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Naddik [55]
4 years ago
6

This is a graphic representation of the quantity producers are willing to produce at different prices.

Business
1 answer:
Mila [183]4 years ago
6 0

Answer:

The correct answer is: supply curve.

Explanation:

The supply curve is the graphical representation of the supply of a product. The supply of a product can be defined as the quantity of goods or services that a producer is willing to produce at a given time.  

The supply schedule shows the quantity the producers are willing to supply at different prices. Its graphical representation is the supply curve.  

The supply curve is an upward sloping curve indicating a positive relationship between the price level and the quantity supplied.

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Which of the following is a valid reason for governmental entities to engage in business-type activities?(A) The entity does not
Orlov [11]

Answer: Option D

     

Explanation: The prime objective of every government in the world is to develop their nation and make the life of their population better. The living standard of the population heavily depends on the basic necessities of life.

Therefore, sometimes government engage in business activities to provide individuals certain commodities at subsidized prices. Most of the government entities do not work for profit thus they are able to provide commodities cheaper than private sector.

Hence, from the above explanation we can conclude that option D is correct.

5 0
3 years ago
Which of the following explanations resolve the Leontief paradox?a. Leontief assumed that U.S. and foreign technologies were the
mafiozo [28]

Answer:A. Leontief assumed that U.S. and foreign technologies were the same, while the Heckscher-Ohlin model assumes they are different

B. Leontief ignored land abundance in the United States

D. Leontief’s test distinguished between skilled and unskilled labor, but ignored capital.

Explanation:Leontief paradox is a Russian-American economist, his work was based on the work of Wassily W. Leontief he attempted to test the Heckscher–Ohlin theory ("H–O theory") empirically.

in economics tries to explain that a country with a higher capital per worker has a lower Capital per labor ratio in export than when compared to Import.

LEONTIEF IGNORED THE ABUNDANCE OF LAND IN MAKING HIS ASSUMPTIONS

HE ALSO CLASSIFIED THE U.S TECHNOLOGY AND OTHERS AS THE SAME WHICH IS NOT IN LINE WITH THE H-O MODEL ASSUMPTION.

LEONTIEF THEORY IGNORED CAPITAL DURING HIS TEST.

8 0
3 years ago
Explain the equation for the income statement. What are the three major items reported on the income statement?
Sergio039 [100]

The equation for the income statement is Revenues - Cost of goods = Net income. The three major items reported on the income statement are net income, gross profits, and operating income.

The income statement is a statement of the profits and losses of a firm. It consists of three income statements. The Net income is derived by deducting the expenses of the firm from its revenues (Net income = Revenue - Expenses). It may also be calculated by adding the operating income with the non-operating items.

Gross profit is arrived at by subtracting the expenditure made on the products that were sold from the revenue of a firm. The Operating income is the result of subtracting the operating expenses from the gross profit.

To learn more about income statement : brainly.com/question/14308954

#SPJ4

4 0
2 years ago
If redbox is successful at attracting customers to a location, then mcdonald's could possibly realize
ahrayia [7]
<span>Fast food locations would most likely have good success with deploying Redbox booths at their locations. Consumers are always looking for a more convenient location to return or pick up their movies as well as feed themselves.</span>
5 0
3 years ago
Check all answers that apply. Based on the model output, we can say that both the size of the move (CuFt) and number of large fu
RideAnS [48]

Answer:

P-value for slope coefficient of the size of the mode CuFt is0.00

Explanation:

The slope coefficient is change in probability when all other independent variables are held constant. The output is 93.3 which is due to the variation in labor hours. These variations are due to large number of furniture moved in cubic feet.

7 0
3 years ago
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