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sergeinik [125]
2 years ago
12

When economists talk about supply, they are referring to a relationship between price received for each unit sold and the ______

__________.
Business
1 answer:
Fantom [35]2 years ago
6 0

Supply refers to a relationship between price received for each unit sold and the quantity supplied.

<h3>What is supply?</h3>

Supply refers to the relationship between the price of an item and the quantity supplied. The relationship between price and the quantity supplied is positive. This is in line with the law of supply.

The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls.

To learn more about the law of supply, please check: brainly.com/question/26374465

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When a tax of $1.00 per gallon is imposed on sellers of gasoline, the supply curve for gasoline shifts upward, but by less than
ycow [4]
When a tax of $1.00 per gallon is imposed on sellers of gasoline, the supply curve for gasoline shifts upward, but by less than $1.00. A tax on sellers usually causes buyers to pay more for the good and sellers to receive less for the good than they did before the tax was levied.
8 0
3 years ago
The potential benefits lost by taking a specific action when two or more alternative choices are available is known as a(n):____
AlekseyPX

Answer:

b. Alternative cost. 

Explanation:

Sunk cost is cost that has been incurred and cannot be recovered.

Out of pocket cost is a cost incurred out of an employees personal cash reserves for which he may be reimbursed for by his employers.

Differential cost is the cost of two different options.

Opportunity cost is the benefit lost when one alternative is chosen over other alternatives.

I hope my answer helps you.

3 0
3 years ago
A disadvantage of the corporate form of business ownership is that:
Roman55 [17]

Answer:

b) most shareholders have little direct control over how the company is managed.

4 0
3 years ago
Corruption, Inc., uses process costing, they have overstated the percentage of work completed with respect to conversion cost on
forsale [732]

Answer:

(1) understated

(2) understaded

(3) unchanged

Explanation:

The amount of equivalent units will be higher as the ending inventory of work in process will be above of what it should be.

As we have more equivalent untis the cost per equivalent unit will be lower:

\frac{cost}{equivalent \:units}

So both, conversion cost and total cost per equivalent untis will e lower than it should be as are getting divided over a larger amount.

the physical amount of units worked during the month and those which are complete will not be affected as the percentage of completion is an accounting tool to calculate the cost not to count the amount of units in possession

5 0
3 years ago
Which of the following statements are true regarding dividends? (You may select more than one answer. Single click the box with
max2010maxim [7]

Answer:

A large stock dividend is a distribution of more than 25% of previously outstanding shares.

The account Paid-in Capital in Excess of Par Value is always credited when a large stock dividend is declared.

Explanation:

A dividend is considering parsing or separating out profit sharing. A dividend has also, tax rate. For example, there is sometimes in the world situation where we get to see increasing of values of stock and in that time, shareholder can choose what he will do. He can sell the stock and if he does that, he will have to play a tax on capital gains.

So, if someone is sharing a dividend stock, he will be paid an amount of money that the company will earn in the meantime.  Companies can device when and how will they pay their dividends.

3 0
3 years ago
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