All categories

3 years ago

The "market clearing price" is most closely associated with

2 answers:

5 0

The correct answer that would best fit the given statement above would be MARKET EQUILIBRIUM. The "Market clearing price" is most closely associated with Market equilibrium or equilibrium price. Market-clearing happens <span>when the demand curve and supply curve intersect. Hope this answer helps.</span>

mel-nik [20]3 years ago

4 0

The market clearing price is the price that balances the amount buyers want to buy with the amount sellers want to sell. This price balances the amounts demanded and supplied. The "market clearing price" is most closely associated with market equilibrium, because it exists when a market is clear of shortage and surplus, or is in equilibrium, when the demand curve and supply curve intersect.

You might be interested in

What is institutional advertising focused on promoting?

ValentinkaMS [17]

Answer:

Product advertising focuses on promoting specific individual products while institutional advertising focuses on your overall brand

8 0

2 years ago

Read 2 more answers

Which of the following best represents the stream of income that is available to common stockholders?

dmitriy555 [2]

Greeting's!

<span>c. earnings before interest and taxes .
______________________________
</span>

7 0

3 years ago

The _________________ is a resource that provides information on a wide variety of occupations, which also includes information

levacccp [35]

The lovely world of Internet. C:

4 0

3 years ago

Read 2 more answers

The premise of sociobiology with regard to humans is that:

Anarel [89]

The belief that human behavior, as well as nonhuman animal behavior, can be partly explained as the outcome of natural selection

6 0

2 years ago

Mission Foods produces two flavors of tacos, chicken, and fish, with the following characteristics:

postnew [5]

Answer:

1. $858,000

2. Chicken = 24,000 units and Fish = 36,000 units

Explanation:

The computation is shown below:

1. The anticipated level of profits for the expected sales volumes is

= Expected sales of chicken × (Selling price per taco - Variable cost per taco) + Expected sales of fish × (Selling price per taco - Variable cost per taco) - total fixed cost

= 200,000 × ($3 - $1.50) + 300,000 × ($4.50 - $2.25) - $117,000

= $300,000 + $675,000 - $117,000

= $858,000

2. The break even volume is

Let we assume the sale units be X

So, total units sold for chicken = 40X

And, for the fish it is = 60X

Sale units of chicken × (Selling price per taco - Variable cost per taco) + Sale units of chicken × (Selling price per taco - Variable cost per taco) = Total Fixed cost

0.40X × (3 – 1.50) + 0.60X × (4.50 – 2.25) = $117,000

0.60X + 1.35X = $117,000

1.95X = $117,000

So, the X is 60,000 units

So for chicken it is 60,000 × 40% = 24,000 units

And for fish it is 60,000 × 60% = 36,000 units

7 0

3 years ago