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3 years ago

If all other factors are equal, what will happen to the supply of a product if the price goes up?

2 answers:

4 0

B. The supply will decrease.

If all other factors are equal, supply will decrease as the prices go up. Why would this be the case? As prices go up, demand for the product will go down, because some purchasers will not be able to afford the product. As demand goes down, then also suppliers will reduce their production of that product.

In economics, the law of demand asserts that the higher the price of something, the less people will demand that thing. The law of supply asserts that producers will supply more a product when it is selling at a higher price and are less motivated to produce quantities of the product when it is selling at low prices.

ch4aika [34]3 years ago

4 0

The demand will increase

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A company can sell all the units it can produce of either Product A or Product B but not both. Product A has a unit contribution

Mashutka [201]

Answer:

Income = $30,000

Explanation

Whenever a company is faced with a limiting factor i.e a resource in short supply, the company should allocate the resource to the product with he highest contribution per unit of the scare resource

Product Cont/unit machine hr /unit cont/hr Ranking

A $8 2 hrs $4/hr 2nd

B $18 3 hrs $6/hr 1st

Hence the company should allocate the resource to the product B

Hence the total contribution

= 5000 hrs × $6 per hr.

= $30,000

Income = $30,000

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2 years ago

Luther Corporation Consolidated Balance Sheet December 31, 2006 and 2005 (in $ millions) Assets 2006 2005 Liabilities and St

aliina [53]

Answer:

C. 1.3

Explanation:

market to book ratio = market capitalization / book value

market capitalization = total stocks outstanding x stock price = 10,200,000 stocks x $16 = $163,200,000
book value = stockholders' equity = $125,600,000

market to book ratio = $163,200 / $125,600 = 1.299 ≈ 1.3

The market to book ratio basically measures a company markets value versus its book value. Generally, if a company is profitable and successful, its market to book ratio should be higher than 1.

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3 years ago

Peggy is in the business of factoring accounts receivable. Last year, she purchased a $30,000 account receivable for $25,000. Th

N76 [4]

Answer:

e. None of these.

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2 years ago

What does the quantity theory speculate about the cause of inflation?

Gala2k [10]

Well the quantity theory is "The hypothesis that changes in prices correspond to changes in the monetary supply" so when inflation happens the price will increase but when that happens the purchases and the value of money will decrease so will its demand. That's the speculation that the prices will not correspond to the monetary supply

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3 years ago

Presented below is information related to Lexington Real Estate Agency.

Ber [7]

Answer:

Oct 1

DR Cash............................................................................$20,000

CR Common Stock.........................................................................$20,000

Oct 2. No entry required

Oct 3

DR Office Furniture .....................................................$2,300

CR Accounts Payable................................................................$2,300

Oct 6

DR Accounts Receivable.............................................$3,600

CR Service Revenue - Realty services...................................$3,600

Oct 27

DR Accounts Payable ..................................................$850

CR Cash .......................................................................................$850

Oct 30

DR Salaries Expense ....................................................$2,500

CR Cash ..........................................................................................$2,500

3 0

3 years ago