1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Murrr4er [49]
3 years ago
13

Suppose that there are only three consumers of a product. At a price of $3 per unit, the first consumer would buy 6 units of the

product, the second consumer would buy 5 units, and the third consumer would buy 7 units of the product. If you drew a market demand curve for this product, the quantity demanded at a price of $3 would be:
Business
1 answer:
slava [35]3 years ago
3 0

Answer:

The quantity demanded at $3 would be 18 units.

Explanation:

The market demanded curve is the sum of all individual demand curves in the market. We can sum up the individual quantity demanded of a good to find out the quantity demanded by the market as a whole.  

Suppose the price of a good is $3. There are three consumers in the market.

The first consumer would buy 6 units, the second would buy 5 units and the third would buy 7 units.

The market demand for the good at the price of $3 would be,  

= 6 units + 5 units + 7 units

= 18 units

You might be interested in
Total assets minus total liabilities is equal to the _____. a. net worth b. retained earnings c. accounting profits d. dividends
nikklg [1K]

Answer:

a. net worth

Explanation:

For this question, we applied the accounting equation which equals to

Total assets = Total liabilities + stockholder equity

Since the question said that

Total assets - total liabilities = ?

So, by use the above accounting equation

The Total assets - total liabilities = Net worth

Hence, the most appropriate option is a.

6 0
3 years ago
The textile industry in indonesia has traditionally been one of the largest employers in the manufacturing sector. increased pro
kiruha [24]

Other major Indonesian industries reported greater increases in production value than those reported by the Indonesian textile industry.

<h3><u>Explanation:</u></h3>

In a particular period of time, the monetary value that are obtained by a country due to the production and selling of goods and services is referred to as GDP. It is an important factor that determines the growth rate of a country in an economic framework.

In the example given, it can inferred that the textile industry of Indonesia is considered as the major contributor of GDP because the textile industries has largest amount of employees. But at the end GDP decreased and this is because other major industries in Indonesia has major contribution and production values than the textile industries.

6 0
3 years ago
A small company estimating its photocopying expenses finds that the mean number of copies made per day for the past 12 months is
IRINA_888 [86]

Answer:

The answer is: D) On average, the number of copies made each day was about 24 copies per day away from the mean, 258.

Explanation:

Mean: to calculate the mean of an statistical sample, you add all the data points and then divide by the total number of points, in other words is the average value.

Standard deviation: measures how spread out the values are from the sample's mean. The larger the standard deviation, the more spread out the values.

5 0
4 years ago
The term average means _______.
Alona [7]

D.

...................

3 0
3 years ago
In a command economy, who determines what to produce? (1 point individuals government businesses stockowners
HACTEHA [7]
The correct answer is government, i just took the test lol
7 0
3 years ago
Other questions:
  • The reason fast food restaurants often are found in close proximity to each other is a. they enjoy competition b. location clust
    9·1 answer
  • Which type of travel product is an experience and not a commodity? a Norwegian Cruise Line cruise a room at a Holiday Inn a car
    12·2 answers
  • Your firm has $500 million of investor-supplied capital, its return on investors' capital (ROIC) is 15%, and it currently has no
    14·1 answer
  • The efficiency gains resulting from a just-in-time inventory management system will allow a firm to reduce its level of inventor
    13·1 answer
  • How can person identify whether a company is private company or public company​
    5·1 answer
  • Constanza, who is single, sells her current personal residence (adjusted basis of $213,000) for $596,400. She has owned and live
    5·1 answer
  • Do you feel that there is a difference in the quality of a private brand versus a national brand? Why or why not?
    8·1 answer
  • Calltime Phones &amp; Minutes, Inc., makes an offer to Delores to enter into a contract to work as a salesperson for a certain b
    7·1 answer
  • You're prepared to make monthly payments of $310, beginning at the end of this month, into an account that pays 4 percent intere
    13·1 answer
  • What is the common of B2B and B2c
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!