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Inessa05 [86]
3 years ago
15

Equilibrium occurs when supply and demand coordinate to

Business
2 answers:
alexdok [17]3 years ago
6 0

Answer:

set prices and production.

Explanation:

I just took the test and I hope this helps.

Colt1911 [192]3 years ago
4 0
Equilibrium occurs when supply and demand coordinate to determine prices. Market equilibrium occurs where supply equals demand. At this point, there is no tendency for prices to change. Hope this answers the questions. Have a nice day.
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You are an international shrimp trader. A food producer in the Czech Republic offers to pay you 2.2 million Czech koruna today i
fredd [130]

Answer: The value of this exchange is $8,816.05.

Explanation:

The problem is dealing with a simple case of arbitrage of exchange rates: Lets assume that

k = koruna

b = baht

Step 1:

Sales Revenue = k2,200,000

(To get USD amount : \frac{2,200,000}{25.36}=$86,750.7886

Purchase Cost = b3,200,000

(To get USD amount : \frac{3,200,000}{41.06}=$77,934.7297

Step 2:

Profit = Sales Revenue - Purchase cost

         = $86,750.7886 - $77,934.7297

         = $8,816.0589

The value of this exchange is $8,816.05.

4 0
3 years ago
An account of an event created by someone who took part in or witnessed the event
castortr0y [4]
I think the correct answer would be primary source. It is an account of an event created by someone who took part in or witnessed the event. It is also known as original source.  It is any document, manuscript, diary, autobiography, artifact, recording or any source that was made at the time being studied. Examples are interviews, archives, photographs, letters, films and scrapbooks. When the data from these primary sources are obtained from other source wherein they are being analyzed and interpreted then these sources will be called as a secondary source. Examples are articles, books, magazines, surveys, internet resources.
8 0
3 years ago
You and the other shoe store owners decide to fix your shoe prices at $60 a pair in order to maximize your profits. This is call
igomit [66]
Is called collusion

It's actually price collusion to be precise ( not to be mistaken for the crime collusion)

Often time, to attract customers, sellers will offer a lower price than their competitor. Though it may attract more customer, it will lower their profit.

In price collusion, all sellers is guaranteed to have same product price and profit margin, creating a perfect competition market for that product
6 0
3 years ago
Read 2 more answers
You are a senior manager at a U.S. automobile company investing in production facilities in China, Russia, or Germany. These fac
Dvinal [7]

Answer:

In general, China, Russia and Germany are three big countries; the automobile company will get benefits if it chooses any of the three countries, but it also faces some challenges. It is well known in Germany that the automobile industry is very powerful. If the company chooses to invest in Germany, it will face numerous competitors. Also, in Russia, the trade barriers will be obstacles for the entry of the automobile company. However, with China's low cost labor and large potential domestic market make it an attractive destination for the direct foreign investment.

Explanation:

4 0
3 years ago
On december 1, watson enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with erikson co
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<span>The given data shows that Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. Below are the journal entries that should be recorded upon signing the note: 1.Debit Accounts Payable $24,000 2.credit Notes Payable $24,000.</span>
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