Give an example of a good or service whose price changes very frequently and one whose price
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 42% (14 reviews)
There are many possible examples Goods that are standardized and are bought and sold in large ...View the full answer
Answered By
JAPHETH KOGEI
Hi there. I'm here to assist you to score the highest marks on your assignments and homework. My areas of specialisation are:
Auditing, Financial Accounting, Macroeconomics, Monetary-economics, Business-administration, Advanced-accounting, Corporate Finance, Professional-accounting-ethics, Corporate governance, Financial-risk-analysis, Financial-budgeting, Corporate-social-responsibility, Statistics, Business management, logic, Critical thinking,
So, I look forward to helping you solve your academic problem.
I enjoy teaching and tutoring university and high school students. During my free time, I also read books on motivation, leadership, comedy, emotional intelligence, critical thinking, nature, human nature, innovation, persuasion, performance, negotiations, goals, power, time management, wealth, debates, sales, and finance. Additionally, I am a panellist on an FM radio program on Sunday mornings where we discuss current affairs.
I travel three times a year either to the USA, Europe and around Africa.
As a university student in the USA, I enjoyed interacting with people from different cultures and ethnic groups. Together with friends, we travelled widely in the USA and in Europe (UK, France, Denmark, Germany, Turkey, etc).
So, I look forward to tutoring you. I believe that it will be exciting to meet them.
3.00+
2+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Economics questions
-
1. Arthur Okun distinguished between _____prices, which changed rapidly, and custom prices, which are slow to change. 2. For most firms, the biggest cost of doing business is _____. 3. The price...
-
Suppose Q D = 200 4P and Q S = 100 describe market demand and market supply in a given market. a. Algebraically find equilibrium price and quantity and support your answer graphically. b. What is...
-
Give an example of a good and a service that exhibit these seasonal demand patterns: a. Annual b. Monthly c. Weekly d. Daily
-
Why must we recognize and address challenges caused by diversity and work to implement a more inclusive healthcare workforce?
-
The percentage of people (to the nearest 10) responding to an advertisement is a random variable with the following probability distribution: x(%) ...P(x) 0 ......0.10 10 ......0.20 20 ......0.35 30...
-
Lon Min has developed a specialized airtight vacuum bag to extend the freshness of seafood shipped to restaurants. He has put together the following demand cost data: Initial inventory = 250 units...
-
Understand how international business differs from domestic business. L01
-
In deciding to go to a new organizational form, what impact should the capabilities of the following groups have on your decision? a. Top management b. Middle management c. Lower-level management
-
Andretti Company has a single product called a Dak. The company normally produces and sells 80,000 Daks each year at a selling price of $58 per unit. The company's unit costs at this level of...
-
McGuire decides to start slow with a project testing the increased automation of their horse feed line. Below are the projected cost of the expansion in automation, given a 5 year useful life of the...
-
Discuss three reasons why the use of fiscal policy to stabilize the economy is more complicated than suggested by the basic Keynesian model.
-
Define planned aggregate expenditure and list its components. Why does planned spending change when output changes?
-
Describe businesss social responsibility to its employees.
-
Archer Contracting repaved 50 miles of two-lane county roadway with a crew of six employees. This crew worked 8 days and used \($7,000\) worth of paving material. Nearby, Bronson Construction repaved...
-
An insurance company has the following profitability analysis of its services: The fixed costs are distributed equally among the services and are not avoidable if one of the services is dropped. What...
-
The Scantron Company makes bar-code scanners for major supermarkets. The sales staff estimates that the company will sell 500 units next year for 10,000 each. The production manager estimates that...
-
Determine the following: a. The stockholders equity of a company that has assets of \(\$ 625,000\) and liabilities of \(\$ 310,000\). b. The retained earnings of a company that has assets of \(\$...
-
You are the manager of internal audit for Do-It-All, Ltd., a large, diversified, decentralized manufacturing company. Over the past two years, the information systems function in Do-It-All has...
-
Explain three methodologies that can help operational auditors find the root cause of operational deficiencies.
-
What will be the final value of DI after executing the following piece of code? Execute the instructions dependently one after another. CLD MOU CX,OFOH MOU AX.02874H MOU DI,01000H MOU ES, DI SUB...
-
On June 1 , Job 17 had a beginning balance of \(\$ 100\). During June, direct materials of \(\$ 250\) and direct labor of \(\$ 300\) were added to the job. Overhead is applied to production at the...
-
What determines the income of the owners of land and capital? How would an increase in the quantity of capital affect the incomes of those who already own capital? How would it affect the incomes of...
-
Explain how a firms production function is related to its marginal product of labor, how a firms marginal product of labor is related to the value of its marginal product, and how a firms value of...
-
Give two examples of events that could shift the demand for labor, and explain why they do so.
-
Question 3 (24 marks) Wonderful Technology Company Limited sells computers and accessories. Data of the store's operations are as follow: Sales are budgeted at $400,000 for December 2019, $420,000...
-
Kratz Manufacturing Company uses an activity-based costing system. It has the following manufacturing activity areas, related cost drivers and cost allocation rates: Activity Cost Driver Cost...
-
You are a Partner with Fix-It Consultants and have been engaged in an advisory capacity with a software company, called MoveFast. The company is seeing a sharp decline in revenue, with the primary...
Study smarter with the SolutionInn App