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Digiron [165]
3 years ago
6

Which of the following is consistent with the law of​ demand?

Business
1 answer:
ddd [48]3 years ago
6 0

Answer:

C. A doublingdoubling of the price of salt led to a 5 percent dropdrop in the quantity of salt purchased

Explanation:

The law of demand states that the higher the price, the lower the quantity demanded and the lower the price , the higher the quantity demanded.

An increase in the price of salt leading to a decline in quantity demanded is consistent with the law of demand.

I hope my answer helps you.

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In a perpetual average cost system: a. The average is determined by dividing the total number of units sold by the cost of units
Sedaia [141]

In a perpetual average cost system a new weighted-average unit cost is calculated each time additional units are purchased.

Option B is correct

Explanation:

"Average" represents the mean expense of production items from the sale time below the perpetual method. This marginal cost is compounded by the numbers of distribution units, deducted from the stock in the possession and debited to the Expense of Items Sold balance.

Divide the prices of goods available on the market by the amount of available on the market to be using the median weighted practice, which results in the total average cost of units. The cost of the product available on the market is the amount of the original production and net sales in this estimate.

8 0
3 years ago
Youngstown Glass Company manufactures three types of safety plate glass: large, medium, and small. All three products have high
Ann [662]

Answer:

                                                           Large    Medium    Small

Unit selling price                                 $184      $160       $100

Unit variable cost                                  130        120          76

Unit contribution margin                     $54        $40        $24

Autoclave hours per unit                       3            2              1

Total process hours per unit                 5            4              2

Budgeted units of production           3,000     3,000    3,000

a. Determine the contribution margin by glass type and the total company income from operations for the budgeted units of production.

  • total contribution margin for large safety plate glasses = $54 x 3,000 = $162,000
  • total contribution margin for medium safety plate glasses = $40 x 3,000 = $120,000
  • total contribution margin for small safety plate glasses = $24 x 3,000 = $72,000

b. Prepare an analysis showing which product is the most profitable per bottleneck hour.

contribution margin per autoclave hour:

  • large safety plate = $54 / 3 = $18 per autoclave hour
  • medium safety plate = $40 / 2 = $20 per autoclave hour
  • small safety plate = $24 / 1 = $24 per autoclave hour ⇒ MOST PROFITABLE PRODUCT PER AUTOCLAVE HOUR (BOTTLENECK)

7 0
2 years ago
Why aren‘t magazine photos a good representation ofwhat a healthy person looks like?
Arte-miy333 [17]
Magazine photos are not a good representation of what a healthy person looks like because they often show pictures of people who has a skinny and or people who only has built or toned body without having to discuss other factors that should be considered such as mentally or psychologically. They are mostly focused on the physical appearance.
6 0
3 years ago
Suppose the black market shrinks because firms shift to the formal sector, but production remains the same. GDP
nikdorinn [45]

Answer: will increase but this will not affect living standards

Explanation:

GDP is sometimes called an incomplete measure because there are certain measures that it does not include such as the black market.

If firms in the black market shift to the formal sector, they will now be included in GDP which means that GDP will increase.

The living standards of people in the country will probably not change however because the firms involved were simply shifting sectors and are not said to be more or less prosperous as a result. Assuming they remained the same, nothing changes for living standards.

4 0
3 years ago
If nicotine in cigarettes is highly addictive, why would it make economic sense for producers of cigarettes to offer free sample
makkiz [27]
If the nicotine cigarettes are highly addictive and they were to offer the free samples to young adults then it will make the people be highly addictive in the nicotine cigarettes and this will cause the economy in the producers to have a less demand in elasticity. If it has a less elasticity, then it will cause a large price change, affecting the consumed quantity by the consumers.
8 0
3 years ago
Read 2 more answers
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