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Margaret [11]
3 years ago
9

Give an example of a situation in which a surplus of a product led to decreased prices. similarity, give a example of a situatio

n in which a shortage led to increased prices. what eventually happened in each case? why?
Business
1 answer:
andrew11 [14]3 years ago
3 0

Answer:

Give an example of a situation in which a surplus of a product led to decreased prices. similarity, give a example of a situation in which a shortage led to increased prices. what eventually happened in each case? why?

In the course of having surplus of a product which decreases the price, this happens as a result of high competition as there many people selling the same products which in turns leads to crash in price in order to make sales and little profit.

while product shortage or scarcity happens as a result of decrease in resources or decrease in supply, hence; results into scarcity of products which eventually aids increment of price

Explanation:

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What type of good is often provided by the government because it is hard to get people to voluntarily contribute their fair shar
gayaneshka [121]

Answer:

Option (D) is the right answer.

Explanation:

According to the scenario, the most appropriate answer is option (D) because public goods are given by the government and It can be used by everyone at a time and without any cost.

While the other options are incorrect because of the following reasons:

  • Private goods are not given by the government.
  • Club goods can be given by the government but at a cost.
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konstantin123 [22]
The answer to the first one is False. The described process is called Garnishments. A periodic rate is <span>the interest rate you are charged for one payment period. </span>Fees associated with buying and finalizing your loan are known as closing costs
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According to the FASB's conceptual framework, the quality of information that helps users increase the likelihood of correctly f
Kisachek [45]

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C. Predictive value.

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4 0
3 years ago
The function y= -6(x - 5)2 + 12 shows the daily profit (in hundreds of
tino4ka555 [31]

Answer:

D. Interpretation: The zeros are where the daily profit is $0.00

zeros: x = 3.586 and x = 6.414

Explanation:

We have been given the following daily profit function;

y=-6(x-5)^{2}+12

where y is the profit (in hundreds of  dollars) of a taco food truck

and x the price of a taco (in dollars)

The zeros of this profit function can be obtained by solving for x in the following equation;

0=-6(x-5)^{2}+12

These will simply be the x-intercepts of the profit function. That is the points where the profit function crosses or intersects the x-axis.

Therefore, an interpretation of the zeros of this function would be;

The zeros are where the daily profit is $0.00

These zeros can be evaluated graphically. We first obtain the graph of the profit function as shown in the attachment below;

We then determine the x values where the graph crosses the x-axis. These values will represent the zeros of our profit function. From the graph, these points are;

x = 3.586 and x = 6.414

8 0
3 years ago
Read 2 more answers
) If product Light is processed further and sold, what would be the financial advantage (disadvantage) for Bodbbm177 Corporation
m_a_m_a [10]

Answer: Disadvantage of -$5,800

Explanation:

Incremental sales revenue if processed further and sold = (12 - 10) * 2,200

= $4,400

Additional cost = $10,200

Financial Advantage(Disadvantage) = Incremental revenue - Additional cost

= 4,400 - 10,200

= -$5,800

3 0
3 years ago
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