A persons driving record will affect the automobile insurance premium. True or false

Suppose we observe that as the price of lettuce increases from $1 to $2 per head, consumers buy only half the number of heads of

alex41 [277]

Answer:

C. A decrease in the quantity demanded

Explanation:

Price Elasiticity

The law of demand and supply would usually hold that an increase in prices will result in a decrease in demand. Furthermore, an increase in demand generates a corresponding increasing in supply as well.

When the demand of a product is sensitive to the changes in price, then we say that price of the product is elastic but if the product demand not strongly influenced by price then we say that the pricing is inelastic.

In the case of the lettuce, we can say that the price is elastic, because there is a sensitive reaction between an increase in price from $1 to $2 which immediately leads to a halfing of the quantity demanded. The price is elastic such that an increase in price leads to a decrease in quantity demanded.

8 0

3 years ago

Like many firms in the electronics industry, Godin Manufacturing experiences ups and downs in the demand for its high-tech produ

Crazy boy [7]

Answer:

The answer is B) "lower the prices that customers pay."

Explanation:

Actually, to increase capacity during high demands, the company do not need to lower the prices that customers pay but rather in crease the prices. According to law of demand and supply, the higher the demand, the more the price. Also, the company may also open another new branch for more production, approve overtime work and wages for employers, create more shifts and even subcontract part of the production to another company to ensure faster process but with same quality.

6 0

3 years ago

Jack is yelling at Samantha because she was late last week. Unfortunately, the whole office can hear. Now Samantha is not only u

lukranit [14]

Answer:

In this case, Jack's "human/interpersonal skills" failed. The skills that Jack is failing to use are important for "managers."

Explanation:

From the statement above, we can assume that Jack's position is superior to that of Samantha. He is, probably, the manager. However, he yelled at Samantha last week because she was late. In this case, Jack failed in his "human skills." This is also known as "interpersonal skills," which is a set of skills related to interacting effectively with other people.

A manager with good interpersonal skills knows how to listen to his subordinates. In fact, he should be an active listener, which means he should be observant upon listening to other people's explanation. He should also provide advice or solve problems without yelling.

Thus, this explain the answers.

6 0

3 years ago

During its first year of operations, Silverman Company paid $12,240 for direct materials and $10,700 for production workers' wag

laila [671]

Answer:

$12,480

Explanation:

Given:

Amount paid for direct material = $12,240

production workers' wages = $10,700

Lease payments and utilities on the production facilities amounted = $9,700

general, selling, and administrative expenses = $3,800

Units produced = 6,800 units

Units sold = 4,200

Unit price of a unit = $7.30

Now,

Per unit Cost of production = $\frac{\textup{Total cost involved}}{\textup{Total number of units produced}}$

or

Per unit Cost of production = $\frac{\textup{12240+10700+9700}}{\textup{6800}}$

or

Per unit cost of production = $4.80

Also,

Units left in the inventory = Total units produced - Units sold

= 6,800 - 4,200

= 2,600

Thus,

Amount of finished goods inventory on the balance sheet at year-end

= units left in the inventory × Per unit cost of production

= 2,600 × $4.80

= $12,480

7 0

3 years ago

Which of the following are assumptions of cost volume profit analysis?

Klio2033 [76]

Answer:

The correct answer are B and D

Explanation:

CVP stands for the Cost Volume Profit analysis, which is defined as the situation where the companies evaluate or determine what will happen financially when the selling price varies or change, the costs change or the production volume changes.

The assumptions of the CVP are:

1. Costs are linear and are designated either variable or fixed.

2. The selling price per unit will be constant and will not decrease/ increase grounded on volume.

3. In the case of the firm or business which sells the multiple products, the sales mix will be constant.

6 0

2 years ago