Adam smith suggests that increased competition will allow prices to be kept ______________________
a
low
b
unmeasurable
c
high
d
none of these

Answers

Answer 1

Adam Smith suggests that when there is increase in competition then the prices for the goods will be low. Thus, option a. is correct.

What is the nature of competitive market?

The competitive market is the market scenario when there is high level of competition among various companies who produce same category of goods. In this case due to competition the prices of the goods can either go low for attracting more customers.

Thus, the theory of Adam Smith says that when there is increased market competition then the businesses will keep the price low till a level then it can be unmeasurable.

Therefore, option a is correct.

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Related Questions

Lola is in the process of selecting a campaign type to suit her business objectives. Why is it important that she consider business objectives before choosing her campaign type?

Answers

Digital advertisement services will mechanically create advert messaging based on the marketing campaign kind Lola chooses. The marketing campaign kind selected will decide which advertisements seem and the layout of these advertisements.

What are Business Objectives?

Business objectives provide you the ability to monitor yourself and what kind of progress you are making. They offer a vital test that maintains you from turning blinded by your bias.

Objectives additionally assist to evaluate the personnel, in addition, to allowing personnel compare themselves.

Therefore, Digital advertisement services will mechanically create advert messaging based on the marketing campaign kind Lola chooses. The marketing campaign kind selected will decide which advertisements seem and the layout of these advertisements.

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Monetary policy refers to government actions that pursue what goal

Answers

Explanation:

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10 C What is the effect of education on employment?​

Answers

The effect of education on Employment is that it increases the employment rate and reduces unemployment

Effect of Education on Employment

With proper education, individuals can get the skills needed to to employed as skilled labor and earn a decent amount of money as a salary.

Without education, most people become unemployed and at best even get a job that is not enough to take care of them.

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negative and positive impact of monopolies in south Africa

Answers

The positive impacts of monopoly in South Africa are related to the advantages of companies, which charge higher prices and generate economies of scale.

The disadvantages are related to the consumer, who pays higher prices since in a monopolistic market there are no more alternatives to obtain a good or service.

What is monopoly?

It is a market situation where there are no competitors, with a company being the only one to sell a product or service, being the holder of the price and market power.

Therefore, a monopoly situation can be harmful to a country, leading to barriers to entry by competitors, reduced purchasing power of individuals and price exploration.

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Suppose grapefruit is produced in a constant cost industry and sold in a perfectly competitive market. If the price for the grapefruit is lower than the average cost of producing grapefruit, what can we say about the long run equilibrium

Answers

What can we say about the long run equilibrium is: Fewer grapefruit will be produced.

What is perfectly competitive market?

Perfectly competitive market can be defined as the market  in which producer or manufacturer product similar or identical product.

Suppose the price of grape fruit is lesser  compare to the average cost of production it , this tend to mean that in the long run  only fewer or little amount of grapefruit will be produced.

Therefore fewer grapefruit will be produced.

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Who are the market participants in the foreign exchange market? Explain how each participant contributes to market activities.

Answers

The market participants in the foreign exchange market are commercial banks, Foreign exchange brokers, Central bank, MNCs and Individuals and Small businesses.

What is Market?

Market is the place where exchange of goods and services takes place in return of the money. Money is the value provided by the buyer to the seller of the product.

The commercial banks provides the deposits of the public as the saving to the people who are need of the money in this way they supply the money in the market.

The Central bank regulates the flow of the money by implementing the monetary policy and keeps in check the inflation rates in the market. All the MNC's and small businesses launches the product in the market and fulfills the need of the customer.

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Answer:Central banks and treasuries: Central banks use their respective nation’s foreign exchange reserves to influence the rate at which their own currency trades in the forex market. Because they absorb losses readily (to protect the value of their currency), they are a unique participant in the forex market.

Foreign exchange brokers: Foreign exchange or forex brokers assist forex dealers with transactions by providing the necessary currencies in case of a shortage of foreign exchange funds. They act as agents to facilitate effective trade transactions, and they charge a fee for their services.

Speculators and arbitragers: Speculators and arbitragers trade in the market for profit. They usually do not serve any clients and trade only for themselves. Arbitragers attempt to generate profit by trading on the differences of several currencies.

Retail customers: Retail customers (such as importers, exporters, multinational firms, and other investors) trade in the forex market through commercial banks. Their trade transactions are usually for investment or commercial purposes.

Foreign exchange dealers: Foreign exchange dealers are the main traders in the forex market. They generate profit by purchasing a currency at a particular bid price, and then reselling it at a higher asking price. They maintain an inventory position in particular currencies and specialize in those currencies.

Explanation:

Edmentum

External forces in the natural environment include A. the trend toward healthier lifestyles, which can shift spending toward exercise equipment and health clubs and away from alcohol and snack foods. B. air and/or water pollution, the depletion of irreplaceable natural resources, or inefficient energy/resource usage. C. interest rates, exchange rates, the inflation rate, the unemployment rate, the rate of economic growth, trade deficits or surpluses, savings rates, and per-capita domestic product. D. tax policy, fiscal policy, tariffs, the political climate, and the strength of institutions such as the federal banking system. E. slow growth in buyer demand.

Answers

External forces in the natural environment is C. interest rates, exchange rates, the inflation rate, the unemployment rate, the rate of economic growth, trade deficits or surpluses, savings rates, and per-capita domestic product.

What are external forces?

These are factors that affect an environment from the outside instead of within.

For the natural environment, this would represent everything that affects nature, but aren't really part of nature. This includes inflation, unemployment, and other economic factors.

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Using online and mobile banking apps to schedule automatic transfers of money into your savings account can help you _____. everfi

Answers

Using online and mobile banking apps to schedule money transfers to your savings account can help you meet savings goals.

How to manage personal budget?

It is essential to organize your accounts and expenses in a structured way, allocating resources to be used according to your needs and desires. For this you can use technological resources, creating spreadsheets in applications increasing control over your budget.

Therefore, the control over the personal budget helps in the individual financial balance, organizing the accounts according to their needs.

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When a product reaches equilibrium price, then:
- The company will lose money
- The product will not sell
- The product will sell off the shelves
- The product will sell about 50%​

Answers

Answer:

b the product will not sell

Using the national saving and investment identity, if private savings equal $3200, private investment equals $7800, and the government budget deficit equals $3300, what does the inflow of foreign savings equal

Answers

The  inflow of foreign savings equal $7700.

Foreign savings

Using this formula

Foreign savings=Private saving  +Private investment- Government budget deficit

Let plug in the formula

Foreign savings=$3200+$7800-$3300

Foreign savings=$7700

Therefore foreign savings equal $7700.

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Which of the following is not one of the four main types of inventory?
a. raw material inventory
b. work-in-process inventory
c. maintenance/repair/operating supply inventory
d. safety stock inventory
e. All of these are main types of inventory.

Answers

Answer:

All of these are main types of inventor.

Of all the given types of inventory, the one which is not on the list of four main inventory is the safety stock inventory. Hence, Option D is correct.

What is an inventory?

The products and materials that a company keeps on hand with the intention of reselling, producing, or using them are referred to as inventory or stock. The main focus of inventory management is determining the location and shape of stocked commodities.

There are four basic categories of inventory: finished items, MRO, WIP, and raw materials/components. All the goods, merchandise, and supplies that a company keeps on hand in anticipation of selling them for a profit are referred to as inventory.

Example: Only the newspaper will be regarded as inventory if a newspaper vendor utilizes a vehicle to distribute newspapers to clients. The car will be considered an asset.

Thus, Option D is correct.

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Diners are served in a process with two resources. The first resource has a capacity of 1.1 diners per hour. The capacity of the second resource is 1.5 diners per hour. Demand for this process is 0.9 diners per hour.Instruction: Round your answer to three decimal places. What is the cycle time of this process (in minutes)

Answers

The cycle time of this process for the firm is 2.89.

What is a Cycle Time?

This refers to the average time between the start of production of one unit and the start of production of the next unit of production

Cycle Time = Net time available to work / Customer demand

Cycle Time = 1.1 + 1.5 / 0.9

Cycle Time = 2.88888888889

Cycle Time = 2.89.

Therefore, the cycle time of this process for the firm is 2.89.

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The monopsonist's marginal factor (rource) cost curve for labor is

Answers

The company must: hike the factor prices to hire additional employees, a monopolist's marginal factor cost curve is above its labor supply curve.

What is a marginal factor cost?

Marginal factor cost is the increment in the additional  factor of production that leads to the increase in the one-unit amount.

It is showed in unit like the labor has worked ten per unit in the given period of time.

Thus, its labor supply curve.

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Which of the following is not an element of marketing?
A. product
B. policy
C. promotion
D. price

Answers

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The answer is B. policy

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An airport wants to make its luggage-handling process faster and simpler for travelers. A data analyst examines and evaluates how the process works currently in order to achieve the goal of a more efficient process. What methodology do they use

Answers

To make the baggage handling process faster and simpler for travelers, a data analyst uses a gap analysis.

What is a  gap analysis?

Corresponds to a performance evaluation technique, where a professional is responsible for evaluating the way processes are being carried out in an organization, to determine their efficiency, developing an analysis of needs to increase quality.

Therefore, a gap analysis aims at the continuous improvement of processes through environmental assessment, in order to achieve total quality.

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To effectively run her company, Machi applies the ________, a management style the views her firm as an interdependent collection of departments, and as a single institution that interacts with suppliers, distributors, competitors, and customers.Multiple Choicecontingency viewpointsystems viewpointquantitative management approachhuman relations movementbehavioral science approach

Answers

To effectively run her company, Machi applies the Systems viewpoint a management style the views her firm as an interdependent collection of departments.

What is Systems viewpoint management style?

Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected which gives them the view that they should work with the management to achieve the goal of the organization.

Therefore ,Systems viewpoint serves as style of management that help the workers to view the organization as a system that is interconnected .

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Question 5 of 20
Which is an advantage of paying off a liability?
OA. The liability remains a liability.
B. The liability starts to lose valu
OC. The liability starts to gain value.
OD. The liability can become an asset.

Answers

Answer:

OD is the answer because a liability can become an asset once paid

An advantage of reimbursing the liability is that it becomes an asset when it is being paid.

Option D is correct.

What is an asset?

An asset is the monetary resource of a company which is acquired so that the company would get the maximum benefits in the near future. It is the secondary part of balance sheet which is further classified into two parts namely, current and non-current assets.

Liability is referring to the obligation of a company regarding which the repayment would be done after a certain period of time. In order to repay the liabilities like short-term and long-term borrowings, the assets which can be easily converted into cash are being considered. For instance, the amount due from debtors is a current liability and when it is paid, then it is considered to be a current asset.

Therefore, the advantage written in option D is correct.

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pls helppp...

19. A business provided the following information [Refer to image]. What was the total of the current liabilities?

a) 13 200
b) 15 400
c) 31 200
d) 32 700 ​

Answers

Answer:

32 700

Explanation:

that is the answer 32 700

Dawn owns a hair salon and wants to open another store in the downtown shopping district. She goes to the bank to get a loan to start her business, and the bank gives her a loan that is backed by her good reputation and previous credit rating. Which type of bank loan does this scenario best describe

Answers

The type of bank loan which this scenario best describes is an unsecured loan

What is a Bank Loan?

This refers to the amount borrowed by a financial institution to a customer or individual to be repaid at a certain time.

Hence, we can see that based on the given scenario by Dawn who owns a hair salon, she collects a loan to start her business and it is backed, therefore, this is an unsecured loan

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Hardcover books are shipped 3 days after an order is placed. soft cover books always take at least 1 day less than hardcover books to ship after the order is placed. special apparel orders take as long as or longer than hardcover books to ship after the order is placed. conclusion: special apparel orders take longer to ship than soft cover books. if the assumptions are true, is the conclusion:

Answers

If the assumptions are true, the conclusion relating to the longer time taken to ship the special apparel than the softcover books is correct.

What is meant by the conclusion?

The conclusion is a brief summary of any topic without going into the detail of it.

The shipping time taken to deliver the softcover books is 2 days, that is, 1 day more than the shipping time taken to deliver hardcover books. There is a difference of only one day in both the shipping. The time taken by special apparel to ship is longer than the hardcover books which means that time is also greater than softcover books.

Therefore, the provided conclusion statement is correct keeping all the assumptions true.

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the effects of the hard lockdown on Eskom​

Answers

Answer:

comitees in parliament had to leave officials in Pretoria, electricity demand was high...

Question 8 of 10
What is the best strategy when considering a financial aid package?
A. Consider grants as a last resort.
B. Attend the most expensive school, regardless of aid.
C. Settle on the school that is least costly, even if you don't really
want to attend.
D. Consider private loans as a last resort.

Answers

The best strategy when considering a financial aid package is to Consider grants as a last resort.

What is a financial aid package?

This is the aid that is provided to the people of the United States as an aid that would help them in their education.

The financial aid helps to take care of the tuition of the students who have issues with finance.

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Answer:

D.

Explanation:

just took it

True or false: Personal savings, venture capitalists, and government agencies such as the Small Business Administration (SBA) are possible sources of capital or information when starting a small business.

Answers

The possible sources of Small Business Administration which can provide assistance to small businesses are venture capitalists, personal savings, and government agencies.

What is meant by small business?

Small Business is a kind of business started with fewer working professionals and less income.

Small Business Administration is an authority that helped small businesses and entrepreneurs in establishing their businesses. They provide capital assistance through their sources like venture capitalist companies, government agencies, etc.

Therefore, the given statement is true as explained above.

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Economics is the study of how individuals and societies allocate.

Answers

The field of Economics allows us to study how individuals and societies are able to allocate resources.

What is economics?

Economics is a field that studies the allocation of resources by a society to ensure that the needs of the society are met.

The reason the allocation of resources needs to be studied is because they are scarce and so have to be allocated with opportunity cost in mind.

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Deandre and Mason both enjoy sunshine, water, and surfboards. Thus, the two friends decided to create a business together renting surfboards, paddle boats, and inflatable devices in California. Deandre and Mason will equally share in the decision making and in the business profits or losses. Which type of business did they create if they both have full personal liability for the firm's

Answers

Answer:

General Partnership

Explanation:

The general partnership is the type of business did they create if they both have full personal liability for the firm's.

What is business?

Business is defined as the activity of creating, purchasing, and reselling goods in order to support oneself or earn money. A company can make money from the goods and services it provides. The word "business" derives from the verb "to be busy," which refers to action. It consistently functions.

General partnership is defined as a type of partnership where each member is responsible for the business ventures of the partnership. The parameters governing the division of earnings and losses, managerial activities, and interest transfers are negotiable in general partnerships.

Thus, the general partnership is the type of business did they create if they both have full personal liability for the firm's.

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Using the curve which letter represents efficiency?
A
E
B
None

Answers

The answer is For the efficiency is A


Learning Task No. 3 Direction: Write the advantages ang disadvantages of the following packaging materials. Write your answer on a separate sheet of paper. Types of packaging Materials Advantage/s Disadvantage/s 1. Leaves 2. Vegetable Fibers 3. Wooden Crate 4. Paper 5. Earthenware 6. Glass 7. Plastic 8. Metal

Answers

To identify the advantages and disadvantages of packaging materials it is necessary to analyze the purpose, durability and protection of the product.

What is the best packaging for a product?

It will be one that protects the characteristics of the product, is durable and sustainable. Leaves, for example, are safe biodegradable materials for packaging some foods, but they still need more technological development for scale production.

Another example is that vegetable fibers are also sustainable materials but are also being used experimentally in the sustainability awareness phase.

Therefore, the ideal packaging will be one that protects the necessary characteristics of the product and is ecologically sustainable for the protection of the environment.

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Employers include __________ plan coverage in fringe benefit programs to retain high-quality employees and ensure productivity by providing preventive medical care to create a healthy workforce.

Answers

Employers include" Group health" plan coverage in fringe benefit programs to retain high-quality employees and ensure productivity by providing preventive medical care to create a healthy workforce.

What do you mean by fringe benefit program?

The fringe benefit program include health insurance, worker's compensations, retirement benefits and medical leave.

As a company it's the duty of owner and management to take care of their employees health.

It is very common to say that health is wealth. Therefore, it is mandatory in every company to cover all the health benefits for better growth.

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Enterprises that provide goods or services to, or receive them from my training institution or organization​

Answers

Answer:

Enterprise is another word for a for-profit business or company, but it is most often associated with entrepreneurial ventures. People who have entrepreneurial success are often referred to as “enterprising.” There are many forms of legal enterprises, with the most common in the U.S.

A manufacturer purchases $163,000 of raw materials on credit. The journal entry to record the purchase of raw materials consists of a: Multiple Choice Debit to Accounts Payable for $163,000; credit to Raw Materials Inventory for $163,000. Debit to Work in Process Inventory for $163,000; credit to Raw Materials Inventory for $163,000. Debit to Work in Process Inventory for $163,000; credit to Accounts Payable for $163,000. Debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000. Debit to Raw Materials Inventory for $163,000; credit to Cash for $163,000.

Answers

The journal entry to enter the information will be C. Debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.

What is a journal entry?

It should be noted that a journal entry simply illustrates the debited and credit side of the financial transactions.

Here, the journal entry to enter the information will be to debit to Raw Materials Inventory for $163,000; credit to Accounts Payable for $163,000.

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Other Questions
What is the slope of the line that passes through the points (-6, 8) and (-9, 7)? Write your answer in simplest form. Select the correct text in the passage. In the short story "A Will of Her Own," Rosa only pretends to listen to her grandmother's words. Which line from the excerpt supports this statement?. Rosa was a Swedish girl. She had so often heard people say, "Rosa has a will of her own," that she began to think it rather a fine thing, and when people think it is rather a fine thing to be naughty, trouble is sure to follow. One beautiful summer day Rosa's mother said to her: "Put on your Sunday frock, Rosa, and take these eggs to your grandmother. You may stay to tea, and play a little; but you must be back by seven o'clock." This pleased Rosa, for she was not often sent alone to her grandmother's, although she lived quite near. Soon she was ready. She looked very smart in her scarlet petticoat, bright apron, and white blouse, and started off proudly with her little basket of eggs. Her grandmother was a beautiful old lady with gold spectacles and enormous white cap. She thanked Rosa for the eggs, gave her delicious tea with strawberries, cream, and cakes, and then said, "You can play in the garden until the bell rings. Only do not go near the river." "Thank you," said Rosa, meekly, and walked away. When she had shut the door, she gave her head a little toss and her shoulders a little shake, and said: "I only said Thank you,' not 'Yes, thank you,' for I mean to go near the river." There is nowhere else to play. Mother always lets me go by the river, so why should Grandmother forbid it?" bank Now, the stream where Rosa generally played was only a tributary, and was not nearly so deep and wide as the main river where she now was. Rosa stood on watching the great pine-trunks, which, in Sweden, are always floating down by the rivers to the sea. The woodmen cut the trees down, mark them, and let them float where they will, and the owners claim the logs when they reach the Baltic. Rosa and her brother Rolf used to jump on these trees sometimes when they struck near the shore, float down the stream a little way, and then jump off again. It was always a dangerous game for children to play, but much more dangerous on the large river than on the little tributary. help me TRUE OR FALSE1. Standard units gives a consistent and accurate of the volume of a container. TRUE OR FALSE ? Why did Indians of the southwest culture group developed Irragation techniques Deans of the Columbia plateau Group did not What is the major contribution to medical science made by alexander the great? Why do many organizations use the hybrid and multi-Cloud approach? Understand biological structures and the different human body systems A massless cube container holds water whose density is 1000 kg/m3. the length of the side of the cube is 7 meters. what is the mass of the water? hint: the volume of a cube is obtained by r x r x r, where r is the length of the side of the cube. use the formula mass = density x volume. URGENT!!! Read the passage from the opinion of the court in Dred Scott v. Sandford, written by Justice Taney.The question before us is, whether the class of persons described in the plea in abatement compose a portion of this people, and are constituent members of this sovereignty? We think they are not, and that they are not included, and were not intended to be included, under the word "citizens" in the Constitution, and can therefore claim none of the rights and privileges which that instrument provides for and secures to citizens of the United States. On the contrary, they were at that time considered as a subordinate and inferior class of beings, who had been subjugated by the dominant race, and, whether emancipated or not, yet remained subject to their authority, and had no rights or privileges but such as those who held the power and the Government might choose to grant them.What is Taneys claim in this passage?that African American people were covered by the Constitutions definition of citizenthat emancipated African American people had rights guaranteed by the governmentthat African American people were not part of the group considered citizens by the Constitutionthat African American people would have to get the government's permission to be citizens Which type of renewable energy is seen byengineers to be the most promising lookingtoward the future? You obviously like cake since you never miss a sale at the bakery! The adverb clause in this sentence is _____. You obviously like cake since you never miss a sale at the bakery since you never miss a sale you never miss a sale Complete the sentence.A(n) ___ allows a device and a server or two servers to share data and functionality.-API-PIAA ___ integrates an API into the software.-consumer-developerA ___ creates an API for use within a company or for public use. -consumer-developer Write the expression for the steps "12 increased by 4 and then double it." Then solve. Whic the following is an angle? (3 pointsFigure A has two rays connected at a vertex, Figure B is a line with one endpoint and the other end has an arrow, Figure C is a line with two endpoints, and Figure D is a line with an arrow at each endFigure AFigure BFigure CFigure D Explain why the diagram shown in Figure 9 is an example of natures recycling system. i can figure out 12 is greater than four times a number g Regress smoker on cubic polynomials of age, using a linear probability model. What is the p-value for testing the hypothesis that the probability model is linear in age? (two decimal places) How did the south contribute to industrialization during the nineteenth centuryA. It supplied the North with financial supportB. It supplied the North with raw materialsC. It supplied the North with enslaved laborD. It supplied the North with manufactured products Alex wants to cover his wallwith a circular clock that has adiameter of 16 in. How muchspace will the clock cover onhis wall? Stating the consequences of drug use is a resistance strategy that can involveA. explaining why the drug is harmful for youB. explaining possible negative side effects of the drugC. explaining how your life might negatively change if you began taking the drugD. all of the abovePlease select the best answer from the choices provided.AB0000