Supply refers to a relationship between price received for each unit sold and the quantity supplied.
<h3>What is supply?</h3>
Supply refers to the relationship between the price of an item and the quantity supplied. The relationship between price and the quantity supplied is positive. This is in line with the law of supply.
The law of supply states that when prices increase, the quantity supplied increases and when price falls, the quantity supplied falls.
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Answer:
I used an excel spreadsheet because there is not enough room here.
Explanation:
The rate of return after 1 year is 25%.
An internal indicator of the return on investment in a project is the rate of return. The interest rate is the imposed cost for borrowing money from lenders. The average rate of return approach reduces outlier statistics in data sets since it is based on averages. In long-term averages, when numerous years of gains can lessen the impact of a single year of losses, this is especially helpful.
Calculation:
When 700 shares are sold short at $30 a share, the sale price is:
=700 * $30
= $ 21,000
The necessary margin for a short sale is 40%.
It denotes the overall margin employed as follows:
=$ 21,000 * 40%
= $ 8,400
Gain from a short sale:
=($ 30 - $ 27) * 700 shares
= $2,100
As a result, the rate of return
Profit earned / Margin used:
= $2,100/ $8,400
= 0.25 or 25%
=25%
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Companies that use job-order costing make unique products.
<h3>What is job-order costing?</h3>
Job order costing can be defined as a costing method that is used to calculate the cost of each unique item produce or the cost of producing each unique product that is different from the ones in the market.
Example companies can make use of job-order costing when they produce a unique bag or shoe for their customer.
Since this product they produce for this customer is unique, the manufacturer can tend to use job order costing to determine the price or selling price they will to charge the customer.
A company can use a job order cost method if it produce products with unique characteristics.
Inconclusion companies that use job-order costing make unique products.
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Answer:
-0.10
Explanation:
To calculate this, we us the formula for calculating elasticity of demand (E) relevant for the demand equation as follow:
E = (P / Q) * (dQ / dP) .............................. (1)
Where,
Q = 30
P = 90
E = -0.3
dQ / dP = b = ?
We then substitute all the value into equation (1) and have:
-0.3 = (90 / 30) * b
-0.3 = 3 * b
b = -0.3 /3
b = -0.10
Therefore, appropriate value for the price coefficient (b) in a linear demand function Q is -0.10.
NB:
Although this not part of the question, but note that how the linear demand function will look can be obtained by first solving for the constant term (a) as follows:
Q = a - 0.10P
Substituting for Q and P, we can solve for a as follows:
30 = a – (0.1 * 90)
30 = a – 9
a = 30 + 9 = 39
Therefore, the linear demand equation can be stated as follows:
Q = 39 – 0.1P
