Consider the following statements:
a. consumers buy more mp3 players from an electronics stor...
Business, 11.09.2019 19:30 aliyahaliyah54
Consider the following statements:
a. consumers buy more mp3 players from an electronics store that sells mp3 players at a lower price than other rival electronics stores in the area.
b. schools take steps to increase security since they believe it is more costly to allow vandalism than to hire additional security guards.
c. citrus growers produce more oranges when the selling price of oranges falls.
which of the above statements demonstrates that economic agents respond to incentives?
Answers: 3
Business, 21.06.2019 19:30
How can a poor housing market put home buyers in a financially unstable position? a. changing property values means itβs easier to find homes with low rental costs. b. when the home value decreases, property taxes and insurance costs increase. c. houses are valued lower than their purchase prices, so the home equity decreases. d. home buyers lose all tax benefits and tax incentives when the housing market goes down. e. mortgage payments can increase even though the home value decreases.
Answers: 1
Business, 22.06.2019 21:50
Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.
Answers: 3
Business, 22.06.2019 22:50
Awork system has five stations that have process times of 5, 9, 4, 9, and 8. what is the throughput time of the system? a. 7b. 4c. 18d. 35e. 9
Answers: 2
Business, 22.06.2019 23:00
Customers arrive at rich dunn's styling shop at a rate of 3 per hour, distributed in a poisson fashion. rich can perform an average of 5 haircuts per hour, according to a negative exponential distribution.a) the average number of customers waiting for haircuts= customersb) the average number of customers in the shop= customersc) the average time a customer waits until it is his or her turn= minutesd) the average time a customer spends in the shop= minutese) the percentage of time that rich is busy= percent
Answers: 3
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