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2 years ago

Which of the above diagrams illustrates the effect of an increase in automobile worker wages on the market for automobiles?

1 answer:

7 0

Considering the diagrams (file:///C:/Users/Administrator/Desktop/image...1.webp).
The answer is D only.
The diagram shows a shift in the supply curve. Changes in production cost and related factors can cause an entire supply curve to shift right or left. This in turn causes a higher or lower quantity to be supplied at a given price. Additionally, if the cost of resources used to produce a good increases, sellers or suppliers will be less inclined to supply the same quantity at a given price, and the supply curve will shift to the left. Those factors that increase production efficiency such as technology advances, shifts the supply curve to the right.

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Which of the following is a list of private goods only?

Tamiku [17]

<u>Answer</u>:

C) a watermelon, a chair, and a pencil is a list of private goods only.

<u>Explanation</u>:

In Economics, private goods are goods that need to be purchased for consumption, and if an individual is consuming it, then the other individuals cannot consume it. These goods are also considered as excludable which means that if a user has bought it, he/she can prohibit its use from the public through ownership rights. The owner could be an individual or a group of individuals.

By applying the above definition, it is clear that C is the only alternative that consists of private goods only, that is, A watermelon, a chair, and a pencil.

8 0

3 years ago

Which are costs of a college education? Check all that apply.

Korolek [52]

Answer:

Tuition

Books and fees

Academic scholarships

Students loan

7 0

2 years ago

Most leadership training programs concentrate on developing, maintaining, or enhancing individual attributes. this most accurate

uranmaximum [27]

Most leadership training programs concentrate on developing, maintaining, or enhancing individual leader attributes. this most accurately is an example of leader development.

Although leader development does not have a single theory that it is based on, development theory draws on two components of development: learning and change. Learning is founded on two traditions: behaviorism, which advocates a permanent change in behavior after experience.

A leader cannot evolve without change taking place since development is a kind of change. Learning is the achievement of a lasting change in a person as a result of practice or experience, which in turn promotes change and development.

To learn more about leader, click here.

brainly.com/question/15176246

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7 0

11 months ago

Return on investment LO A1, A2 ZNet Co. is a web-based retail company. The company reports the following for 2017. Sales $ 23,16

katovenus [111]

Answer:

2017

ROI = 18%

Profit Margin = 30%

2018

ROI = 25.2%

Investment Turnover = 84%

Explanation:

The formulas for the required ratio are as follows,

ROI = Operating income / Average invested assets

Profit margin = Operating Income / Sales

For 2017,

ROI = 6,948,000 / 38,600,000 = 0.18 = 18%

Profit margin = 6,948,000 / 23,160,000 = 0.3 = 30% of sales

For 2018, we compute increased sales first

Sales = 23,160,000 * 1.4 = $32,424,000 after 40% increase

with profit margin staying the same, profit for 2018

Profit = $32,424,000 * 0.3 = $9,727,200

Using the earlier formulas,

ROI = $9,727,200 / 38,600,000 = 0.252 = 25.2%

Investment turnover = Sales / Average invested assets

Investment Turnover = $32,424,000 / 38,600,000 = 0.84 = 84%

Hope that helps.

8 0

2 years ago

Read 2 more answers

MC Qu. 116 CWN Company uses a job order costing... CWN Company uses a job order costing system and last period incurred $70,000

-BARSIC- [3]

Answer:

85%

Explanation:

With regards to the information above, predetermined overhead will be computed as;

Predetermined overhead = (Estimated overhead / Expected labor cost) × 100

Estimated overhead = $85,000

Expected labor cost = $100,000

Then,

Predetermined overhead = ($85,000 / $100,000) × 100

Predetermined overhead = 85%

Therefore, its predetermined overhead rate for the next period should be 85%

4 0

2 years ago