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3 years ago

Market equilibrium:___________

Business

1 answer:

Mashutka [201]3 years ago

5 0

Answer:

a) all trades that can generate gains from trade take place, and no trades take place that would not generate gains from trade.

Explanation:

When we draw the demand and supply curve, the point in the curve where both meet shows that the market is in a state of equilibrium.

The price is the equilibrium price and the quantity is the equilibrium quantity. Prices would become stable at this point. At this point every trade that would bring about gains from trade would take place. There would be no trade in the market equilibrium that would not generate gains from trade. This is because the market equilibrium is an optimum point for trade for either party, that is the buyer and the seller.

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Fifo reports higher gross profit and net income than the lifo method when

ddd [48]

<span>FIFO (First in, First Out) reports higher gross profit and net income than the LIFO (Last In, First Out) method when prices are increasing. The FIFO method refers to an inventory system wherein the first items purchased are thought to be sold while the most recent purchases make up the ending inventory. On the other hand, the LIFO method assumes the opposite. The ones sold are the most recent purchases while the earlier purchases are included in the ending inventory. </span>

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3 years ago

According to Henry Mintzberg, in the _____, managers receive a great deal of unsolicited information because of their personal c

goldfiish [28.3K]

Answer:

Monitor role

Explanation:

According to Henry Mintzberg, in monitor role , a manager regularly seek out information related to his organization and industry, looking for relevant changes in the environment. He also monitors his team, in terms of both their productivity, and their well-being.

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3 years ago

Governor of central bank of Nigeria

Oduvanchick [21]

Answer:

Godwin Emefiele

Explanation:

Governor - Since 6/3/2014. Godwin Emefiele is the Governor of the Central Bank of Nigeria (CBN).

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2 years ago

Brad always buys and uses Nike brand golf balls. If he finds a Titleist or Callaway ball in the rough, he gives it away. Brand l

Vikentia [17]

Answer:

B. reduced the price elasticity of demand for its products

Explanation:

3 0

3 years ago

A produce distributor uses 773 packing crates a month, which it purchases at a cost of $11 each. The manager has assigned an ann

alekssr [168]

$\sqrt\frac{2*773*28}{33}$ Answer:

Explanation:

Using the EOQ Formula = EOQ $\sqrt\frac{2*D*O}{H}$

D = Demand = 773

O = Ordering Cost =28

H = holding Cost = 11*33% =3.63

So we have :

EOQ= $\sqrt\frac{2*D*O}{H}$

EOQ= $\sqrt\frac{2*773*28}{3.63}$

EOQ= $\sqrt\frac{43288\\}{3.63}$

EOQ= $\sqrt{11925.06887}$

EOQ= 109.20196

Previous per unit order cost = 28/773 =0.03622

No of Orders = D/o

No of Orders = 773/109.20196 =7.0786

Cost per order =109.20196*0.03622 =3.9555

Total order cost= 7.0786*3.9555=27.9998

At EOQ holding Cost is equal to Order Cost

New Order cost =27.9998

Holding Cost = 27.9998

New cost As per EOQ = 56

Previous (33+28) = 61

Net Saving = 5

6 0

3 years ago