Answer:
C) producers will offer more of a product at high prices than they will at low prices.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
The law of supply indicates that producers will offer more of a product at high prices than they will at low prices.
In order to understand both short-run economic fluctuations and how the economy move from short to long run, we need the aggregate supply and aggregate demand model.
When the price level rises, the wealth effect and the interest-rate effect provide incentives for consumers to spend less. The price level of goods and services in an economy influences the exchange rate, imports and exports.
An aggregate supply curve gives the relationship between the aggregate price level for goods or services and the quantity of aggregate output supplied in an economy at a specific period of time.
Answer:
Acceptance
Explanation:
Since in the situation it is given that Jamie renting a ranch for a years to Montana but she is ready for change of scenery. also she dont want to end the contract entirely so instead of ending the contract she asked the same to his brother. His brother agrees to the contract so here the given situation represent an example of an acceptance as he is ready and responsible to the terms of the contract
<u>The activity rate for the Order Processing activity cost pool is closest to </u>
<u>542</u>
Explanation:
Given that ,
Wages and salaries $540,000
Depreciation $220,000
Rent $240,000
Cost pool for order processing activity
Activity Cost Pools= 30% 25% 45%
= (540,000*30%) +(220,000*25%)+(240,000*45%)
= (162000)+(55000)+(108000)
=325000
Hence ,the Cost pool for order processing activity =325000
We know that the formula for
Activity rate = Cost pool/Total activity
<u></u>
<u>Activity Cost Pool Total Activity Assembly 40,000 labor-hours Order processing 600 orders </u>
<u>
</u>
= 325,000/600
= 542
<u>The activity rate for the Order Processing activity cost pool is closest to </u>
<u>542</u>
Answer & Explanation:
"Pays as agreed" is a term you want to see on your credit report. It simply means you have been repaying a debt according to the agreement between you and the lender or creditor.
Answer:
E. $40.68
Explanation:
The computation of the stock worth today is shown below:
= (Dividend in year 1 ÷ 1 + required rate of return^number of years ) + (Dividend in year 2 ÷ 1 + required rate of return^number of years) + (Dividend in year 3 ÷ 1 + required rate of return^number of years) + (Dividend in year 3 ÷ 1 + required rate of return^number of years) × (1 + growth rate) ÷ (required rate of return - growth rate)
= $1.2 ÷ 1.14 + $1.5 ÷ 1.14^2 + $2 ÷ 1.14^3 + $2 ÷ 1.14^3 × (1 + 10%) ÷ (14%-10%)
= $40.68
We simply applied the above formula
