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4 years ago

What happens to the equilibrium price when supplies goes down

1 answer:

3 0

An equilibrium price is where the quantity of goods supplied is equal to the quantity of goods demanded. So if supplies of the said product goes down the equilibrium will go down and the price and demand will be higher.

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Rather than have the top level of management make all the decisions, Jake's company gives all lower-level managers the authority

Natasha_Volkova [10]

Answer:

Decentralised organisation

Explanation:

Decentralised organisation are those in which most of the authority to perform tasks is given to.lower level management or even individual teams.

This results in a system where decisions are made faster.

Also a small amount of control is maintained for major decisions.

In the given instance Jake's company gives all lower-level managers the authority to make decisions for his or her department, this is a decentralised organisational system

6 0

3 years ago

Before purchasing a chemical, one should ask if the chemical is commonly used. how does one know whether or not a chemical is co

Ivenika [448]

Glance through the curriculum to discover how generally the chemical is used in the course of the year.

Chemical procurement is the manner of obtaining gadgets and/or ingredients for enterprise functions. This involves no longer simplest the act of hitting the “purchase” button, however, also includes the issues main up to that factor and the gear used to finish the procedure.

A chemical is any substance that has a described composition. In different phrases, a chemical is continually made from identical "stuff." some chemical substances arise in nature, such as water.

The definition of a chemical is a substance created by way of chemistry. An example of a chemical is a pesticide.

Learn more about Chemical here

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3 0

2 years ago

Swifty Company reports the following operating results for the month of August: sales $315,000 (units 5,000); variable costs $21

Sloan [31]

Answer:

Net income to be earned = $58,500

Explanation:

The net income to be earned can determined as follows:

<em>Net income = (sales value - Variable costs) - Fixed costs</em>

With an increase in selling price by 10%, the total sales value would now be

Total sales value = 110% × 315,000 =$346,500

Net income therefore would be

= (346,500 - 218,000) - 70,000

= $58,500

Not that the fixed cost will not change because it is independent of volume and also the variable cost has been stated to remain the same.

4 0

3 years ago

A random sample of 12 lunch orders at noodles and company showed a mean bill of $12.99 with a standard deviation of $4.6. find t

kow [346]

12.99 + 4.6 = 17.59 / 98

6 0

4 years ago

A major airline sells an aggressively low priced ticket compared to a new low-fare airline, which is trying to enter the market.

ankoles [38]

Answer:

The correct option is is A, predatory pricing

Explanation:

Predatory pricing is an illegal approach to pricing where a firm fixes a very low price in order to send competitors out of business.

This is very applicable to a firm that has economies of scale where its cost per unit reduces as more and more units are produced, making it possible to undercut competitors without feeling much impact in profitability.

This approach is against the anti-trust law as it paves for a monopoly market,where only one firm operating in the market determines the price which is not likely to be favorable to consumers

8 0

3 years ago

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