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2 years ago

Please help How does supply and demand effect the price of an item?

Business

1 answer:

Sonbull [250]2 years ago

8 0

Answer:

It's a fundamental economic principle that when supply exceeds demand for a good or service, prices fall. When demand exceeds supply, prices tend to rise. There is an inverse relationship between the supply and prices of goods and services when demand is unchanged.

Explanation:

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Janine Alberg's day care cente rhas only one direct competitor on her side of town, but a substitute service is

Licemer1 [7]

The service of a legal writ.

8 0

3 years ago

Pilot Manufacturing prepared a report and noted budgeted fixed overhead costs of $3.75 per unit at 1,400 units. In November, the

andreev551 [17]

Answer:

$1,050 favorable

Explanation:

The computation of the fixed overhead budget variance is shown below:

= Actual fixed overhead - budgeted fixed overhead

where,

Budgeted fixed overhead is

= $3.75 × 1,400 units

= $5,250

And, the actual fixed overhead is $4,200

So, the fixed overhead budget variance is

= $4,200 - $5,250

= $1,050 favorable

Since the budgeted fixed overhead is more than the actual one so it would be favorable

8 0

3 years ago

According to your Markel text, which of the following statements is true?a. Memos are commonly written to people outside your ow

mezya [45]

Answer: The correct answer is

b. Memos are commonly written to people within your own organization.

Explanation: Memos are written form of communication in a formal setting. They are written to people within the same organisation.

Memos contain a 'from' and 'to' headings as well as a subject. This helps give the receiver a clear picture of the purpose of the communication as often times the reader skims through the memo to get a clue of the content.

3 0

4 years ago

When the economy is experiencing an expansionan expansion automatic stabilizers will cause:

just olya [345]

<span>When the economy is experiencing an expansion automatic stabilizers will cause transfer payments to decrease and tax revenues to decrease. A transfer payment is a payment that is made but no goods or services are being paid for. Automatic stabilizers are policies and programs set up in the economy to offset the up and down of an economy to keep the government out of the situation on a daily basis.

</span>

5 0

3 years ago

A total of $42,000 is invested in two municipal bonds that pay 4.25% and 7.75% simple interest. The investor wants an annual int

mart [117]

Answer:

$14,000 should be invested in the 4.25% bond.

Explanation:

Let's assume

Investment in bond with a coupon rate of 4.25% = x

Investment in bond with a coupon rate of 7.75% = y

According to given condition

x + y = $42,000 (i)

4.25%x + 7.75%y = $2,765

0.0425x + 0.0775y = $2,765 (ii)

Multiplying the equiation (i) by 0.0425

0.0425x + 0.0425y = $1,785 (iii)

Subtracting equation (iii) from equation (ii)

0.0425x + 0.0775y = $2,765

0 + 0.0350y = $980

0.0350y = $980

y = $980 / 0.0350

y = $28,000

Placing valye of y in equiation (i)

x + $28,000 = $42,000

x = $42,000 - $28,000

x = $14,000

Hence

Investment in bond with a coupon rate of 4.25% = x = $14,000

6 0

3 years ago