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3 years ago

What are two different ways in which we usually express information about the demand for a good service or resource?

1 answer:

4 0

The two different ways in which we usually express information about the demand for a good service or resource are the demand schedule is equal to the demand curve.

Explanation:

Demand refers to a consumer's appetite and willingness to buy products and services and to pay the price for a particular good or service. Keeping all the other variables steady will decrease the amount required by increasing the price of a good or service and vice versa.

Usage means the potential of consumers to buy goods and services at certain prices.

It can be either market demand for a particular commodity or aggregate demand for all products in such an economy.

Demand decides, in conjunction with supply, the actual cost and the quantity of goods which increase in value on the market.

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Today is your birthday, and you decide to start saving for your college education. You will begin college on your 18th birthday

Oksana_A [137]

Answer: 10 years, 175 days

Explanation:

Given the following ;

Payment per period(PMT) = $4000

PERIOD(n) = 4 years

Interest(r) = 12% = 0.12 per annum

Firstly,

Calculating the present value(PV) of the payment per period at 12% rate for 4 years

PV = [PMT(1 - (1 + r) ^-n)] ÷ r

PV = [4000 (1 - (1 + 0.12)^-4)] ÷ 0.12

PV = [4000 ( 1 - (1.12)^-4)] ÷ 0.12

PV = [4000 ( 1 - 0.635518078)] ÷ 0.12

PV = $12,149 (to the nearest whole number)

Now we calculate the period ;

if a deposit of $2542 is made

PV = [P(1 - (1 + r) ^-n)] ÷ r

12149 = [2542(1 - (1.12)^-n)]÷ 0.12

1457.88 = 2542.05(1 - (1.12)^-n)

2542 - 2542(-1.12^-n) = 12149 ×1.12

Log0.42648 = - n * log1.12

n = 7.52 years

There for payment will be made for 7.52 years

Present age = 18 - 7.52 = 10.48

10.48years.

10years, 175 days

8 0

3 years ago

Assume that Corn Co. sold 7,600 units of Product A and 2,400 units of Product B during the past year. The unit contribution marg

Afina-wow [57]

,Answer: a. 9,450 units

Explanation:

You need to find the weighted average contribution margin for both products.

Product A

Weighted average contribution margin = Contribution margin * Units sold / Total units sold

= 34 * 7,600 / (7,600 + 2,400)

= $25.84

Product B

= 59 * 2,400 / 10,000

= $14.16

Breakeven point in units = Fixed costs/ (Weighted average contribution margin of both A and B)

= 378,000 / (25.84 + 14.16)

= 9,450 units

5 0

3 years ago

You work for a food-processing plant that manufactures corn tortillas. You have been asked to review the activities of upstream

lara31 [8.8K]

Answer:

A) Contacting the farming cooperative to negotiate the price of corn for your upcoming contract.

Explanation:

You need to cut upstream costs, which means costs related to the supply of materials, parts and components, and the processing of the final goods.

Upstream costs include the price of raw materials and in this case, the raw materials are bought from a farming cooperative. By negotiating a lower price for corn with them, you can actually reduce your upstream costs.

5 0

4 years ago

Over the past several years, the beverage industry has been rapidly changing. New drinks are constantly being invented, and more

zloy xaker [14]

Answer:

Flexible

Explanation:

Flexible organisational structure is one that is informal and lacks management layers (flat structure).

This helps an organisation make decisions faster without waiting for approval at various levels of heirachy or departments within the organisation.

In the given scenario new drinks are constantly being invented, and more and more companies are looking to market healthy drinks, with less sugar and fewer artificial sweeteners.

Quick decisions on product change are needed and this is provided for by the flexible organisation structure.

3 0

3 years ago

In 1 or 2 sentences, identify a change (either increase or decrease) in supply or demand that would cause the equilibrium price

Vera_Pavlovna [14]

Changes in the supply or demand also changes the equilibrium price that is present. Increasing the demand would lead to an increase in equilibrium price. However, increasing the supply would lead to a decrease in price. So, to increase the price supply should be less.

6 0

3 years ago

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