Interpreting Graphs

HELP!!!!!!! Draw a supply and demand graph for the given scenario

faltersainse [42]

The demand shifter is the expected increase in the price of the lab coats.

The equilibrium price and quantity would increase.

<h3>What would happen to equilibrium price and quantity?</h3>

When there is an expectation of an increase in the price of lab coats, people would want to buy more lab coats now to avoid buying lab coats at a high price next week.

As a result, the demand curve for lab coats shifts to the right. The equilibrium price and quantity would increase.

Please find attached the required diagram. To learn more about the demand curve, please check: brainly.com/question/25140811

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8 0

2 years ago

If economic conditions require you to accept a job that is not exactly what you are aiming

Gre4nikov [31]

Read that that should help you

4 0

3 years ago

Amy transfers property with a tax basis of $970 and a fair market value of $650 to a corporation in exchange for stock with a fa

Morgarella [4.7K]

Answer:

$775

Explanation:

Calculation for Amy's tax basis in the stock received in the exchange

Using this formula

Tax basis in the Stock received Exchange = Tax basis - Liability on property transferred

Let plug in the formula

Tax basis in the Stock received Exchange=$970-$195

Tax basis in the Stock received Exchange = $775

Therefore Amy's TAX BASIS in the stock received in the exchange will be $775

5 0

3 years ago

A supplier's bargaining position is especially strong when: A. many sources of the supply exist. B. other materials can be subst

podryga [215]

Answer:

C. the supply is vital to the organization.

Explanation:

Bargaining is the act of exchanging, whether fraudulently or not, an object for another; It is the strength of a person or group when discussing prices, putting pressure and demanding, for example, higher quality at a lower price. A supplier's bargaining position is especially strong when supply is vital to the organization, because the organization will need to buy that supply regardless of the price the supplier requests.

5 0

3 years ago

Backus Inc. makes and sells many consumer products. The firm’s average contribution margin ratio is 27%. Management is consideri

dezoksy [38]

Answer:

The correct answer for option (a) is $10.96 and for option (b) is 7,128 units.

Explanation:

According to the scenario, the computation of the given data are as follows:

contribution margin ratio = 27%

Variable expense = $8 per unit

Fixed expense = $13,000

(A) We can calculate the selling price as follows:

Contribution margin ratio = 100 % - Variable expense ratio

= 27% = 100% - Variable expense ratio

= Variable expense ratio = 100% - 27% = 73%

So, Selling price = Variable expense ÷ Variable expense ratio

= $8 ÷ 73%

= $10.96

(b). Profit = $8,100

Contribution margin = Selling price - Variable expense = $10.96 - $8 = $2.96

So. we can calculate the number of units by using following formula:

Number of units required = (Fixed cost + Profit) ÷ Contribution Margin

= ( $13,000 + $8,100 ) ÷ $2.96

= $21,100 ÷ $2.96

= 7,128.38 units

3 0

3 years ago