If the number of buyers of a good increases, the demand for the good will <u>increase</u> and the demand for labor used to produce that good will <u>normal</u>.
The logic behind the demand and supply model is straightforward. The volume of a specific commodity or service that consumers will be able and willing to buy over time at each price is shown by the demand curve.
The supply curve depicts the volume of goods that merchants will offer for sale over that period at various prices.
We should be able to determine a price where the quantity of items buyers are willing and able to buy equals the quantity of goods sellers are willing to offer for sale by combining the two curves.
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Answer:
$112,530
Explanation:
Cost Allocated to Building = ($330,000 + $11,000) × [$115,500/($115,500 + $49,000 + $185,500)] = $112,530
Answer:
$352,000
Explanation:
Alpha Company reported the following figures:
Inventory on July 1 = $75,000
Inventory on July 31 = $43,000
Purchases for the month = $320,000
Cost of Direct material used = Inventory on July 1 + Purchases for the month - Inventory on July 31
Cost of Direct material used = $75,000 + $320,000 - $43,000
Cost of Direct material used = $352,000
The flu shots create a positive externally equal to $20 per shot. The relationship between the market equilibrium output level and the efficient equilibrium output produced is directly proportional. As the equilibrium output increases, the market equilibrium output level also increases. <span />
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