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xz_007 [3.2K]
3 years ago
15

Suppose the price increases from $30 to $40. demand is

Business
1 answer:
matrenka [14]3 years ago
7 0
The demand for the product must have increased 
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What is the difference between purpose and objectives in setting goals for future .​
Zarrin [17]

Answer: Purpose is something that influences goal. And objective is the specific action which one try to achieve as a short term plan.

Explanation:

6 0
3 years ago
Upon completing an aging analysis of accounts receivable, the accountant for Rosco Works prepared an aging of accounts receivabl
alisha [4.7K]

Answer:

the bad debt expense is $6,830

Explanation:

The computation of the bad debt expense is shown below:

= Estimated uncollectible amount + debit balance of allowance for doubtful accounts

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= $6,830

Hence, the bad debt expense is $6,830

We simply added the above amount as it represent the bad debt amount

The same is to be considered  

6 0
3 years ago
When a competitive market is in​ equilibrium, what is the economically efficient level of​ output? A. any output level where mar
Anestetic [448]

Answer:

The correct answer is C. the output level where marginal cost is equal to marginal benefit .

Explanation:

Competitive equilibrium Traditional concept of economic equilibrium used for the analysis of  goods markets with flexible prices and many agents, which usually serve as a benchmark for efficiency in economic analysis. Crucially, it depends on the assumption of a context in which each agent makes decisions about such a small amount compared to the total amount traded in the market that their individual transactions have no influence on prices.

It consists of a price system and an allocation of the production and consumption of the economy among the various agents, such that, given the prices, each agent maximizing its objective function (benefits, preferences) subject to restrictions (technological, of resources) plans to trade its share in the proposed allocation, at prices that make all exchanges compatible with each other by balancing the markets, that is, matching the aggregate supply with the demand  aggregate of each of the goods and services traded.

6 0
3 years ago
What is economic of skill ​
Greeley [361]
I would define economies of skill as the characteristics of marketing process in which an increase in the skill of the team causes a decrease in long run average cost per order dollar (COPD).
Hope this helps!! <3
6 0
2 years ago
On jan 1, 2013, a company balance in retained earnings was $10,000,000. at dec 31, 2013 the balance in retained earnings was $9,
Vsevolod [243]
The dividends amounted to $1,044,000.
5 0
3 years ago
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