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lord [1]
4 years ago
12

In a market economy, a high price will usually cause

Business
1 answer:
Talja [164]4 years ago
6 0

Answer:

C) producers to supply more and consumers to buy less.

Explanation:

The typical supply curve is upward-sloping (higher price leads to higer quantity supplied) and the typical demand curve is downward sloping (higher price lower quantity demanded).

Price is a measure of how much one good can be exchanged for other things. Production incurred cost (tend to rise as more resources become harder to obtain) so to supply more suppliers will demand higher price. Purchasing higher price good means consumers have less money (less of other goods can be bought) consumer will buy less good at higher price.

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Which would be an example of pattern in a photograph or piece of art?
makkiz [27]

Answer:

a geometric shapes such as the a pyramid

6 0
3 years ago
How do organizations calculate various costs, and what do these calculations mean to business?
QveST [7]

Answer:

See the explanation section

Explanation:

Organizations calculate various costs with the help of the weighted average cost of capital. It is a significant cost measurement system through which organizations can calculate the cost of debt after tax, cost of new equities, cost of existing equities, and cost of preferred shares. WACC can be a benchmark for the organization. A firm needs to know those costs because it can make sure that whether those projects are running smoothly to continue or running worse to reject.

Another significant cost measurement method is the net present value. With the help of NPV, a business can make sure about a project to accept it or reject it.

8 0
3 years ago
According to OSHA standards, a competent person is defined as one who is capable of identifying existing and predictable hazards
Olin [163]

Answer:

True

Explanation:

OSHA standards are health and safety rules that an employer must put in place to ensure the safety of employees and reduce hazards in the workplace.

Different standards are applicable to different industries like the construction , maritime and other industries.

A competent person , according to the standard is one who is capable of identifying existing and predictable hazards in the surroundings , or working conditions which are unsanitary , hazardous or dangerous to employees and who has authorization to take prompt corrective measures to eliminate them.

6 0
3 years ago
According to the text, minimum-wage laws cause increases in:_________.
Mama L [17]

Answer: b) structural unemployment.

Explanation:

Structural Unemployment results from when the skills required by employers are not the skills that employees have. Also it occurs when there at a certain wage rate, there are more people wanting a job than the employer can afford to or wants to hire.

Imposing a minimum-wage law will increase the labor expense of employers so they will demand less workers. At the same time it will increase the number of people looking for work as they will see the minimum wage as an incentive. This would by definition therefore, lead to higher structural unemployment because there will be more workers than employers demand.

8 0
3 years ago
Mocha Company manufactures a single product by a continuous process involving three production departments. The records indicate
Gennadij [26K]

Answer and Explanation:

The journal entry to record the flow of cost into department 3 is shown below

Work in Process - Department 3 $555,000  

          To Work in Process - Department 2  $555,000

(Being the flow of cost into department 3 is recorded)

For recording this we debited the work in process in department 3 as there is a flow and credited the work in process in department 2

The amount is came from

= $100,000 + $125,000 + $150,000 + $50,000 + $60,000 + $70,000

= $555,000

This is the answer but the same is not provided in the given options

8 0
3 years ago
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