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natali 33 [55]
3 years ago
10

What does it mean to say that quantity supplied and price have a direct relationship

Business
1 answer:
sweet [91]3 years ago
6 0

This means the amount of a good that is avalible (quanity) will impact how much it is (price). The higher the quanity the lower the price. The lower the quanity the higher the price.

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In a perfectly competitive industry, influence over price is exerted by
tigry1 [53]

Answer:

(C) the forces of supply and demand

Explanation:

In a perfectly competitive industry, no single buyer nor seller will be able to influence prices thus marking the forces of demand and supply (the invisible hand) the determinant of pricing. Each buyer or seller will only account for a minute portion of total demand and supply thus making their influence of market price insignificant.

Options (A), (B) and (D) are incorrect as the largest firms, individual sellers and individual buyers do not influence pricing over price in a perfectly competitive market.

8 0
3 years ago
Users create expense reports and attach receipts in an Expenses app before submitting them for approval. What should the Adminis
monitta

Answer:

The administrator should consider the App's ability to enable the user to scan and attach receipts with the expense reports.

Explanation:

The App for Salesforce Mobile should be enabled to scan and attach receipts with the expense reports in order to meet the user's requirements.  The easiness of the Mobile App achieving this functionality is very important.  Once users were not always able to easily implement this functionality in the App, then it would not be considered user-friendly.  The scanning should be as simple as taking a shot with the phone's camera.

7 0
3 years ago
Entry into a market by new firms will increase the:_______
Oksi-84 [34.3K]

Answer:

The right approach is Option a (supply of the good).

Explanation:

  • Supply would increase substantially of some more production. Increasing the income of established businesses wouldn’t rise, as there has been increasing competitiveness.
  • This similar value of the product is likely to decline due to further fulfillment as well as the same requirement. Marginal costs would never be compromised.

Anyone else alternatives possible does not apply to the situation throughout the question. That's the right thing above.

8 0
3 years ago
Fairweather Corporation purchases merchandise on terms of 2/15, net 40, and its gross purchases (i.e., purchases before taking o
Kobotan [32]

Answer:

The answer is $53,699

Explanation:

Discount = 2%

Discount days = 15 days

Net days = 40 days

Gross purchase is $800,000 per year

Discount on the purchase is $16,000(2% of $800,000)

Therefore net purchase is $784,000($800,000 - $16,000).

Net per day is:

Net purchase ÷ 365 days

$784,000 ÷ 365 days

= $2,147.95

Total trade credit = Net per day x Net days

$2,147.95 x 40 days = $85,918

Free credit = Net per day ×Discount days

=$2,147.95 x 15= $32,219

Therefore, Costly trade credit = Total credit −Free credit

$85,918 - $32,219

= $53,699

9 0
3 years ago
Who said "only by promoting manufacturing and commerce can our economy grow and prosper"?
AfilCa [17]
This was said by Alexander Hamilton in the 1790s in a debate with Thomas Jefferson during the debate of Jefferson vs. Hamilton when Hamilton proposed the National Bank yet Thomas Jefferson was strongly against it.

8 0
2 years ago
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