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3 years ago

How would you expect an increase in the price of a good to affect its demand curve?

Business

1 answer:

ValentinkaMS [17]3 years ago

4 0

Answer: It will cause the demand curve to move inwards to the left

Explanation:

An increase in the price of a good will cause a decrease in the quantity demanded. This is in line with the law of demand that states that the higher the price the lower the quantity of goods that will be demanded.

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The town of Harmonia gives away all 500 tickets to its annual Founder's Day Free ConcertminusinminustheminusPark to local resid

Novosadov [1.4K]

sold 500 tickets therefore it is not economically efficient

4 0

3 years ago

A house in the neighborhood has been well maintained. The seller has made sure that all the electrical systems are working to co

Greeley [361]

Answer:

utility power

Explanation:

In simple words, the location of the house has been said to be in a prominent region, it gives the house a competitive advantage over other units, also the house has been maintained and restructured bu the seller so that it looks more good and healthy.

The subject unit has been restructured in a way that it satisfied all the needs of the buyer, thus, it brings a lot of utility power to the market in respect of its value.

6 0

3 years ago

In the month of June, a department had 20,000 units in beginning work in process that were 70% complete. During June, 90,000 uni

fgiga [73]

Answer:

100,000 units

Explanation:

The computation of the transferred out units of the process is shown below:

= Transferred units × percentage of completion + ending work in process inventory units × percentage of completion

= 90,000 units × 100% + 10,000 units × 100%

= 90,000 units + 10,000 units

= 100,000 units

All other information which is given is not considered. Hence, ignored it

3 0

3 years ago

Catherine B. is working with her production supervisor to compute a predetermined overhead ryte for the coming year. Catherine a

Basile [38]

Answer:

Predetermined manufacturing overhead rate= $126 per machine-hour

Explanation:

Giving the following information:

Estimated machine-hours= 2,000

Depreciation on factory equipment $100,000

Indirect labor payroll 14,000

Wages of factory Janitors 70,000

Utilities for factory 34,000

Rent on factory building 24,000

Factory insurance 10,000

Total estimated overhead= $252,000

<u>To calculate the predetermined overhead rate, we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= 252,000/2,000

Predetermined manufacturing overhead rate= $126 per machine-hour

5 0

2 years ago

We observe both the price and quantity sold of ketchup falls over time. assuming all else stayed the same, this is due to:

kolezko [41]

The reason behind the falling of price and quantity of ketchup sold is that the cost of mustard seeds decreases as mustard is a substitute of ketchup and for the input mustard seeds are produced. So, if the price of mustard seed decreases, the price of ketchup also decreases.

4 0

3 years ago