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natali 33 [55]
3 years ago
5

If the price of a substitute increases, which of the following is most likely to happen in the market for the product under cons

ideration in the short run?
a. Supply will increase.
b. Firms will leave the market.
c. Firms will devote more variable inputs in the production of this good.
d. Firms will devote less variable inputs in the production of this good.
Business
1 answer:
OleMash [197]3 years ago
6 0

Answer:

If the price of a substitute increases, which of the following is most likely to happen in the market for the product under consideration in the short run?

Firms will devote more variable inputs in the production of this good.

Explanation:

When there is more variable inputs in the production of goods it gives room to have more substitute goods, hence; increases patronage.

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After studying the differences between groups and teams, Devon realizes that she and the people she works with every day fall so
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Answer:

a. semi-autonomous

Explanation:

Semi autonomous has a dictionary meaning that states being independent to some defined extent.

In the given instance also Devon thinks that her colleagues or coworkers are somewhere between the two categories, that is up to a certain extent they are really independent in their views. While on the other hand, at some situations their views depend on the things like views of coworkers.

Thus, using the term that the coworkers are semi autonomous is correct as to the concern they can exercise their own powers in half way.

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3 years ago
The two main motives for travel are _______________. business and pleasure fun and games health and wellness relatives and polit
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Most likely business and pleasure.
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Link Company uses a process cost system and the weighted average method. During the year the company completed 1,300 units of pr
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Answer:

Cost per equivalent unit: $60

Explanation:

Cost per equivalent unit = (Cost of Beginning Work in Progress Inventory + Total production cost during the period) / Equivalent Units of Production (EUP)

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Cost per equivalent unit: $90,000 / 1,500 units = $60

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3 years ago
On October 29, Lobo Co. began operations by purchasing razors for resale. The razors have a 90-day warranty. When a razor is ret
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Answer: Please refer to Explanation

Explanation:

It is stated that the company expects warranty costs to equal 8% of dollar sales and that the cost of 1 razor is $15 to make.

Nov 11

DR Cash $4,900

CR Sales $4,900

(To record Sale of Razors)

Nov 11

DR Cost of goods sold (70*15) $1,050

CR Merchandise inventory $1,050

(To record Cost of Goods Sold)

Nov 30

DR Warranty expense (4,900 * 8%) $392

CR Estimated warranty liability $392

(To record Warranty Expense)

Dec 9

DR Estimated warranty liability (14 *$15) $210

CR Merchandise inventory $210

(To Record Warranty Liability)

Dec 16

DR Cash $14,700

CR Sales $14,700

(To record sale of Razors)

Dec 16

DR Cost of goods sold (210 * 15) $3,150

CR Merchandise inventory $3,150

( To record Cost of Goods sold)

Dec 29

DR Estimated warranty liability (28*15) $420

Merchandise inventory $420

( To record Warranty Liability)

Dec 31

DR Warranty expense (14,700*8%) $1,176

CR Estimated warranty liability $1,176

(To record Warranty Expense)

Year 2

Jan 5

DR Cash $9,800

CR Sales $9,800

(To record sale of Razors)

Jan 5

DR Cost of goods sold (140 *15) $2,100

CR Merchandise inventory $2,100

(To record Cost of Goods sold)

Jan 17

DR Estimated warranty liability (33*15) $495

CR Merchandise inventory $495

(To record Warranty Liability)

Jan 31

DR Warranty expense (9,800 * 8%) $784

CR Estimated warranty liability $784

(To record Warranty Expense)

3 0
3 years ago
Why might increasing taxes increasing taxes as a fiscal policy be a more difficult policy than the use of monetary policy to slo
Ratling [72]

Answer:

The legislative process experiences longer delays than monetary policy.

Explanation:

6 0
3 years ago
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