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Dennis_Churaev [7]
1 year ago
11

Consider the market for new dvds. If dvd players became cheaper, buyers expected dvd prices to fall next year, used dvds became

more expensive, and dvd production technology improved, then the equilibrium price of a new dvd would.
Business
1 answer:
Minchanka [31]1 year ago
7 0

Then the equilibrium price of a new DVD would

  • Could rise, fall, or remain unchanged

In financial matters, monetary harmony is what is going on in which financial powers, for example, organic market are adjusted and without outer impacts the upsides of financial factors won't change.

A balance cost, otherwise called a market-clearing cost, is the customer cost relegated to a few item or administration with the end goal that market interest are equivalent, or near equivalent.

<h3><u>What happens when cost is at balance?</u></h3>
  • Harmony is the state wherein market organic market balance one another, and subsequently costs become steady.
  • By and large, an over-supply of labor and products aims costs to go down, which brings about more popularity — while an under-supply or lack makes costs go up bringing about less interest.

To learn more about equilibrium price click the links.

brainly.com/question/21329957

brainly.com/question/13463225

#SPJ4

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Why is it beneficial for businesses to be stationed in cities?
masya89 [10]
Because there are more buyers of your product and more suppliers for the things you need.
5 0
3 years ago
Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly i
Rudik [331]

Answer:

$245,000.00

Explanation:

The amount of sales revenue to be made to achieve target profit is computed as follows:

<em>Sales revenue to achieve target income</em>

<em>= Total fixed cost for the period + target profit/ contribution margin</em>

Contribution margin = (Sales - variable cost) / sales   ×  100

The figure has been given as 40% in the question

Sales revenue to achieve target profit = (83,000 + 15,000)/0.4

$245,000.00

Watson Company has monthly fixed costs of $83,000 and a 40% contribution margin ratio. If the company has set a target monthly income of $15,000, what dollar amount of sales must be made to produce the target income?

Sales revenue to achieve target profit = $245,000.00

8 0
3 years ago
At what value should the land be recorded in clementine repair service records?
adell [148]

Answer: $369,500

Explanation:

The Cost concept of accounting calls for the recording of Assets at their cost.

Clementine Repair services offered to buy the land at $350,500 when it was priced at $388,500.

The seller countered with $369,500 and Clementine accepted this.

This means that Clementine bought the land for $369,500 which makes it the cost price.

They should therefore record it at $369,500.

6 0
3 years ago
Compute the total manufacturing cost for a manufacturer with the following information for the month. Raw materials purchased $
olga_2 [115]

Answer:

Cost of goods manufactured= $87100

Explanation

Total manufacturing cost is the aggregate amount of cost incurred by a business to produce goods in a reporting period.

Generally accepted accounting principles require that the cost of goods sold shall consist of:

the cost of direct materials

the cost of direct labor

the cost of manufacturing overhead

Expenses that are outside of the manufacturing facilities, such as selling, general and administrative expenses, are not product costs. They are reported as expenses on the income statement in the accounting period in which they occur.

In this exercise:

<u>Cost of goods manufactured:</u>

Direct materials= $56,000

Direct Labor=$15,600

Factory overhead=Factory supervisor salary+ Depreciation expense+Indirect materials= 10,000 +3,700+1,800= $15,500

Total= $87100

Note: Salesperson commissions and  Depreciation expense Delivery equipment are not included in factory overhead

4 0
3 years ago
Suppose a small country has a comparative advantage in the production of consumer electronics, and it has one major electronics
zlopas [31]

Answer:

Imports create greater competition in the domestic marketplace.

Explanation:

Comparative advantage is defined as the ability of a company to produce goods at a lower opportunity cost than other competitors. They can now sell the goods at lower prices.

If the company in this scenario have competitive advantage in producing electronics then it is xheap for them to produce.

When they export electronics and import again, it can only mean that the imported electronics have a competitive edge that the company wants to take advantage of. For example higher quality than what is available locally.

4 0
3 years ago
Read 2 more answers
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