subject
Business, 19.10.2019 02:30 Amari1010

Suppose that firms a and b each produce high-resolution computer monitors, but firm a can do so at a lower cost. cassie and david each want to purchase a high-resolution computer monitor, but david is willing to pay more than cassie. if firm b produces a monitor that david buys, then the market outcome illustrates which of the following principles? (i) free markets allocate the supply of goods to the buyers who value them most highly, as measured by their willingness to pay.(ii) free markets allocate the demand for goods to the sellers who can produce them at the least cost. a. neither (i) nor (ii)b. (i) onlyc. (ii) onlyd. both (i) and (ii)

ansver
Answers: 2

Another question on Business

question
Business, 21.06.2019 13:30
Iwant to be an engineer but cant do math for the life of me, but i also want to be a cop."what should i do"
Answers: 3
question
Business, 22.06.2019 11:30
Which of the following statements about cash basis accounting is true? a. it is more complicated than accrual basis accounting. b. the irs allows all types of corporations to use it. c. it follows gaap standards. d. it ensures the company always knows how much cash flow it has.
Answers: 2
question
Business, 22.06.2019 14:30
In our daily interactions we can find ourselves listening to other people solely for the purpose of finding weakness in their positions so that we can formulate a convincing response. select one: true false
Answers: 1
question
Business, 22.06.2019 15:30
Brenda wants a new car that will be dependable transportation and look good. she wants to satisfy both functional and psychological needs. true or false
Answers: 1
You know the right answer?
Suppose that firms a and b each produce high-resolution computer monitors, but firm a can do so at a...
Questions
question
Mathematics, 26.06.2020 15:01
question
Mathematics, 26.06.2020 15:01
question
Mathematics, 26.06.2020 15:01