13. In a market system, how are the terms of exchange established? a. Consumer advocacy groups establish fair prices for items, and most firms follow pricing guidelines because they don't want to anger their customers. b. Industry associations establish an acceptable price range for each commodity sold within the industry, and member firms are obligated to abide by these guidelines. c. The forces underlying supply and demand interact to determine the market price. d. Federal legislation establishes maximum prices for most goods, and state governments regulate the prices of any remaining items.
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Business, 22.06.2019 10:00
mary's baskets company expects to manufacture and sell 30,000 baskets in 2019 for $5 each. there are 4,000 baskets in beginning finished goods inventory with target ending inventory of 4,000 baskets. the company keeps no work-in-process inventory. what amount of sales revenue will be reported on the 2019 budgeted income statement?
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Business, 22.06.2019 13:30
Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?
Answers: 3
Business, 23.06.2019 00:20
Firms like papa john’s, domino’s, and pizza hut sell pizza and other products that are differentiated in nature. while numerous pizza chains exist in most locations, the differentiated nature of these firms’ products permits them to charge prices above marginal cost. given these observations, is the pizza industry most likely a monopoly, perfectly competitive, monopolistically competitive, or an oligopoly industry?
Answers: 1
Business, 23.06.2019 00:40
Skathy lee berggren, a professor of oral communication at cornell university, indicates “a lot of my students really [only] scratch the surface with the type of research they’re doing.” according to andy guess, at inside higher ed, “just because students walk in the door as ‘digital natives’, doesn’t mean they’re equipped to handle the heavy lifting of digital databases and proprietary search engines that comprise the bulk of modern, online research techniques.” students erroneously think a google search is research. as you read through the reasons that should stimulate your interest in studying research methods or evaluate the nine factors that guarantee good research, what actions do you propose to narrow the gap between students’ research competence and what’s required of a modern college graduate about to become a manage
Answers: 1
13. In a market system, how are the terms of exchange established? a. Consumer advocacy groups estab...
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