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How do businesspeople know what to produce and in what quantity?
Wiki User
∙ 11y ago
Well this is very simple concept of economics. A general study of markiting conditions leads this answer.
Wiki User
∙ 11y ago
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What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
Why is it important for the supplier of goods and service to have information about price elasticity of demand?
In that way the supplier of goods and services, will be able to know how many goods they must produce for the quantity demanded in the economy. They need to know how much price affects the consumers.
Improvements in what allow an economy to produce more output from the same or a smaller quantity of inputs?
technology
What is production order quantity model?
Production Order Quantity (POQ) is a model that answers how much to produce and when to order. In this model, the materials produced are used immediately and hence lowering the holding cost that in Economic Order Quantity (EOQ).
The amount that firms will produce and sell the specific price?
The amount of product a firm is going to produce depends on the quantity demanded by the people. In economics it is called the supply.
Which country produce large quantity of Sternum?
The Western countries produce the large quantity of Sternum.
Can a silicon solar cell produce electricity in large quantity?
no..silican cannot produce electricity in large quantity's because of the material its made up off
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
Do plants produce cholesterol's?
yes; but in small quantity.
Is buissnespeople a collective noun?
No, businesspeople is not a collective noun, it is a common plural noun. A collective noun for businesspeople could be staff, committee, or board. Businesspeople is a genre or a type not a group.
What has the author Ezra T Clark written?
Ezra T. Clark has written: 'A fortunate fellow' -- subject(s): Biography, Businesspeople, History, Produce trade
How do men produce hi quantity sperm?
By eating vagina
What invention enabled the Chinese to permantly record their knowledge and Eurpean to produce books in quantity?
wood block printing is the invention that enalbed the Chinese to permantly record their knowledge and Eurpean to produce books in quantity
What is another name for businesspeople?
man
How much oil does South Korea produce?
South Korea does not produce any significant quantity of petroleum and is a net petroleum importer.
How do you measure momentum?
See Momentum mean the quantity of motion present in a body whereas the Force is an agent which produce or tends to produce the motion in a body or stop the motion of the body therefore there should be some motion in the force when it is exerting so the quantity of force applied will be the quantity of motion mean momentum of the force .
Which term means the amount that firms will produce and sell at a specific price?
Quantity supplied is the amount that firms will produce and sell at a specific price.
