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solong [7]
3 years ago
10

Why is the supply curve a vertical line

Business
1 answer:
AlladinOne [14]3 years ago
5 0
In some cases, supply curves are vertical, which means that for any price from 0 up to infinity, the quantity will stay the same.

This is very true for supply of an authentic painting in auctions, where there may only be 1 single painting, and people state the highest price they are willing to pay for the painting. Regardless of the price, there will only be 1 authentic painting for that price.

Hope this helps! :)
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CrayFry offers a discount on an extended warranty on its CrayFrier when the warranty is purchased at the time the fryer is purch
Aleks [24]

Answer:

The answer is: C)$3,000

Explanation:

The standalone selling price is the price at which the company would sell warranty separately to its customer. In this case we need to find the stand alone price of the discount option.

We first find the difference between regular price and the discount option:

$25 - $20 = $5

Then we multiply by the possibility of the discount sale happening (60%) and the total number of goods sold with the discount option.

= $5 x 60% x 1,000 fryers

= $3,000

6 0
3 years ago
Which of the following statements is CORRECT?A. Shareholder's equity is the residual value of a firmB. Net working capital must
olga55 [171]

Answer:

The correct answer is letter "A": Shareholder's equity is the residual value of a firm.

Explanation:

Shareholders' equity is a measure of a company's net worth. I can be calculated by subtracting the company's total liabilities from its assets. It is also understood as the <em>funds remaining after all creditors and debts are paid</em> that is why we could say it is the residual value of the firm.

4 0
3 years ago
Factory labor charges that cannot be easily traced to a job are treated as ______.
natulia [17]

Answer:

Manufacturing overhead

4 0
1 year ago
Describe good cash management practices involving inventory purchases. (Check all that apply.) Multiple select question. Buyers
Goshia [24]

Answer:

Invoices should be paid on the last day of the discount period.

Buyers should take advantage of early payment discounts.

Explanation:

Cash management can be regarded as

process involvinh collection and management of cash flows. Cash management is very crucial for individuals as well as companies as far as financial stability is concerned. It should be noted that good cash management practices involving inventory purchases;

✓Invoices should be paid on the last day of the discount period.

✓Buyers should take advantage of early payment discounts.

7 0
2 years ago
One of your customers is delinquent on his accounts payable balance. youâve mutually agreed to a repayment schedule of $660 per
Ahat [919]
N=log((1−14,880×0.0106÷660)^(−1))÷log(1+0.0106)=25.9 months

5 0
3 years ago
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