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DochEvi [55]
3 years ago
15

Draw a supply curve of smartphones. Label it. Use any prices and quantities you wish but make your supply curve obey the law of

supply. Then draw an arrow to indicate what happens to the quantity of smartphones supplied when the price of a smartphone rises. A rise in the price of a smartphone​ ______ the quantity supplied and​ ______ supply.
Business
2 answers:
stepladder [879]3 years ago
7 0

Answer:

A rise in the price of a smartphone​ <u>increases</u> the quantity supplied and​ <u>cause a rise in</u> supply

Explanation:

The law of supply is a fundamental principle of economic theory which states that, keeping other factors constant, an increase in price results in an increase in quantity supplied. In other words, there is a direct relationship between price and quantity: quantities respond in the same direction as price changes.

Law of supply depicts the producer behavior at the time of changes in the prices of goods and services. When the price of a good rises, the supplier increases the supply in order to earn a profit because of higher prices.

The suppliers of smartphones will have more supplies readily available in order to maximize profit.

svet-max [94.6K]3 years ago
4 0

Answer:

<u>Increases; changes</u>

Explanation:

The law of supply states that when prices of a commodity (smartphone) rises, the supply (from producers/manufacturers) increases the quantity supplied of that product <em>since it provides opportunity for them to make profit.</em>

And this quantity supply increase will <em>definitely lead</em> to increase supply of that product.

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Match the given terms to the appropriate statement relating to the various functions of money. Each term is used only once.
chubhunter [2.5K]

Answer:

A,)Unit of Account

B)Standard of Deferred Payment:

C)Store of Value

D)Medium of Exchange:

Explanation:

.

1. Unit of Account ( this explains that good can be measured for a value)

2. Standard of Deferred Payment( it explains that one can make purchase now and pay later)

3. Medium of Exchange( overall purchasing power is attributed to money)

4. Store of Value( Money is used to complete the transaction between the buyer and seller.

7 0
3 years ago
If a portfolio had a return of 8%, the risk-free asset return was 3%, and the standard deviation of the portfolio's excess retur
atroni [7]

Answer: 25%

Explanation:

The Sharpe Ratio will be calculated by using the formula:

= (​Rp​−Rf)/σp

​​where,

Rp ​= return of portfolio = 0.08

Rf​ = risk-free rate = 0.03

σp​ = standard deviation of portfolio’s excess return​ = 0.20

Therefore, Sharpe Ratio will be:

= (​Rp​−Rf)/σp

= (0.08 - 0.03)/0.20

= 0.05/0.20

= 0.25 or 25%

The Sharpe ratio is 25%.

5 0
3 years ago
which of these line items appears on both the statement of stockholders' equity and the balance sheet?
Bad White [126]

Net income

What is net income?

Net income can either be added to retained earnings by the company or given as a dividend to ordinary stockholders. Net earnings and net profit are frequently used as synonyms for net income because profit and earnings are used interchangeably for income (depending on usage in the UK and the US as well). Net income is frequently substituted with the word income, but this is not preferred owing to potential ambiguity. Because net income is often located on the last line of a company's financial statement, it is colloquially known as the bottom line (a related term is top line, meaning revenue, which forms the first line of the account statement).

To learn more about Net Income

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5 0
2 years ago
Assume that John's marginal tax rate is 40%. If a city of Austin bond pays 6% interest, what interest rate would a corporate bon
Lisa [10]

Answer:

B. 10%

Explanation:

Given that

Tax rate = 40%

Net tax rate = 6%

Recall that

Gross interest = Net of tax rate / ( 1 - tax rate)

Therefore,

= 0.06 ÷ ( 1 - 0.40)

= 0.06 ÷ 0.60

= 0.1

= 10%

5 0
3 years ago
When a stock transaction occurs in the secondary market, the company receives: Group of answer choices Nothing The dollar value
victus00 [196]

Answer:

The correct option is that the company receives nothing.

Explanation:

Secondary market stock transactions take place between investors who already hold the stock and the other one who is willing to buy the stock,the company whose stocks are being traded is not a party to the transactions,as a result,would receive nothing from such secondary market stock transactions.

The company would have receive cash if the it had issued shares to new investors for the first  time through investment banks ,which is initial public offer,or if shares were issued to existing stockholders,the rights issue

8 0
3 years ago
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