if a business owner becomes aware of a shortage in the market for the good or service he or she produces, he or she is likely to

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Answer 1

Answer:

increase the price

Explanation:

they would increase the price to reduce demand


Related Questions

Which of the following is an example of capital loss?

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what are the options?

to derive a competitive advantage, firms can properly configure hr practices to drive ________ which leads to ________.

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When firms configure it HR practices to drive employees which leads to improved Firm performance, then the firm will derive competitive advantage over others.

In a firm, the Human personnel is saddled with the responsibility of effectively managing and motivating the employee for purpose of achieving productivity.

Competitive advantage of a firm entails an attribute which enables the company to outperform its competitors such as Increasing customer-base over other firms.

Therefore, when the firm HR drives the employees, productivity will be achieved which will then create an advantage of competition over other firms.

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External economies of scale occur when average costs of a​ firm: A. rise as the industry grows larger. B. fall as the industry grows​ larger, but may or may not rise as the representative firm grows larger. C. fall as the representative firm and industry grows larger. D. remain constant.

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We are required to explain how external economies of scale occur with a change in average costs of firm

Economies of scale can be defined as the rise in output as cost per unit decrease.

External economies of scale occur when average costs of a firm "fall as the representative firm and industry grows larger."

External economies of scale occur when a industry grows larger and representative firms benefit from lower long-run average costs.

External economies of scale can also be called positive external benefits of industrial expansion.

Therefore, External economies of scale occur when average costs of a firm "fall as the representative firm and industry grows larger."

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Reich uses the 'virtual cycle' to explain economic growth in the United States. Which economic group does he believe stimulates economic growth the most?ConsumersProducersGovernment

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Answer:

Economic growth can be caused by random fluctuations, seasonal fluctuations, changes in the business cycle, and long-term structural causes. Policy can influence the latter two.

Business cycles refer to the regular cyclical pattern of economic boom (expansions) and bust (recessions). Recessions are characterized by falling output and employment; at the opposite end of the spectrum is an “overheating” economy, characterized by unsustainably rapid economic growth and rising inflation. Capital investment spending is the most cyclical component of economic output, whereas consumption is one of the least cyclical. Government can temper booms and busts through the use of monetary and fiscal policy. Monetary policy refers to changes in overnight interest rates by the Federal Reserve. When the Fed wishes to stimulate economic activity, it reduces interest rates; to curb economic activity, it raises rates. Fiscal policy refers to changes in the federal budget deficit. An increasing deficit stimulates economic activity, whereas a decreasing deficit curbs it. By their nature, policy changes to influence the business cycle affect the economy only temporarily because booms and busts are transient. In recent decades, expansions have become longer and recessions shallower, perhaps because of improved stabilization policy, or perhaps because of good luck.

Long-term growth receives less attention from policymakers than cyclical growth. Yet in a broader view of history, long-term growth is the more important of the two because it is the key to raising living standards. Long-term growth is caused by increases in labor, capital, and productivity. Policy changes in the areas of education, taxation, competition, basic research, and infrastructure can influence the economy’s long-term growth rate, but only at the margins. Long-term growth has altered very little over most of U.S. history despite a broad array of policy changes. That fact is less surprising when one considers that the main contributor to long-term growth is technological progress, over which the government has little direct influence. In recent years, long-term growth has accelerated modestly because of higher productivity growth, driven mainly by what is popularly referred to as the “information technology (IT) revolution.” Although the government had little direct influence over the IT revolution, it provided an environment in which those technological changes were allowed to thrive, which likely explains why many other economies did not experience a similar productivity acceleration.

Explanation:

Fong, a member of Toronto's Amazon Employees for Climate Justice explains "as employees we are supposed to challenge leadership on what we think is morally right…I don't strike out of of sense of guilt or obligation to anyone else. I strike because I care about this cause and I want to continue to be proud of the organization to which I dedicate my time." Fong likely scores high on which commitment(s) towards his job?

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Answer:

ask a teacher

Explanation:

________ is the process of examining data sets in order to draw conclusions about the information they contain.

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Answer:

Data analytics

Explanation:

if gdp is $15 trillion, consumption is $9 trillion, government spending is $2 trillion, investment is $3 trillion, and exports are $3 trillion, then imports must be $____ trillion.

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The imports of this country are around $2 trillion.

The GDP of a nation refers to the value of all the final goods and services produced in the country in that year. It is calculated by the formula:

GDP = Consumption + Government Spending + Investment + Exports - Imports

15 = 9 + 2 + 3 + 3 - Imports

15 = 17 - Imports

Imports + 15 = 17

Imports = 17 - 15

Imports = $2 Trillion

In conclusion, the imports are $2 Trillion

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when you love your job, the opportunity cost of working is _____ the opportunity cost if you dislike your job.

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Answer:

When you love your job, the opportunity cost of working is lower than the opportunity cost if you dislike your job.

Explanation:

There is a relation between liking or not liking your job and the opportunity cost. When a worker is happy, they are more likely to work harder.

If the opportunity costs of working is the same as the opportunity cost if you dislike your job, then you would feel indifferent or ok with your job.

If the opportunity cost of working was higher than the opportunity cost if you dislike your job, then you would likely NOT love your job, but hate  or dislike your job and would want to find another job.

If the opportunity cost of working was lower than the opportunity cost if you dislike your job, then you would likely love or like your job.

advantage of running a business with someone and disadvantage​

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advantages are you can split the workload and the costs between the two of you, but the disadvantages are more prone to infighting, and you have to split the profit

what type of company purchases raw materials and makes goods to sell?

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Answer: Manufacturers

future value computations are often referred to as

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Answer:

Discounting

Explanation:

Future value computations are often referred to as. - Discounting.

accumulated depreciation and depreciation expense are classified, respectively, as

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Answer:

Expensive, contra asset

Explanation:

1.) what is procrastination

2.) is it okay to reassess and adjust your goals?

Answers

Explanation:

1.procrastination is to delay something that you should do usually because you don't want to do it

2.No

what level of market coverage is typically used for products like honest tea beverages?

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The level of market coverage that is been utilized in marketing some products such as honest tea beverages is Intensive distribution

Intensive distribution can be regarded as form of marketing strategy whereby a company tries to sell its product using small vendor and at times  big store.

It  helps in the creation of brand awareness of the product which later result to higher sales. This method is been used fir products such as soft drinks, cigarettes.

Therefore, Intensive distribution utilize retailers in distribution of goods

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Explain why it is important to maintain good relationships with: a) Colleagues. b) Supervisors. c) Internal clients. d) External clients

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Answer:

c

Explanation:

if a nonbinding price floor is imposed on a market, then the

Answers

if a nonbinding price floor is imposed on a market, then the quantity sold will stay the same.

Here are the options of this question:

then the a quantity sold in the market will stay the samequantity sold in the market will decreaseprice in the market will increaseprice in the market will decrease

A price floor is when the minimum price for a good or service is set by the government or an agency of the government. Price floor is usually set for agricultural products. This is done to encourage suppliers of goods and services.

Types of price floor

Binding price floor: this is the price floor that is set above equilibrium price. When the price floor is binding, the supply of a good would increase.  

Non-binding price floor: this is the price floor that is set below equilibrium price. When the price floor in nonbinding, there would be no change in supply.

An example: If the price of a good is $10. The equilibrium price is $12. If the government sets the price as $14. This is a binding price floor. If the price is set below $12, it is a nonbinding price floor.

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to decide how much an insurance policy should cost a customer, underwriters use ________, such as historical industry trends and loan characteristics, to predict risk levels.

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To decide how much an insurance policy should cost a customer, underwriters use: Data analytics.

Data analytics can be defined as the systematic computational collection, modelling and analysis of raw data, in order to discover trends, patterns, and draw conclusions about the information that are contained in the data.

An insurance policy can be defined as a contractual agreement between an insurer and an insured (policyholder), in which the claims, terms and conditions binding on both parties are listed in details.

Thus, it is a contract in which an insurer indemnifies an insured (policyholder) against losses in the event of certain dangers or problems.

Underwriting refers to a process through which an insurer determines the risks of insuring a customer and establishing the required cost (price).

Basically, underwriters use data analytics to predict risk levels and determine how much an insurance policy should cost a particular customer. Some examples of the data used by underwriters are:

Loan characteristics.Historical industry trends.

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Jacqui decides to open her own business and earns $90,000 in accounting profit the first year. When deciding to open her own business, she withdrew $20,000 from her savings, which earned 3 percent interest. She also turned down three separate job offers with annual salaries of $30,000, $40,000, and $45,000. What is Jacqui's economic profit from running her own business

Answers

Jacqui's economic profit from running her own business is: $44,400

Using this formula

Economic profit =(Accounting costs - Implicit costs)

 

Where:  

Accounting profit = $90,000

Implicit costs=($20,000 x 3%) + $45,000

Let plug in the formula

Economic profit=$90,000-[($20,000 x 3%) + $45,000]

Economic profit=$90,000-($600+$45,000)

Economic profit=$90,000-$45,600

Economic profit=$44,400

Inconclusion Jacqui's economic profit from running her own business is: $44,400

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the first step in the process of organizing a business is to

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Answer:determine the work that needs to be done

Explanation:

what is one characteristic of a command economy? citizens are responsible for providing their own health care. citizens can easily start their own businesses. the government controls the prices of most goods. the government prohibits the use of money.

Answers

One of the characteristic of a command economy is : The government controls the prices of most goods.

What is a command economy?

A command economy is an economy controlled by the government as opposed to being controlled by fluctuations in the market. Here, the government determines what items will be produced, how much of them, and at what price they will be sold.

It is to be noted that a command economy is one of the features of communist society in which the government also control investment and income.

Hence, one of the characteristic of a command economy is that the government controls the prices of most goods.

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Answer:

The government controls the prices of most goods.

Explanation:

as consumer demand for new cars increases, tire makers and steel and aluminum suppliers may experience an increase in demand for their products, which is an example of:

Answers

The increase in demand for tire makers, steel and aluminium suppliers is an example of derived demand.

Derived demand is the demand for a good or service as a result of an increase in the demand for another good or service. Labour and raw materials usually have a derived demand.

As the demand for new cars increase, car makers would want to produce more cars in order to meet the increased demand. This would lead to an increase in the raw materials and labour that is needed to make more cars. On the other hand, if there is a decrease in the demand for new cars, there would also be a decrease in the demand for the raw materials and labour that is needed to make more cars.

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John has just paid off the full balance of his credit card. What happens to the
debt?

a. John will be paid an interest
b. It is added back to his credit limit to be used again
c. His credit limit will be increased
d. It remains a debt

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Answer:

I think the answer is B. If It's correct please give the brainliest award.

John has just paid off the full balance of his credit card. It is added back to his credit limit to be used again. Thus the correct option is B.

What is a credit card?

A credit card is referred to as plastic money that allows an individual to do shopping or buy products above the limit of credit cards by borrowing from the bank.

When an individual paid off the full balance of his credit card. It gives a good impression on the lender and helps in improving the credit rating of an individual and can allow for ease in accessing loans.

When an individual pays off the full balance that amount is added to the account and the credit limit can be used again. when the payment is not made timely the interest will be charged at a particular rate.

Therefore, option B is appropriate.

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PLS HELP PLS
1. How has the job market changed?
2. Will computers/technology affect jobs? How? Or why not?
3. What does the future hold for your generation?

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1. Employees in low-wage jobs saw the biggest decline in employment. Employment among low-wage employees decreased by 11.7 percent from February 2020 to February 2021, from 28.1 million to 24.8 million. This contrasts to a 5.4 percent drop in employment for middle-wage employees, who lost 5.5 million jobs during the same time.

2. Looking at the workforce as a whole, one of the more contentious issues surrounding the effects of computers on employment is that is creates and destroys jobs at different ends of the economy. Computers tend to create high-paying, high-skill technical jobs and destroy low-paying, low-skill jobs.

3. More than 2.5 million Alphas are born every week and by 2025 there will be almost two billion of them. Born to digital technology like it's a fifth element of nature, Alphas will be the wealthiest, the most intensely educated and most dynamic generation that human society has yet seen.

please help me asap!

Answers

Answer:

Indirect

Explanation:

Please give brainliest.

Which person used a cost-saving strategy when deciding how to spend their money?

a. when selecting a new tablet, Rosita carefully read about the features of each model.

b. when purchasing a new jacket, Thao chose the one that was manufactured locally.

c. when choosing which coffee to buy, Ivan chose the brand with the "fair trade" label.

d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.

will give brainliest!

Answers

d. when buying a used dirt bike, Fabian negotiated with the seller to get a better deal.
(cost-saving)

The person who used a cost-saving strategy when deciding how to spend their money is the Fabian who negociated with the seller to buy a used dirt bike to get a better deal.

What is cost-saving stategy?

The strategy in which we analysis the basic requirements which are necessary and on which minimum cost can be made in a business

What is a dirt bike?

The bikes which are generally used in dirts to have races or to have friction with the roads with dirts.

Hence, option D is the correct answer

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Sarah has decided that she never wants to go into debt. Therefore, she only uses her
debit card and cash for purchases. The store where she is planning to purchase a dining
room set charges a 15% annual interest rate for all store credit card purchases. If Sarah
saves up the cash and uses her debit card to purchase her new $1,200 dining room set,
how much will she have to pay in interest?

Answers

The amount that Sarah will have to pay as interest will be $180

Based on the information given, the following can be depicted:

Cost of dining room set = Principal = $1200

Interest rate = 15%

Time = 1 year

The simple interest will be calculated using the formula:

= PRT/100

= (1200 × 15 × 1) / 100

= 18000/100

= 180

Therefore, based on the calculations above, the interest that'll be paid by Sarah is $180.

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going to the movies is an example of what types of expenses?

Answers

Discretionary (non-essential) expenses

which type of workplace discrimination occurs when an organization uses an employment practice that results in unfavorable outcomes to a protected class?

Answers

Answer:

searchhhh mo saaa

Explanation:

GOOoogle

an external auditor is required to be independent when performing:

Answers

Answer:

Independence of the external auditor means independence from parties that have an interest in the results published in financial statements of an entity. ... Internal and external concerns are convoluted when nominally independent divisions of a firm provide auditing and consulting services

An external auditor is required to be independent when performing: their duties.

Who is an auditor?

An auditor is someone who is responsible for evaluating the validity and reliability of a company or organization's financial statement. An accounting record so audited will be relied upon by management and investors in making their investment decision.

Independence of the external auditor means independence from parties that have an interest in the results published in financial statements of an entity. Internal and external concerns are convoluted when nominally independent divisions of a firm provide auditing and consulting services.

Hence, an external auditor is required to be independent when performing their duties.

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Careers of the future are easy to predict.
False or true

Answers

Answer:

False

Explanation:

False

This is false because you don't know if there will be new careers developing within time and and new job opportunities are going to be available.

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