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marin [14]
3 years ago
8

You run a small classroom market experiment with only three buyers and three sellers. The willingness to pay​ (reservation value

) for buyer A is​ $7 for each​ unit; for buyer​ B, it is​ $5 for each​ unit; and for buyer​ C, it is​ $3 for each unit. The willingness to accept​ (reservation value) for seller X is​ $2 for each​ unit; for seller​ Y, it is​ $4 for each​ unit; and for seller​ Z, it is​ $6 for each unit. ​1.) Using the multipoint curve drawing tool​, draw the demand curve for this market. Label the curve appropriately. ​2.) Using the multipoint curve drawing tool​, draw the supply curve for this market. Label the curve appropriately. ​(Hit the​ "Esc" key after you have plotted your last point to exit the drawing​ tool) Carefully follow the instructions​ above, and only draw the required objects.

Business
1 answer:
BabaBlast [244]3 years ago
7 0

Answer:

Please see attachment .

Explanation:

Please see attachment .Please note that the sketch for supply and demand curves  are staircase shaped.

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Your company wants to develop intelligent techniques to create a "smart" oven that can perfectly cook basic foodstuffs, such as
Semmy [17]

Answer:

D) fuzzy logic

Explanation:

Based on the information provided within the question it can be said that the category of intelligent technique that is being described is called fuzzy logic. This refers to a system which deals with true or false statements as well as in between statements in order to follow specific instructions. Which would be the case in this scenario as the oven analyzes the food in order to detect the rarity of the food and decide which pre-defined instruction to follow next, even if the rarity is between two categories such as medium rare and rare.

8 0
3 years ago
At the beginning of October, Cozier Corporation had $34,000 of raw materials on hand. During the month, the company purchased an
Hitman42 [59]

Answer:

$92,000

Explanation:

As we know that the raw material inventory debited by the starting balance amount, purchase amount but it would be credited by the material used or transferred amount to the WIP inventory

As we can see that the $92,000 is requisitioned i.e. transferred to the WIP inventory so the same is to be reflected in the credit amount

Hence, the credit to the raw material account is made for $92,000

We assume that requisitioned word is used instead of removal

6 0
3 years ago
Because the Rubber Division sustained a loss, Vanikoro is considering the elimination of this division. All of the division's tr
Anna11 [10]

Answer:

Decrease in Net operating income ($30,000)

Explanation:

The computation of the change in net operating income is shown below:

Particulars                        Rubber Division

Lost of Contribution margin  ($100,000)

Savings from avoidable fixed costs :  

Traceable fixed costs $70,000

Decrease in Net operating income ($30,000)

We simply deduct the traceable fixed cost from the loss of contribution margin so that the change in net operating income could come

7 0
3 years ago
A company has sales of $752,800 and cost of goods sold of $301,800. its gross profit equals:
Elena-2011 [213]
Revenue = $752,800
Cost of goods sold = $301,800

To solve for the gross profit:
Gross profit = revenue - cost of goods sold
Gross profit = $752,800 - $301,800
Gross profit = $451,000

The gross profit shows the profits a company has after taking their costs to make the product and subtract them from the sales they had. 
7 0
3 years ago
Joji is a 37-year-old married business owner. He runs a dry cleaning service with three locations in Toledo, Ohio. His personal
Tems11 [23]

Answer:

a

Explanation:

6 0
3 years ago
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