All categories

3 years ago

In microeconomics, what occurs when equilibrium is reached

2 answers:

6 0

In microeconomics, when equilibrium is reached, the prices are set. With the help of price studies, the demand and supply of a particular good also reached equilibrium.

Further Explanation:

Microeconomics:

Microeconomics is the type of economics in which only one good is taking into consideration while studying. In this economics, the market studies only of particular one good. In macroeconomics, all the goods available in the market are taking into consideration. The price, demand, and supply of particular goods can be determined with the help of microeconomics.

Equilibrium:

Equilibrium means the demand and supply of particular goods equal at which the price of particular goods determined. Means the prices are set for particular goods. With the help of prices, we can measure the actual production in the economy and compute the gross domestic product of the economy. With the help of GDP, we can measure the actual growth in the,

In microeconomics, when the demand and supply of particular goods are equal, then the price is determined. Equilibrium demand helps us to know about in the case of price changes, by how much amount is changed. Equilibrium supply helps us to know about in the case of price changes, by how much amount of supply is,It helps in the prediction of future changes in the market.

Learn more:

1. Learn more about demand and supply

brainly.com/question/11220857

2. Learn more about economies of scale

brainly.com/question/4127663

3. Learn more about economic elasticity

brainly.com/question/2396092

Answer details:

Grade: Middle School

Subject: Economics

Chapter: Microeconomics

Keywords: microeconomics, equilibrium, reached, the price, set, demand, and supply of particular goods, equal, gross domestic product.

Anna35 [415]3 years ago

3 0

Prices are set. ☺️☺️☺️☺️

You might be interested in

Ahnberg Corporation had 660,000 shares of common stock issued and outstanding at January 1. No common shares were issued during

frosja888 [35]

Answer:

Basic Earnings per share=$2.70

Diluted earnings per share(EPS)=$1.50

Explanation:

Earnings per share is the total earnings attributable to ordinary shareholders divided by the number of units of common stock .

It represents profit per unit of stock unit held by common stock holder investor. The higher, the more profitable and the better.

Earnings per share = Earnings attributable to ordinary shareholders / units of common stock

Earnings attributable to ordinary shareholders= Net income after tax - preference dividend

Net Income for the year $1,950,000

Preference Dividend $168,000

Earnings attributable to ordinary shareholders for 2021= 1,950,000-168,000=1,782,000

Basic Earnings per share=$1,782,000/660,000shares=$2.70

Basic Earnings per share=$2.70

Diluted earnings per share(EPS)=Earnings attributable to ordinary shareholders/ Total number of shares assuming conversion

Diluted earnings per share(EPS)=$1,782,000/(660,000+560,000) units

Diluted earnings per share(EPS)=$1.50

7 0

3 years ago

As the capital budgeting director for Chapel Hill Coffins Inc., you are evaluating construction of a new plant. The plant has a

ValentinkaMS [17]

Answer:

18.37%

Explanation:

The internal rate of return is the return at which the net present value comes to zero

Here the net present value is the value at which the present cash inflows after discounting factor is exceeded then the initial investment. If this thing happens then the project would be accepted otherwise it would be rejected

The computation of the range of the plant IRR is to be shown in the attachment below.

Please find the attachmentHence, the internal rate of return is 18.37%

5 0

3 years ago

The business judgment rule provides corporate officers and directors protection when Multiple Choice the liability is a result o

oee [108]

Answer:

they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.

Explanation:

The business judgment rule provides corporate officers and directors protection when they set up a committee to establish a procedure for making decisions that are in the best interests of the corporation.

Generally, the business judgment rule is a legal principle that primarily protect the board of directors from breach of fiduciary duty liability, in as much as the directors acted in good faith of the shareholders and ensuring a logical and well informed decision-making process.

The fiduciary duty liability of the corporate officers and directors of an organization to its shareholders are duty of loyalty, care, prudence, which implies, they'll always make the interest of the corporation and its shareholders a high level priority.

Hence, the business judgment rule is aimed at protecting and mitigating the risks faced by corporate officers and directors in the event of litigations because it is assumed that they're acting in the interest or favor of the corporation and its shareholders.

7 0

3 years ago

Given the market for illegal drugs, when thegovernment is successful in reducing the flow ofdrugs into the United States,

Pie

Answer:

Explanation:

3 0

4 years ago

Hitzu Co. sold a copier costing $4,500 with a two-year parts warranty to a customer on August 16, 2015, for $9,000 cash. Hitzu u

dedylja [7]

Answer:

1. How much warranty expense does the company report in 2015 for this copier?

$360

2. How much is the estimated warranty liability for this copier as of December 31, 2015?

$360

3. How much warranty expense does the company report in 2016 for this copier?

4. How much is the estimated warranty liability for this copier as of December 31, 2016?

$229

5a. Record the sale of a copier for $9,000 cash.

Dr Cash 9,000

Cr Sales revenue 9,000

5b. Record the cost of goods sold of $4,500.

Dr Cost of goods sold 4,500

Cr Inventory - merchandise 4,500

5c. Record the estimated warranty expense at 4% of the sales.

Dr Warranty expense 360

Cr Warranty liability 360

5d. Record the cost of $131 towards repair of copier on November 22, 2016.

Dr Warranty liability 131

Cr Inventory - repair parts 131

7 0

4 years ago