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Marina86 [1]
3 years ago
11

Suppose the supply curve for wool mittens is represented​ as: Q​ = 50​ + 1/2X​ - 5Y​ - 24Z. Which one of the following statement

s below is​ true?A. The variable Y could be the price that wool mittens sell for in the market. B. The variable X could be the price of the wool used to make mittens. C. The variable Y could be the price of the wool used to make mittens.D. The variable X could be consumers income.
Business
1 answer:
natali 33 [55]3 years ago
4 0

Answer:

C) The variable Y could be the price of the wool used to make mittens.

D) The variable X could be consumers income.

Explanation:

quantity supplied = 50 + 1/2X - 5Y  -24Z

In this equation if X increases, then the quantity supplied increases. Therefore X can either be the product's price or consumer income.

In this equation if Y or Z increase, then the quantity supplied decreases. Therefore Y or Z are production costs, either labor or materials.

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Would loaning a friend $10 to buy a movie ticket be an investment? Why or why not
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Answer:

no

Explanation:

An investment is an asset or item that is purchased with the hope that it will generate income or appreciate in the future.

3 0
3 years ago
Which of the following sections of a business plan comes first but should be written last?
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Answer:

B. Executive Summary

Explanation:

Executive Summary is a business plan which comes first and should be written last

3 0
3 years ago
Luxury Linens Inc. produces the highest thread-count sheets available anywhere and does so at a price that none of its competito
vfiekz [6]

Answer: Sustainable competitive advantage

Explanation:

  The sustainable competitive advantage is basically refers to the abilities attributes and the quality of an organization that are different from the others competitors as it basically favorable to the long term position in the market.

The main objective of the sustainable competitive advantages is that it providing an efficient advantages in this competitive environment. Product differentiation, low cost provider and the strategic asset are the main advantages.  

According to the given question, the luxury linens Inc. is basically producing the high thread count and it measuring the various types of advantages such as profit, effective products of an organization.

Therefore, Sustainable competitive advantage  is the correct answer.

7 0
3 years ago
When the economy is producing the level of output equal to natural Real GDP, the unemployment rate is equal to :A. zero. B. the
VLD [36.1K]

Answer:

B. the natural unemployment rate.

Explanation:

When the level of output is equal to natural real GDP, it indicates that the country has reach a very optimal level of production has efficiently utilize all resources that it has in its disposal. These 'Resources' include both human , capital, and natural resources.

Natural employment rate is the amount of employment rate that occurs after a country has fully utilize its resources.  Like mentioned above,  This situation will arise when the level of  of output equal to natural Real GDP

Since there is little to no human resources left unused which make natural unemployment rate basically equal to the total employment rate that exist in that country.

7 0
3 years ago
a(n) blank market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among membe
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A common market is created when a customs union lifts restrictions on the mobility of services, labor, and capital among member nations.

<h3>Why was the common market formed?</h3>

Through the removal of the majority of trade barriers and the development of a unified external trade strategy, the EEC was created with the goal of establishing a common market among its members. In order to shield EEC farmers against agricultural imports, the treaty also called for the creation of a unified agricultural policy, which was implemented in 1962.

A free trade zone with a reasonably unrestricted circulation of goods and services is referred to as a common market. When it was a regional organization from 1958 to 1993, the European Economic Community was known as the "Common Market."

In a customs union, all or almost all of a country's imports, exports, and transiting commodities are subject to the same set of processes, regulations, and tariffs. Customs union participants typically have similar trade and competition laws.

Learn more about Common market here:

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7 0
2 years ago
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