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tia_tia [17]
2 years ago
8

An expected increase in the market price of oil in the coming year is likely to: shift the supply curve of oil to the left in th

e current year. shift the supply curve of oil to the right in the current year. shift the demand curve for oil to the left in the current year. cause no changes in the demand and supply curves of oil in the current year.
Business
1 answer:
diamong [38]2 years ago
4 0

Answer:

cause no changes in the demand and supply curves of oil in the current year.

Explanation:

Changes in price don't generate shifts in the supply and demand curves in the short term. It generates a movement along the curves as non price changes are the ones that generate a shift in these curves. If the price of the oil increases, the demand quantity falls which will cause a movement along the demand curve. Also, this situation will increase the supply quantity which also generates a movement along the supply curve.

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Answer:Hi

Explanation:Hi

3 0
3 years ago
Butterfly Corp. manufactures products M1 and M2 from a joint process, which also yields a by-product, B1. Butterfly accounts for
NikAS [45]

The joint cost allocated to product M1 using the net realizable value is $198,095.

<h3>What is the joint cost?</h3>

Joint costs refer to the common production costs (direct materials, direct labor, and overheads) incurred to produce two or more products during the same process.

Based on this, the different products have a common costs that should be allocated based on some criteria.

<h3>Data and Calculations:</h3>

                                                M1              M2              B1           Total

Units produced                  25,400       13,700       10,000       49,100

Allocated joint costs                ?                 ?                ?      $ 375,000

Sales value at split-off $ 402,000  $ 268,000  $ 91,000 $ 761,000

Joint cost of M1 using the net realizable value = $198,095 ($402,000/$761,000 x $375,000)

Thus, the joint cost allocated to product M1 using the net realizable value is $198,095.

Learn more about joint costs at brainly.com/question/25408525

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3 0
2 years ago
When developing career goals, it is important to have the mindset that dramatic changes can and often do occur in the job market
Katarina [22]

Answer:

A. home health aides; computer programmers

Explanation:

When developing career goals, it is important to have the mindset that dramatic changes can and often do occur in the job market. In considering the data in your text, it can be seen that the profession of _____ experienced a dramatic increase over the past decade, while careers as ______ have experienced a substantial decrease during the same time frame.

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B. flight attendants; machinists

C. telemarketers; public relations specialists

D. financial managers; child care workers

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2 years ago
What effect might use of outdated or incorrect information have on a business?
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Answer:

it could misslead or make there buisness fail

Explanation:

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3 years ago
Phil agrees to work for vacation resorts, inc., as a chef. in determining whether a contract has been formed, an element of prim
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