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A price is the amount of money that is asked for a particular product or service. Money is a unit of exchange, which in earlier historical periods was in the form of coins made from precious metals, gold, silver, or copper, but which now exists in many other forms, such as paper currency, money orders, checks, bank accounts, etc.
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What is the relationship between price and marginal revenue when a monopolist cuts the price to sell more?
Between them exist a simple line of difference, a monopolist can sale more with less money CHACHA!
What is the difference between GNP at market price and GNP at curent price?
No difference. Both are the same.
The relationship between the value of money and the price level?
There is an inverse relationship between value of money and the price level. So if the value of money is low, then the price level is high or if the value of money is high, then the price level is low.
What is the difference between cash and price?
Price is the amount consumers pay to acquire a good or service whereas cost is the amount used to produce a service or good. Cash is the money in your pocket.
What is the difference between actual price and minimum acceptable price?
producer surpluss
How many money will you save by purchasing the computer system before the price increase?
You will save an amount equal to the difference between the new (increased) price and the old price.
What is the relationship between price and marginal revenue when a monopolist cuts the price to sell more?
Between them exist a simple line of difference, a monopolist can sale more with less money CHACHA!
What is the difference between discount and loss?
hi I'm Nivedita.the difference between discount and loss is discount is the reduced price whereas loss means the amount of money lost from the c.p.
What is the difference between knowing the price and knowing the value of something?
Take a toy in a store for example. The price is the amount of money you have to pay to buy it from the store. The value is the amount of money that the object is actually worth - how much money it took to make it.
What is the name for the amount you save when you buy an item at a discounted price?
The name of the amount of money you save when you buy an item at a discounted price is called the difference of the original price. To find the difference, you simply subtract the discount price from the original price and that total is the amount of money you saved, the difference.
Difference between the original price and the sale price?
Discount
The relationship between the value of money and the price level?
There is an inverse relationship between value of money and the price level. So if the value of money is low, then the price level is high or if the value of money is high, then the price level is low.
What is the difference between GNP at market price and GNP at current price?
No difference. Both are the same.
What is the difference between GNP at market price and GNP at curent price?
No difference. Both are the same.
Is mark up based on selling price or cost?
Mark up is how much money that the store thinks it can make by selling the product. It is the difference between cost and selling price.
What is the difference between cost and list price?
whats the difference between cost and list?
The difference between the original price and the sale price of an item?
Discount
