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Maksim231197 [3]
2 years ago
13

Kelly decides to stop studying for a math test and spend the last 1/2 hour of study time working on her public speaking presenta

tion. This vignette best illustrates the economic principle that:a. resources should be used efficiently.b. decisions are made at the margin (marginal analysis)c. markets have an innate tendency to move towards equilibrium.d. people respond to incentives.
Business
2 answers:
AVprozaik [17]2 years ago
7 0
<h2>Answer:</h2>

Im not 100% sure, but I think the answer is: <u>A. Resources should be used efficiently</u>

<h2 /><h2>Explanation:</h2>

Kelly is studying for her math test and then she realizes that she still need to work on her public speaking project and she only has half of an hour to study, so this is an example of <u>Limited Resource</u> which in this case, <u>The Limited Resource is Time.</u>

<u>So that is how I got to the conclusion that the answer is A.</u>

<h2>Hope this helped! Good luck and have a great day!</h2>
Oduvanchick [21]2 years ago
3 0

Answer:

A

Explanation:

give da other person brainlyest

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Select all the statements that are true about Secondary Markets only.
Contact [7]

Answer:

The secondary market is the market in which securities are traded. This market no longer accumulates new financial resources for the issuer, but only reallocates resources among subsequent investors.

As a resale mechanism, it allows investors to freely buy and sell securities. In the absence of a secondary market or its weak organization, the subsequent resale of securities would be impossible or difficult, which would discourage investors from buying all or part of the securities. As a result, society would be left on the losing side, since many, especially the newest, undertakings would not receive the necessary financial support.

5 0
1 year ago
Consider airfares on flights between New York and Minneapolis. When the airfare is $250, the quantity demanded of tickets is 2,0
Andrei [34K]

Answer:

c the price elasticity of demand is about 1.43 and an increase in the airfare will cause airlines' total revenue to decrease.

Explanation:

q1 2,000 p1 250

revenue1 = quantity x price = 2,000x250 = 500,000

q2 1,700 p2 280

revenue2 = 1,700 x 280 = 476,000

<u>Midpoint formula:</u>

E_p\frac{q_1-q_2}{\frac{q_1+q_2}{2}} \div\frac{p_1-p_2}{\frac{p_1+p_2}{2}}

\frac{2,000-1,700}{\frac{2,000+1,700}{2}} \div\frac{250 - 280}{\frac{250 + 280}{2}}

\frac{300}{1850} \div\frac{-30}{265}

Ep = -1.432432432

As the price elasticity is above -1 the decrease in quantity is greater than the decrease in price thus, the revenue of the firm decreases if increase the price.

8 0
2 years ago
Genovese Contracting, Inc., agrees to build a warehouse for Hawthorne Wholesale Distributors. When Genovese runs into the types
Andrej [43]

Answer:

4: not enforce it.​

Explanation:

It may be stated that the court does not exercise this additional agreement in this particular case based on the information provided in the question. This is due to the fact that it is not directly clear for payment. Because they make extra payments for the Genovey contract, they try to overcome the odds, and if these limitations are beyond their control they cannot do so.

8 0
2 years ago
(Prepared from a situation suggested by Professor John W. Hardy.) Lone Star Meat Packers is a major processor of beef and other
Wewaii [24]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

1 Pound T-bone:

Selling price ($7.95 per pound) $ 7.95

Joint costs= $3.80

Profit per pound $ 4.15

Further process:

It costs $0.55 to further process one T-bone steak.

6-ounce filet mignon and one 8-ounce New York cut.

The filet mignon can be sold for $12.00 per pound, and the New York cut can be sold for $8.80 per pound.

A) Filet mignon: $12.00 pound

1 ounce= 16 ounce

0.375= 6 ounce

Price= 0.375*12= $4.5

New York cut= $8.80 a pound

Price= 0.5*8.80= $4.4

Sales= 4.5+4.4= $8.9

Costs= 3.80 + 0.55= 4.35

Profit= $4.55

B) It is more profitable to further process the T-bone stake by $0.40.

7 0
2 years ago
Mauve Inc. purchased a global data collection and management system that provides detailed information about each of its custome
Lesechka [4]

Answer:

Mass customization

Explanation:

Mass customization can be defined as the way in which a company or an individual produce large or mass amount of product that meet their customers wants and needs and this is happen when the company or the organisation identify the individual needs of all their customers and provide tailored products and services thereby offering the customers a range of features they can either add or subtract.

Therefore In MASS CUSTOMIZATION it is important for the company or organisation to focus on developing variety of unique mass products that will satisfy their customers needs and by doing this it will lead to higher or greater retention of their customers reason been that the products have options which are tailored to personal tastes of the customers .

3 0
1 year ago
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