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katrin [286]
3 years ago
9

Explain the effect that price has on goods and services are produced

Business
1 answer:
Zinaida [17]3 years ago
4 0

Positive coorelation.

A price goes up, more companies will produce goods and services because they want to take advantage of the higher price.

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Which business partnership began by selling watches by mail? ben and jerry?
HACTEHA [7]
<span>The business partnership which began by selling watches by mail is the Ben & Jerry's.  The Ben & Jerry's Homemade Holdings Inc., or in short is known as the Ben & Jerry's is a long history of business partnership. Ben Cohen and also Jerry Greenfield are the people behind this business.</span>
7 0
3 years ago
A. If a wage of $10.25 were to be imposed on this market, such that the market was not longer strictly competitive, what would b
enot [183]

Solution :

Given the wage = $ 10.25 that is to be imposed to the market.

Given equation :

L_D = 500 – 45W and L_S = -200 + 25W

If the wage of $10.25 is to be imposed to the market, the value of the labor supply can be found by putting the value of the wage in the labor supply equation.

At W = 10.25

Putting this value in the above equation, the labor supply would be

L_S = -200 + 25W

L_S = -200 + 25(10.25)

     = 56.25

When W = 10.25, the value for the labor demand can be found by :

L_D = 500 – 45W

L_D = 500 – 45(10.25)

L_D = 500 – 461.25

L_D = 38.75

Therefore, the labor demand and the labor supply model is

L_D = 400 - 45 x 10.25

L_S = -200 + 25 x 10.25

6 0
2 years ago
Different investments have different levels of ___________ (savings, risk, or interest) and offer different rates of return. For
fiasKO [112]
I the second one is more risky I'm not really that good at business
5 0
2 years ago
Read 2 more answers
Astro Co. sold 20,500 units of its only product and incurred a $67,750 loss (ignoring taxes) for the current year as shown here.
maksim [4K]

Answer:

Break even point in dollar sales = $1,050,000

Explanation:

Break Even Point in dollar sales = Fixed Cost/ Contribution margin percentage

Contribution margin percentage = (Contribution margin/ Sales) X 100

Here we have for the year 2017

Contribution margin = $194,750

Sales = $779,000

Contribution margin percentage = ($194,750/$779,000) X 100 = 25%

Break even point in dollar sales = Fixed Cost $262,500/25%

= $1,050,000

3 0
2 years ago
What is the rate at which one currency is converted to another currency called?
n200080 [17]
My answer would be C ''Foreign Exchange Rate''.
4 0
3 years ago
Read 2 more answers
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