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4 years ago

The demand for a necessity whose cost is a small portion of one's total income is

1 answer:

3 0

It is the Relatively Price Inelastic. It is a measure utilized as a part of financial aspects to demonstrate the responsiveness, or flexibility, of the amount, requested of a decent or administration to an adjustment in its cost, ceteris paribus. All the more accurately, it gives the rate change in amount requested because of a one percent change in cost

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Retained earnings represents: Multiple Choice Amount of cash available for paying dividends. Total assets minus total liabilitie

kotegsom [21]

Answer:

All net income, less all dividends, since the company began operations.

Explanation:

Retained Earnings are the retained profits that the company keeps with itself, for meeting any case of emergency or for growing company and thus, meeting the growing expenses.

Each year when company earns profits and then, it distributes its profits in the form of dividends, the balance remaining after paying the dividends is added to retained earnings.

Thus, the entire balance of these kind of profits not paid anywhere else and also not utilized is called retained earnings.

4 0

3 years ago

The demand function for pork is:

nekit [7.7K]

Answer:

Equilibrium price= $3

Equilibrium quantity= 500 tons

Explanation:

At equilibrium, quantity demanded is equal to quantity supplied.

It was give that Income= $50,000

So Qd= 300- 100p +0.01(50,000)

Qd= 300- 100p + 500= 800- 100p

Also Cost is given as $5

So Qs= 200+ 150p- 30(5)

Qs= 200+150p- 150= 50+ 150p

At equilibrium Qd= Qs

800-100p= 50+ 150p

Rearranging you get

800-50= 100p+ 150p

750= 250p

750/250= p

$3= p

This is the equilibrium price, subsititute p in equation Qd= 800- 100p

Qd= 800- 100(3)

Qd= 800- 300= 500 tons

So 500 is the equilibrium quantity

7 0

3 years ago

Which of the following is not an advantage of the corporate form of business organization?

RoseWind [281]

Answer:

Easy to transfer ownership.

Explanation:

its ownership is easily transferable via the sale of shares of stock.

3 0

3 years ago

Is heronation valid will i make money from them

mars1129 [50]

I would definitely be weary. If you can't answer if they're valid on your own, it's probably not!

5 0

3 years ago

3. A company manufactures two types of products: A and B. Three resources R1, R2, and R3 are required to make these products. a.

mojhsa [17]

Answer:

(i)The units of production of Product A and B (x and y) are the decision variables

(ii)Objective is to maximize profit

(iii)Objective function, Max P=20x+50y

(iv)The Contraints are:

8x+2y $\leq$ 500....(i)

2x+5y $\leq$ 400.......(ii)

3y $\leq$ 180

x>0, y>0

Explanation:

Let the number of Product A=x

Let the number of Product B=y

Each unit of product A requires 8 units of R1 and 4 units of R2.

Each unit of product B requires 2 units of R1, 5 units of R2, and 3 units of R3

The availabilities of resources R1, R2, and R3 are 500, 400, and 180

Since R1 $\leq$ 500,

Product A requires 8 units of R1 per production unit

Product B requires 2 units of R1 per production unit

Total Unit of R1 possible is given by the inequality: 8x+2y $\leq$ 500....(i)

Since R2 $\leq$ 400,

Product A requires 2 units of R2 per production unit

Product B requires 5 units of R2 per production unit

Total Unit of R2 possible is given by the inequality: 2x+5y $\leq$ 400....(ii)

Since R3 $\leq$ 180,

Product B requires 3 units of R2 per production unit

Total Unit of R2 possible is given by the inequality: 3y $\leq$ 180....(iii)

Since the manufacturer also makes a profit of $20 and $50 for products A and B, our objective is to maximize profit

Therefore: Objective function, Max P=20x+50y ......(iv)

5 0

3 years ago