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3 years ago

Why is "equilibrium" also sometimes called "market clearing price"? Group of answer choices

Business

1 answer:

masya89 [10]3 years ago

5 0

Answer: B.At equilibrium, quantity supplied and quantity demanded are equal ensuring that at that price consumers will not want more and producers will not supply more.

Explanation:

The point where the market demand and marker supply curves intersect is known as the equilibrium point. The price at which equilibrium occurs is the market clearing price.

It is called the market clearing price because at that price both producers and customers are in equilibrium. Above the equilibrium price, there's is excess supply and below the equilibrium price, there's excess demand.

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Luthan Company uses a plantwide predetermined overhead rate of $23.20 per direct labor-hour. This predetermined rate was based o

Phantasy [73]

Answer:

Manufacturing overhead cost applied= $280,720

Explanation:

Giving the following information:

Plantwide predetermined overhead rate of $23.20 per direct labor-hour.

Estimated $278,400 of total manufacturing overhead cost.

Estimated activity level of 12,000 direct labor-hours.

The company incurred actual total manufacturing overhead costs of $269,000 and 12,100 total direct labor-hours during the period.

Manufacturing overhead cost applied= actual direct labor hours* predetermined overhead rate

Manufacturing overhead cost applied= 12100* 23.20= $280,720

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3 years ago

Costs associated with two alternatives, code-named Q and R, being considered by Albiston Corporation are listed below: Alternati

Neko [114]

Answer:

Albiston Corporation

Relevant and Irrelevant Costs:

Relevant Costs:

Alternative Q Alternative R

Power costs $36,600 $35,600

Inspection costs $32,000 $35,600

Irrelevant Costs:

Alternative Q Alternative R

Supplies costs $79,000 $79,000

Assembly costs $48,000 $48,000

Explanation:

a) Data and Comparisons:

Alternative Q Alternative R

Supplies costs $79,000 $79,000

Power costs $36,600 $35,600

Inspection costs $32,000 $35,600

Assembly costs $48,000 $48,000

b) Relevant costs make a difference in the choice between alternative Q or R. The costs that are the same in amount are not relevant. Supplies costs and Assembly costs are two irrelevant costs, while Power costs and Inspection costs are relevant because they are not the same under the two alternatives. They make a difference in the choice of each alternative.

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3 years ago

Economics-- multiple choice!

artcher [175]

Answer:

combat unemployment?

Explanation:

That seems the likeliest answer compared to the others since national parks provide jobs.

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3 years ago

When the price of a good (e.g., oranges) or service (e.g., hair cut) changes,

Umnica [9.8K]

Answer:

d. there is a movement along the demand curve of that good or service.

Explanation:

A change in price of a good or service leads to a movement along the demand curve either up or down. If price increase, quantity demanded falls and there's a movement up the demand curve. If prices fall, quantity demanded rises and there's a movement down the demand curve.

I hope my answer helps you

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4 years ago

A customer owns shares of restricted stock and now intends to sell them. if the proper forms are filed with the sec, the custome

lapo4ka [179]

A customer owns shares of restricted stock and now intends to sell them. if the proper forms are filed with the sec, the customer may sell these shares Over a 90-day period.

The stock exchange is a marketplace where securities, commodities, derivatives, and other financial instruments are traded. The central function of an exchange is to ensure fair and orderly trading and the efficient dissemination of price information regarding securities trading on that exchange.

The exchange enables businesses to raise capital and investors to make informed decisions based on real-time pricing information. An exchange can be a physical location or an electronic trading platform. Bitcoin He is like one stock and advisers do not recommend investing the majority of his portfolio in one company. Planners suggest that if you're passionate about Bitcoin, don't invest more than 1% to 10% in it at most.

Learn more about stock here

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2 years ago