Answer:
D) a rise in price
Explanation:
At the equilibrium point, the quantity demanded and the quantity supplied are the same. There is no excess shortage or supply in both demand and supply.
A shortage occurs when suppliers are not able to meet the market demand. Here, demand is the quantity that buyers are willing to buys at a specific price over time. As per the law of demand, high product price causes demand to decrease while low price results in increased demand.
A shortage of a product means its demand is high. Many buyers are willing to buy the commodity at the current price. As per the law of demand, a price increase will result in reduced demand and achieve equilibrium.
The correct answer is an <span>Intertemporal<span> choice.
</span></span><span>Saving money is an </span>Intertemporal choice.<span> because it involves less consumption in the present, but the ability to consume more in the future. Its a personal choice which people make accordingly depending on their needs, money and time.</span>
Answer:
the degree of operating leverage is 5
Explanation:
The computation of the degree of operating leverage is given below:
= Contribution margin ÷ EBIT
= (Sales - Variable expense) ÷ (Sales - Variable expense - Fixed expense)
= ($670,000 - $420,000) ÷ ($670,000 - $420,000 - $200,000)
= $250,000 ÷ $50,000
= 5
Hence, the degree of operating leverage is 5
Answer:
All are options for offensive strategy
Explanation:
In this question, we are trying to select an option which is not in terms with the other options as regards what principal offensive strategy should be.
Now, what the term principal offensive strategy refers to is that it is a type of corporate strategy that pushes for changes within the industry. What we are trying to say is that, the principal offensive strategy pursues an agenda that is pushing for a change within the industry.
Efforts might be concerted or individual steps might be taken. Hence, various techniques or strategies are in place to be used.
Offensive strategy types includes, an end run strategy where a company does not want competition and thus explore the part of the market with little or none.
A preemptive one which seek to conform some advantages on the company as it is the first one based on demographics
Others include: an acquisition and a direct attack strategy
Answer:
I sold a used laptop for $139, even though I was willing to go as low as $130 in order to sell it - producer surplus PRODUCER SURPLUS
Even though I was willing to pay up to $147 for a watch and even though the seller was willing to go as low as $137 in order to sell it, we couldn't reach a deal because the government imposed a tax of $16 on the sale of watches. - neither NEITHER
Even though I was willing to pay up to $47 for a jersey sweater, I bought a jersey sweater for only $39. - CONSUMER SURPLUS
Explanation:
Producer surplus is the difference between the price of a good and the least amount the seller is willing to sell the product.
In this question, the producer surplus is $139 - $130 = $9
Consumer surplus is the difference between the willingness to pay of a consumer and the price of the product.
In this question, the consumer surplus is $47 - $39 = $8
I hope my answer helps you
