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scoundrel [369]
2 years ago
7

Say’s law argues that a given ____________________ must create an equivalent ________________________ somewhere else in the econ

omy.
Business
1 answer:
vichka [17]2 years ago
3 0

Say’s law argues that a given <u>value of supply</u> must create an equivalent <u>value of demand</u> somewhere else in the economy.

Say's Law

-"deliver creates its very own call for."

-due to the fact every sale represents -profits to someone, Say's regulation argues that a given fee of supply should create an equivalent value of call for someplace else in the economic system.

-deliver would decide the dimensions of the macro-economy

-makes sense ultimately

Due to the fact over periods of years or decades, eventually, general demand in the financial system will develop the same as the total provided within the economic system. However in the short run, for a few months or years, many firms fail to receive sufficient demand for the way a lot they supplied in their merchandise (reasons recessions/depressions)-determining GDP

Based on the economic theory of demand and supply, Say's Law argues that a given "value of supply" must create an equivalent "value of demand" somewhere else in the economy.

Learn more about Say's law here brainly.com/question/783836

#SPJ1

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In a 1960s movie, an heiress sends out thousands of letters to shareholders in an attempt to have them vote for her and for the
Vitek1552 [10]

Answer:

The kind of corporate takeover technique implemented in the film is proxy fight.

Explanation:

A proxy fight is termed as a technique where two corporate factions ask the stakeholders for the proxy votes such that the right of voting is transferred.

In this case both the parties, the heiress as well as the opponent is asking for the right of vote from  stakeholders so that they can decide the corporate future. This is the key feature of the proxy fight and thus this is the correct option.

6 0
3 years ago
The controller of Hendershot Corporation estimates the amount of materials handling overhead cost that should be allocated to th
MAXImum [283]

Answer:

$14,506

Explanation:

Calculation to determine what the total materials handling cost allocated to the wall mirrors is closest to:

First step is to calculate Material handling cost per labor hour

Material handling cost per labor hour = $16,754.50 / [(12,900 * 9) + (1,500 * 12)]

Material handling cost per labor hour =$16,754.50/(116,100+18,000)

Material handling cost per labor hour = $16,754.50/134,100

Material handling cost per labor hour =0.124940

Now let calculate the Materials handling cost allocated to wall mirrors

Materials handling cost allocated to wall mirrors = 12,900 *9*0.124940

Materials handling cost allocated to wall mirrors = $14,506

Therefore the total materials handling cost allocated to the wall mirrors is closest to:$14,506

8 0
3 years ago
Burns Industries currently manufactures and sells 23,000 power saws per month, although it has the capacity to produce 38,000 un
Dmitrij [34]

Answer:

Increase by $37,100.

It will accept any time the price is above $43 with the condition it will not incur in additional fixed cost.

$63. is the sales price that generates 106,000 dollar of operating income

Explanation:

As the units will not inccur in any additional fixed cost we should check for the contribution margin this units will provide:

50 dollars - 43 dollar of variable cost = 7 dollars

5,300 saws x $7 = 37,100

The sales reveues will increase by that amount.

(5,300 x $43 dollars each in cost + 106,000 contribution )/5,300 = sales price

sales price = 63

6 0
3 years ago
The seller agrees to pay the listing real estate agent a commission of 5%. The property is listed at $400,000, the buyer offers
Viktor [21]

Answer:

C. $20,000

Explanation:

Note that we are talking about the listing commission. Listing commission will be calculated on the listed price.

So, the listed price will be = 400,000 * 5%

= $20,000

Thus, the commission most likely paid to the real estate agent is $20,000

7 0
2 years ago
LO 8.5Identify several causes of a favorable labor rate variance.
arlik [135]

Answer and explanation:

Direct labor rate variance contrasts current direct labor costs over the same duration of service with usual direct labor costs. Favorable fluctuations in the labor rate can be caused by hiring more unskilled workers, reducing the minimum wage, and inappropriately setting indirect labor costs.

3 0
3 years ago
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