What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied ?
What is considered as the basic consuming or demanding unit of a commodity ?
What is a market situation whereby there is only one buyer of an item for which there is no goods substitute ?
What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration ?
What market situation exists where there are few sellers and few buyers ?
If there is only one seller and many buyers, the market situation is ______________________?
What market situation exists where there is only one buyer and only one seller ?
If there are many sellers and few buyers, the market situation is ______________________?
Engr. Trinidad loans from a loan firm an amount of P100,000 with a rate of simple interest of 20% but the interest was deducted from the loan at the time the money was borrowed. If at the end of one year, she has to pay the full amount of P100,000, what is the actual rate of interest ?
The monthly demand for ice cans being manufactured by Mr. Camus is 3200 pieces. With a manual operated guillotine, the unit cutting cost is P25.00. An electrically operated hydraulic guillotine was offered to Mr. Camus at a price of P275,000.00 and which cuts by 30% the unit cutting cost. Disregarding the cost of money, how many months will Mr. Camus be able to recover the cost of the machine if he decides to buy now ?
