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Masteriza [31]
3 years ago
14

A recent news story reported that the Organization of Petroleum Exporting Countries is expected to decrease the supply of oil ne

xt summer. Summer is traditionally a time of increased demand for oil because of vacation travel. What would be the combined effect of these two events on the summer market for gasoline? a. an increase in the price and the quantity.b. an increase in the price and an un-predictable change in the quantity.c. an un-predictable change in both the price and the quantity.d. an un-predictable change in the price and a decrease in the quantity.
Business
1 answer:
Nikolay [14]3 years ago
8 0

Answer:

The answer is: b

Explanation:

At equilibrium the quantity of oil supplied is equal to the quantity of oil demanded at the equilibrium price. In summer, two events will occur which will trigger a move from equilibrium.

  • A decrease in the supply of oil

Holding all else constant, a leftward shift in the supply curve leads to higher oil prices and lower quantities of oil.

  • An increase in the demand for oil

Holding all else constant, a rightward shift in the demand curve leads to higher oil prices and higher quantities of oil.

In both scenarios, the shifts will result in higher oil prices but the change in quantity is ambiguous.

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​If your long-run costs exhibit increasing returns to scale,securing big orders leads you to:__________
kolbaska11 [484]

Answer:

Option B, Reduce average costs, is the right answer.

Explanation:

Option B is correct because if there is an increasing return to scale that means the firm is using additional inputs and the use of these inputs increases the output in greater proportionate than the proportionate increase in inputs. Moreover, the output of the company will increase. Consequently, the total cost will also increase but the average cost of production will fall.

4 0
4 years ago
Atkins Company collected $1,750 as payment for the amount owed by a customer from services provided the prior month on credit. H
AURORKA [14]

Answer: B. One asset would increase $1,750 and a different asset would decrease $1,750, causing no effect

Explanation:

From the information given in the question, the journal entry at the time of sales will be represented as:

Debit Accounts receivable $1,750

Credit Sales $1750

Now, when the credit receipt is received as illustrated in the question, the journal entry will be:

Debit Cash $1,750

Credit Accounts receivable $1,750

Therefore, one asset would increase $1,750 and a different asset would decrease $1,750, causing no effect.

The correct option is B.

7 0
3 years ago
What type of medisoft report analyzes the revenue of a practice for a specified period of time?
yulyashka [42]
The answer to this question is a practice analysis report. A practice analysis report is a report that is used to analyze the revenues. Also this reports provides a breakdown of the charges, payments, and any adjustments made in a specified period of time. In practice analysis report it can also compare the procedures done and the procedures that are still on hold or not yet done.
5 0
4 years ago
MARKING BRAINIEST
Luba_88 [7]

Answer:

Sales

Explanation:

S stands for sales. The moving averages formula uses sales figures from the previous periods to forecasts future sales.  For example,

say, sales for 2015 were 100; 2016 were 120; 2017 were 110; and 2018,..130. Using the formula, the forecast for 2019 will be

Forecast 2019 = Sales 2015 + Sales 2016+ Sales 2017+ sales 2019 / 4

Forecast 2019 = 100 + 120 +110 + 130 / 4

Forecast 2019=115

8 0
3 years ago
Read 2 more answers
Identify ten (10) companies whose stock influences current events on a national level (U.S.).
skelet666 [1.2K]

I can't give my answer it is telling me that my words are rude. see comments for answer

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3 years ago
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