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Simora [160]
3 years ago
12

Three identical homes in a neighborhood were listed at the same time in a market where demand was constant. According to the law

of supply and demand, which would have sold for the lowest price?
Business
1 answer:
irga5000 [103]3 years ago
6 0

Answer:

So then as we can see if the demand is constant the first sold would be the correct answer for this case. Because assuming the demand constant and we have more than 1 supplier with the same price the first one would sold the good or service on this case the house.

Explanation:

The law of demand and supply "is an inverse relationship between the supply and prices of goods and services when demand is unchanged. If there is an increase in supply for goods and services while demand remains the same, prices tend to fall to a lower equilibrium price and a higher equilibrium quantity of goods and services".

So then as we can see if the demand is constant the first sold would be the correct answer for this case. Because assuming the demand constant and we have more than 1 supplier with the same price the first one would sold the good or service on this case the house.

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The Perez Lumber Company sells boards in a perfectly competitive market. The current marginal cost of boards at the current outp
mafiozo [28]

Answer:

c. decrease monthly output to 200 board feet.

Explanation:

If the firm wants to maximize profit it should decrease monthly output to 200 board feet demand by doing so , vital rate  will ultimately increase the cost of the product and shift them to the profit. The correct answer is C.

7 0
3 years ago
Younes Inc. manufactures industrial components. One of its products, which is used in the construction of industrial air conditi
sashaice [31]

Answer:

Contribution margin= $169

Explanation:

<u>First, we need to calculate the total unitary variable cost:</u>

total unitary variable cost= direct material + direct labor + variable overhead + variable selling expense

total unitary variable cost= 38 + 1 + 8 + 4

total unitary variable cost= $51

<u>Now, the contribution margin:</u>

Contribution margin= 220 - 51

Contribution margin= $169

8 0
3 years ago
If 135 TV's are sold and cost $275 to produce and is priced at $250, what is the profit/loss?
AleksandrR [38]

Answer:

$25

Explanation:

The production cost is $275.

The selling price is $250

The loss/profit will be: Selling price minus cost price

=$250 - $275

=  -$25

A loss of $25.

If this is the cost for all the 135 TVs, then the loss is only $25.

N:B

If the costs are for one TV, then the loss will be $25 x 135=$3,375

6 0
3 years ago
EFT Inc. wants to empower and engage its employees. It has several teams consisting of highly skilled employees, and no one pers
Ivan

Answer:

EFT, Inc. uses <u>shared</u> leadership in its organization.

(B). employees learn to influence others through their enthusiasm, logical analysis, and involvement of others in their vision.

Explanation:

Shared leadership style in an organization is one where leadership is not the responsibility of just one person, but rather, is distributed among employees in the organization.

It is <u>best used in situations where the employees are highly skilled, technical, influential, enthusiastic about their work and also open to learning from others.</u>

5 0
3 years ago
Capital plays vital role for running a business .justify ​
posledela

Answer:

yes it does

Explanation:

It's because without capital you can't even start the business, because you wouldn't have the machines or computers and stuff that is needed for your business. So it' used to pay ongoing production of goods and services to make profit form your business

6 0
2 years ago
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