All categories

3 years ago

There exists a(n)

Business

1 answer:

FrozenT [24]3 years ago

7 0

Answer:

Direct, upward sloping

Explanation:

Supply refers to the quantities of goods or services that firms are willing to sell to the markets are a specific price. As per the law of supply, an increase in prices leads to an increase in the quantity supplied. Therefore, the relationship between the price and quantity supplied is direct. Firms prefer to supply more products to the markets at higher prices because they will make more profits.

The supply curve is a graphical presentation of the relationship between price and quantity supplied. The supply curve is upward sloping. It originates from the bottom left corner, showing how quantities vary along the curve at different prices. Quantity supplied increases as the price rise.

You might be interested in

An electronic products producer synthesizes its abilities in miniaturization, microprocessor design, material science, and ultra

Usimov [2.4K]

Answer:

Core competencies

Explanation:

Competencies can be defined as a combination of various skills which are essential to increase productivity.

Core competencies can be described as the different skills and practices which all employees in an organization are expected to possess irrespective of the various department's they belong to.

Some examples of core competencies include:

- Creativity

- Team work

- Technological awareness

- Leadership

- Good sense of organization.

- Accountability

8 0

3 years ago

In order to sell more goods and/or services, what must a monopoly do?

Readme [11.4K]

<span>In order to sell more goods and/or services, what must a monopoly do? Reduce price and increase output. A monopoly is when a company or a product has control in the industry. The supply or trade of this item or service is limited. For a monopoly to sell even more, they should reduce the price and increase their output because they have no competitors.

</span>

7 0

3 years ago

Cash receipts A firm has actual sales of $ 60 comma 000 in April and $ 64 comma 000 in May. It expects sales of $ 75 comma 000 i

nirvana33 [79]

Answer:

Month incurred Amount June July August

June 75,000 37500 18,750 18,750

July 95,000 47,500 23,750

August 95,000 47,500

37,500 66,250 90,000

The expected cash receipts are:

June = $37,500

July = $66,250

August = $90,000

Explanation:

The pattern of collection of sales is that 50% are collected in the months of sales while 25% each will be collected in the following month and following 2 months. For instance, 50% of June sales are collected in June, 25% are realized in July and 25% are collected in August. 50% of July sales are realized in July and 25% are collected in August.

7 0

3 years ago

If net operating income is $83,000, average operating assets are $415,000, and the minimum required rate of return is 13%, what

tester [92]

Answer:

$29,050

Explanation:

The computation of the residual income is shown below:

Residual income = Net operating income - Minimum required income

= $83,000 - $53,950

= $29,050

Here

Minimum required income = Average operating assets × Minimum required rate of return

= $415,000 × 13%

= $53,950

This should be the answer and the options provided are wrong

6 0

3 years ago

Larry Bar opened a frame shop and completed these transactions:1. Larry started the shop by investing $40,800 cash and equipment

natita [175]

Answer:

$44,100

Explanation:

Larry Bar

Investment in Cash - Receptionist's salary+Sales of custom frame = Cash account balance

Investment in Cash $40,800

Paid $2,000 Receptionist's salary $2,000

Sales of custom frame $5,300

Hence:

$40,800-$2,000+$5,300

=$44,100

Cash account balance will be $44,100

6 0

3 years ago