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3 years ago

What would cause an increase in the equilibrium price of a good?

Business

1 answer:

crimeas [40]3 years ago

5 0

Answer:

Demand and supply

Explanation:

Demand and supply are the two factors which effect the equilibrium of price. If demand increases and the supplies remains constant the price will increase. On the other hand when demand decrease and the supplies remains constant the price will fall. So these two factors effect the Equilibrium price of a good.

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The owner of Marshall Restaurant is disappointed because the restaurant has been averaging 7,500 pizza sales per month, but the

Troyanec [42]

Answer:

No of units 6,000 7,500 10,000

Total fixed cost $12,000.00 $12,000.00 $12,000.00

Total variable cost $9,000.00 $11,250.00 $15,000.00

Total cost $21,000.00 $23,250.00 $27,000.00

Fixed cost per pizza $2.00 $1.60 $1.20

Variable cost per pizza $1.50 $1.50 $1.50

Average cost per pizza $3.50 $3.10 $2.70

3 0

3 years ago

Green Cabinets is a custom cabinet builder. They recently completed a set of kitchen cabinets (Job Number 1478), as summarized b

Alinara [238K]

Answer:

a. $612

b. $2,480

Explanation:

a. Overhead is applied at a rate of $12 per direct labor hour.

Overhead applied would therefore be;

= 12 * total labor hours

= 12 * 51

= $612

b. Total Cost = Direct labor cost + Direct Material cost + Manufacturing overhead

= 978 + 890 + 612

= $2,480

5 0

3 years ago

Bluestone Company had three intangible assets at the end of the current year:

adoni [48]

Answer and Explanation:

The computation is shown below:

1) Calculation of the acquisition cost is

Patent = $4,000

Trademark = $210,000 + $8,500 = $218,500

Licensing Rights = $80,000

2) Computation the amortization expense is

Patent = $4,000 ÷ 10 = $400

Trademark = $218,500 ÷ 10 = $21,850

Here we assume the indefinite life of 10 years

Licensing Rights = $80,000 ÷ 5 = $16,000

Income statement:

Amortization expense $38,250 ($400 + $21,850 + $16,000)

Balance sheet at year end december:

Fixed assets

Intangibles

Patent $3600 ($4,000 - $400)

Trademark $196,650 ($218,500 - $21,850)

Licensing Rights $64,000 ($80,000 - $64,000)

8 0

3 years ago

Under which conditions, according to the Porter five-forces model, can a supplier group gain power?

Tasya [4]

Answer:

b. When there is a lack of importance of the buyer to the supplier group

Explanation:

According to Porter there are five forces that can cause rivalry in a production industry. These are supplier power, threat of new entrants, buyer power, threat of substitutes, and degree of rivalry.

Supplier power is when suppliers are able to benefit from the producers by increasing prices of inputs and gaining some industry profit. Since suppliers supply input and labour to the producer they have a greater control of there is lack of importance of the buyer to the supplier group.

This means that the supplier group has more control on price and quality it supplies to the buyer with buyer having little choice but to buy.

If however buyer is more important to the supplier it means they can control price and quality of inputs

8 0

3 years ago

A home electrical system is joined to the electric company's system at the junction of the

Alenkinab [10]

This is a breeze it is wires

5 0

3 years ago