As your text suggests, sellers alone do not set prices and buyers alone do not set prices. It is the interaction of buyers and sellers that sets prices.
Explain where the market equilibrium occurs.
How do we show equilibrium graphically?
Share an example from your own experience when the market was not in equilibrium for a product or service.
Explain why the market was out of equilibrium (what caused it to be out of equilibrium) and what needed to be done to bring the market back to equilibrium.
Answers
Market equilibrium occurs when the price of a good or service balances the quantity demanded by buyers and the quantity supplied by sellers. It is determined by the intersection of the demand and supply curves.Graphical representation of market equilibriumIn graphical representation, the market equilibrium occurs at the point where the demand curve intersects the supply curve.
At this point, the quantity demanded by the buyers equals the quantity supplied by the sellers. At any other point, there would be either a surplus or a shortage.
Example of a product or service when the market was not in equilibriumA few months back, the demand for hand sanitizers increased rapidly due to the COVID-19 pandemic. Many people started buying hand sanitizers in bulk leading to a shortage of hand sanitizers in the market.
Due to the shortage, the sellers increased the prices of hand sanitizers. This caused the market to be out of equilibrium. There was an increase in price, but the quantity demanded was still high, and the quantity supplied was low.
What needed to be done to bring the market back to equilibrium.To bring the market back to equilibrium, the supply of hand sanitizers needed to increase. This could have been done by increasing the production or importing hand sanitizers from other countries. Once the supply had increased, the price of hand sanitizers would have decreased, and the market would have reached equilibrium.
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Related Questions
A sunk cost can best be described as: Group of answer choices a cost that has already been incurred and cannot be removed. a form of financing cost. the cash flows of a new project that come at the expense of existing projects. an important cost to include in the capital budgeting process. the same thing as an opportunity cost
Answers
Answer:
Sunk Cost
A sunk cost can best be described as:
a cost that has already been incurred and cannot be removed.
Explanation:
A sunk cost for Manufacturer X is a cost that has already been incurred. It is irrelevant for any future decision making because it cannot be recovered or removed. By its nature, a sunk cost is a fixed cost. For example, the costs of purchasing an item of equipment, building an office building, and other noncurrent expenditure are sunk costs . If management is making decisions based on differential or incremental costing, such sunk costs are not considered.
Description of Transaction Type of Market Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash.
Answers
Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash, this will be traded in Financial asset markets.
What is Financial asset markets?A financial asset market is a place where a contractual right to a specific type of wealth can be purchased and sold. This is typically distinguished by the asset's liquidity, or how quickly it can be converted to cash, and includes financial assets such as savings and checking accounts, stocks and bonds, and mortgages.
One of the distinguishing characteristics of wealth traded on such a market is that it does not always have direct or linear ties to actual physical value, as in the case of land, jewellery, or art.
Trading environments for a financial asset market, such as a stock market or bond market, are prone to fluctuation due to a variety of seemingly unrelated market conditions.
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Complete question:
You are preparing to take an exam in your finance class, and you’ve been making flash cards on different markets and transactions. Indicate the markets in which each of the following transactions will be traded:
Description of Transaction Type of Market Mr. and Mrs. Smith buy a new house in Walnut Creek, California. They paid the entire amount, $800,000, in cash. Financial asset markets
The AutoSum icon is located in
which of the following groups on the
Home tab? *
Answers
Answer:
The AutoSum option can be found in two areas: It is contained in the Editing group of the ribbon, as shown in the first example above. It can also be found under the Formulas tab.
Ofac requires depository institutions that hold blocked property to file annual reports by.
Answers
Ofac requires depository institutions that hold blocked property to file annual reports by September 30th.
What is annual report?It should be noted that annual report is a document which describes the financial condition of a company for the previous year.
In this case, Ofac requires depository institutions that hold blocked property to file annual reports by September 30th.
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Kendra needs to organize information about last year's sales. She wants to calculate how much revenue was generated and compare it to sales data from previous years. Which type of program will be the best for Kendra to use to help her achieve task
Answers
Answer:spreadsheet program - apex
Explanation:
Just took the test and failed that question
Which of these people is most likely a freelancer?
a.Zoey, who writes and films video ads for small towns tourism agencies
b.Zane, who works part-time at a fast food restaurant
c. Carson, who builds birdhouses from scratch and sells them at craft shows
d. Carey, who does purchasing for a university bookstore and student union
Answers
Answer:
D and ignore this just random stuff aishdbsskw
If you identify how much you would like your sales to grow (either percentage of dollar amount) over a given period of time; you have created a marketing goal tied to:
A- Increasing the brand awareness of your product.
B- Identifying new markets.
C- Increasing the sales of your product.
D- Identifying repeat customers.
Answers
If one had identify how much you would like your sales to grow over a given period of time; then you have created a marketing goal tied to identifying new markets to expand the goals.
What is known as marketing?Basically, a marketing generally refers those activities a company undertakes to promote the buying or selling of a product or service. It include the use of strategy as advertising, selling and delivering products to consumers or other businesses but some marketing are done by affiliates on behalf of a company.
Despite that there are various types of marketing objectives or goals, the most common types of marketing goals are profitability objective, market share objective, promotional objective and growth objective.
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Betsy Blackwell bought a mighty maid franchise she became a__ a) Manager. b) Stockholder. c) Coporation. d) Franchisee
Answers
Betsy Blackwell became a franchisee when she acquired a Mighty Maid business.
What is a franchisee?A franchise (or franchising) is a technique of selling goods or services that involves a franchisor who creates the brand's trade name and business model and a franchisee who pays a royalty and frequently an upfront fee to have the right to use the franchisor's name and system.
For the right to market the franchisor's well-known products and make use of its trademarks and insider information, the franchisee must pay a fee to the franchisor. The franchisor offers advice and assistance to the franchisee.
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Which of the following is not a reason for redesigning a product or service?
A) to reduce labor or material cost
B) to increase the level of customer satisfaction
C) to increase quality
D) to increase the level of employee satisfaction
E) to attract and increase customer demand
Answers
Freeman Company's accounting records include the following information: Payments to suppliers, Collections on accounts receivable, Cash sales Income taxes paid, Equipment purchased $ 48,000 100,000 29,000 4,900 14,900 What is the amount of net cash provided by operating activities indicated by these transactions?
Multiple Choice $43,100. $76,100. $172,100. $61,200.
Answers
The net cash provided by operating activities can be found to be the sum of B. $ 76, 100.
How to find the net cash from operations ?Net cash provided by operating activities is calculated by considering the cash inflows and outflows related to the company's core business operations.
The net cash provided by operating activities is the sum of the cash inflows minus the sum of the cash outflows. So, the calculation is:
= ( $ 100, 000 + $ 29, 000) - ( $ 48, 000 + $ 4, 900 )
= 129, 000 - 52, 900
= $ 76, 100
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What will happen to the market for video games if consumer income drops?
A. Graph 1
B. Graph 2
C. Graph 3
D. Graph 4
Answers
Answer:
a
Explanation:
oh your a rapper, huh?
rhyme orange with banana
Answers
Answer:
I'm not a rapper- but a writer.
Explanation:
So I shall try ^-^
I'm nothing small,
I'm nothing shy.
I like oranges, nanana,
You like bananas.
We're not the same,
we're nothing close.
Wow thats so bad.
Monopolistic competitors in the food industry will often include a recyclable symbol on packaging used for their product as a means to be socially responsible. be environmentally responsible. differentiate their product. be perceived more favorably.
Answers
YES, BECAUSE WHETHER A BUSINESS DECIDES TO PROVIDE A POSITIVE LANDMARK STAMP ON THEIR PRODUCTS AND / OR SERVICES IS THEIR DECISION.
THE ONES THAT DECIDE TO MAKE THE DIFFERENCE ARE OFTEN REMARKABLE FROM THE COMPETITION, THIS OTHER ECONOMIC GROUP THAT DID NOT HAD THE INITIATIVE TO INNOVATE FOR A BETTER EXPERIENCE.
Do you think it is true that one person can make a difference? Why or why not?
Answers
A ripple effect that, over time, can actually impact thousands over generations.
A broadening effect since one person influences many, like multiplying tree branches.
So, yes.
Can someone please explain to me what "spreading overhead" means in terms of business strategy and economics?
Answers
Explanation:
The concept of 'spreading the overhead' refers to using an allocation method to distribute the indirect overhead costs accross produced goods.To help with your college expenses, you parents have agreed to give you a series of annual payments of $10,811 for the next 4 years. The discount rate is 6.8%. How much will your parents have to invest now to set up this annuity?
Round your answer to two decimals.
Answers
The amount your parents will have to invest now to set up the annuity is approximately $34,390.29.
To calculate the present value of an annuity, we can use the formula:
PV = C * (1 - (1 + r)^(-n)) / r
Where PV is the present value, C is the annual payment, r is the discount rate, and n is the number of years.
Plugging in the values into the formula:
PV = $10,811 * (1 - (1 + 0.068)^(-4)) / 0.068
≈ $34,390.29
Therefore, your parents will need to invest approximately $34,390.29 now to set up the annuity.
In this case, the annuity represents a series of equal annual payments from your parents. The discount rate of 6.8% reflects the required rate of return or the opportunity cost of capital. By discounting the future cash flows back to their present value, we can determine the amount that needs to be invested today to generate those cash flows. The present value represents the current worth of the future payments, taking into account the time value of money.
By investing approximately $34,390.29 now, your parents can ensure that they have enough funds to make annual payments of $10,811 for the next 4 years, considering the given discount rate.
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Which of the following allows you to group employees who have the same pay frequency?
A Group Items
B Payroll Items
C Payroll Schedules
D Employee Defaults
Answers
The correct answer to this question is C Payroll Schedules. Payroll Schedules are used to group employees who have the same pay frequency, whether it be weekly, bi-weekly, or monthly.
When setting up a payroll schedule, you can specify the start and end dates of the pay period, as well as the pay date for each period. This information is used to determine when and how much each employee is paid. It is important to ensure that the payroll schedule is set up correctly, with the correct pay frequency, to avoid any errors or delays in payment. By having the employees grouped based on their pay frequency, it allows for easier and more efficient management of payroll and ensures that all employees are paid accurately and on time.
C Payroll Schedules
To group employees who have the same pay frequency, you would use the option C, Payroll Schedules. Payroll Schedules allow you to organize employees based on their pay frequency, such as weekly, bi-weekly, or monthly. This helps in efficiently managing the payroll process and ensures timely and accurate payment for employees.
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Hot dogs come in packs of 10, while buns come in packs of eight. What are the least numbers of packs you should buy in order to have the same numbers of hot dogs and buns?.
Answers
Answer:
5 times because you keep multiplying till they are the same
Answer:5
Explanation:
your welcome
a) From the following list, decide which items are human needs and which wants:
luxury house
Shelter
Coca-Cola
car
clean water
designer jeans
clothing.
Answers
Answer:
needs: shelter, clean water, clothing
wants: luxury house, coca cola, designer jeans
Explanation:
while the rest are pretty straightforward a car is only a want because you don't necessarily need it, there are public transport
Needs:
Shelter
Clean Water
Clothing
Wants:
Luxury House
Coca-Cola
Car
Designer Jean
ABC Enterprises is worth $300,000. There are 3 shareholders and each shareholder is an equal owner of the company. If they establish an entity buy-sell agreement, the entity would have to buy policies in the amount of $____________ on each of the owners.
Answers
Answer:
$100,000 per each owner
Explanation:
Divided by 3. Seems fair
When comparison shopping, all of these hint at a good deal EXCEPT _____________________.
Answers
Answer: the sale price is the cheapest available.
Answer is …. there are more positive customer reviews than negative reviews.
Explanation:
.1 Brief description of Chick-fil-A.
2. Summary of its marketing strategies
3. Analysis of its marketing strategies
4. Are Its marketing strategies successful or not?
5. Why do you think its marketing strategies are successful or not?
6. What do you learn from its marketing strategies
Answers
1. Brief description of Chick-fil-A:Chick-fil-A is a fast-food restaurant chain based in the United States known for its focus on chicken-based menu items.
Founded in 1946, the company has grown to become one of the largest fast-food chains in the country, with a strong emphasis on customer service and a unique corporate culture. Chick-fil-A is recognized for its closed on Sundays policy, placing importance on family values and religious beliefs.2. Summary of its marketing strategies:
Chick-fil-A employs several key marketing strategies to promote its brand and attract customers. Some of the notable strategies include:- Strong brand positioning: Chick-fil-A positions itself as a premium fast-food , focusing on quality ingredients and preparation methods. It emphasizes its commitment to fresh, hand-breaded chicken and offers a menu that is often perceived as healthier than traditional fast food.
- Community involvement: The company actively engages with local communities through sponsorships, partnerships, and charitable initiatives. This community-focused approach helps to create a positive brand image and build customer loyalty.- Targeted advertising: Chick-fil-A has a targeted advertising strategy that aims to resonate with its core customer base. Their marketing campaigns often highlight values such as family, togetherness, and community, appealing to their target audience's emotional connection.
3. Analysis of its marketing strategies:Chick-fil-A's marketing strategies have proven to be highly effective and successful. The company has consistently achieved strong sales growth and has a loyal customer base. Here are some factors contributing to the success of its marketing strategies:- Differentiation: Chick-fil-A sets itself apart from competitors by offering a distinct menu focused on chicken. This differentiation helps the company carve out a unique position in the fast-food market.
- Brand reputation: Chick-fil-A has built a reputation for providing excellent customer service and maintaining high standards in food quality and cleanliness. This positive reputation enhances customer trust and loyalty.- Emotional appeal: By emphasizing family values and community involvement, Chick-fil-A appeals to customers on an emotional level, creating a strong connection and fostering brand loyalty.
4. Are its marketing strategies successful or not?Chick-fil-A's marketing strategies can be considered successful. The company consistently ranks among the top fast-food chains in terms of sales and customer satisfaction. Its strong brand presence and loyal customer following are indicators of successful marketing efforts.
5. Why do you think its marketing strategies are successful or not?Chick-fil-A's marketing strategies are successful due to several reasons:- Strong brand positioning: The company has effectively positioned itself as a premium fast-food , appealing to customers seeking quality and healthier food choices.
- Consistency and reliability: Chick-fil-A consistently delivers on its brand promises, providing a consistent and reliable customer experience across its locations.- Emotional connection: By tapping into the emotional values of its target audience, such as family and community, Chick-fil-A establishes a deeper connection with customers, leading to increased loyalty and repeat business .
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All of the brands that a consumer will evaluate for the solution of a particular problem is known as the
a. inert set
b. decision set
c. awareness set
d. evoked set
e. none of the above
Answers
D) For marketers, the challenge is to get their products into the customer's evoked set and to remain there.
The correct option is d. evoked set. The term 'evoked set' refers to all of the brands that a consumer considers when faced with a particular problem or need. This refers to the group of goods that a customer considers when making a purchase decision. It is considered a very critical phase in the process of purchasing. According to the consumer's knowledge and experience, the evoked set is not permanent. The set of firms that are deemed when a consumer has a particular need or issue, and they then go on to buy one of the products in that set, are known as the evoked set. The consumer examines the advantages and disadvantages of each option in the evoked set in order to make an informed decision. For marketers, the challenge is to get their products into the customer's evoked set and to remain there.
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what is the source document for payment on account
Answers
Answer:
RECEIPT
Explanation:
Receipt is an evidence of making the payment on account of any business transaction. This source document is prepared for showing the proof of giving any cash to the party (who receives the cash) on account of any business transaction.
Identify what type of unemployment each of the individuals below is facing by dragging and dropping the appropriate term into the bins provided. Use "structural unemployments, cyclical unemployment, frictional unemployment." 2 are cyclical, 1 is structural, 2 are frictional.
eric is an experienced project manager who lost his job at a tech start-up because the company's product failed to become popular. he is confident he can get a new job and has already rejected a number of offers.
Answers
Eric, an experienced project manager who lost his job at a tech start-up because the company's product failed to become popular, is experiencing cyclical unemployment.
On the other hand, two individuals may be experiencing frictional unemployment. Frictional unemployment occurs when individuals are temporarily between jobs due to factors such as relocation, career change, or job search.
In this case, these individuals are actively searching for employment but have not yet found a suitable job. Frictional unemployment is considered to be a natural part of the job search process and can be reduced by providing better job matching services and reducing search costs.
Lastly, one individual may be experiencing structural unemployment. Structural unemployment occurs when there is a mismatch between the skills and qualifications of workers and the requirements of available jobs. In this case, the individual may have skills that are no longer in demand or may lack the skills required for available jobs.
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When calling a support line to request help with a computer problem, it is best to
provide as many details and information as possible.
keep information to a minimum to avoid confusion.
avoid attempting to name or identify the problem.
avoid first attempting simple fixes to the problem
Answers
Answer: Provide as many details and information as possible.
Explanation:
So they can identify the problems with your computer
Answer:
1.provide as many details and information as possible.
Explanation:
What are 4 reasons why you should print, save, or make a copy of your job application???
Answers
Answer:
Be Prepared. Make sure you know the correct names, dates, places and other information you will need
Suppose a company owns a fancy 3D printer which cost $1500 to buy. The printer depreciates $200 per year. (a) If the interest rate is 3 percent, what is the implicit rental price of the printer per year? (b) Does your answer to part (a) depend on whether the company used its own money to buy the printer, or if it took out a loan? Why? Suppose a newer edition of the 3D printer comes out for $2000. Because better technology is used, there is less depreciation; it only depreciates by $150 a year. (c) Calculate the implicit rental price for the new edition of the printer. Which edition of the printer - old or new - has a larger implicit rental price? (d) Suppose the interest rate was instead 5 percent, rather than 3 percent. Which edition of the printer - old or new - has a larger implicit rental price? Compare your answer with part (c), and comment on any difference.
Answers
Answer:
a) Implicit Rental Price:
Normal annual cost = $200
3% of $1,500 = 45
Implicit rental price = $245
b) The answer to part (a) does not depend on whether the company used its own money to buy the printer or if it took out a loan, provided that the cost of the loan remains within the 3% accepted rate. The reason for my answer is that the calculation of the implicit rental price is an economic measurement that tries to capture the opportunity cost of a project and not just the actual cost.
c) Implicit Rental Price:
Normal annual cost = $150
3% of $2,000 = 60
Implicit rental price = $210
The old edition of the printer has a larger implicit rental price.
d) Interest rate = 5%
Old edition: Implicit Rental Price:
Normal annual cost = $200
5% of $1,500 = 75
Implicit rental price = $275
New Edition:
Normal annual cost = $150
5% of $2,000 = 100
Implicit rental price = $250
The old edition of the printer still has a higher implicit rental price of $270 compared to the new edition's $250, with a difference of $20.
Explanation:
Determining the implicit rental price for the 3D printer, one is forced to consider the lost interest that the investment in the printer would occasion. By this, the use of the implicit rental price ensures that the only cost of a project is not the direct costs, but also includes some opportunity costs. Opportunity costs are costs incurred from the revenue lost because another option is chosen.
What was the name of the Starbucks social media marketing campaign that allowed customers to customize a cup with art
Answers
Answer:
They did a doodling design contest.
Explanation:
Taking a cue from customers who have been doodling designs on cups for years, Starbucks is launching a White Cup Contest. The contest encourages customers in the U.S. and Canada to decorate a Starbucks cup with customized art, take a photo of it, and submit the design through social media using #WhiteCupContest
learn more here: https://stories.starbucks.com/stories/2014/starbucks-invites-you-to-decorate-its-iconic-white-cup/
Using tools, operating vehicles, and repairing equipment all involve working with _____.
people
data
things
none of the above
Answers
Answer:
things.
Explanation:
Using tools, operating vehicles, and repairing equipment all involve working with things.