Answer:
1. Supply would increase causing a surplus situation. Prices would then decline and this causes quantity supplied to decrease and quantity demanded to increase, this continues until there is a new equilibrium at a lower price and higher quantity.
Explanation:
Since in the question, it is given that the two new pizza restaurants are entered in the market that reflects increment in the number of sellers. Due to an increase in sellers, the supply curve shift to rightward. This will result in a decrease in the equilibrium price and an increase in equilibrium quantity
And we know that there is a direct relationship between the price and quantity supplied and there is an inverse relationship between the price and the quantity demanded
Answer:
d.$12.40
Explanation:
The computation of the per unit cost is shown below:
= Total cost ÷ Number of units produced
where,
Total cost = Direct material cost + Direct labor cost + Factory overhead cost
= $4,400 + $5,600 + $2,400
= $12,400
And, the units produced = 1,000 units
So per unit cost equal to
= $12,400 ÷ 1,000 units
= $12.40
Answer:
Correct Answer is "A"
(A) One tool of corporate governance is choosing a good investment banker.
In the question mentioned above, we are asked who are the support staff in the office of the president and this includes different people when different job description. These people are the following list enumerated below:
1. Administrators
2. The Cabinet Members
3. The reporters
4. The party leaders