1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yawa3891 [41]
3 years ago
11

Is this correct? Thank you!

Business
2 answers:
Nastasia [14]3 years ago
7 0

Answer:

yes it is correct

Equilibrium can only occur at one price .

olganol [36]3 years ago
4 0

Answer:

2 prices

Explanation:

There are two things you are looking at when finding the Equilibrium:

1) Supply & Quantity: Everything has a finite number, and there is a limit to the amount that can be produced and selled at a given time.

2) Demand: This is in terms of the amount of potential customers. Most products are sold to a certain group, which can vary in size.

The first price that can affect the Equilibrium is the cost of the item. If the item is high quality/cost more, it would generally cost more as a product, for the producer is trying to turn a profit. The next price to look at is the selling price. The price must be high enough to turn a profit, yet low enough for there too be a large customer base. Of course, this does not apply to all items, as there are some that are created for only a certain group of people.

~

You might be interested in
The following transactions occur for Cardinal Music Academy during the month of October: Provide music lessons to students for $
givi [52]

Answer:

See explanation section

Explanation:

1. Debit     Cash                   $17,000

Credit            Service revenue (music)       $17,000

<em>Note: The academy receives cash by providing music services to the students.</em>

2. Debit     Prepaid Insurance          $4,200

Credit                    Cash                                 $4,200

<em>Note: The academy paid cash in advance to purchase insurance policy.</em>

3. Debit    Musical Equipment           $20,000

Credit                     Cash                                    $20,000

<em>Note: The academy paid cash for acquiring musical equipment.</em>

4. Debit     Cash                              $30,000

Credit             Notes payable                           $30,000

<em>Note: The academy borrowed cash by signing a notes from the bank.</em>

8 0
3 years ago
Walter reached age 70 1/2 in September of 2018. By what date is he required to begin taking the RMD from his traditional IRA?A.
harina [27]

Answer: A. December 31, 2018

Explanation: RMD also known as required minimum distribution is a withdrawal one has to take from his or her retirement plan once he or she attains the age of 70and a half years old.

According to IRAs, once a person attains the age of 70.5 which is six months after the person's 70th birthday, the individual is entitled to take his or her RMD by the 31st of December following his or her 70.5 birthday.

According to the above question, Walter is entitled to take his RMD on the 31st of Dec, 2018.

3 0
3 years ago
What’s the difference between LRAS and SRAS
Crank

Answer:

Whereas the SRAS curve is upward sloping, the LRAS curve is vertical because, given sufficient time, all costs adjust.

Explanation:

3 0
3 years ago
What are two key takeaways from using auto-drafting to pay your bills?.
Maslowich

The two key takeaways from using auto-drafting to pay your bills are:

  • Payment is faster.
  • There is less hassle making payments for multiple bills.

<h3>What is Auto Drafting?</h3>

This refers to setting up of periodic payments for a particular set of bills which deducts an amount from a checking account.

Some of the advantages of making use of auto-drafting to pay your bills includes:

  • Easier automatic payment.
  • Ability to avoid late payments.
  • No need to set reminders, etc

Read more about auto drafting here:
brainly.com/question/24579126

4 0
2 years ago
Which of the following is true? Multiple Choice
spin [16.1K]

Answer:

The answer is: D) Licenses for functional intellectual property can be viewed as conveying a right of use.

Explanation:

Functional Intellectual Property (IP) is different from other IP since it must possess a standalone functionality. This means it must be able to perform a task, process a transaction, etc.

Because functional IP possess a standalone functionality, licensing agreements provide the customer immediate use of the functional IP. Therefore, revenue from licensing functional IP is recognized at the time the license is given.

7 0
3 years ago
Other questions:
  • Elliot Company can sell all of its products A and Z that it can produce, but it has limited production capacity. It can produce
    7·1 answer
  • The _________________ is the buying and selling of Treasury securities to influence the nation’s money supply..
    12·1 answer
  • On July 1, 2017, Markie purchased a ten-year $10,000 bond. The bond has a stated interest rate of 4%, payable annually on July 1
    5·1 answer
  • We observe both the price and quantity sold of ketchup falls over time. assuming all else stayed the same, this is due to:
    8·1 answer
  • An advertiser implements target cost-per-acquisition (cpa) bidding and notices that the campaigns are receiving fewer conversion
    5·1 answer
  • Which type of buying method attempts to predict in advance how much inventory will be needed during a specific time period
    8·1 answer
  • A man aged 40 wishes to accumulate a fund for retirement by depositing $1,000 at the beginning of each year for 25 years. Strati
    12·1 answer
  • The residential division of Prism's high-speed Internet service uses one advertising agency, while its commercial division uses
    11·1 answer
  • Problem 10-3A The following section is taken from Hardesty's balance sheet at December 31, 2016. Current liabilities Interest pa
    14·1 answer
  • Larry Ellison starts a company that manufactures high-end custom leather bags. He hires two employees. Each employee only begins
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!