Why many people are willing to pay for a higher service more goods or services because...
Why many people are willing to pay for a higher service more goods or services because they thought it would be more efficient ?PLEASE TYPE
Homework Answers
Due to the time efficiency/ sensitivity of a product many people will be willing to pay higher for certain goods or services. For example: newspaper publishers due to the time sensitivity of their product, will offer to pay a high price for immediate repair service or goods. Thus it depends on the time efficiency that they are willing to pay for a higher service more goods or services
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Why many people are willing to pay for a higher service more
goods or services because...
Can you think of examples from your own life where you, or someone you know, has...
Can you think of examples from your own life where you, or someone you know, has been willing to pay a higher price for a good or service because you/they thought it was more efficient? Looking back, was it/is it worth it? Please type answer
At prices above or below the market equilibrium price: more trades take place, because many more...
At prices above or below the market equilibrium price: more trades take place, because many more people are willing to buy or sell. the market will not function. goods are not traded. fewer trades take place, because some people are no longer willing to buy or sell.
(A) Explain why environmental services, because they are public goods, are undervalued or priced too low....
(A) Explain why environmental services, because they are public goods, are undervalued or priced too low. (B) Explain briefly, how groups of people (governments) or private individuals were able to increase the amount of environmental quality, by connecting or attaching an environmental service to a private good, showing how revenue from the private good increased the production of the public good. How are providers compensated for supplying the environmental service and who are the sellers buyers?
A person may be willing to pay more than the fundamental value of a stock today...
A person may be willing to pay more than the fundamental value
of a stock today if he or she believes that someone else will pay
even more for it in the near future.
When many people purchase stocks based on this reasoning, the
stock market can develop:
The local government recently decided to issue a tax of a quarter of a percent on certain goods and services to pay for...
The local government recently decided to issue a tax of a quarter of a percent on certain goods and services to pay for “Parks, Recreation, and the Arts”. It is expected this tax will raise millions of dollars for this purpose. A. Explain the difference between an ad valorem tax and an excise tax. B. Graphically illustrate the type of tax being proposed by the local government on certain goods and services. Explain. C. Graphically illustrate how an excise tax...
A demand curve slopes downward because: people are only willing to buy more at lower prices....
A demand curve slopes downward because: people are only willing to buy more at lower prices. when people buy more, sellers lower the price. when prices are lower, people think the good is inferior. people want to buy more at higher prices. Which of the following correctly describes market equilibrium? Quantity supplied is equal to quantity demanded. Supply is equal to demand. There may be a shortage. There may be a surplus. От Consider a market that is in equilibrium....
Many developing countries seek to develop export markets, because people in wealthier countries have more ability...
Many developing countries seek to develop export markets, because people in wealthier countries have more ability to buy products than people in their own countries. They can produce goods more cheaply due to lower labor costs, and often, fewer environmental restrictions on production. What factors would a company consider in deciding where to locate its production? What factors would a developing country consider in deciding whether to increase environmental protections?
The General Social Survey has a survey question: “Would you be willing to pay much higher...
The General Social Survey has a survey question: “Would you be willing to pay much higher taxes in order to protect the environment?” To test whether there is a difference between this year’s “Yes” rate and last year’s “Yes” rate, a sample of 500 people this year (Group 1) and 500 people last year (Group 2) were selected. Results show that 245 people said “Yes” this year and 225 people said “Yes” last year. Assume α=0.05. What is the test...
without money , the process of acquiring goods and services would be much more efficient True...
without money , the process of acquiring goods and services would be much more efficient True or False
1. Much has been made about what is more important to people, making a higher salary...
1. Much has been made about what is more important to people, making a higher salary or job satisfaction. Many people switch jobs or even careers because one of these elements are missing. Some of you might even be in school now to make such a change. Which do you think is more important and why? 2. Theres perceptual shortcuts” that people take. Describe a situation in which you have used one of these shortcuts and what the outcome was.
A person may be willing to pay more than the fundamental value
of a stock today if he or she believes that someone else will pay
even more for it in the near future.
When many people purchase stocks based on this reasoning, the
stock market can develop:
A demand curve slopes downward because: people are only willing to buy more at lower prices. when people buy more, sellers lower the price. when prices are lower, people think the good is inferior. people want to buy more at higher prices. Which of the following correctly describes market equilibrium? Quantity supplied is equal to quantity demanded. Supply is equal to demand. There may be a shortage. There may be a surplus. От Consider a market that is in equilibrium....
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