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1 year ago

How is the market supply curve derived from the supply curves of individual producers?.

1 answer:

8 0

The way that the market supply curve is derived from the supply curves of individual producers is by horizontally adding the individual supply curves.

<h3>How is the market supply curve estimated?</h3>

The market supply curve is estimated by adding up all the individual supply curves in the market. This therefore shows the total amount os supply for a good or service in the market.

The way that this addition is done is by horizontally adding the supply curves. What this means is that the quantities that are being offered by each individual suppliers at the various prices in the market, are added up to come up with the market supply curve.

Options for this question are:

a. finding the average price at which sellers are willing and able to sell a particular quantity of the good.
b. vertically summing individual supply curves.
c. finding the average quantity supplied by sellers at each possible price.
d. horizontally summing individual supply curves.

Find out more on the market supply curve at brainly.com/question/26430220

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At the beginning of a recent year, JetBlue's assets were $6,549 million and its equity was $1,546 million. During the year, asse

Simora [160]

Answer:

Thus, the JetBlue's equity at the end of the year is $1,654 million

Explanation:

In this case, the accounting equation is used.

Accounting equation means the equation which shows double accounting entry system. Double accounting means debit side and credit side. In this accounting equation, the total assets is equal to total liabilities + total equity.

Total Assets = Total Liabilities + Total Equity

$6549 = Total Liabilities + $1,546

Total Liabilities = $5,003 million

In the question the assets is increased by $44 million whereas liabilities is decreased by $64 million.

So,

Updated asset value = $6,549+$44

= $6,593 million

Updated liabilities value = $5,003 - $64

= $4,939 million

So, the ending equity value will be

= Ending assets - Ending liabilities

= $6,593 million - $4,939 million

= $1,654 million

Thus, the JetBlue's equity at the end of the year is $1,654 million

7 0

3 years ago

Atkins Company collected $1,750 as payment for the amount owed by a customer from services provided the prior month on credit. H

AURORKA [14]

Answer: B. One asset would increase $1,750 and a different asset would decrease $1,750, causing no effect

Explanation:

From the information given in the question, the journal entry at the time of sales will be represented as:

Debit Accounts receivable $1,750

Credit Sales $1750

Now, when the credit receipt is received as illustrated in the question, the journal entry will be:

Debit Cash $1,750

Credit Accounts receivable $1,750

Therefore, one asset would increase $1,750 and a different asset would decrease $1,750, causing no effect.

The correct option is B.

7 0

3 years ago

Suppose you deposit $1,091.00 into an account 6.00 years from today that earns 12.00%. It will be worth $1,728.00 _____ years fr

Taya2010 [7]

Answer:

It will take 10.058 years from today.

Explanation:

Giving the following information:

Present value= $1,091

Future value= $1,728

Interest rate= 12%

<u>First, we need to calculate the number of years it will take to transform the PV into the FV:</u>

<u></u>

n= ln(FV/PV) / ln(1+i)

n= ln(1,728/1,091) / ln(1.12)

n= 4.058 years

It will take 10.058 years from today.

4 0

3 years ago

____ consumption occurs when consumers "set apart" objects and events from normal activities and treat them with respect. ____ c

solong [7]

Answer:

Sacred consumption
Profane consumption

Explanation:

This differentiation is based on special religious events (e.g. religious holidays) that considered some goods as sacred, while profane had to do with everyday life.

Some modern marketing strategies try to build sacred brands. For example, Google has become our God of all knowledge and no one even dares to challenge that almost religious belief. Anyone can make their own coffee or buy coffee at any coffee shop, but Starbucks is different, it has built a sense of emotional connection with the public. It's not any coffee that we need or want.

6 0

3 years ago

In 1974, the price level for Pacifica was 100, the price level for Atlantica was also 100, and in the foreign exchange market 1

blsea [12.9K]

Answer: 0.78 pound mark exchange rate

Explanation:

The Purchasing power parity (PPP) is typically used to make comparison between the currencies of different countries' currencies and also used in comparing their standards of living.

According to PPP, the pound-mark exchange rate in 2003 will be calculated as:

= 280/360

= 0.78

6 0

2 years ago