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KiRa [710]
2 years ago
8

Select all the items that describe the role of a producer. a) You want to charge a price that earns profits. b) You want to char

ge a price that does not cover fixed costs. c) You want to charge a price that covers variable costs. d) You want to have a large market share.
Business
1 answer:
allsm [11]2 years ago
3 0

Answer: All except option B

Explanation: In simple words, producer refers to an individual who collects All the factors such as labor, capital and land to produce and supply a  commodity with the ultimate objective of having any monetary gain.

Thus, a producer will charge a price that will cover all of his or her costs and would increase its sales and market share for increase in profits.

Thus, the correct option is B .

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At high price levels, demand tends to be ________ and the price effect is ________, relative to the output effect.
rosijanka [135]
At high price levels, demand tends to be elastic and the price effect is small relative to the output effect.
3 0
2 years ago
London corp. issued 1,000 shares of stock for $20 per share. what are the effects of this transaction?
Anarel [89]

Based on the fact that London Corp, issued 1,000 shares at $20 per share, the effects of this transaction are:

  • Increase in cash
  • Increase in common stock

<h3>What happens when stock is issued?</h3>

When stock is issued newly, the stock will be sold for cash which in this case is;

= 1,000 x 20

= $20,000

This means that cash in the company has increased.

Something else that will increase is the common stock. This is the account where the value of the issued stock will go to.

Find out more on stock issuance at brainly.com/question/25562729

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8 0
1 year ago
What happens if an economy operates at a short-run equilibrium output that exceeds its long-run capacity,
g100num [7]

Answer:

There would be an increase in the price of resources for production

Explanation:

When an economy decides to operate at a short-run equilibrium output the cost of obtaining resources for production of goods and services would increase. and this increase in price of resource will cause the short run aggregate supply curve ( SRAS )to shift to the left.

The short run aggregate supply is the total goods and service produced in an economy at different prices while some of the resources used for the production of the goods and services are fixed

8 0
2 years ago
Read 2 more answers
A company took delivery of $50,000 of new inventory and agreed to pay cash to the supplier within 30 days. Which of the followin
Delvig [45]

Answer:

- Inventory

- Current Liabilities

Explanation:

The journal to record the given transaction is shown below:

Inventory A/c Dr $50,000

         To Accounts payable $50,000

(Being the purchase of inventory is recorded)

Since the inventory is a purchase which increases the inventory so the respective account is debited and the account payable is credited as its increases in current liabilities

So, no impact on total stockholders

6 0
3 years ago
The following are two independent situations.
ipn [44]
Please answer please please thank you so please answer answer
4 0
3 years ago
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