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3 years ago

True or False: An increase in the demand for notebooks raises the quantity of notebooks demanded but not the quantity supplied.

Business

2 answers:

blagie [28]3 years ago

8 0

Answer:

The statement is False

Explanation:

Generally speaking, the statement is false considering the demand and supply curve. In this curve, when there is increase in demand, its implies that the consumers of the notebook still derived satisfaction on it and as such the producer of the notebook produces more and supply to the market will increase so that equilibrium point will be achieved. Until when law of diminishing return set in, and the people are not deriving satisfaction again, that is when the product may not be readily available.

Again if the supply curve is vertical, that is the producer is producing and supplying at fixed rate without putting into consideration the demands in the market, there will not be corresponding increase in supply with demands which can make statement to true.

Natasha2012 [34]3 years ago

4 0

Answer:

False

Explanation:

An increase in the demand for notebooks raises the quantity of notebooks demanded and also the quantity supplied

An increase in demand leads to a corresponding increase in supply

If the supply is not raised which will also increase the quantity of notebooks supplied, there will not be enough notebooks to meet the high demand for notebooks which brought about an increase in the quantity of notebooks demanded

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Ramkissoon Midwifery's cost formula for its wages and salaries is $2,060 per month plus $442 per birth. For the month of July, t

iragen [17]

Answer:

Spending variance will be equal to -729

Explanation:

We have given wages and salary is $2060 per month plus $442 per birth

We have given total number of birth = 117

So standard cost = $2060+117×$442 = $53774

Actual wages and salary for the month is = $54500

We have to find the spending variance

Spending variance is given by

Spending variance = Standard cost - actual cost = $53774 - $54500 = -729

So spending variance will be equal to -729

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3 years ago

Royal Lawncare Company produces and sells two packaged products—Weedban and Greengrow. Revenue and cost information relating to

slega [8]

Answer:

Contribution is sales revenue less variable cost. In multiple products environment, it is important that the producer have information about the performance of each product. This is useful for decision making purpose. See income statement below

Explanation:

An income statement showing contribution would suffice:

Royal Lawrence Company

Income statement

Weedban Greengrow Total

$ $ $

Sales (sp/unit × unit) 315,000 900,000 1,215,000

Variable cost (Vc/unit × units) (98,000) (325,000) (423,000)

Contribution 217,000 575,000 792,000

Specific fixed cost (132,000) (37,000) (169,000)

Product profit 85,000 538,000 623,000

Common Fixed cost (100,000)

Total profit 523,000 

4 0

3 years ago

Read 2 more answers

which of the following items is qualitative?-cost of a new machine-depreciation of existing machine-book value of the existing m

trapecia [35]

Answer: Statement D

Explanation: Qualitative characteristics are those characteristics the values of which cannot be calculated appropriately and the one that cannot be recorded in the books as they do not have any quantitative value.

In the given problem cost of machine at which it is purchased is its value, Depreciation is the value of original cost which has been used and amount at which the machine used can be sold is its value.

Hence among all the options Option D shows qualitative characteristics.

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3 years ago

Akika Corporation started as a small firm and has grown substantially in the past decade. Its interests span from electronics to

lakkis [162]

Answer:

a. Unity of direction

Explanation:

Unity of direction: In this principle, the direction of work is given by the higher authority with a view to achieving the organizational objective.

Division of work: In this principle, the work is divided between many subordinates/ employees, so that the task should be done in proper time and in an efficient & effective manner.

Scalar chain: This scalar chain represents the rank from high authority to low authority in a straight line so that proper communication/ cooperation can be done without any misunderstanding.

Unity of command: In this principle, the employees are responsible for only one person/ one supervisor/ one commander.

In the given scenario, the unity of direction principle applies as the board of directors wants to establish an independent business so that each domain objective can be achieved so that it becomes to accomplish the organizational objective.

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3 years ago

Why do you think it is important to have a diverse number of careers to choose from? How would it affect our global economy if t

dem82 [27]

Because if everyone went and had the same job no one else would know how to do the other jobs causing our entire economy to fail and entire city’s failing too.

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3 years ago