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2 years ago

Which best explains how the law of demand affects consumers?

Business

1 answer:

Sergeeva-Olga [200]2 years ago

4 0

The law of demand effects consumer as

It helps consumers tell producers when prices are too high.

Explanation:

The law of demand is a microeconomics concept where it is stated that "conditional on all else being equal, as the price of a good increases, quantity demanded decreases; conversely, as the price of a good decreases, quantity demanded increases".

According to this law thus, it helps costumer to understand which property is high on demand and thus will have high prices and which products having a lower price could be in less demand but it does not really translate to how good the product is.

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Define a SMART goal for your own team<br>

Yanka [14]

Answer:

<h3>To make sure your goals are clear and reachable, one should consider setting SMART goals (Specific, Measurable, Achievable, Relevant, and Timely</h3>

5 0

2 years ago

During its first year of operations, Silverman Company paid $15,085 for direct materials and $10,200 for production workers' wag

elena-s [515]

Answer:

$4,550

Explanation:

First, we need to calculate the product cost per unit

Product cost per unit = Total production costs / Units produced

= ($15,085 + $10,200 + $9,200) / 6,050 units

= $5.7 per unit

Cost of goods sold = $5.7 × 3,700 units

= $21,090

Net income = Sales - Cost of goods sold - Operating expenses

= ($8.2 × 3,700) - $21,090 - $4,700

= $30,340 - $21,090 - $4,700

= $4,550

6 0

2 years ago

In addition to a possible fine, when operating a vehicle on public or private property to avoid a traffic control signal or sign

s2008m [1.1K]

~Hello There!~

They would receive a 2 point moving violation.

Hope This Helps You!
Good Luck :)
Have A Great Day ^_^

- Hannah ❤

7 0

2 years ago

A leveraged buyout refers to a(n): a. action where the management of the firm and/or an external party buys all of the assets of

grigory [225]

Answer:

a restructuring action whereby a party buys all of the assets of a business, financed largely with debt, and takes the firm private.

Explanation:

A leverage means taking a loan to consummate a deal. So a leveraged buyout is when an entity takes a loan in order to buy all the assets of a firm and take it private.

Leveraged buyout is practices by parties that do not have enough funds to purchase a company, but they see a high return of Investments over time.

So they take a loan to buyout the company in the hope that returns will eventually cover the loan taken

3 0

2 years ago

Lin Corporation has a single product whose selling price is $130 per unit and whose variable expense is $65 per unit. The compan

4vir4ik [10]

Answer:

1.- selling 530 units will achieve 2,300 operating profit

2.- sales for $82,100 will achieve 8,900 operating profit

Explanation:

sale price 130

variable 65

contribution margin 65

$\frac{Fixed\:Cost + Target \: Profit }{Contribution \:Margin} = Units\: to\: Profit$

(32150 + 2,300) /65 = 530 units

$\frac{Fixed\:Cost}{Contribution \:Margin \:Ratio} = Sales\: To\: Profit$

$\frac{Contribution \: Margin}{Sales \: Revenue} = Contribution \: Margin \: Ratio$

65/130 = 0.5

(32,150 + 8,900) / 0.5 = 82,100

4 0

2 years ago