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3 years ago

How does supply and demand inform the choices of consumers and business owners?

1 answer:

6 0

In the sale of goods and services, price is determined by the interaction between supply and demand. In a graph, the point where the supply curve and demand curve intersect is called the equilibrium point. This point corresponds to the equilibrium price, the one a business should seek to charge. If suppliers charge a price higher than equilibrium a surplus will result. If they charge less a shortage will result

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A company has introduced a process improvement that reduces processing time for each unit, so that output is increased by 25% wt

Oksana_A [137]

Answer:

The productivity increase by 48.83%

Explanation:

old

60 units for 5 workers

5 x $12 = 60

material $16 x 60 = 960

overhead: 60 x 1.6 = 96

total revenue 60 x 31 = 1,860

total cosT: 60 + 960 + 96 = 1,116

productivity index_ 1,860 / 1,116 = 1,667

now:

output 60 + 25% = 75 units

6 workers x $12 = $72

materials $10 x 75 units = $750

overhead: $72 x 1.6 = $115.2

total revneue 75 units x $31 = 2,325

total cost: 75 + 750 + 115.2 = 940.2

productivity index_ 2,325 / 940.2 = 2,4728

percentage of improvement: ( it is calculate like a return on investment)

(2.4728 - 1.667) / 1.667 = 0.4883 = 48.83%

5 0

4 years ago

Carmen is a member of a student taskforce that was asked to recommend solutions to the university's budget problem. when she not

9966 [12]

Answer: democratic leadership

Carmen stated a possible solution that was increasing tuition fee and then Carmen said that it should be considered. This means that she did not impose it that that is the only solution and that has to be done in any way, if she did then it would’ve been autocratic leadership.

Carmen left some room for discussion and this means it is a democratic approach in leadership.

8 0

4 years ago

If marginal cost is greater than average cost, then

Alex777 [14]

Answer (Marginal costs)

The answer is marginal costs because they are the highest in the margin.

Hope this helps have a nice day :)

8 0

2 years ago

On September 1, Capitol Maintenance Company contracted to provide monthly maintenance services for the next seven months at a ra

Aleonysh [2.5K]

Answer:

Debit Unearned Revenue, Credit Service Revenue for $9,200

Explanation:

Date Account Titles Debit Credit

Sept 1 Cash $16,100

Unearned service revenue $16,100

Dec 31 Unearned service revenue $9,200

Service Revenue $9,200

($2300 * 4 months)

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3 years ago

What were the main reasons grange decided to leave school in order to start his own team?

aleksandr82 [10.1K]

One of the main reason is He Knocked out in one of the games during high school. Grange remained unconscious for two days after the blow and started to experience difficulity in speaking. This make his career became really blurry and none of the team want to sign him. In the end, he had to make his own team.

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4 years ago