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Sholpan [36]
3 years ago
12

Which of the following typically happens as prices for a good or service rises?a. suppliers leave the marketb. consumers seek mo

re of the good or service to consumec. demand becomes increasingly elasticd. more suppliers enter the market
Business
1 answer:
Luba_88 [7]3 years ago
5 0

Answer:

The correct answer is option D.

Explanation:

As the price of product increases the consumers will demand less because they now have to pay more than earlier.

The supply however is directly related to price level and will increase with the increase in price. The producers will produce more in order to enjoy higher revenue and profit.

This would encourage the other potential firms to enter the market, to earn higher profits.So more suppliers will enter the market.

However, this would lead to increase in supply of output. The excess supply will cause the price to fall eliminating higher profits.

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Process of tracking customer contacts and providing the customer with a price quote is
SashulF [63]
The correct answer is letter C. Pre-Sales

Pre-Sales is carried out before a producer managed to acquire customers, sometimes even before the products are being launch.

Usually customers get a significant amount of discount if they bought the product through pre-sales process, but they have to wait a little bit long before they got the products


4 0
2 years ago
He trial-and-error method of solving problems is also known as ______________.
hram777 [196]
I believe the answer would be the mechanical solution.
7 0
3 years ago
The Laresen Company uses the machine hour method of applying factory overhead to production. The budgeted factory overhead last
Pani-rosa [81]

Answer:

Total cost= $1,375

Explanation:

Giving the following information:

The budgeted factory overhead last year was $200,000, and there were 40,000 machine hours budgeted.

Job 84:

Direct materials= $900

direct labor hours= 25

Direct labor cost= $350.

First, we need to calculate the manufacturing overhead rate based on direct labor hours:

Estimated manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Estimated manufacturing overhead rate= 200,000/40,000= $5 per direct labor hour

Now, we can calculate the total cost:

Total cost= direct material + direct labor + allocated overhead

Total cost= 900 + 350 + 5*25= $1,375

6 0
3 years ago
Lemony lemonade has​ 3,200 gallons of lemonade in wip​ inventory, with​ 76% of materials already added. The lemonade is​ 50% thr
rosijanka [135]

Based on the process that Lemony Lemonade uses to make lemonade, the equivalent units for conversion​ costs is 1,600 units.

<h3>What equivalent units are for conversion costs?</h3>

This can be found as:

= Number of units that are WIP x Percentage of completion

Solving gives:

= 3,200 x 50%

= 1,600 units

Find out more on equivalent units at brainly.com/question/16259709

#SPJ1

4 0
1 year ago
The compensation companies receive for purchasing capital assets is called the return on?
Mamont248 [21]

<u>Return on Investment</u> is the compensation companies receive for purchasing capital assets.

Capital assets are significant pieces of property like houses, automobiles, rental properties, stocks, bonds, and even antiques or works of art. A capital asset for businesses is an asset with a useful life of more than a year that is not intended for sale during normal company operations.

Your investments in the business are the time and money you devote to strengthening your company. The profit you receive from your investments is the return. The ratio of net profit to the entire cost of the investment is how ROI is often defined.

Find out more about compensation

brainly.com/question/28271779

#SPJ4

3 0
1 year ago
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