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nlexa [21]
3 years ago
9

Indicate which change in the value of each of the following determinants of supply leads to a movement along the supply curve no

t a shift in the supply curve. a. The change in factor productivity b. The change in the price of other related goods c. The change in market price of the good d. The change in resource prices
Business
1 answer:
nadezda [96]3 years ago
6 0

Answer:

(a) Shift in the supply curve

(b) Shift in the supply curve

(c) Movement along the supply curve

(d) Shift the supply curve.

Explanation:

When there is any change in the price of the good then as a result there is a change in the quantity supplied of that good and there is a movement along a  supply curve.

When there is any change in the factors other than price then as a result there is a shift in the supply curve.

(a) If there is an improvement in the factor productivity then as a result this will  increase the production of the good and this will shift the supply curve rightwards.

(b) This will shift the supply curve of the product.

(c) If there is an increase in the price of the good then as a result there is an increase in the quantity supplied of the good and there is a upward movement along the supply curve.

(d) If there is an increase in the resource prices then as a result this will increase the cost of production of the good. Hence, there is a fall in the supply of the product and there is a leftward shift in the supply curve.

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Rick works off commission. He earns 10 percent of all manufacturing equipment he sells. If he made a sale of $9,000, how much wa
Leto [7]

Answer:

C. $900

Explanation:

Divide your 9000 by 10 and theres your answer 900

5 0
3 years ago
The following information is available for a company's cost of sales over the last five months. Month Units sold Cost of sales J
Mice21 [21]

<u>TC</u> Units

$64,500 (High) 2,470

} $30,700 } 2000

$33,800( Low) 470

<u>VC</u><u> </u><u>per</u><u> </u><u>Unit</u><u> </u><u>=</u><u> </u><u> </u> 30 700 ÷ 2000 = $15.35

when 470 units are sold,( substitute vc per unit = 15.35)

TC = FC + VC

33, 800 = FC + ( 15.35× 470)

FC = $ 26 586

4 0
3 years ago
7. Which situation indicates a mixed economy?
STatiana [176]

Answer:

C Services are provided by both private and public sectors.

Explanation:

In a mixed economy, the private sector has the freedom to participate in economic activities, although the government has a role to play.  A mixed economy allows the private sector to own the factors of production hence are free to decide what business they wish to run. Consumers have the liberty to select their suppliers.  There is competition in the market place as profits motivate entrepreneurs.

The government is involved in the provision of public goods such as roads, hospitals, and schools. It provides regulatory services to the private sector to ensure fairness in the economy.

5 0
2 years ago
Riverbed Corporation issued 1,900 shares of $10 par value common stock upon conversion of 950 shares of $50 par value preferred
masya89 [10]

Answer:

The answer is given below;

Explanation:

 Preference stocks  950*50    Dr.$47,500

 Paid in capital in excess of par-preference shares  Dr.$  13,300                                  

 (64-50)*950

  Common Stocks  1,900*10        Cr.$19,000

  Paid in capital in excess of par-common stocks    Cr.$41,800

   (64*950)-(1900*10)                                        

8 0
3 years ago
During 2018, Skechers USA had Sales of $1,846.4, Gross profit of $818.8 million and Selling, General and Administration expenses
sveta [45]

Answer:

The answer is $1,027.6 million

Explanation:

Gross profit = Sales - Cost of Sales(cost of goods sold)

Gross profit = $818.8 million

Sales of $1,846.4 million.

To find Cost of Sales, we rearrange the formula to now be:

Sales - Gross profit

$1,846.4 million - $818.8 million

=$1,027.6 million

Therefore, Skechers' Cost of sales for 2018 is $1,027.6 million

4 0
3 years ago
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