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statuscvo [17]
3 years ago
15

Suppose iron ore is an input in producing steel. how will a decrease in the price of iron ore affect the market for​ steel

Business
1 answer:
Lunna [17]3 years ago
3 0
Direct relation. If iron is used to make steel, and iron is cheaper now, steel will also be cheaper. Decrease in price can mean they have a bunch of it, a surplus.
Supply and demand says if you got a lot of something prices go down. So if you have a lot of cheap iron, you can make a lot of cheap steel
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c

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Shona is buying a rug for her room. Store A has the rug for $45 with a 10% discount. Store B has the same rug for $46 and is off
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Store A= 45 x .10 = 4.5 45 - 4.5 = 40.5 40.5 x .06 = 2.43 40.5 + 2.43 = 42.93  nowStore B = 46 - 10 = 36 36 x .06 = 2.16 36 + 2.16 = 38.16so 40-38.6 that will be 1.84so correct option is B hope it helps
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3 years ago
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2. You are the human resources manager for a famous retailer and are trying to convince the president of the company to change t
Colt1911 [192]

The goal of any reasonable firm is to optimize its earnings. Providing incentives to the workers is one of the management methods to induce maximum effort from them in order to achieve the objective of the firm.In the present structure of employee settlement where the retail personnel is paid a fixed wage of $20 per hour, there's no reward for the retail sales staff to push more difficult for the sales and increase the profits. There is no penalty on them in case the sales go down and the profits are negatively affected.In the proposed worker compensation structure where each of the retail personnel is paid 1 percent of the shop's daily revenues over and above a fixed wage of $10 per hour, the staff is motivated to work harder to increase the sales and the profits of the firm. Each of the retail staff members then will be motivated by self-interest and devise methods to increase their productivity so that they can maximize their everyday compensation. Hence, by taking care of their self-interest, they will indirectly help in attaining the company's objective of maximizing its daily earnings to $25,000 per shop.

4 0
2 years ago
Both islands specialize exclusively in the product for which they have a comparative advantage. You have agreed to give 350 coco
timurjin [86]

After the trade the other island has a total of 150 coconuts and 1300 fish.

<h3>What do you mean by the comparative advantage?</h3>

Comparative advantage refers to the maximization of the efficiency of the economy and its well being by focusing on the production of those resources, which country can produce and exports them in the exchange of those goods, which a country does not produce.

One can have the comparative advantage at production if it could produce the goods at lower cost as compare to the others.

Here, both the islands focus only on the making of the thing they're best at doing.

Learn more about the comparative advantage here:-

brainly.com/question/13221821

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2 years ago
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Eduardwww [97]

Answer:

Explanation:

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Inventory = $2mill.

Therefore, Inventory turnover= 25/2 = 50

b.) Weeks of supply held =( Inventory / Cost of goods sold) *52

**It's multiplied by 52 since there are 52 weeks in a year.

Weeks of supply held = (2 / 25) *52 = 4.16 weeks

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