1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
BabaBlast [244]
3 years ago
13

What happens to price when the cost of resources rise and falls

Business
1 answer:
JulijaS [17]3 years ago
6 0
In any business, when the cost of resources rise, the price of buying the commodity will also be high, this is because when it cost you much to produce a commodity, you will end up charging a higher price when selling it. Failure to do so may lead to making loses. The opposite is also true, when the cost of resources fall, the pricing will also be less.
You might be interested in
Costs that are shared by multiple cost objects in a company are known as ______ costs.
laiz [17]

Costs that are shared by multiple cost objects in a company are known as common costs.

<h3>What is cost?</h3>

Cost involves expenses that are incurred either in production or purchase of goods and services. Common cost consist of all cots incurred, it is not attached to any specific cost object, such as a product or process.

When cost is attached to particular cost it can be given a name.

Example is overhead cost of production, direct cost and indirect costs.

Therefore, Costs that are shared by multiple cost objects in a company are known as common costs.

Learn more on cost below

brainly.com/question/25799822

#SPJ1

8 0
1 year ago
True or false? a 1991 study found that 91 percent of 6-year-olds recognized joe camel, the same percentage that recognized the m
astra-53 [7]
<span>True

</span>A 1991 study found that 91 percent of 6-year-olds recognized joe camel, the same percentage that recognized the mickey mouse logo of the Disney channel. The study came out on December 10, 1991, n the Journal of the American Medical Association. This study <span>supported arguments that cigarette advertising plays a big role in inducing minors to smoke, according to the authors.</span>
6 0
3 years ago
As leader of your company's Web team, you have been asked to give an oral presentation of plans for your company's new Website.
monitta

Answer:

Because it will greatly help to pass (convey) the information across the board in a very effective and interesting way.

Explanation:

As leader of your company's Web team, when you have been asked to give an oral presentation of plans for your company's new Website. Those attending your presentation include upper-level managers and members of various departments in the company. You should consider using presentation tools during your meeting because it will greatly help to pass (convey) the information across the board. Presentation tools are very much effective when you have to pass information within certain groups in a very effective, interesting and efficient way. You can create attentiveness and interest within your audience with the help of aesthetically appealing images, graphics and fonts. In this way you can convey heard to understand concepts, definitions and philosophies in a very easy way.

8 0
3 years ago
Ivy Ledbetter Lee, one of the founders of public relations and often dubbed "Poison Ivy," actually believed that honesty and dir
Elden [556K]

Answer: True

Explanation: Ivy lee is the father of public relations theory and suggested that for having healthy relation with clients in any business, the management in business should be honest and direct towards the client as this will help to win their confidence .

As per his understandings, deception with the client will not last long in the market leading to poor image.

4 0
3 years ago
suppose the absolute values of the intercept and slope of the demand function are approximated to be 10 and 3 respectively. if t
egoroff_w [7]

The equilibrium price is $0.5 while the equilibrium quantity is 8.5

From the Demand data that we have in this question,

Slope = 3

Intercept = 10

The demand equation

D = -3p + 10

D = 10 - 3p

The supply data

Slope = 5

Intercept  = 6

Supply equation

S = 6 + 5p

D = S

This is because at equilibrium, <u>supply = demand</u>

Therefore,

10-3P = 6+5P

collect like terms

10-6 = 3p+5p

4 = 8p

Divide through by 8

p =\frac{4}{8} \\\\= \frac{1}{2}

Equilibrium price = $0.5

The equilibrium quantity

D = 10 - 3*0.5

= 10-1.5

= 8.5

Therefore from the calculation, the equilibrium price is $0.5 and the equilibrium quantity is 8.5

Read more on brainly.com/question/16689858?referrer=searchResults

3 0
3 years ago
Other questions:
  • An increase in interest rates should cause level of bussiness investment spending to
    11·1 answer
  • 'the salvation army runs a campaign over the christmas holidays called the mobile bell ringer. volunteers send text messages to
    12·1 answer
  • Bau Long-Haul, Inc., is considering the purchase of a tractor-trailer that would cost $283,215, would have a useful life of 7 ye
    8·1 answer
  • Final project – part v: global economic crisis speech discuss one or more of the economic systems and how they are impacted by a
    15·1 answer
  • You are hired by the Chair of the Federal Reserve to manage the trading desk at the New York Fed and the Chair tells you that he
    13·1 answer
  • Suppose that the federal government places a binding price floor on chocolate. To help support the price floor, the government p
    10·1 answer
  • 1. Lily operates a gift shop and has a lot of inventory to manage. She counts inventory once every 4 weeks. Preparing and placin
    15·2 answers
  • Negative externalities can diminish a property's value by imposing costs on the community at large. In order to offset this detr
    7·1 answer
  • List three things you can do to improve job satisfaction
    8·2 answers
  • developing a content distribution goal begins with identifying the purpose behind your distribution efforts. which questions can
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!