radomes.openskiesproject.org
gingerfruit69
gingerfruit69 gingerfruit69
  • 27-06-2016
  • History
Answered

In 1-2 sentences, define an equilibrium price and explain how you found the equilibrium price for your good or service.

Verified Answer :

epinell
epinell epinell
  • 27-06-2016

The equilibrium is the price that comes out from adding all the direct related costs in producing the good or service. To this total you have to add the indirect costs, for example, taxes, salaries, etc. Add up both results and you will have the price.
The equilibrium price is the price that covers all your expenses, both direct and indirect. With this price you do not lose nor earn any money.

Answer Link

Related Questions

What is the radius of a diameter of 36 cm
What is the slope of the line that is perpendicular to the line whose equation is 2x y 4 2 12 12 2
As the Ottoman Empire declined what did Serbia wish to do and why did AustriaHungary fear Serbias possible actions
There are 13 what used by the human body to maintain health
What will happen within a circuit when a switch is opened a current will flow b current will stop flowing c current will flow if the voltage is high enough d cu
What is the role of a fuse A A fuse is used to turn lights on and off B A fuse is used to break a circuit when there is too much current C A fuse is used to inc
A domeshaped house made from ice blocks and snow
Which personal pronoun agrees with the antecedent in this sentence Few in attendance at the baseball game left seats until the end of the game Aour Btheir Chis
What does the Ninth Amendment ensure
Under which economic system our business is privately owned with the possibility of profit