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crimeas [40]
3 years ago
10

Suppose roses are currently selling for $40 per dozen, but the equilibrium price of roses is $30 per dozen. We would expect a a.

shortage to exist and the market price of roses to increase. b. shortage to exist and the market price of roses to decrease. c. surplus to exist and the market price of roses to increase. d. surplus to exist and the market price of roses to decrease.
Business
1 answer:
Citrus2011 [14]3 years ago
5 0

Answer:

D

Explanation:

Equilibrium means a state of equality or balance between market demand and supply. Refers to a price at which both parties producers and consumers are agreed to exchange.

Prices where demand and supply are out of balance are called points of disequilibrium.

If the selling prices is over the equilibrium price, means that there is a surplus of excess supply, so the prices would go down to returned to the equilibrium price.

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Astro Co. sold 20,600 units of its only product and incurred a $55,028 loss (ignoring taxes) for the current year as shown here.
Alex

Answer:

Explanation:

Contribution : Contribution tells the availability of funds.  It is computed by taking a difference  of sales and variable cost.

The equation to compute net income is shown below:

Sales - Variable cost = Contribution ;

Contribution - Fixed expense = Net income

For computing the foretasted contribution for 2018, the following information is need to be considered which is shown below.  

1. As for variable cost, 50% should be recognized i.e 627,888 × 50% = $313,944

2. The fixed cost is increased by $156,000. So the revised fixed cost = 212,000 + $156,000 = $368,000

3. Other things remain same.

The calculation attachment is given below:

6 0
3 years ago
A company will buy 1000 units of a certain commodity in one year. It decides to hedge 80% of its exposure using futures contract
Nataliya [291]

Answer:

$96 per unit

Explanation:

The computation of the average price paid for the commodity is shown below:

Average price = Total cost ÷ Total number of units

where,

Total cost = Total number of units buyed × spot rate - hedge fund

where,

Hedge fund is

= 1,000 × 80% × ($110 - $90)

= $16,000

So, the total cost is

= 1,000 units × $112 - $16,000

= $96,000

Now the average price is

= $96,000 ÷ 1,000 units

= $96 per unit

6 0
3 years ago
On her way to visit her parents, Jennifer drives 265 miles in 5 hours.
Zolol [24]
Speed = distance/time
           = 265/5
           = 53 mph

hope this helps :)


4 0
3 years ago
Suppose the demand for good X is given by Qdx = 10 + axPx + ayPy + aMM. From the law of demand we know that ax will be: less tha
diamong [38]

Answer:

less than zero

Explanation:

According to the law of demand, an increase in price reflects in a decrease in demad. That is, price and demand are inversely proportional. Since ax is associated with the price of good X, it must be negative to accurately describe that behavior in the demand function.

Thus, ax will be: less than zero.

6 0
3 years ago
What is the type of international trade​
mr Goodwill [35]

profit really

Explanation:

There are three types of international trade: Export Trade, Import Trade and Entrepot Trade. ... It means importing goods from one country and exporting it to another country after adding some value to it. For instance, India imports gold from China makes jewelry from it and then exports it to other countries

5 0
3 years ago
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