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2 years ago

According to the law of supply - as the price of a good - service - or resource rises:______.

1 answer:

6 0

According to the law of supply - as the price of a good - service - or resource rises: it results in an increase in the quantity supplied.

Law of supply has direct relation with prices and quantity supplied.

Prices and quantities are directly linked with one another. Quantities respond in the same way as price does. It means that when the price paid by the buyers for goods and services increases the supplier increases the supply of goods and services as well. The law of supply basically shows producer behavior when there is a change in the price of products offered by them.

As the basic aim of every business organization is to increase profit and sales when they expect to receive higher profit from something they produce more to earn more profit. Similarly, if the prices fall the producers are reluctant to produce more. If the demand from consumers rises the prices will increase and the quantity supplied will also increase. If the demand decreases price will also fall and the quantity supplied will also decrease.

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3 years ago

Which of the following are probability samples?

vlabodo [156]

Answer:

A. Simple random sample, E. Stratified sample F. Cluster Sample

Explanation:

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4 years ago

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Leverage works both ways our cash account is down 10% if bitcoin goes the opposite way, from $30,000 to $27,000. However, if we were using a 10:1 leverage, our margin deposit is now gone. A decrease results in a margin call for our account and a demand for extra funds, failing which we will be sold out (or bought in if you are short). This is why employing leverage crypto is not a good idea.

How leverage on crypto works:

If we want to possess 1 crypto for $30,000, we have two options: we can either purchase it in our cash account for $30,000 or we can purchase it in our margin account with 10x leverage and a $3,000 margin deposit. The remaining balance of the transaction in our margin account is provided by a loan of $27,000.

If BTC increases by $3,000 to $33,000, we will make a 10% profit in our cash account after deducting any expenses.

The margin account, on the other hand, has a profit of 100% less any costs once the loan is repaid and the interest on the loan.

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2 years ago

Lossing Corporation applies manufacturing overhead to products on the basis of standard machine-hours. Budgeted and actual overh

timofeeve [1]

Answer:

$1,188 unfavorable

Explanation:

Volume variance = Budgeted fixed overhead cost - Fixed overhead applied to work in process.

$89,640 ÷ 8,300 machine hours

= $10.8 per machine hours

= $89,640 - ( 8,190 machine hours * $10.8 per machine hours )

= $89,640 - $88,452

= $1,188 unfavorable

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3 years ago