According to the Law of Demand, "there is an<u> INVERSE relationship </u><u>between price and quantity demanded</u>".
The claim is completely false because "price and quantity demanded are related" is NOT how the law of demand works.
Demand is the amount that households pay for the goods and services that businesses produce. Demand is only referred to as such by economists if it is supported by the ability to pay for a good or service.
While changes in all other factors will also cause parallel shifts in the demand curve, changes in price will cause the demand curve to move along with them.
Learn what happens to the quantity demanded of a good as the price of it rises: brainly.com/question/10782448
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The answer for this would be b because
Answer:
$7.38
Explanation:
The average cost method recalculates a new cost per unit with each and every purchase made. This new costs would then be used to calculate the costs of goods sold and inventory value.
Average cost per unit = Total Costs ÷ Units available for sale
= (200 x $7 + 800 x $7 + 600 x $8) ÷ 1,600
= $7.375 or $7.38
The average cost per unit for May is $7.38
Answer:
a. By classification as trading, available-for-sale or held-to maturity.
Explanation:
available for sale will be valued at fair value and the difference in prices will go into unrealized gain/loss of the other comprehensive income until the securities are sold.
While held-to maturity allow for treated as present value of the future cash flow regardless ofthe securities current market value. It will recognize gain through time
Answer:
Break even point in total units is 950 units
Explanation:
The break even point in total units is the composite break even point considering both the products. This will give us one overall break even point for the company. The break even point in units is the number of units that must be sold in order for the total revenue to be equal to total costs.
To calculate the over all break even in units, we need to divide the fixed costs by the weighted average contribution per unit.
Weighted average contribution per unit = weight of product A in sales mix * contribution of product A + weight of product B in sales mix * contribution of product B
Sales mix = 2 + 3 = 5
Blue = 2 / 5 = 0.4
Plaid = 3 / 5 = 0.6
Weighted average contribution per unit = 2/5 * (45 - 30) + 3/5 * (50 - 25)
Weighted average contribution per unit = $21 per unit
Break even point in units = 19950 / 21 = 950 units