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2 years ago

Drawing a vertical line from the profit-maximizing output on horizontal axis to the demand curve represents the:_______

1 answer:

4 0

Drawing a vertical line from the profit-maximizing output on the horizontal axis to the demand curve represents the: price.

A demand curve is a graphical representation of the relationship between the price of a good or service and the quantity demanded over a period of time. In a typical representation, price is displayed on the left vertical axis and quantity demanded is displayed on the horizontal axis.

The demand curve descends from left to right. This represents the law of demand. If the price of a particular commodity increase, the quantity demanded will decrease, all other things being equal.

Note that this phrasing implies that price is the independent variable and quantity is the dependent variable. In most fields, the independent variable appears on the horizontal or x-axis, but economics is an exception to this rule.

Learn more about the Demand curve here : brainly.com/question/1139186

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When you seek to define an issue, you should try to frame it in positive terms.

aev [14]

Answer:

True.

Explanation:

The problem-solving process can be defined as the systematic approach used to identify and determine the solution to a particular problem.

The steps involved in the problem-solving process are;

1. Identify and define the problem: this is the first step to be taken in solving a problem. This is to ensure that, the focus is on the main issue or situation (goal) and all efforts is channeled in the right direction rather than the symptoms.

2. Gathering of information: this helps to consider the options available in solving a problem effectively.

3. Consider your options: this helps to compare the available and viable solutions to the problem.

4. Weigh disadvantages and evaluate a solution: you weigh the disadvantages of each solution, before choosing the one with the least disadvantages.

In the problem-solving process used for making decisions, you should try to frame any issue (problem) in positive terms when you seek to define it because that would help you to quickly proffer solutions and think in the right direction.

4 0

3 years ago

Jason is developing a research design for a study of wine drinkers. The target population is widely dispersed. Jason needs to co

White raven [17]

Answer:

The type of data collection which is most appropriated here is A) communication.

Explanation:

For Jason to collect the data for his study on wine drinkers , he needs to communicate the people who have tasted the wine, he needs to listen to those peoples stories , their evaluation about the wine , do they like it or not . Jason needs to meet those people to understand their communication characteristics, it will be really important on the Jason's part to get an insight in to what these people think about wine and enact their realities.

6 0

3 years ago

Salespersons' Report and Analysis Walthman Industries Inc. employs seven salespersons to sell and distribute its product through

babymother [125]

Answer:

Walthman Industries Inc.

Table:

Salesperson Total Sales Variable Cost Contribution Variable

of Goods Sold Margin Selling Expenses

Case $610,000 $268,400 (44%) $341,600 (56%) $109,800 (18%)

Dix 603,000 241,200 (40%) 361,800 (60%) 96,480 (16%)

Johnson 588,000 305,760 (52%) 282,240 (48%) 105,840 (18%)

LaFave 586,000 281,280 (48%) 304,720 (52%) 123,060 (21%)

Orcas 616,000 221,760 (36%) 394,240 (64%) 86,240 (14%)

Sussman 620,000 310,000 (50%) 310,000 (50%) 124,000 (20%)

Willbond 592,000 272,320 (46%) 319,680 (54%) 88,800 (15%)

Explanation:

a) Data and Calculations:

Salesperson Total Sales Variable Cost Variable

of Goods Sold Selling Expenses

Case $610,000 $268,400 $109,800

Dix 603,000 241,200 96,480

Johnson 588,000 305,760 105,840

LaFave 586,000 281,280 123,060

Orcas 616,000 221,760 86,240

Sussman 620,000 310,000 124,000

Willbond 592,000 272,320 88,800

8 0

3 years ago

At Central High School, 28% of the students are Freshmen, 26% are Sophomores, 24% are Juniors, and 22% are Seniors. The student

gregori [183]

Answer:

This is a stratified random sample because a separate random sample is selected from each class

Explanation:

Stratified random sampling is an appropriate method when the population consists of mixed characteristics and you would like to ensure that every characteristic is proportionally represented in the sample. In this example, the population is the students from Central High School and the mixed characteristics are the different classes such as Freshman students, Sophomore students, Juniors and Seniors.

After the population is divided into subgroups based on characteristics, from the overall proportion of the population, you calculate how many people should be sampled in each subgroup. Random or systematic sampling can then be used to select a sample from each subgroup.

6 0

3 years ago

MC Qu. 112 A company is considering... A company is considering the purchase of new equipment for $105,000. The projected annual

Alina [70]

Answer:

Net Present Value = $660.98

Explanation:

The Net present value (NPV) is the difference between the Present value (PV) of cash inflows and the PV of cash outflows. A positive NPV implies a good and profitable investment project and a negative figure implies the opposite.

NPV of an investment:

NPV = PV of Cash inflows - PV of cash outflow

PV of cash inflow = A× (1- (1+r)^(-n))/r

A- annul cash inflow, r- 8%, n- 3

PV of cash inflow= 41,000× (1- 1.08^(-3))/0.08

= 105,660.98

Initial cost = 105,000

NPV = 105,660.98 - 105,000

= $ 660.98

3 0

3 years ago