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ANEK [815]
2 years ago
11

Law of demand states that​

Business
2 answers:
Bezzdna [24]2 years ago
4 0
The law of demand states that at a higher price consumers will demand a lower quantity of a good
Phoenix [80]2 years ago
3 0

Answer:

The higher the price the higher the quantity demand.

Explanation:

The law of demand states that the higher the price, the higher the quantity of goods and services demanded at a given period of time.

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Consider the following account balances (in thousands) for the Peterson Company.
stealth61 [152]

Answer:

<u>Cost Of Goods Manufactured                               $ 133,000</u>

Explanation:

Peterson Company

Schedule for the cost of goods manufactured

For 2017

Direct Materials  (opening Inventory)              21,000

Add Purchases                                                      74,000

<u>Less Ending Inventory                                     (23000)</u>

Materials available for Use                               72,000

Add Direct Labor                                               22,000

Factory Overhead

Indirect Manufacturing Labor     17,000

Plant Insurance                           7,000

Depreciation                               11,000

<u>Repairs                                         3000              38,000</u>

                                                                              132,000

Add Opening WIP                                                  26,000

<u>Less Closing WIP                                                    25,000</u>

<u>Cost Of Goods Manufactured                               $ 133,000</u>

7 0
3 years ago
Variable costs are
Semmy [17]

Answer:

the costs that change depending on a company's performance

Explanation:

Variable costs refer to the costs that fluctuate with the level of production. An increase or decrease in the output level results in variable costs moving in the same direction. If the business stops production, the variable costs will be nil.

Raw materials and packaging costs are good examples of variable costs. The more a company produces, the more materials it consumes, and the higher the costs of purchasing the materials.

6 0
3 years ago
An increase in spending of $25 billion increases real gdp from $600 billion to $700 billion. The marginal propensity to consume
maksim [4K]

An increase in spending of $25 billion increases real gdp from $600 billion to $700 billion. The marginal propensity to consume must be "4".

<h3>What do you mean by Marginal Propensity to consume?</h3>

The marginal propensity to consume is refers to as the proportion of any change in income that is spent on consumption.

In economics, this term is used to refer to the measurement made in order to determine consumption when the rent is increased by one unit. This measurement is nothing more than a mathematical relationship to calculate how people invest in consumption or save the income that is increased.

Calculation:

MPC=\frac{change in consumption}{change in income} \\MPC=\frac{100}{25} \\MPC=4

Learn more about Marginal Propensity to consume, refer to the link:

brainly.com/question/19089833

#SPJ4

5 0
2 years ago
The following lots of a particular commodity were available for sale during the year: Beginning inventory 10 units at $30 First
irakobra [83]

Answer:

Fifo Ending Inventory = $ 690

Explanation:

The first in first out method implies that only the units at the end are left out in the ending inventory.                

Fifo Ending Inventory = $ 690

10 units from third purchase at $ 35= $ 350

10 units from second purchase at $ 34= $ 340

Total 20 units FIFo method = $ 690

Working

         

                                                                  Total Cost

Beginning inventory        10 units at $30           $ 300

First purchase                 25 units at $32            $ 800

Second purchase            30 units at $34            $ 1020

Third purchase                10 units at $35            $ 350

6 0
3 years ago
Item 15Item 15 Gee-Gee's is going to pay an annual dividend of $2.05 a share next year. This year, the company paid a dividend o
meriva

Answer:

$27.33

Explanation:

For computing the one share of the common stock after six years from now first, we have to determine the price of the common stock which is shown below

Price of the common stock = Next year dividend ÷ (Required rate of return - growth rate)

= $2.05 ÷ (11.2% - 2.50%)

= $23.56

The growth rate is

= ($2.05 - $2) ÷ ($2)

= 2.50%

Now the one share of the common stock after six years is

= $2 × 1.025^7 ÷ (11.2% - 2.50%)

= 2.3773715073  ÷ 8.7%

= $27.33

6 0
4 years ago
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