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Nana76 [90]
2 years ago
13

The law of supply indicates that, other things equal, Multiple Choice producers will offer more of a product at high prices than

at low prices. the product supply curve is downsloping. producers will offer more of a product at low prices than at high prices. consumers will purchase less of a good at high prices than at low prices.
Business
1 answer:
Alex777 [14]2 years ago
7 0

The law of supply generally asserts that the producers will offer more of a product at high prices than at low prices.

<h3>What does law of supply states?</h3>

The economic law states the higher the price, the higher the quantity demanded; because the sellers get more profit when the price is higher, this encourages the producer to produce at high price.

Therefore, the Option A is correct.

Read more about law of supply

<em>brainly.com/question/1222851</em>

#SPJ12

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A university that promotes itself as a very traditional campus with an old-world look and feel, where the facilities are manicur
svp [43]

Answer:

The correct answer is letter "D": Reliability.

Explanation:

In customer care, the quality dimensions refer to a set of five (5) characteristics companies must pay attention to in implementing their operations to attract customers and ensure their loyalty. Those characteristics are: Reliability, Responsiveness, Assurance, Empathy, and Tangibles.

Reliability refers to providing a service the customers can trust. Most consumers prefer traditional methods than innovative because the first has been proven to work. Then, <em>if a university promotes itself as a very traditional campus with an old-world look and feel, where the facilities are manicured and the dorm rooms are large, it is focusing on the reliability aspect of service quality.</em>

4 0
3 years ago
Corris Co. accumulates the following data concerning a mixed cost, using miles as the activity level. Miles Driven Total Cost Ja
Sedbober [7]

Answer:

Variable cost per unit= $1.5

Fixed costs= $2,000

Explanation:

Giving the following information:

Miles Driven Total Cost

January 10,000 $17,000

February 8,000 13,500

March 9,000 14,400

April 7,000 12,500

<u>To calculate the variable and fixed costs under the high-low method, we need to use the following formula:</u>

Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)

Variable cost per unit= (17,000 - 12,500) / (10,000 - 7,000)

Variable cost per unit= $1.5

Fixed costs= Highest activity cost - (Variable cost per unit * HAU)

Fixed costs= 17,000 - (1.5*10,000)

Fixed costs= $2,000

Fixed costs= LAC - (Variable cost per unit* LAU)

Fixed costs= 12,500 - (1.5*7,000)

Fixed costs= $2,000

5 0
3 years ago
When a firm manufactures a product and is uncertain about whether customers will want to buy its products, that firm is experien
Lady_Fox [76]

Answer: Risk taking

Explanation:

 The risk taking function is one of the most important function in the marketing as it manage all the losses and also the failure potential in the marketing.

The risk taking function includes the product development, experience of the user or consumers, distribution and the promotion in the market.

 According to the given question, a manufacturer organization is uncertain about the product that whether the consumers want the product or not so that is why the organization is experiencing the risk taking function in the market.

The following are some types of risk in terms of marketing that are:

  • Product risk
  • Operation risk
  • Price risk  
  • Sales risk

3 0
3 years ago
AnthonyAnthony​'s Chair Factory currently employs 100100 ​workers, who produce 800800 chairs. If AnthonyAnthony hires a 101101st
Nostrana [21]

Answer:

average product = 9.16

Explanation:

given data

currently employs =  100 worker

produce = 800 chair

hire = 101 worker

output = to 925

to find out

average product of the 101 worker

solution

we get here average product that is express as

average product = \frac{output}{input}   ..................1

here output is 925 and input is 101 worker so put here value we get

average product = \frac{925}{101}

average product = 9.16

6 0
3 years ago
You want to buy a new sports coupe for $75,500, and the finance office at the dealership has quoted you a 7.9 percent APR loan f
MAVERICK [17]

Answer:

$1,295.03

Explanation:

To find the answer, we will use the present value of an annuity formula:

PV = A ( 1 - (1 + i)^-n) / i

Where:

  • PV = Present Value of the investment (in this case, the value of the loan)
  • A = Value of the Annuity (which will be our incognita)
  • i = interest rate
  • n = number of compounding periods

Now, we convert the 7.9 APR to a monthly rate. The result is a 0.6% monthly rate.

Finally, we plug the amounts into the formula, and solve:

75,500 = A (1 - (1 + 0.006)^-72) / 0.006

75,500 = A (58.3)

75,500 / 58.3 = A

1,295.03 = A

Thus, the monthly payments of the car loan will be $1,295.03 each month.

8 0
3 years ago
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