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3 years ago

The quantity supplied is the:

Business

1 answer:

DerKrebs [107]3 years ago

4 0

Answer:

c. amount of a good that firms are willing and able to sell at a particular price during a given period of time.

Explanation:

Quantity of any goods that a business is willing to sell at a particular price during a given time period is called Quantity supplied. For Example when the price of an apple $1 the quantity supplied is 200 apples a week. if the price falls to $0.85 per apple the quantity supplies will fall to 150 apples a week. So, Quantity supplied at $1 is 200 apples and at $0.85 is 150 apples per week.

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The midpoint method is used to compute elasticity because it A. automatically rounds quantities to the nearest whole unit. B. gi

gizmo_the_mogwai [7]

Answer:

B. gives the same answer regardless of the direction of change

Explanation:

The computation of the price elasticity of demand using mid point formula is shown below:

Price elasticity of demand = (Percentage change in quantity demanded) ÷ (percentage change in price)

where,

Percentage change in quantity demanded is

= (change in quantity demanded ÷ average of quantity demanded)

And,

The percentage change in price is

= (percentage change in price ÷ average of price)

Therefore, it reflects the same answer

6 0

4 years ago

X-Mart purchased $300 of merchandise on account. Demonstrate the journal entry to record this transaction, assuming the perpetua

pav-90 [236]

Answer:

See explanation

Explanation:

Since X-Mart company uses perpetual inventory system, the inventory system shows the real-time selling of inventories. Purchasing merchandise on account means no cash has been paid and a liability is existed. To record the transaction, the following journal entry will require in the book of X-Mart-

Debit Merchandise Inventory $300

Credit Accounts payable $300

3 0

3 years ago

Read 2 more answers

Garcia company has 10,000 units of its product that were produced last year at a total cost of $150,000. the units were damaged

timurjin [86]

Answer and Explanation:

The computation of the incremental net income is shown below:

<u>Particulars Sell Process Further Incremental Net income </u>

Sales $20,000.00 $50,000.00 $30,000.00

(10,000 units × $2) (10,000 × $5)

Less:

Additional

Processing cost $18,000.00 $18,000.00

Total $20,000.00 $32,000.00 $12,000.00

4 0

3 years ago

If a patent lawyer works for a startup without cash compensation, but receives instead shares in the presumably soon-to-be-succe

masha68 [24]

<span>sweat equity, the patent lawyer is doing for a project or enterprise in the form of effort to work for the ownership interest in a business that will increase in value it is a preferred mode of building equity for entrepreneurs who do have much money in their start-up ventures since they may be unable to provide as much financial capital to their business</span>

8 0

4 years ago

Sparkle Metallurgy, Inc. has two service departments (Human Resources and Building Maintenance) and two production departments (

user100 [1]

Answer:

B.40,000 square feet

Explanation:

Calculation to correctly denotes the number of square feet and employees over which the Building Maintenance cost and Human Resources cost would be allocated

Employees Human Resources 4,000

Machining 15,000

Assembly 21,000

Number of square feet 40,000

(4,000+15,000+21,000)

Therefore the number of square feet and employees over which the Building Maintenance cost and Human Resources cost would be allocated is 40,000

3 0

3 years ago