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3 years ago

What is the difference between supply and quantity supplied?

1 answer:

5 0

Supply is the amount of goods and services that sellers will sell at a different price over a given period of time while is the quantity of a commodity that producers are willing to sell at a particular price at a particular point of time.

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Tom sells his father's watch for $100 to sue. he later finds out from his father that the watch was an expensive rolex. tom want

Daniel [21]

The court would rule in sue's favor because courts seldom inquire into the adequacy of consideration.

In contracts, consideration just means the exchange of things of value. There has to be an exchange of things of value for there to be an enforceable contract, and in this case a watch was exchanged for money. It is rare for courts to rule on how much consideration is expected because people are generally free to set their own prices and not sell if the price is too low. That is not for a court to decide (in most cases).

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3 years ago

If a business experiences wide fluctuations, it is wise to make shortlong range forecasts.

Novay_Z [31]

The business cycle is the fluctuation in economic activity that an economy experiences over a period of time. A business cycle is basically defined in terms of periods of expansion or recession.

From a conceptual perspective, the business cycle is the upward and downward movements of levels of GDP (gross domestic product) and refers to the period of expansions and contractions in the level of economic activities (business fluctuations) around a long-term growth trend .

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3 years ago

Read 2 more answers

One unit of a peso in a Latin American country was defined as equivalent to 12 grains of "fine" (pure) gold, while one unit of i

Grace [21]

Answer:

1 dollar = 1.5 peso

Explanation:

An exchange rate denotes the value of one currency in terms of another currency. Exchange rates can be of two kinds, spot rate and forward rate.

Spot rate is the rate quoted by bank for buying or selling foreign currency as on today.

Forward exchange rate on the other hand represents rate quoted by bank today for buying and selling foreign currency on a future date.

Given : 1 unit of peso = 12 grains of gold

1 unit of US Dollar = 18 gains of gold

To find : 1 peso = ___ dollars

1 grain of gold = $\frac{1}{12}$ peso

similarly, 1 grain of gold = $\frac{1}{18}$ dollars

this means, $\frac{1}{12}\ peso\ = \ \frac{1}{18}\ dollars$

it means 1 peso = $\frac{12}{18} \ dollars$

or 1 peso = $\frac{2}{3} \ dollars$

or 1 dollar = 1.5 pesos

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4 years ago

In measuring return-on-investment (ROI) from sport sponsorships, companies have used all of the following methods except A. peri

slega [8]

In measuring return-on-investment (ROI) from sport sponsorships, companies have used all of the following methods except C. Q Scores scale.

Explanation:

Return on Investment (ROI) helps in determining whether the investment results in gain or loss. The gain or loss of amount is obtained based on the amount of money invested. ROI is used to compare the gain between the companies. ROI can help in deciding the personal financial transaction. Return on Investment is expressed in percentage.

Q score provides the information regarding the popularity of the brand, company, celebrity and entertainment product. Q score becomes high if the familiarity of the brand or company is high among people.

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3 years ago

Which of the following is true about development? Group of answer choices It involves the movement, over generations, of the bul

leonid [27]

Answer: It involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries

Explanation:

Development involves the movement, over generations, of the bulk of jobs from agriculture to manufacturing and service industries. Technology is also influenced by technological change.

The least developed countries have most of their populations employed in the primary sector like agriculture and haven't completed the transition from manufacturing to services and have not yet entered the information age.

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3 years ago