Answer: The correct answer is option B; The student’s analyses is correct.
Explanation: A shift to the right of the supply curve indicates an increase in the aggregate supply or total market supply (which is due to certain factors). Producers only do this provided there would be an increase in market price. However, the equilibrium price would fall from P1 to P2. This follows the law of demand, that is, the higher the price the lower the quantity demanded.”
The fall in price would result in a new equilibrium price, P2. At this lower price level, consumers aggregate demand would also experience an increase, shown by a shift to the right in the demand curve. A new equilibrium price P3, would again be reached which would be convenient for both consumers and producers.
It is important to note that rational consumer behavior is such that a slight increase in price would discourage buying and vice versa. On the other hand, a rational producer is out to make profit and so a slight increase in price would encourage them to supply more and vice versa. Hence if the producers supply curve shifts to the right (an increase), it only means there is a price increase and if the consumers respond by reducing quantity demanded, then there has to be a new meeting point (new equilibrium price).
That explains the fall from equilibrium price P1 to equilibrium price P3.
Answer:
A. allocated during the period is greater than the actual amount incurred.
Explanation:
As we know that
Manufacturing cost is the sum of direct material cost, direct labor cost and the manufacturing overhead cost
In mathematically,
Manufacturing overhead cost = Purchase of direct material + Direct labor cost + Manufacturing Overhead cost
When the manufacturing overhead shows the over allocated that means the allocated amount is more than the actual amount incurred and if there is under allocated the condition would be opposite
<u>Answer:</u>
<em>ICS or ICS-like EOC structure aligns with the on-scene incident organisation.</em>
<u>Explanation:</u>
A Emergency operation centre focus (EOC) is a headquarters and control office in charge of completing the standards of crisis readiness and crisis the board, or calamity the executives capacities at a key level during a crisis, and guaranteeing the congruity of activity of an organization, political.
ICS is far reaching being used from law implementation to consistently business, as the essential objectives of clear correspondence, responsibility, and the productive utilization of assets are regular to the occurrence and crisis the board just as every day activities.
Answer:
Commercial business.
Explanation:
An institution that facilitates the channeling of funds between lenders and borrowers indirectly. And this all are the examples of the same.
Banks.
Mutual savings banks.
Savings banks.
Building societies.
Credit unions.
Financial advisers or brokers.
Insurance companies.
Collective investment schemes.
cooperative societies
Stock exchanges
Commercial business is not a financial intermediary, but this includes the distribution of goods & services and this include all the asset and liabilities of the business and doesn't take into account the operations.
Answer:
economics a situation in which the market demand for a commodity is greater than its market supply, thus causing its market price to rise.
Explanation:
this is the definition. hope this helps.
