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1 year 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:<u> price</u>.

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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Following are Nintendo's revenue and expense accounts for a recent calendar year.Net sales ¥ 1,014,345 Cost of sales 626,379 Adv

elena-14-01-66 [18.8K]

Answer: These transactions can be journalized as follows :-

Explanation: Since the entries are closing entries these would be recorded at year end :-

Dec 31. Sales a/c Dr ¥ 1,014,345

To income a/c ¥ 1,014,345

(Being revenue account closed)

Dec 31. Income a/c Dr ¥ 936,724

To cost of sales a/c ¥626,379

To advertising expense a/c ¥ 96,359

To other expense a/c ¥213,986

(Being expenses account closed)

Dec 31. Income a/c Dr ¥77,621

To retained earnings ¥77,621

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2 years ago

A first step toward understanding organizational markets is recognizing the differences between industrial, reseller, and govern

zaharov [31]

Answer: True

Explanation:

To understand organizational markets, one must first realize that there are three main types of them: Industrial, reseller and government.

Industrial markets enable businesses to transact with each other. They trade raw materials and other goods to each other and process them to finished goods.

The reseller market does not involve any processing but rather firms buying from one and selling to another as middlemen.

The last market is the Government market. Any arm of government that purchases goods and services fall here including at local, state or federal level.

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2 years ago

Consider the market for cars. Which determinant of supply is affected by each of the following events? a. A steel tariff increas

Kitty [74]

Answer & Explanation:

1. A steel tariff increases the price of steel : Increase in of 'Price of inputs' - decreases (leftward shifts) supply curve

2. Improvement in robotics increase efficiency & reduces costs : Upgradation of 'technology'- increases (rightward shifts) supply curve

3. Factories close because of am economic downturn : 'Number of sellers' reduce - decreases (leftward shifts) supply curve.

4. The price of trucks falls, so factories produce more cars : Decrease in 'price of related goods' - increases (rightward shifts) supply curve.

5. The government announces a plan to offer tax rebates for the purchase of commuter rail tickets : 'Expectations' regarding rise in relative price of cars - decreases (leftward shifts) supply curve.

6. The government announces that it will dramatically rewrite efficiency standards, making it much harder for automakers to produce their cars : 'Goverment policy' stringency - decreases (leftwards shifts) supply curve.

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3 years ago

3. Once you turn 18, you should regularly check your credit report...

Mazyrski [523]

Answer:

A - For errors or signs of identity fraud

Explanation:

That is the correct answer, good luck, and have a good day.

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1 year ago

Tamara has $500 she is looking to save for a class trip. She wants to earn the most possible interest and will not need access t

Olegator [25]

The answer will be (B) money market account

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2 years ago