All categories

3 years ago

The price (P) of designer jeans is affected by the supply (S) and the demand (D).

Business

2 answers:

zhenek [66]3 years ago

8 0

Answer:

The correct answer is the option 1: increased demand and no change in supply.

Explanation:

In the situation where the demand increases and there is no change in the supply, that involves no changes in the technolgy field that helps the production process to help the competition, would have repercurssions in the price of the product. In that situation, where there is not competition, the supply does no change therefore the impact of the increse of the demand would have repercussions in the price of the product.

monitta3 years ago

5 0

The price of designer jeans would likely increase if its demand increases and there is no changes in supply.

You might be interested in

g Question 3 At Springfield, the engraving department is a bottleneck, and the company is considering hiring an extra worker, wh

erastovalidia [21]

Answer:

The net income will increase by $15,340 due to hiring of extra worker.

Explanation:

Salary of extra worker = $55,577

Extra production = 7,700 units

Selling price per unit = $13

Direct material per unit = $2.56

Direct labor per unit = $1.00

Variable overhead per unit = $0.23

Fixed overhead = $3.90. Due to extra production, fixed overhead will not increase.

Particulars Amount

Sales revenue (7,700 * 13) $100,100

Expenses:

Direct material (7,700 * $2.56) -$19,712

Direct labor (7,700 * $1.00) -$7,700

Variable overhead (7,700* 0.23) -$1,771

Salary of extra worker -$55,577

Net income $15,340

Thus, due to hiring of extra worker net income income will increase by $15,340

6 0

3 years ago

Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a large

lidiya [134]

Answer:

The optimum production quantity is 72 wheel bearings per batch.

Explanation:

Wheel Rite can produce 480 wheel bearings per day.

Setup cost are $39 per batch.

Holding costs are $0.70 per unit per year.

The optimum batch size can be calculated as the one that minimizes the cost. This can be calculated with the Economic Order Quantity formula:

$Q=\sqrt{\frac{2DS}{H} }$

In this case, the units are:

D: daily demand (52 u.)

S: Setup cost per order ($39)

H: holding cost per unit per year ($0.70)

Then, we have:

$Q=\sqrt{\frac{2DS}{H} }=\sqrt{\frac{2*52*39}{0.7} }=\sqrt{5,794}=76.12\approx 72$

The optimum production quantity is 72 per batch.

5 0

3 years ago

The economy, as a system, represents the

telo118 [61]

The economy, as a system, represents the flow of the resources from the production through consumption. In fact, economy is the line of production and distribution and as well as the consumption of the goods and services in any given areas around the globe.

4 0

3 years ago

You should indicate that you are available for an interview in which part of a cover letter?

nlexa [21]

Answer: NOT the second paragraph

Explanation: ed 2021

7 0

3 years ago

Read 2 more answers

Yvette is considering taking out a loan with a principal of $16,200 from one of two banks. Bank F charges an interest rate of 5.

zhannawk [14.2K]

Yvette should choose Bank F’s loan if she wants more about lower monthly payments, and she should choose Bank G’s loan if she wants more about the lowest lifetime cost.

These are the calculations for each bank.

BANK F:
Annual Payments=$210.53
Total Interest=$4,011.13

BANK G:
Annual Payments=$238.21
Total Interest=$3,810.05

7 0

3 years ago

Read 2 more answers