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rodikova [14]
2 years ago
12

Consider the supply curve for basketballs. Other things held constant, if the price of basketballs goes up from $7. 99 to $14. 9

9, what can we expect from suppliers of basketballs as a result?.
Business
1 answer:
Tanzania [10]2 years ago
8 0

There will be an increase in quantity supplied. (The Law of Supply)

  • A key tenet of economic theory is the rule of supply, which asserts that a rise in price will result in an increase in the quantity provided, all other things being equal. In other words, there is a direct correlation between price and quantity, and quantities react to price changes in the same way.'
<h3><u>What is a case of the law of supply?</u></h3>
  • For instance, if Apple produces 100 iPhones, then this is the quantity that is sold. The link between pricing and supply is referred to as the "law of supply." Supply also rises in tandem with price growth. In the event that prices decline, so will supply.

To Learn more about Law of Supply, Click the links.

brainly.com/question/17805586

brainly.com/question/17805586

#SPJ4

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What are the 6 Basic Principles of the U.S Economy ?
umka2103 [35]

Answer:

Explanation:

  Structure and its language, the Constitution expressed six basic principles of governing. These principles are popular sovereignty, limited government, separation of powers, checks and balances, judicial review, and federalism.

<h3>hope that helps...</h3><h3 />
8 0
2 years ago
Read 2 more answers
Beridze manufacturing expects to produce​ 2,400 units in january and​ 3,700 units in february. beridze budgets​ $45 per unit for
sladkih [1.3K]
We have that the january units cost 2400*45=108000$. Also, February's cost is going to be 3700*45=166500$. We have that for January, the ending balance needs to be 70% of the stock for February. Hence, it needs to be 70%*166500=116500$. Hence, we will need to pay for the units 108000$ and also 116500$; Thus, the total money that needs to be invested in January is 224500$. However, we already have 37250$, so the total inflow of money is 187250$. Hence, the correct choice is that on January we need 187300$.

(For February, we need to put in 166500$ and also 51800 need to be available at the end of the month. Thus, the total cost needs to be 218300$. However, 116500$ are already available from January. Hence, the total inflow for February is 101800$.
The total from both months is: 187250+101800=289050$)
6 0
3 years ago
Read 2 more answers
Calloway department store buys jackets for $19.75 each and sells them for $37.88 each. what is the markup rate based on cost?
Svet_ta [14]

Answer : The markup rate based on cost is 91.79747%.

We have

Selling price per jacket = $37.88

Cost per jacket = $19.75

Markup rate =[\frac{Selling Price - Cost}{Cost}] * 100

Substituting the values in the formula above we get,

Markup rate = [\frac{37.88-19.75}{19.75}] *100

Markup rate = [\frac{18.13}{19.75}] *100

Markup rate = 91.79746835%

8 0
3 years ago
Calculate Cost of Goods Manufactured for 2019 using the following information. Direct Materials, Jan. 1, 2019 $ 40,000 Work-in-P
Aleksandr [31]

Answer:

$234,000

Explanation:

Calculation to determine the Cost of Goods Manufactured for 2019

First step is to calculate the direct materials used in production

Direct materials used in production=$40,000+$75,000-$43,000

Direct materials used in production=$72,000

Second step is to calculate the COGM

COGM=$87,000+$72,000+$48,500+$72,500-$69,000

COGM=$211,000

Now let calculate the COGS

COGS=$128,000+$211,000-$105,000

COGS=$234,000

Therefore the Cost of Goods Manufactured for 2019 is $234,000

5 0
3 years ago
Read 2 more answers
Find the effective rate of interest corresponding to a nominal rate of 12%/year compounded in the following ways. (Round your an
Ratling [72]

Answer:

a) 12%

b) 12.36%

c) 12.55%

d) 12.68%

Explanation:

Data provided in the question:

Nominal rate of return, r = 12% = 0.12

Now,

Effective rate of interest is given as :

i = [ 1 + ( r ÷ n ) ]ⁿ - 1

here,

Number of compounding periods = n

Thus,

a) compounded annually %

n = 1

i = [ 1 + (0.12 ÷ 1 )]¹ - 1

= 1.12¹ - 1

= 0.12 or 12%

b) compounded semiannually %

n = 2

i = [ 1 + ( 0.12 ÷ 2 ) ]² - 1

= 1.06² - 1

= 0.1236 or 12.36%

c) compounded quarterly %

n = 4

i = [ 1 + ( 0.12 ÷ 4 ) ]⁴ - 1

= 1.03³ - 1

= 0.1255 or 12.55%

(d) compounded monthly %

n = 12

i = [ 1 + ( 0.12 ÷ 12 ) ]¹² - 1

= 1.01¹² - 1

= 0.1268 or 12.68%

6 0
3 years ago
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