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Studentka2010 [4]
3 years ago
12

What should happen to the equilibrium price of whoopee cushions when the price of the rubber necessary to make the cushions decl

ines?
Business
2 answers:
Liula [17]3 years ago
8 0

Answer: B) The equilibrium price will fall.

Explanation:  When production costs are reduced (as when the costs of materials decrease), suppliers are willing to produce more or sell at a lower price. This will cause the equilibrium price to fall.

NISA [10]3 years ago
3 0

Rubber is an input for the production of the cushions.

If the price of the input decreases, the final cost of the product is lower, so the sale price may decrease.

Recalling that the equilibrium price is given through the interaction between supply and demand for a product. If price decreases, the demand for the product increases until this interaction finds a new break-even point.

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If a legal contract is formed and the subject of the contract then becomes illegal under a new statute, the contract is _____.
ololo11 [35]
Answer:  "discharged" .
______________________________________________
7 0
3 years ago
Jole Co. lent $10,000 to a major supplier in exchange for a non interest bearing note due in three years and a contract to purch
bearhunter [10]

Answer: a. . Both discount on note receivable and deferred charge.

Explanation:

To correctly account for this transaction both the discount and the deferred charge should be recorded.

The note is a non-interest bearing note which means that profit will only be made on it if it was bought on a discount with the full amount due for refund at maturity. To correctly account for this then the discount rate must be recorded to ensure that the discount is recognized.

Jole Co. also made a commitment to purchase a fixed amount of goods at 10% which means that there is now a purchase commitment which has to be recognized in the books so they must record that deferred charge as well.

4 0
3 years ago
The longest series of connections in the project network from the start to the end of the activities is also referred to as ____
solong [7]

Answer:

b. the critical path.

Explanation:

Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.

The fundamentals of Project Management are considered universal across most businesses and professions.

The fundamentals of Project Management includes;

1. Project initiation

2. Project planning

3. Project execution

4. Monitoring and controlling of the project

5. Adapting and closure of project.

It is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.

The longest series of connections in the project network from the start to the end of the activities is also referred to as the critical path. It is typically used by project managers to do a proper scheduling of their project activity and work.

3 0
3 years ago
During the spring and summer of 2016, when gasoline prices were rising quickly, politicians in several countries proposed and a
vaieri [72.5K]

Answer:

consumers would find it cheaper to buy gasoline

Explanation:

In the short run a tax cut or tax suspension as we have In this question is able to increase demand because it increases peoples disposable income. This tax cut of $0.4 would remove burden on gasoline consumers. By removing the tax on gasoline the price of gasoline would become lower and consumers would find it easier and cheaper to purchase

5 0
4 years ago
If government policy allows a country's currency to be determined in the exchange rate market, then that currency will be subjec
Marrrta [24]

Answer:

The correct answer is D) a floating exchange rate.

Explanation:

The floating exchange rate is a characteristic of the currency that is not determined by any central bank, but from operations of supply and demand of the currencies in a stock exchange or the exchange market. This behavior is determined by internal factors and uncertainty such as inflation or natural phenomena, oil behavior, etc.

7 0
4 years ago
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