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3 years ago

Why is the supply curve a vertical line

1 answer:

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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Is the following scenario a partnership? Your parents ask you to babysit your sibling for the evening and they give you a long l

solong [7]

Your parents give you a large set of instructions and ask you to watch your brother for the evening. There is no collaboration in this situation.

An agreement between two or more persons to manage a business's operations and divide its assets and liabilities is known as a partnership. In a general partnership corporation, the assets and liabilities are divided equally among all of the partners.

By definition, a partnership firm consists of two or more individuals who pool their resources to create a company and agree to split the risks, rewards, and losses. Examples of common partnership businesses include law firms, medical groups, investment real estate companies, and accountancy groups.

Two or more persons are required. An agreement is required. The firm must distribute its gains. There has to be reciprocal agency.

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7 0

1 year ago

The stock of business adventures sells for $40 a share. Its likely dividend payout and end-of-year price depend on the state of

Sholpan [36]

Answer:

Explanation:

(a) HPR = Ending Price - Beginning Price + Cash Dividend / Beginning Price

a. The holding period returns for the three scenarios are:

Boom: (48 - 40 + 2.8)/40 = 0.27 = 27%

Normal: (43 - 40 + 1.8)/40 = 0.120 = 12.0%

Recession: (34 - 40 + .90)/40 = -0.1275 = -12.75%

= [(1/3) × 0.27] + [(1/3) × 0.120] + [(1/3) × (-0.1275) =0.08750 or 9%

Variance = [(1/3) × (0.27 - 0.08750)^2] + [(1/3) × (0.120 - 0.08750)^2] + [(1/3) × (-0.1275 - 0.08750)^2] = .026863

Std. Dev = Sq. Rt .026863 = .16390 = 16.39%

(b) E(r) = (0.5 × 8.75%) + (0.5 × 5%) = 6.88%

σ = 0.5 × 16.39% = 8.19%

Thanks

3 0

3 years ago

Cobe Company has already manufactured 17,000 units of Product A at a cost of $25 per unit. The 17,000 units can be sold at this

iogann1982 [59]

Answer:

It is more convenient to continue processing.

Explanation:

Giving the following information:

Cobe Company has already manufactured 17,000 units of Product A for $25 per unit. The 17,000 units can be sold at this stage for $450,000. Alternatively, the units can be further processed at a $280,000 total additional cost and be converted into 5,800 units of Product B and 11,100 units of Product C. Per unit selling price for Product B is $100 and for Product C is $56.

We need to determine whether it is more convenient to sell the units now, or continue processing.

Sell now:

Income= 450,000 - (17,000*25)= $25,000

Continue processing:

Income= sales produc B + sales product C - joint cost - Product A cost

Income= 5,800*100 + 11,100*56 - 280,000 - (17,000*25)= $496,600

It is more convenient to continue processing.

4 0

3 years ago

the supply curve slopes upward because at a higher price, producers have an incentive to produce more

Yuri [45]

The supply curve slopes upward because at a higher price, producers have an incentive to produce more and supply a larger quantity.

More about the supply curve:

The supply curve illustrates the relationship between the price of an item or service and the volume delivered over a specific time period. In a typical scenario, the amount supplied will be shown on the horizontal axis and the price will be shown on the left vertical axis.

The law of supply is expressed by the supply curve, which rises from left to right: The amount supplied rises as a certain commodity's price rises. A new supply curve must be created if a component other than price or quantity changes.

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1 year ago

In ______ plans, the employer allocates a certain amount of money to each employee and lets the employee spend that money for be

Sergeeva-Olga [200]

In Cafeteria plan plans, the employer allocates a certain amount of money to each employee and lets the employee spend that money for benefits that suit him or her.

<h3>Work of Cafeteria Plan</h3>

Although it has nothing to do with food, a cafeteria plan receives its name from a cafeteria. Before payroll taxes are calculated, employees can select the benefits of their choosing from a pool of possibilities supplied by their employers, just like people make meal choices in cafeterias. As workforce diversity increases and workers look for more individualized benefits that are catered to their requirements, these plans become increasingly beneficial.

The insurance choices available under cafeteria plans include contributions to health savings accounts (HSAs), group term life insurance, and disability insurance.

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1 year ago