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3 years ago

The downward slope of the demand curve again illustrates the pattern that as _ rises, _____ decreases.

2 answers:

8 0

The demand curve shows a downward slope when graphed on the axes of quantity (X) and price (Y). This indicates that as price for a good drops, the quantity demanded rises. Conversely, the opposite is true - as price rises, quantity demanded decreases. As such, the answer to this question is C.

Lorico [155]3 years ago

3 0

The correct option from the given choices is; "c. price, quantity demanded".

The demand curve refers to graphical representation, which is used to show the relationship amongst cost (price of good) and quantity.Normally, the cost will show up on the left vertical axis, and on horizontal axis the demand of quantity is represented. The relationship between them is inverse relation or we can say that both price and quantity are inversely related to each other.

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Research suggests that up to ___________ of manufacturing firms are using some form of lean in their business.

lisov135 [29]

Up to ninety percent of businesses are using some type of lean processing. This allows them to maintain productivity with minimal staff and overhead. This has become more important as labor costs continue to rise.

7 0

3 years ago

Two drivers—tom and jerry—each drive up to a gas station. before looking at the price, each places an order. tom says, "i'd like

Tatiana [17]

Price elasticity of demand is defined by Change in Quantity demanded / Change in Price.

Tom ordered 10 gallons of gas without asking about the price. This means that no matter the price, Tom orders the same quantity of gas (quantity demanded does not change with price). His demand is perfectly inelastic, or 0.

Jerry orders $10 worth of gas. This means that no matter how much it gives him, Jerry will pay $10. The price elasticity of demand depends on how much the price changes by.
For example, if price doubles from $5/gal to $10/gal, demand falls by 50% (2 gallons to 1 gallon), making his price elasticity -0.5
If the price increase 10% from $10/gal to $10.10/gal, demand falls 1% from 1 gal to .99 gallons, making his price elasticity -0.1

6 0

2 years ago

Suppose France can produce four phones or three computers with one unit of labor, and Sweden can produce one phone or two comput

lesya [120]

Answer:

Option (a) is correct.

Explanation:

France can produce four phones or three computers:

Opportunity cost of producing one phone = (3 ÷ 4)

= 0.75 computers

Opportunity cost of producing one computer = (4 ÷ 3)

= 1.33 phones

Sweden can produce one phone or two computers:

Opportunity cost of producing one phone = (2 ÷ 1)

= 2 computers

Opportunity cost of producing one computer = (1 ÷ 2)

= 0.5 phones

Therefore,

France has a comparative advantage in producing phones because of the lower opportunity cost of producing it than Sweden. France should specialize in producing phones and import computers from Sweden.

Sweden has a comparative advantage in producing computers because of the lower opportunity cost of producing it than France. Sweden should specialize in producing computers and import phones from France.

5 0

3 years ago

The Coase theory suggests that private markets may not be able to solve the problem of externalities

olga nikolaevna [1]

Answer: A. When the number of interested parties is large and bargaining costs are high.

Explanation:

The Coase Theorem is a legal and economical theory used to describe competitive markets. When the competitive markets are high, bargaining costs are high because each company is is fighting for use of the production and distribution channels. There are efficient input and output levels in a competitive market.

3 0

3 years ago

Pacific Ink had beginning work-in-process inventory of $762,960 on October 1. Of this amount, $313,920 was the cost of direct ma

BartSMP [9]

Answer:

Cost of goods transferred =$6,388,147.07

Cost of ending inventory=$1,068,478.93

Explanation:

Equivalent unit of material = (120,000× 100%)+(39,000×75%)=149250

Cost per unit of material = Total cost /Total equivalent unit

=(313,920 +2,956,500)/149250 =21.912

Cost per conversion cost

Equivalent unit of conversion cost

= (120,000 × 100%) + ((39,000×35%)= 133,650

Cost per unit of conversion cost

= ($3,737,220 + $449,040)/133,650 = 31.322

Cost of goods transferred = 120,000× (21.912 + 31.322)= 6,388,147.07

Cost of Inventory = (75%*39,000×21.912)+(35%× 39,000×31.322)

= 1,068,478.93

Cost of goods transferred =$6,388,147.07

Cost of ending inventory=$1,068,478.93

3 0

2 years ago

The downward slope of the demand curve again illustrates the pattern that as _____________ rises, _________________ decreases.

The downward slope of the demand curve again illustrates the pattern that as _ rises, _____ decreases.