answer:

12% short run, 21% long run

Explanation:

In the short run, the price elasticity for biscuits is 0.8

0.8×15

= 12%

In the long, run the price elasticity for biscuits is

= 1.4×15

= 21%

Hence the quantity of supplied dog biscuits will increase by 12% in the short run and 21% in the long run

A customer slipped and fell in a store and was severly injured. As required by state regulation, the store's manager conducted an investigation into the cause of the accident and filed the report with the appropriate state agency. The customer subsequently retained an attorney, who filed a civil action against the store in federal district court. The complaint alleged that the store negligently left a spill on the floor of the store, which caused the customer's fall. The customer's attorney served on the store a request for production of documents, which included a request for all documents and reports prepared by the store that relate to the customer's fall and injury. If the store believes that the report prepared by the store manager is protected from discovery under the work product doctrine and the store wants to withhold disclosure of the report, what should the store do

Answers

Answer:

The manager notes are protected by a qualified immunity from discovery under the work product doctrine. The store is not liable to disclose report unless there is substantial need.

Explanation:

The customer has fell in a store because of store negligence not because of store manager's negligence. The court decided a case based on facts. The customer's attorney may ask store to produce reports which serve a base for customer injury. Manager notes are protected and therefore they cannot be disclosed unless the court demands it.

The square root rule _____. Multiple choice question. is a method of estimating the impact of changing the number of locations on the quantity of inventory held. the period of time when an unknown amount of inventory is on hand. specifies the amount of risk of incurring a stockout that a firm is willing to incur. is used to determine the order size for a one-time purchase.

Answers

Answer:

is a method of estimating the impact of changing the number of locations on the quantity of inventory held

Explanation:

The rule of the square root stated that the total safety stock should be determined by multiplying the total inventory from the square root of the no of warehouse locations near in future and then it should be divided by the present number

So it is the method of predicting the effect of number of locations that are changed and are based upon the inventory quantity

Therefore the above statement should be considered

A builder from State A sued a homeowner from State B for breach of contract in federal court, alleging that the homeowner failed to pay the second half of the agreed-upon price for completion of construction on a house. The process server attempted to serve the summons and complaint on the homeowner at the house, but after two failed attempts, instead served it on an elderly next-door neighbor, who was out in the front yard and volunteered to accept it on the homeowner's behalf. The homeowner then filed a motion to dismiss for insufficient process. Assume that the requirements for service of process in both states are identical to the requirements of the Federal Rules of Civil Procedure. Is the court likely to dismiss the action for insufficient process

Answers

Answer:

No

Explanation:

It is very unlikely they the case is dropped for insufficient process as the scenario does not describe any defect in the documentation and writings contained in the document. The issue with the process is likely in the manner in which the document was served. This is because, the document was served to an elderly next door neighbor which in a way can allow the homeowner to file for insufficient service of process. Therefore, the homeowner will most likely fail in it's quest to have the case dropped for insufficient process based on the argument presented above.

A tiny South Pacific island nation produces large quantities of honey-based products. To protect this industry, the island government mandates that only designated trading companies can import the crop, each of which is allocated the right to import a maximum number of pounds of honey each year. This is an example of a(n)

Answers

Answer:

Import quotaa

Explanation:

By import quota, we are talking about a type of trade restriction. This particular type of restriction in trades puts a limit on the number or quantity of a commodity that can be imported into a given country as a particular time. When such types of restrictions are put in place the makers of this type of commodity in this economy benefits.

In this question we can see that Pacific island nation would benefit given that there would be less import of the crop. the restriction on imports would make more buyers turn to them.

The Rybczynski theorem asserts that in a two-good world, and assuming that product prices stay constant, growth in the endowment of one factor of production, with the other factor unchanged, will lead to:
A. An equal percentage increase in the output of both goods.
B. An increase in the output of the good that uses the growing factor intensively and a decrease in the output of the other good.
C. An increase in the output of both goods but a greater percentage increase in the output of the good that uses the growing factor intensively.
D. An increase in the output of the good that uses the growing factor intensively and no change in the output of the other good.

Answers

Answer:

The answer is "Option b".

Explanation:

The theorem of Rybczynski affirms that certain expansion in the endowments of one factor of manufacturing throughout the two-good economy, with other unchanged factors, which would be the result in increased output for the product that employs the increasing factor as well as a drop throughout the output of the other good.

The expen Accounting changes are often made and the monetary impact is reflected in the financial statements of a company even though, in theory, this may be a violation of the accounting concept of se recognition principle states that expenses should be matched with revenues. Another way of stating the principle is to say that:

Answers

Another way of saying the above is that d. efforts should be matched with accomplishments.

The Matching Principle in Accounting falls under the Accrual basis which means that expenses should be matched to the period they were incurred and revenue should be matched to the period it was received for.

This ensures that the expenses match the revenue. Another way to say this is that efforts should be matched with their accomplishments because the business incurred expenses as efforts in a period in order to be able to get revenue as accomplishments in that same period.

For example, a business paying salespeople $30,000 in a year are doing so because they hope those salespeople will sell more than that $30,000 in that same year.

In conclusion, matching expenses to revenue is like matching efforts to accomplishments.

For more information on the Accrual basis take a look at https://brainly.com/question/13464862.

Profession in medical are not practice for money but for public welfare? Do you support this statement? Explain.

please help me ​

Answers

Answer:

Explanation:

if a Doctor decrease his price than poor people can get a better health care for them it

The market for fertilizer is perfectly competitive. Firms in the market are producing output but are currently making economic losses. Which of the following statements is true about the price of fertilizer? Check all that apply. The price of fertilizer must be greater than average total cost. The price of fertilizer must be greater than average variable cost. The price of fertilizer must be greater than marginal cost.

Answers

Answer:

The price of fertilizer must be greater than average variable cost.

Explanation:

Being a perfectly competitive market the prices of the fertilizers will rise. As the forms are making economic losses the prices must be greater the average variable costs.

A captive agent is a(n): Group of answer choices insurance agent who represents only one insurance company. federal insurance agent who can sell low-cost flood insurance coverage. independent agent who can insure homeowners and tenants together for flood insurance. insurance agent who insures only homes and vehicles. claims adjustor who assesses the probability of law violations during an investigation.

Answers

Answer: Insurance agent who represents only one insurance company.

Explanation:

A captive agent is an insurance agent that works for a lone insurance company, either as full time or per time. They are paid their salary and commission or just commission depending on the contract agreed between employer and employee.

They can't do more than one insurance job at a time.

McCoy’s Fish House purchases a tract of land and an existing building for $900,000. The company plans to remove the old building and construct a new restaurant on the site. In addition to the purchase price, McCoy pays closing costs, including title insurance of $2,000. The company also pays $12,000 in property taxes, which includes $8,000 of back taxes (unpaid taxes from previous years) paid by McCoy on behalf of the seller and $4,000 due for the current fiscal year after the purchase date. Shortly after closing, the company pays a contractor $45,000 to tear down the old building and remove it from the site. McCoy is able to sell salvaged materials from the old building for $3,000 and pays an additional $10,000 to level the land.Required:Determine the amount McCoy’s Fish House should record as the cost of the land.

Answers

Answer: $962000

Explanation:

From the information given, the amount

that McCoy’s Fish House should record as the cost of the land will be:

Purchase price = $900,000

Add: Title insurance = $2000

Add: Back property tax = $8000

Add: Cost incurred to remove building = $45000

Add: Cost incurred to level the land = $10000

Less: Savage value of materials = $3000

Cost of land = $962000

Therefore, the cost of land is $962000

In the economy of Nocoin bank deposits are ​$ billion. Bank reserves are ​$ ​billion, of which two thirds are deposits with the central bank. Households and firms hold ​$ billion in bank notes. There are no coins. Calculate the monetary base and the quantity of money. Calculate the​ banks' desired reserve ratio and the currency drain ratio​ (as percentages).

Answers

Answer:

a.$90 billion

b. $330 billion

c. 20 percent

d. 10 percent

Explanation:

a Calculation to determine Calculate the monetary base

Using this formula

Monetary base =Reserves +Bank notes​ (dollar bills)

Let plug in the formula

Monetary base=$60 ​billion+ $30 billion

Monetary base= ​$90 billion

Therefore the Monetary base is $90 billion

b . Calculation to determine The quantity of money

Using this formula

Quantity of money =Deposits+Bank notes​ (dollar bills)

Let plug in the formula

Quantity of money=$300 billion+$30 billion

Quantity of money=$330 billion

Therefore Quantity of money is $330 billion

c. Calculation to determine The​ banks' desired reserve ratio

Banks' desired reserve ratio =2/3*$30 billion

Banks' desired reserve ratio=20 percent.

Therefore the Banks' desired reserve ratio is 20 percent

d. Calculation to determine The currency drain ratio

Currency drain ratio =1/3*$30 billion

Currency drain ratio=10 percent

Therefore Currency drain ratio is 10 percent sure

Other Questions
In a class of 70 pupils, 36 like tasty time , 34 like ice-cream, 6 like both tasty time }draw a Venn diagram to show the data.find howmanylike neither tasty time nor ice-cream trn u quyt nh thng li ca cuc khng chin chng qun xim l he got into.....car with me. (a an the no article) cyclist always bends when moving the direction opposite to the wind. Give reasons A car has a mass of 2000 kg. While it is traveling along a perfectly flat road, it goes around an unbanked turn that has a radius of 40.0 m. The coefficient of static friction between the car tires and the road is 0.500. The car travels successfully around the turn at a constant speed of 10.0 m/s. Calculate the magnitude of the car's acceleration as it goes around the turn. _______ m/s^2 Which of the following is a type of adaptation that animals can have?Physical characteristicsBehaviorsLife cycle differences I and II I and III II and III I, II, and III Which is a compound that allows plants to get nitrogen from the nitrogen cycle? A silver chain has 100 links. Each link is made of thin silver wire and is in the shape of a circle of radius 2,5 cm. Find the value of the chain if the silver wire costs 6 cents per centimetre ( Use 3,14 for ) CUAL ES TU PROPOSITO DE VIDA EN 5 AOS? Which equation should you solve to find x?12X 3410 If f(x) = -3x - 2 find f(-2) + 9 What was the location of the first pyramid built In the late 1800's, thisgroup was mainly hired foroffice work due to the factthey had small fingerswhich were perfect fortypingA. menB. womenC. childrenD. elderly Given the following coordinates complete the reflection transformation. Noble gases are the least reactive elements on the periodic table.A. TrueB. False Simplify: 5^(x+2)-45^x215^x Prepare a dictionary having minimum 2 words of each alphabet (new words) with meanings to enhance the vocabulary 7 steps of narrative Rick has been distressed over a long period of time, he has had problems coping with life and relating to people. In addition, he avoids meeting people as he thinks his breathing can be dangerous for others. He also believes that washing his face seven times an hour would keep him healthy. Rick meets all the criteria for abnormality which include _____. my sister watches three movies with her friend last night. (true or false?)