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
What is the total manufacturing overhead assigned to the current order for Men's Razors if the firm uses a volume-based plant wi
Brut [27]

Answer:

$7,200

Explanation:

The computation of the total manufacturing overhead assigned is shown below:

= ($168,640 + $127,840 + $554,400 + $1,078,000) ÷ $514,368

= 375% per direct-labor dollar.

Now  

= $514,368 ÷ 8,037

= $64 per DL hour.

And,  

= $64  × 30 direct labor hours

= $1920.

So,  

Manufacturing overhead is

= 1920 × 375%

= $7,200

8 0
3 years ago
Suppose you transfer $500 from your checking account to your savings account. With this transaction, M1 _________ and M2________
Luba_88 [7]
Decreased; stayed the same
4 0
3 years ago
A person whose license has been cancelled or revoked, whether by voluntary action or by disciplinary action of the Board, may af
butalik [34]

Answer:

The appropriate fill-in-the-blank is 05 years. Thus the statement becomes

A person whose license has been cancelled or revoked, whether by voluntary action or by disciplinary action of the Board, may after <u>05</u> years from the effective date of such cancellation or revocation, petition the Board for reinstatement of the license, unless another time is provided in the cancellation or revocation order, or unless no provision was made in the order for reinstatement. This section does not apply to licensees who let their licenses lapse for non-payment of renewal fees or licensees against whom a cancellation or revocation proceeding is not pending before the Board or in any other jurisdiction.

Explanation:

According to the KRS 335.360, A person whose license has been revoked is eligible to apply for reinstatement after 05 years.

4 0
3 years ago
PLEASE HELP ASAP!!! Which statement describes a strategy for improving ones organization and time management at work ?
notsponge [240]
The answer is the 3rd one.

My explanation would be that the other reasons listed are for personal use such as friends birthdays, music, and a new clock, but the third answer is listing things appropriate for a business.

Hope I helped !
7 0
3 years ago
Do right people with wrong timing ever get a second chance?
babunello [35]
It depends ob your situation. For example, in the office situation, if you came late for a special meeting (like people coming from other countries just to visit you), then you would most probably won't see the meeting again!


I hope it helpd you!
5 0
3 years ago
Other questions:
  • Why is working capital management one of the most important and time-consuming activities of the financial manager? What is net-
    9·1 answer
  • If it is true that whenever a manager encounters a particular situation (such as motivating employees to work harder), and a sin
    13·1 answer
  • Which investment has the highest liquidity and can be converted into cash easily?
    6·2 answers
  • Kinsi Corporation manufactures five different products. All five of these products must pass through a stamping machine in its f
    10·1 answer
  • Governments use _____ to boost exports and restrict imports. formal instruments of trade policy administrative trade policies su
    8·1 answer
  • Brad notices that customers at his store prefer certain types of snack foods over others. In response to his customers' preferen
    14·1 answer
  • In 2019, Carlos filed his 2018 state income tax return and paid taxes of $800. Also in 2019, Carlos's employer withheld state in
    7·1 answer
  • Payne Corp. wants to assess the performance of its employees. It uses a questionnaire that has a usually high fit with strategy,
    12·1 answer
  • On June 8, Williams Company issued an $87,600, 9%, 120-day note payable to Brown Industries. Assuming a 360-day year, what is th
    5·1 answer
  • A company's prime costs total $3,800,000 and its conversion costs total $7,800,000. If direct materials are $1,400,000 and facto
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!