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3 years ago

How does supply and demand affect prices?

2 answers:

4 0

There is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher quantity of goods and services.

irakobra [83]3 years ago

3 0

The higher the supply the lower the price will be and the higher the demand the higher the price will be. This means that they have an inverse relationship. In short, the more you need something the more you're willing to pay for it, and the less you need it the less you want to pay, and this is basically how the economy works when producing and selling.

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Tuity fruity beverage company's operating activities for the year are listed below. purchases $140 comma 500 operating expense

Greeley [361]

Answer:

$135,100

Explanation:

Given :

Cost of purchasing: $140,500

Operating expenses :$80,600

beginning inventory:$12,900

Ending inventory:$18,300

sales revenue :$300,700

Gross profit of the year can be determined by

Cost of purchasing + beginning inventory - Ending inventory

=140,500 + 12,900 -18,300

=$153,400-$18,300

=$135,100

8 0

4 years ago

Ari is currently consuming 10 hot dogs and 8 hamburgers per week. The last hot dog she consumed yielded 20 utils while the last

katen-ka-za [31]

Answer:

Yes, there is no need to change the eatings habits

Explanation:

Ari will maximize utility until

MU / P for both is equal in order to be at equilibrium

So, in this case,

For Hot dogs

= MU / P

where

MU is marginal utils, which is 20

P is Price, which is $2

So,

= 20 / $2

= 10

For Hamburgers

= MU / P

where

MU is marginal utils, which is 25

P is Price, which is $2.5

So,

= 25 / $2.5

= 10

Therefore, MU / P for hot dog = MU / P for Hamburger

Hence, there is not need to change the eatings habits.

6 0

3 years ago

The FASB and IASB are attempting to resolve the differences between U.S. GAAP and IFRS using a process known as

gulaghasi [49]

The answer for this question is: Convergence
Convergence is a form of action that will transform a certain difference between two parties into one uniformity.
This step is really important so the accountant that operates all around the world will have the same standard to conduct in handling their financial operations.

8 0

3 years ago

When designing a case management solution to increase agent productivity, which service cloud features should you consider first

ch4aika [34]

You should consider "Case queues" and "Case assignment rules" first when designing a case management solution to increase agent productivity.

In order to design a case management solution, distinguish what client undertakings are expected to achieve the principle client objective. Choose what business level assignments and steps you need, and afterward assemble those undertakings and steps into a case.

8 0

3 years ago

A bakery buys sugar in 15-pound bags. The bakery uses 5000 bags of sugar each year. Carrying costs are $20 per bag per year. Ord

Marianna [84]

Answer:

the total cost of ordering and holding sugar is $1,000 per year

Explanation:

Step 1 Calculate the Economic Order Quantity(EOQ).

EOQ = √(2×Total Demand×Ordering cost)/ Holding Cost per Unit

= √(2×250×20×5)/20

= 50

Step 2 Calculate the total cost of ordering and holding sugar

Total cost = Ordering Cost + Holding Cost

= (250×20)/50 × $5 + 50/2 × $20

= $500+$500

= $1,000

Therefore, the total cost of ordering and holding sugar is $1,000 per year

3 0

4 years ago