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2 years ago

The cost to manufacture shoes decreases. Which statement describes the expected outcome?

1 answer:

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The statement that describes the expected outcome is: c. Supply of the shoes will increase, and market price will decrease.

<h3>What is supply?</h3>

Supply can be defined as the amount of goods or product produce that is available for buyers to buy or purchase.

If the cost of production is lower ,this will lead to increase in production as companies will be able to buy more materials and the outcome of this is that the market price of goods or product will reduce because the cost to manufactures has reduced.

Learn more about supply here:brainly.com/question/1222851

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Say the following 2 events occur at the same time: 1) an increase in the price of milk, an input in the production of cheese; 2)

dsp73

Answer:

The correct answer is the following combination: Increase; indefinite change.

Explanation:

To begin with, in the microeconomics theory when it comes to the rise of the price of a product the factors of major impact will be the inputs needed in the production of final good. In this particular case, the fact that the price of the milk has increased it will afect directly the price of the cheese in a matter of going up. And that consequently will afect the quantity demanded by going down. However, due to the fact that now the price of the bagels, a complement of the cheese, has gone down then it is indefinite to known what will happen to the quantity demanded of the cheese due to the fact that this last factor will impact it positively. So in the end, the two situations affect the quantity to a matter of indefinite change.

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3 years ago

Draw an average fixed cost curve. Label it. The AFC curve has this shape because _______.

Murrr4er [49]

Answer:

(A) when output increases, the firm spreads its total fixed cost over a larger output

Explanation:

The average fixed cost will decrease as the output increase because the company allocate ths cost over a larger amount making the weight on each unit decrease:

$\lim_{n \to \infty} \frac{x}{n} = 0$

Using math we can determinate that the fixed cost tend to zer oas higher increase the amount of quantity produced.

8 0

4 years ago

Oceanic, a venture capital firm, has the opportunity to invest in one of two firms that are in the process of globalizing. Macmi

Korvikt [17]

Answer: B. Macmillan, because firms that face stiff competition at home tend to do better abroad

Explanation:

Following the information given, it can be deduced that Oceanic should invest in Macmillan, because firms that face stiff competition at home tend to do better abroad.

The fact that Macmillan, which is an air-conditioner manufacturer, faces intense pressure from its home market will have resulted in the company making quality sure conditioners in order to sustain the pressure and have an edge over its local competitors. Therefore, the company will do better abroad as a result of this.

The correct option is B.

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3 years ago

What is an investment report that is given to potential investors called

tester [92]

Prospectus.

For example, when a company is preparing for an IPO, the prospectus will be given to potential investors (mom & pop, and sophisticated) to give them information on current financial status of the company, growth strategies, current shareholders, directors, etc.

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3 years ago

A manufacturing company that produces a single product has provided the following data concerning its most recent month of opera

ZanzabumX [31]

Answer:

$71,240

Explanation:

The computation of the total gross margin under absorption costing is shown below:

As we know that

Gross Margin = Sales - Variable Manufacturing Cost - Fixed Manufacturing Overhead For Units Sold

Sales (2,740 units × $131) $358,940

Less Manufacturing Costs

Direct Materials (2,740 units × $44) $120,560

Direct Labor (2,740 units × $19) $52,060

Variable Manufacturing Overhead (2,740 units × $13) $35,620

Fixed Manufacturing Overhead ($85,260 ÷ 2,740 units ÷ 2,940 units) $79,460

Gross Margin $71,240

We simply applied the above formula

6 0

4 years ago