Economics - What’s an example where the market approach would not be appropriate? Why?

Answers

Answer 1

try defining what a market approach is: a method of determining the value of a product based on the selling price of similar products.

you can then proceed to think of a specific product or brand which is extremely overpriced (meaning sales volume will be low) or underpriced (meaning profit is not as much as it could be).

a simple example of this could be misjudging the value of real estate, and selling houses, land and other infrastructure for either much more or much less than you should


Related Questions

In perfect competition, firms will be able to earn economic profits in: Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer. a the short run, only. b the long run, only. c the short and in the long runs. d neither the short or in the long runs.

Answers

In perfect competition, firms will be able to earn economic profits in the short run.

What is perfect competition?

A perfect competition is characterized by many buyers and sellers of homogenous goods and services.

In the long run, firms earn zero economic profit.  If in the short run firms are earning economic profit, in the long run firms would enter into the industry. This would drive economic profit to zero.

To learn more about perfect competition, please check: https://brainly.com/question/17110476s

What types of financial records do you need to keep for tax purposes?

a. pay stubs

b. bank statements

c. receipts

d. all of the above

e. none of the above​

Answers

Answer:

All of the above

Explanation:

They are all financial records you need to keep or tax purposes

An advertising agency that specializes in one aspect of the creative process is known as a(n) ________ agency.

Answers

Answer: Limited Service

Explanation:

Limited service agencies specialize in one aspect of the advertising process, such as providing creative services to develop the advertising copy.

If your marginal propensity to consume is 0. 4 and you get an additional $300 in income, you would spend ________ on consumption.

Answers

I will spend $120 on consumption if marginal propensity to consume is 0. 4 and i get an additional $300 in income.

What is marginal propensity to consume(MPC)?

Marginal propensity to consume (MPC) is the portion of an income that a person spends instead of saving the income.

The marginal propensity to consume(MPC) is computed as

= Change in consumption / Change in income.

However, the consumption would be

= Change in income * marginal propensity to consume(MPC)

= 0.4 x 300

= $120

Hence, I will spend $120 on consumption if marginal propensity to consume is 0. 4 and i get an additional $300 in income.

Learn more about marginal propensity to consume(MPC) here : https://brainly.com/question/6450400

Regina, Brock, and Sean are website designers who have been tasked to create a new website together.

This is an example of:
alliance
collaboration
punctuality
relationship

Answers

Answer:

B: Collaboration

Explanation:

I took the test

Answer:

B: Collaboration

Explanation:

I took the test

For the purpose of content marketing, the ______ portion of strategic planning focuses on how content marketing can help achieve certain goals and objectives.

Answers

The strategies portion of strategic planning focuses on how content marketing can help achieve certain goals and objectives.

What is content marketing?

Content marketing is a marketing strategy and  can be defined as the way of creating product awareness  so as to attract potential customers by making use of media channels to market a product.

Most companies tend to make use of content marketing to advert or market their product so as to increase sales.

Therefore  The strategies portion of strategic planning focuses on how content marketing can help achieve certain goals and objectives.

Learn more about content marketing here:https://brainly.com/question/25778296

#SPJ1

 

What document explains your rights and responsibilities as a federal.

Answers

Master Promissory Note (MPN) is a type of promissory
One or more loans for one or more academic years can be made using the MPN (for up to 10 years). It explains your rights and duties as a borrower and includes the terms and conditions under which you agree to repay the loan in full.

Both ________ and ________ are monetary liabilities of the fed.

Answers

answer: currency in circulation, reserves

If the existing product is being sold to teenagers in one country and new entry involves selling the existing product to teenagers in a new country then this represents a new product use. Group startsTrue or False

Answers

It is FALSE to assert that it is a new product use if an existing product is sold to teenagers in one country and a new entry involves sales to teenagers in a new country.

What is a new product use?

A new product use refers to the first usage of a new product by customers anywhere in the world.  A new product is also new even to the company that sells it.

But if the company had acquired some selling experience about the product in one country, it is not a new product use when it sells the product in a new country.

Thus, it is FALSE to assert that it is a new product use if an existing product is sold to teenagers in one country and a new entry involves sales to teenagers in a new country.

Learn more about new products development at https://brainly.com/question/6786480

These lists outline the details of two jobs. which job-related factor do both lists show? family needs job location personal life annual wages

Answers

The lists that detailed the two jobs are related to the annual wages and job-related factors.

What do you mean by a job?

A job refers to the type of work that needs to be done to get money in return. In other words, it refers to the task that is a responsibility of a person to do.

Both these lists detail the two jobs regarding the annual wages job-related factor.

Therefore, D is the correct option.

Learn more about the Job here:

https://brainly.com/question/14215435

Answer:

D

Explanation:

Warranties must be prominently displayed on vehicles being sold, as
guaranteed by the
O A. Credit Card Accountability, Responsibility, and Disclosure Act
B. Used Car Rule
O C. Uniform Commercial Code
O D. Bill of Consumer Rights

Answers

Answer:

B. Used Car Rule

Explanation:

Warranties must be prominently displayed on vehicles being sold, as guaranteed by the Used Car Rule. Hence, option B is correct.

What is warranty?

A warranty is a form of written guarantee granted to a purchaser, by the virtue of which the purchaser is insured of any mentioned damages within a specified period, or as per the conditions of the issue of warranty.

As per the regulations made under the Used Car Rules, a seller has to specifically mention the details of warranties available to the buyer or purchaser upon the purchase of used vehicles.

Hence, option B holds true regarding the warranties on vehicles being sold.

Learn more about warranty here:

https://brainly.com/question/27241092

#SPJ5

Unearned subscription revenues often consist of liabilities that will come due within one year and beyond one year. This is an example of a _______ known liability.

Answers

Unearned subscription revenues are frequently made up of liabilities that will be due within a year or later. This is an example of a known obligation for the current period.

What is Unearned subscription revenue?

Unearned revenue refers to business income that has been received but has not yet been earned. When insurance premiums, rent, membership fees, or maintenance contract fees are received prior to the customer obtaining the agreed-upon benefit, they are examples of unearned revenue. Subscription fees are frequently unearned income. It is represented as a liability on a company's balance sheet because it indicates a debt owed to the consumer.

For more information about Unearned revenue refer to the link:

https://brainly.com/question/14952769

#SPJ1

The objective of inventory management is to minimize the cost of holding inventory. Group startsTrue or FalseTrue, unselectedFalse, unselected

Answers

The given statement that states that the objective of inventory management is to minimize the cost of holding inventory is true/.

What is Inventory?

This refers to the "taking of stock " of goods in a given warehouse by writing out the necessary information in an accounting book.

Hence, we can see that as a result of this action, inventory management is set up to reduce the cost of the holding inventory by having an effective system in place to track the goods.

Read more about inventory here:

https://brainly.com/question/24868116

#SPJ1

In many countries, one of the roles of the central bank is to provide loans to distressed financial institutions. What is the term for this

Answers

Answer: Lender of last resort

In their ________ roles, managers interact with people inside their work units; while solving problems is part of their ________ roles.

Answers

Answer:

I think that the correct option is Interpersonal; decisional

Explanation:

in their interpersonal roles managers ineract with people inside their work units while solving problems is part of their decisional roles.hope this helps if not please let me know.

From 1979 to 2019, real earnings decreased for those having only a high school education or less. among the possible explanations for this trend offered by economists are:

Answers

Real earnings decreased for high school education because globalization has helped those with greater education more than those with less education.

Decrease in real earnings

Due to globalization  people with higher education or higher qualification has more advantage over those with lesser education or high school education.

This occur because technological changes in recent decades has lead or result in high demand for people with more or higher education.

Inconclusion real earnings decreased for high school education because of globalization.

Learn more about Decrease in real earnings here:https://brainly.com/question/25302588

There are two distinct types of goals, and the only difference between them is how long it takes an individual to reach the goal.


True


False

Answers

Answer:

True

Explanation:

The answer for your question is true

In his fourth-grade class, Mr. Gold is incorporating a play about Benjamin and Deborah Franklin into the study of the history of the events leading up to the Declaration of Independence in 1776. Although Mr. Gold is somewhat new at directing, he knows that organizing the different aspects of producing the play are one of the main keys to a successful production. His best first step in organizing the production is:

Answers

The first step in organizing production is planning the process and developing the project budget and schedule, such as rehearsals and performance review.

What is project planning?

It corresponds to practices that are implemented at the beginning of the project, which will help achieve the objectives, that is, they are actions that direct the management and structure the details of the project.

Therefore, it is essential that in every project there is a focused and aligned planning to the available resources, such as time and needs, so that the objectives are achieved effectively.

Find out more about planning here:

https://brainly.com/question/24864915

If i get paid bi weekly how many paychecks in a year.

Answers

Answer:

52 paychecks

Explanation:

Because there is 52 weeks in a year.

-Hope This Helps!

-Justin:)

if you want a higher interest rate and need to make only a few transactions per month, which type of account should you choose?
1. Certificate of deposit
2. Checking account
3. Savings account
4. Money market account

Answers

Answer:

Money Market Account

Explanation:

Limits your number of monthly transactions.

Slightly higher interest rates than the basic savings account.

Answer:

1. Certificate of deposits

Explanation:

that is the answer

The Industrial Revolution was characterized by a(n) Group of answer choices migration of manufacturing jobs from the Midwest and Northeast to the South as firms began locating in areas where labor costs were lower.

Answers

The Industrial Revolution was characterized by the increased emphasis on production which resulted to a longer hours and less job security for most workers.

What is an Industrial Revolution?

This was a period that experienced a rapid development of industry because of the introduction of machinery.

The Industrial Revolution was characterized by use of steam power, growth of factories, mass production etc

Therefore, the Option A is correct.

Missing options "A. increased emphasis on production, resulting in longer hours and less job security for most workers.

B. migration of manufacturing jobs from the Midwest and Northeast to the South as firms began locating in areas where labor costs were lower.

C. rapid improvement in the wages and working conditions of most workers, resulting in a decline in the need for labor unions.

D. movement away from scientific management, and a greater acceptance of the ideas of Herzberg and Maslow."

Read more about Industrial Revolution

brainly.com/question/13323062

A state is looking to reduce the cost of transportation, which uses 7. 10×1014 btus per year. Currently the cost of 106 btus is $20. 0. How much will the state save in one year if they implement regulations requiring all transportation methods to be 20% more efficient?.

Answers

If the state was able to make transportation methods 20% more efficient, then based on the cost of transportation, they would save $2.84 billion.

How much would the city save?

First, find the current cost of transportation:

= Transportation usage x Cost of transportation

= 7.10 x 10¹⁴ x 20 / 10⁶

= $14.2 billion

If methods became 20% more efficient then 20% of savings will be made:

= 14.2 x 20%

= $2.84 billion

Find out more on the being more efficient at https://brainly.com/question/25927632.

The ability of a product or service to meet customer needs refers to ______. Multiple choice question. benchmarking quality continuous improvement inventory

Answers

Answer:

Quality DefinitionDefinitionDefinitionDefinition

Explanation:

ComChip is a computer chip manufacturer. Its stock is selling at​ $50 per share and earnings are​ $2 per share. What is the​ stock's P/E​ ratio?

Answers

The price to earnings ratio is 25

Using a brokerage firm, a qualified investor buys 1000 shares of a common stock at $50 a share on 50% margin. This means that the:.

Answers

If the common stock is $50 a share on 50% margin. This means that the: brokerage firm is lending the investor 50% of the money.

Brokeage

Common stock:

Common stock=1,000 shares×$50 per share×(50% margin)

Common stock=$50,000×50% margin

common stock=$25,000

Based on the above calculation the 50% margin simply means that the brokeage company is borrowing the investor the 50% of the money which is $25,000.

Therefore this means that the: brokerage firm is lending the investor 50% of the money.

Learn more about Brokeage here:https://brainly.com/question/24302053

True or False: Although price searchers can set their prices, the prices they can set are still affected by market conditions. True False

Answers

Although price searchers can set their prices for products, the prices they can set are however, still affected by market conditions: True.

What is price?

Price refers to the amount of money that is set by a seller and must be paid by a buyer (customer) to the seller (producer), so as to enable the acquisition of these goods or services.

Although price searchers can set their prices for the goods (products) they sell or service they render, the prices they can set are however, still affected by various market conditions such as:

InflationRecession

Read more on price here: https://brainly.com/question/11898489

Dade Corp. has residual income of $10,840. If operating income equals $31,000 and the minimum required rate of return is 8%, what are average invested assets

Answers

Based on residual income, the operating income, and the minimum rate of return, the average invested assets must be $252,000.

What are the average invested assets?

First find the required return on assets amount as:

= Operating income - Residual income

= 31,000 - 10,840

= $20,160

This amount is equal to the 8% required rate of assets so the average invested assets is:

= Required return amount / Required return rate

= 20,160 / 8%

= $252,000

Find out more on the uses of required rate of return at https://brainly.com/question/14053729.

Each month Mary and Brad Johnson have lengthy discussions about their household spending. They do not understand why they are continually short of money even though they both have good salaries. What actions might be taken to avoid personal and financial difficulties?

Answers

Mary and Brad needs to do certains things like keep the track of payments which they are spending, keep the budget, balance checkbook, make short and long term goals, these activities helps the both to avoid financial difficulties.

What is balance checkbook?

When you reconcile your checking account or checkbook, you ensure that the records you've kept for all of your spending and income match what the bank states on your physical or online statement.

Balancing the checkbook is a means of ensuring that records  correspond to those of the bank.

Thus, they need to keep the records of transcations.

For more details about balance checkbook, click here

https://brainly.com/question/3599517

#SPJ1

________ is a unique forum that has evolved into the primary regional vehicle for promoting trade liberalization and economic cooperation, and includes all the major economies around the Pacific Rim, from Russia to Chile to Australia.

Answers

Answer:

The answer is APEC

Explanation:

Hope this helps:)...if not then sorry for wasting your time and may God bless you:)

Rhonda miller wants to take out a 4 year loan to purchase a car. What type of computation would she use to calculate her monthly payments?.

Answers

Rhonda miller wants to take out a 4-year loan to purchase a car. What type of computation would she use to calculate her monthly payments?

  ⇒ Present Value of an annuity

Hope that helps!

Other Questions
34-w=6 is the question I need answered. At Garcia's Bike Rentals, it costs 31 to rent a bike for 7 hours. How many hours of bike use does a customer get per dollar? How does carbon move around on Earth? The quotient of and a number n results in. What is the value of n? Find BC.Round to the nearest tenth. Look at the image provided below to answer the question, please. For the function f(x)= x-6 +1, find the inverse function. HELP FAST 90 POINTS!!!!Read the paragraph. Eleanor Roosevelt was the wife of President Franklin Delano Roosevelt. She fought for many social causes, including womens issues, civil rights, and improved working conditions. After her time in the White House, she became a spokesperson for the United Nations.Which are the best questions to use for researching Eleanor Roosevelt? Check all that apply.Why is Eleanor Roosevelt so famous?What challenges did Eleanor Roosevelt face?How much is known about Eleanor Roosevelt?Which causes were important to Eleanor Roosevelt?What were Eleanor Roosevelts top accomplishments as First Lady? a blank is a transformation that changes the slope of a line a) Explain how the various teeth are adapted for nutrition on mammals. (8mks) Which of the following describes the principle of art used in Romero Brittos's The Best Buddies Friendship Bear? aTwo hearts create emphasis. bThe sculpture has a smooth and shiny texture. cThe sculpture is outside. dRed and green are complementary colors. A bedroom door has a perimeter of 26 feet and an area of 36 square feet. What are the dimensions of the door? Which of the following is a healthy eating pitfall that can lead to an energy spike followed by a sharp crash?O Drinking caloriesO Eating sugarSkipping breakfast 6 divided by 2 = n pls help Past due please answer I'll mark brainlist with 100 points Adapt the speech you delivered in Lesson 2 to an audience of professionals, teachers, and parents. The audience expects a more formal delivery. Your listeners also expect you to use media such as images and audio to make your speech more convincing and easier to understand. Franklin Roosevelt's Four Freedoms speech What three criteria are used to determine whether something is a homology or analogy?. I really need help! Pls! Find the width of a cereal box that has a volume of 2,310 cm3 and is 22 cm long and 21 cm high. Which two authors listed below was John Ruskin influenced by?Select one or more:a.Edgar Allan Poeb.Jonathan Swiftc.The Bibled.Charles Dickense.Shakespeare Hello, I was told to draw what our personalities are, can you guess what it is? I need it to be simple enough to tell before turning it in.