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Dovator [93]
2 years ago
9

Which of the following is consistent with the law of​ supply? A. The state of Washington has less apple regulation than Californ

ia​, and apple production is lower in California. B. More passengers chose to travel by airplane after deregulation of airlines. C. An increase in the market price of oranges causes an increase in the production of oranges. D. A doubling of the price of​ salt, led to a 5 percent drop in the quantity of salt consumed.
Business
1 answer:
GuDViN [60]2 years ago
4 0

Answer:

D) A doubling of the price of salt led to 5 percent drop in the quantity of salt purchased.

Explanation:

Law of supply in economics says that when the price increases the supply too increases if other factors is is constant.

Therefore, among the given options the only option that is consistent with the law of​ supply is "A doubling of the price of salt led to a 5 percent drop in the quantity of salt purchased"

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Opera Corp. uses dollar-value LIFO method of computing its inventory cost. Data for the past three years is as follows:
Mandarinka [93]

Answer:

(A) $390,000

Explanation:

Under LIFO method as the name suggests "Last In First Out"

the goods purchased in Last that is latest are sold first, that is goods purchased in 2015 will be sold first, therefore in the given case at the end of 2014 using LIFO we have,

Balance = $390,000

Because balance of goods purchased in 2014 i.e. $756,000 is sold first in 2014 remaining inventory at year end will be of 2013

Correct option is

(A) $390,000

4 0
3 years ago
If the money supply increases 12 percent, velocity decreases 4 percent, and the price level increases 5 percent, then the change
dimaraw [331]

Answer: Option (A) is correct.

Explanation:

Given that,

Money supply increases (M) = 12 percent

Velocity decreases (V) = 4 percent

Price level increases (P) = 5 percent

Real GDP (Y) = ?

According to the quantity theory of money,

Percent Change in M + Percent Change in V = Percent Change in P + Percent Change in Y

                                                         12% - 4% = 5% + Percent Change in Y

                                    Percent Change in Y = 8% - 5%

                                                                         = 3%

Therefore, change in real GDP must be 3%.

6 0
2 years ago
Walter is the manager of sales operations at Woode Industries. He has to define the sales goals for the forthcoming financial ye
Sloan [31]

Answer:

goals must be challenging, requiring hard work

Explanation:

Based on the information provided within the question it can be said that in this scenario the best guideline would be that the goals must be challenging, requiring hard work. Making the goals challenging would ensure that no one individual can do it by themselves, thus encouraging teamwork among the group, thus framing effective team goals.

6 0
3 years ago
A management consulting team needs a team of four to analyze the operations of a new client. The team should comprise an account
exis [7]

Answer:

720

Explanation:

Given:

The management consulting team should comprise an accountant, a production specialist, a finance specialist, and a management specialist. On its staff, the consulting firm has available six accountants, five production specialists, three finance specialists, and eight management specialists

To find:

Number of different teams that could be formed from the available individuals

Solution:

Use combination to find number of ways to select y objects from x objects when the order in the selection process doesn't matter.

Number of ways to select an accountant, a production specialist, a finance specialist, and a management specialist from six accountants, five production specialists, three finance specialists, and eight management specialists =6_C_1 5_C_1 3_C_1 8_C_1\\=6(5)(3)(8)\\=720

4 0
2 years ago
Assume that the company that John and Tina work for wants to give the $50 million to the political campaigns. Which of the follo
sdas [7]

Answer:

The correct answer is (d)

Explanation:

The first amendment has given political parties the right to speak and do political campaigns, and it had restricted government to stop them. Overall, the first amendment right is protecting political speeches and political campaigns. So, yes the first amendment right has demoted all the limits which restricted political parties to get funds from corporations.

4 0
2 years ago
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