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MA_775_DIABLO [31]
2 years ago
8

answer the two questions relating to demand and the law of demand. a. which can cause a shift in the demand curve? a change in t

he price of a good one of the determinants of demand the technology used by firms the cost of production which of the choices illustrates the law of demand? pat wants to buy more candy bars at $2 than at $1. wants to buy more candy bars at $1 than at $2. offers more candy bars for sale at $2 than at $1. none of the choices.
Business
1 answer:
fredd [130]2 years ago
7 0

One thing that can cause a shift in the demand curve is a change in one of the determinants of demand.

The law of demand can be shown as Pat wants to buy more candy bars at $1 than at $2

<h3>What does the law of demand say?</h3><h3 />

The law of demand posits that people will demand more of a good when the price is lower as opposed to when it is higher. This is why Pat will want to buy more candy bars when the price is lower at $1 as opposed to $2.

The demand curve will shift when there is a change in one of the determinant of demand such as the income of people and the price of substitutes.

Find out more on the law of demand at brainly.com/question/24500422

#SPJ1

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All of the following have been found to be good for running effective project meetings EXCEPT (Select one):
skad [1K]

Answer:

c. Allow a time period for socializing to support the development of a team identity.

Explanation:

Project meetings are intended to solve problems and effectively communicate among team members. A successful project meeting is characterized by good preparation, establishing appropriate start and end time to cover the agenda,  having a defined agenda to provide direction to the meeting and documenting all the decisions to ensure follow-ups. Therefore, socializing to support the develop the development of a team identity is not one of the factors since this could lead to a groupthink and discourage creativity.

4 0
3 years ago
A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost dr
MrRissso [65]

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost driver or an allocation base.

An entity allocates its overhead costs on the basis of an allocation base. An allocation basis is a measurement, such as the amount of square footage occupied, kilowatt hours consumed, or machine hours used.

Cost accounting assigns overhead expenses using an allocation base. An allocation base can be a quantity, such as the amount of machine hours used, kWh spent, or occupied square footage.

Learn more about allocation base here

brainly.com/question/26475885

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3 0
2 years ago
A business that repairs major appliances charges a flat fee and hourly amount plus the cost of any needed parts. they know that
nikdorinn [45]
Error in true mean = +/-Z*\frac{s}{ \sqrt{n} }

Where; Z=2.58 at 99% confidence interval, s= sd = 0.25 hours, n=sample population = 60 refrigerators

Therefore;

Margin of error = +/-2.58*\frac{0.25}{ \sqrt{60} } = 0.0832 hours
5 0
4 years ago
Lionel is an unmarried law student at State University Law School, a qualified educational institution. This year Lionel borrowe
gtnhenbr [62]

Answer:

Since 2019, the deduction limit for interest expense deductions on qualified higher education loans is $2,500. In order to qualify for this deduction, the taxpayer's adjusted AGI must be less than $85,000 for single filers (Lionel's income is below the threshold).

So Lionel will be able to deduct $1,440 as interest expense (above the line deduction).

Lionel can also deduct $2,500 form the American Opportunity Tax Credit for higher education expenses.

6 0
4 years ago
Classy Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States includin
Alina [70]

Answer:

a. Contribution margin per passenger = $40

b. Contribution margin ratio = 50%

c. Operating Income = $160,000

d. Operating Income = $27,500

Explanation:

a. Contribution margin per passenger = Ticket price per passenger - Variable cost per passenger

Contribution margin per passenger = $80 - $40

Contribution margin per passenger = $40

b. Contribution margin ratio = Contribution margin per passenger / Ticket price per passenger

Contribution margin ratio = $40 / $80

Contribution margin ratio = 0.5

Contribution margin ratio = 50%

c. Contribution margin per passenger = $40

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Total Contribution = $520,000

Fixed Costs           = $360,000

Operating Income = $160,000

d. Sales revenue = $775,000

Contribution margin ratio = 50%

Total Contribution =$387,500 ($775,000 * 50%)

Fixed Costs           = $360,000

Operating Income = $27,500

7 0
3 years ago
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