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3 years ago

What is the law of supply

2 answers:

7 0

The law of supply refers to the law that states as long as everything is equal/constant, when the price of a good or service increases, the quantity of the good or service will increase. This is also true to that if everything stays the same, but the price of a good or service decreases so will the quantity of the good or service. All factors have to remain equal for this to work. Price and quantity supplied of a good are directly related to each other.

Julli [10]3 years ago

4 0

The law of supply is a fundamental principle of economic theory which states that, other factors held constant, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes

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The starting point in preparing a master budget is the preparation of the select one:

Nat2105 [25]

B) Sales Budget is the answer.

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3 years ago

An informal session of 6 to 10 customers in which a moderator asks their opinions about a firm's and its competitors' products,

Mekhanik [1.2K]

Answer:

Focus group

Explanation:

Focus group is a small group of people who are introduced in an open discussion for research purpose. In the given question there is a informal session with 6 - 10 customers in which their opinions are considered about a firms products. This is a small group session which is initiated to identify product features and how these customers use these products. This is focus group for research purpose.

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3 years ago

Lupe made a down payment of $2200 toward the purchase of a new car. To pay the balance of the purchase price, she has secured a

BlackZzzverrR [31]

Answer:

Cash price of the car

= Down payment + A(1 - (1+r/m)-nm

r/m

= $2,200 + $200(1-(1+0.11/12)-4x12

0.11/12

= $2,200 + $200(1-(1+0.0091666667)-48

0.0091666667

= $2,200 + $200(1-(1.009166666667)-48

0.0091666667

= $2,200 + `$200(38.691421)

= $9,938

Explanation:

The cash price of the car is equal to the down payment plus the present value of the monthly installment. The present value of the monthly installment is obtained by using present value of annuity formula.

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3 years ago

2. NEIU Company has no beginning and ending inventories, and reports the following information for its only product: Direct mate

Mrac [35]

Answer:

Product cost per unit = $13

Explanation:

Absorption costing values units of inventory and production using full cost per unit. Full cost per unit includes variable cost and a portion of fixed production overheads. The fixed production overhead are charged to cost units using predetermined overhead absorption rate.

The full cost per unit = D.mat cost + D.labour cost + Variable overheads+ Fixed overheads.

Total full absorption cost = 125,000 + 100,000 + 75,000 + 25,000=325,000

Full cost per unit = Total full absorption cost/Number of units

= 325,000/25,000 =$13

Note that we excluded non- production cost like selling and administrative from the computation because they are not related to production

Product cost per unit = $13

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3 years ago

A portfolio of stocks may achieve diversification benefits if the stocks that comprise such portfolio are:____.

Vanyuwa [196]

A portfolio of stocks may achieve diversification benefits if the stocks that comprise such portfolio are not perfectly positively correlated.

A stock portfolio is a collection of stocks that are invested in with the hope of making a profit. By putting together a diverse portfolio that spans various sectors individual will be able to become a more resilient investor.

This is because if one sector takes a hit, the investments held by you in other sectors aren’t necessarily affected.

When assembling a stock portfolio, it’s important to have the organizational goals in mind beforehand. That way the decision-making process is guided by reason as opposed to emotion.

To know more about stock portfolio here:

brainly.com/question/13463364

#SPJ4

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2 years ago