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Kamila [148]
3 years ago
9

The market supply curve indicates the rev: 05_10_2018 Multiple Choice maximum prices that buyers are willing and able to pay for

the product. total amount that buyers will pay in buying a given quantity of the product. minimum acceptable prices that sellers are willing to accept for the product. total revenues that sellers would receive from selling various quantities of the product.
Business
1 answer:
Yakvenalex [24]3 years ago
4 0

Answer:

The market supply curve shows the minimum prices that all the sellers in the market will be willing to accept for the product.

Explanation:

The market supply curve of a product is the summation of individual supply curves. It represents the minimum acceptable prices of the product that all the firms in the market will be willing to accept.  

The market supply curve is an upward line representing the law of supply. The law of supply states that other things being constant the supply of a product will be directly related to its price. this means that with an increase in the price level, the output level will increase as well.

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Colaw Co. pays all salaried employees on a biweekly basis. Overtime pay, however, is paid in the next biweekly period. Colaw acc
viva [34]

Answer: the correct answer is $128,000

Explanation:

$20,000 (overtime pay)  + ($ 360,000 / 10*3).  Biweekly salaries are

$360,000 and the week has 5 days that's why we have to consider a biweekly salary for 10 days and multiple that by 3 days.

$20,000 + $108,000 = $128,000

8 0
3 years ago
If you advertise and your rival advertises, you each will earn $3 million in profits. If neither of you advertises, you will eac
ValentinkaMS [17]

Answer:

Each company should advertise

Explanation:

Nash equilibrium a concept in game theory which describes the optimal strategy for a party in a non co-operative game. It is the best strategy for the player regardless of what the other player is playing.

In this question, if both parties advertise, they earn $3 million .

If one of you advertises and the other does not, the firm that advertises will earn $10 million and the non-advertising firm will earn $1 million

If neither of you advertises, you will each earn $7 million in profits. 

The profits from advertising can either be 3 million or 10 million while the profit from not advertising can either be 7 million or 1 million.

We can see the gains from advertising is more than the gain of not advertising. So the bash equilibrium is to advertise.

Please check the attached image for a table showing this game

I hope my answer helps you

4 0
3 years ago
Tutors for students (tfi) is an organization with the purpose of offering free tutoring to older students. tfi does not expect t
boyakko [2]
Answer: A non-profit organization.

Explanation:
A non-profit organization provides goods or services for a social cause to benefit the public.
Rather than distributing extra revenue to members or shareholders, the extra income is used to further achieve its goals.
Most non-profit organizations are tax exempt.
5 0
3 years ago
From previous records a shipping company knows that the cost to deliver a small package within 24 hours is $15.50. The company c
Ahat [919]

Answer:

Their expected gain per package is $1.9115

Explanation:

Expected gain per package

= (what it gets if delivery is made)(probability delivery is made) + (what it loses if delivery is not made)(probability delivery is not made)

= (17.95 - 15.50)*(0.97) + (-15.50)*(0.03)

= 2.3765 - 0.465

= 1.9115

Therefore, Their expected gain per package is $1.9115

8 0
3 years ago
Anderson Windows is the manufacturer of high-quality, energy-efficient windows for homes and offices. The number of windows sold
Leya [2.2K]

Answer:

Derived demand.

Explanation:

Derived demand is when the demand for a product is dependent on the demand of another product. For example demand for labor can be seen as derived from the demand for goods and services. When there is more demand for goods and services, companies hire more and there is increased demand for labor.

Also in the given instance, demand for energy efficient windows is derived from the quantity of houses being built. The more houses that are built the more windows Anderson sells.

3 0
3 years ago
Read 2 more answers
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