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3 years ago

In competitive markets, a surplus or shortage will select one:

Business

1 answer:

Andrej [43]3 years ago

8 0

Answer: c.

In a competitive market, there are many producers competing to provide consumers the products they needed and thus they cannot dictate prices.

If a surplus occurs, there is an excess of quantity supplied and since producers won't be able to sell all their products, they tend or are forced to lower their price.

The reverse happens when there is a shortage. When there is less supply in the market, price increases.

Surplus and shortage in a competitive market, therefore, will cause shifts in the demand and supply curves that tend to eliminate the surplus or shortage.

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Paul loved to party at mardi gras, even if he was not involved in making a float or anything else. the atmosphere on the street

Mashutka [201]

The answer is moral holiday. Taking a moral holiday means temporarily loosening up and taking it easy, not carrying the heaviness of the world on your shoulders, not being despairingly depressed by depressing realities. In other words, there are specified times when people are allowed to break norms. The best example is during Mardi gras.

3 0

3 years ago

Cnooc, a Chinese public-sector company, has made a bid to purchase Canada’s Nexen, a big oil company, for C$ 15.1 billion in Jun

Phoenix [80]

Answer:

351,830,000 Yuan

Explanation:

Investment value = C$ 15.1 billion

Value in Yuan in June 2012 = C$ 15.1 billion x 6.3698 Yuan/C$

Value in Yuan in September 2012 = C$ 15.1 billion x 6.3465 Yuan/C$

The difference in Yuan if Cnooc has purchased Nexen in September instead of June is:

$D= 15,100,000,000*(6.3698 - 6.3465)\\D= 351,830,000 \ Yuan$

Cnocc saves 351,830,000 Yuan

3 0

2 years ago

Dave had a balance of $236.17 on his department store charge account. how much interest did he have to pay for the month if the

Aloiza [94]

The answer is 236.17x1.017=240.18

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2 years ago

If a society wants to get the most out of the available resources, money should be spent on pollution control (A) until pollut

Ksju [112]

Answer: Option C

Explanation: The maximum amount of money that a consumer is willing to pay for having an additional unit of a good or service is called the marginal benefit. Whereas, marginal cost refers to the increase in total cost when one more unit of output is produced.

In the given case, we want to use the available resources at their best, therefore, the money on pollution control should be spent only until the benefit of spending one more dollar is greater than the cost of doing so.

Hence, the correct option is C.

5 0

2 years ago

Clannad currently produces and sells 4,000 units per year, and has a capacity of 5,000 units. Enya, Inc. has offered a one-year

guajiro [1.7K]

Answer: Increase of $20,000

Explanation:

The cost of making a unit is:

= Direct material + Direct labor + Variable overhead + Fixed overhead

= 10 + 14 + 5 + 3

= $32

For 4,000 units that would be:

= 4,000 * 32

= $128,000

Cost of buying 4,000 units :

= Cost of buying + Fixed cost

= (4,000 * 30) + (3 / 2 * 4,000)

= $126,000

This cost is further reduced by the renting of the unused space:

= 126,000 - 18,000

= $108,000

Impact on profit:

= Cost of making - Cost of buying

= 128,000 - 108,000

= $20,000

Increase of $20,000

5 0

3 years ago