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Mekhanik [1.2K]
2 years ago
13

Demand for bikes has suddenly increased, and the

Business
1 answer:
soldier1979 [14.2K]2 years ago
5 0

When the demand for bikes has considerably increased with a rise in price by $10, then the profit also increases by $10 on every bike sold.

<h3>What is meant by profit?</h3>

Profit is an incentive earned by a company by selling its products at a price higher than the original cost.

From the provided situation, it has been analyzed that there is a direct relationship between price and demand, which means an increase in demand leads to a rise in prices also. This will ultimately raise the profits of a company in respect of goods sold.

Therefore, the profits are also raised by $10 in a similar way as the rise in price by $10 due to an increase in demand for bikes.

Learn more about the economic profit in the related link:

brainly.com/question/15699405

#SPJ1

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Individuals who want to work, but have given up searching for a job because of limited prospects, are known as.
Iteru [2.4K]

Individuals who want to work, but have given up searching for a job because of limited prospects, are known as discouraged workers.

<h3>Who are discouraged workers?</h3>

Discouraged workers are labour who are above 18 years and below 60 years but have given up on ever finding a job and thus are not actively searching for a job.

Discouraged workers are not counted as part of the labour force and they are not considered to be unemployed.

To learn more about unemployment, please check: brainly.com/question/10940465

6 0
2 years ago
On April 1, Griffith Publishing Company received $33,480 from Santa Fe, Inc. for 36-month subscriptions to several different mag
WARRIOR [948]

Answer:

Debit Unearned Fees, $8,370

Credit Fees Earned, $8,370

Explanation:

Based on the information given we were told that the Company received the amount of $33,480 from Santa Fe for 36 month on April 1 in which we are to assumed that the adjustments will be made at the year end this means that the adjusting entry will be to:

Debit Unearned Fees, $8,370

Credit Fees Earned, $8,370

Calculated as :

Amount received $33,480/36 months ×9 months

=$8,370

Note that from 1st April to 31st December will give us 9 months.

7 0
3 years ago
When faced with a business problem, Lauren, a young shoe store owner, discusses business problems with Kurt, the assistant manag
Stells [14]

Answer and Explanation:

D. evidence-based

3 0
3 years ago
Match each act to its purpose
Arte-miy333 [17]
I'm going to use A B C going down from "prevents detects(A).... to protects consumers(D)"
A-Dodd Frank Act
B-Patriot act
C-identity theft and assumptions
D-Credit card act
3 0
3 years ago
Consider the following scenario. Two friends, Rachel and Joey, enjoy baking bread and making apple pies. Rachel takes two hours
Brut [27]

Answer: Rachel should produce pie and Joey should produce bread.

Explanation:

Rachel can make 1 loaf of bread in 2 hours and 1 pie in 1 hour. Therefore, Rachel can take less time to produce 1 pie as compared to 1 loaf of bread, as a result she should produce pie.

Joey can make 1 loaf of bread in 4 hours and 1 pie in 4 hours. Therefore, Joey can take same time for producing either pie or bread. But he has only one option to produce bread.

So, Rachel is specialized in producing pie and Joey is specialized in producing bread in order to maximize their combined output.

8 0
3 years ago
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