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grandymaker [24]
2 years ago
10

Suppliers will supply more of a good when the price of that good rises because the opportunity cost of producing that good has r

isen.
A. True
B. False
Business
1 answer:
Taya2010 [7]2 years ago
8 0

Answer:

B. False

Explanation:

Opportunity cost of producing a good for the supplier are the profits that they could make from other goods that they are not producing, for example if a supplier is producing cars the opportunity cost are the profits that the supplier can make by producing other products instead of cars. This statement is wrong because when the price of a good increases the opportunity cost of producing the good does not change because the opportunity cost of producing the good depends on the price and profits of other goods. In this case when the price increases the suppliers will supply more of this good because the opportunity cost of not producing the good increases because they can make higher profits now.

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7 0
3 years ago
Which of the following is NOT an element of the marketing mix?
frosja888 [35]

Answer: Option D

Explanation: The set of activities done by a company for marketing its product is called marketing mix. These are the factors that affect the marketing results of the entity and should be considered thoroughly while decision making.

Seven elements of marketing mix are :-

1. Product

2. Price

3. Place

4. Promotion

5. Packaging

6. Positioning

7. People

THUS, DISTRIBUTION IS NOT ITS PART.

4 0
3 years ago
Given the acquisition cost of product z is $30, the net realizable value for product z is $27, the normal profit for product z i
vitfil [10]
Lcm requires to value inventory at the lower of acquisition cost or net realizable value.

Net realizable value = $27 - $1 = $26
Cost = $30

Therefore, it would be valued at $26
5 0
2 years ago
The following accounts were abstracted from Oriole Company's unadjusted trial balance at December 31, 2020: Debit Credit Account
Ronch [10]

Answer:

$52,710

Explanation:

Calculation for allowance for uncollectible accounts credit balance

Using this formula

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Let plug in the formula

Allowance for uncollectible accounts credit balance=7%* $753,000

Allowance for uncollectible accounts credit balance=$52,710

Therefore After adjustment at December 31, 2020, the allowance for uncollectible accounts should have a credit balance of $52,710

7 0
2 years ago
Shale oil mining corporation is a u.s. employer. shale oil and other u.s. employers must perform i-9 verifications for
tigry1 [53]
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</span> I-9<span> is used for </span>verifying<span> the identity and employment authorization of individuals hired for employment in the United State and conducted to make sure that the new employee has the full legal right to work in United States</span>
5 0
3 years ago
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