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kicyunya [14]
1 year ago
14

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

Business
1 answer:
NNADVOKAT [17]1 year ago
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

#SPJ1

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The following materials standards have been established for a particular product:
GREYUIT [131]

Answer:

(i) $1,295 Favorable

(ii) $3,744 Unfavorable

Explanation:

Actual price = Actual cost of materials ÷ Actual materials purchased

                    = $43,105 ÷ 3,700

                    = $11.65

Materials price variance = Actual Quantity (Actual Price - Standard Price)

                                         = 3,700($11.65 - $12.00)

                                         = $1,295 Favorable

Standard Quantity = Actual output × Standard quantity per unit of output

                               = 560 × 4.8

                               = 2,688

Materials quantity variance:

= Standard Price (Actual Quantity - Standard Quantity)

= $12.00 (3,000 - 2,688)

= $3,744 Unfavorable

3 0
3 years ago
Uncertainties such as natural disasters are: Select one: a. Estimated liabilities because the amounts are uncertain. b. Not cont
Dovator [93]

Answer:

d. Disclosed because of their usefulness to financial statements.

Explanation:

A <em>liability</em> is a present obligation (Legal or Constructive) of an Entity that arises as a result of a past event and the settlement of which will result from an out flow of cash from the entity.

One class of Liability that relate to the case is a <em>Provision</em>.A provision is a liability whose amount can be determined with certainty.

A liability whose amount can not be determined with certainty is known as a <em>Contingent liability</em>.A contingent liability is not presented in the financial statements but is  only disclosed in the Financial Statements.

6 0
3 years ago
All of the following are organization-directed benefits associated with offering unconditional guarantees except: a. the guarant
kotykmax [81]

Answer:

All of the following are organization-directed benefits associated with offering unconditional guarantees except:

a. the guarantee provides a means to avoid bankruptcy.

Explanation:

Providing or offering customers unconditional guarantees does not help the company to avoid bankruptcy.  Bankruptcy arises from inadequate financing resulting from overtrading.  Importantly, offering guarantees to customers communicates a clear performance goal to employees to improve service delivery to customers.

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3 years ago
A list of financial statement items for Blossom Company includes the following:
cricket20 [7]

Answer:

Total current assets            $83,580

Explanation:

The preparation of the current assets section of the balance sheet is shown below:

<u>Current Assets                  Amounts </u>

Cash                                   $22,360

Debt investments(short term) $17,360

Accounts receivables     $30,100

Supplies                             $8,170

Prepaid Insurance              $5,590

Total current assets            $83,580

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Recruiting __________ is sometimes viewed as unethical.
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Answer:

b

Explanation:

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