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2 years ago

In the quantity discount model, the optimum quantity will always be found on the lowest total cost curve.

1 answer:

4 0

In the quantity discount model, the optimum quantity is not always be found on the lowest total cost curve. Therefore, it's false.

<h3>What is optimum quantity?</h3>

It should be noted that optimum quantity simply means the economic quantity that is purchased.

In this case, in quantity discount model, the optimum quantity is not always be found on the lowest total cost curve. Therefore, it's false.

Learn more about optimum quantity on:

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Miller Fruit wants to expand its citrus grove operations. The firm estimates that it needs $8.6 million to buy land and establis

sergeinik [125]

Answer:

2.072 rights

Explanation:

Amount needed to buy the land = $8.6 million = $8,600,000

stock outstanding = 540,000

Market price per share = $34.80

subscription price = $33 a share

Now,

Number shares to be issued = ( Amount needed ) ÷ ( subscription price )

= $8,600,000 ÷ $33

= 260606.06 shares

1 rights will be issued per stock

thus,

number of rights required for purchase

= ( stock outstanding ) ÷ ( Number shares to be issued )

= 540,000 ÷ 260606.06

= 2.072 rights

3 0

3 years ago

An example of a tying arrangement is______ a. a restaurant offering both Pepsi and Coca-Cola products. b. a car manufacturer ins

ikadub [295]

Answer:

The correct answer is letter "B": A car manufacturer installing expensive onboard GPS/navigation systems in all the cars it sells.

Explanation:

A tying agreement is the type of contractual arrangement where a seller offers other(s) product for the purchase of one good as a part of only one bundle. The secondary product might not be necessary but the seller offers it mainly to generate more profit. Tying arrangements are considered anti-competitive practices.

4 0

2 years ago

a country has national saving of $50 billion, government expenditures of $30 billion, domestic investment of $10 billion, and ne

zubka84 [21]

The supply of loanable funds is $50 billion. Thus, option c is correct.

The supply of loanable funds considers only national savings( public savings + private savings), thus the supply of funds shall be only $50 billion. The national savings is the rate that measures the amount of income that households, business, and the government saves. It looks at the difference between a nation's income and consumption.

The national savings rate is the GDP that is saved rather than spent in the economy. It is an indicator of a nation's health as it shows the trends in savings.

Hence, option c is correct, that is $50 billion.

Learn more about national savings here brainly.com/question/15109837

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8 0

10 months ago

Describe the slope of the demand curve? How does the slope reflect the law of demand?

AnnZ [28]

Answer:

1. The slope is negative

2. The demand decreases when the prices increase.

Explanation:

Describe the slope of the demand curve?

The slope of the demand curve is negative.

The demand curve is graphed on a coordinate plane with the price in the horizontal axis (typically the x-axis) and the demand on the vertical axis (y-axis).

Thus, the slope will be the rate of change of the demand over the change on the price.

Mathematically:

$slope=\dfrac{\text{change in demand}}{\text{change in price}}$

Since, as you move from left to right, on the x-axis, the prices increase, and the demand (on the y-axis) lowers, the change in demand is negative and the change in the prices is positive, resulting in a negative slope.

This is seen graphycally because the demand curve is decreasing (downward-sloping).

How does the slope reflect the law of demand?

The slope reflects perfectly the law of demand because the law of demand states that, since the resources are scarce, when the prices incrases the quantities demanded decrease.

8 0

2 years ago

Items listed in a job description detailing work to be performed are _____. skills, tasks, tools, data

devlian [24]

Items listed in a job description detailing work to be performed are Tasks.

6 0

2 years ago

Read 2 more answers