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ad-work [718]
4 years ago
10

Derived demand is demand: Group of answer choices

Business
1 answer:
Aleks [24]4 years ago
5 0

Answer:

C) linked to the production and sale of some other item.

Explanation:

• Derived demand is an economic term describing the demand for a good/service resulting from the demand for an intermediate or related good/service.

• Derived demand is solely related to the demand placed on a good or service for its ability to acquire or produce another good or service.

• The principles behind derived demand work in both directions; if the demand for a good decrease, the demand for the goods required to produce the item will also decrease.

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Llewelyn Company purchased 1,000 shares of its own $10 par value common stock when the market price of the stock was $36 per sha
VARVARA [1.3K]

Answer: Increase the treasury stock account and decrease the cash account by $36,000.

Explanation:

The journal entries that would be used to record the purchase of treasury stock will be to increase the treasury stock account and decrease the cash account by $36,000.

Note that the $36000 was calculated as:

= 1,000 shares × $36 per share

= $36,000

5 0
3 years ago
A perfectly competitive firm has total revenues equal to $360 when it produces forty units. what is the marginal revenue for the
Ket [755]

$9 is the marginal revenue for forty first unit.

The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.

According to economic theory, firms that are completely competitive keep on producing goods until marginal revenue and marginal cost are equal. Multiple situations call for the usage of marginal revenue. Businesses examine the market's client demand for items using historical marginal revenue data. Additionally, they set the most effective and efficient pricing using the information. Last but not least, businesses rely on marginal revenue to better comprehend estimates; from this data, future production schedules, such as planning for material requirements, are then derived.

To learn more about Marginal Revenue here

brainly.com/question/12266492

#SPJ4

7 0
2 years ago
If the number of employed persons in a country equals 27 million, the number of unemployed persons equals 3 million, and the num
Charra [1.4K]

Answer:

26.67%

Explanation:

Employed person = 27 million

Unemployed person = 3 million

Total labour force = Number of people employed + Number of people unemployed

Total labour force = 27 million + 3 million

Total labour force = 30 million

Unemployment rate = Number of people unemployed + Remaining people / Total labour force

Unemployment rate = 3 million + 5 million / 30 million

Unemployment rate = 8/30

Unemployment rate = 0.2666667

Unemployment rate = 26.67%

Hence, the unemployment rate equals 26.67%

5 0
3 years ago
If a tangible good or service performs the promised function dependably, we say that it has high:
kobusy [5.1K]
Hello there,
The answer to your question is reliability


Hope this helps :))

~Top
6 0
4 years ago
Omar and Vincenzo sell magazine subscriptions by telephone. Omar is paid $1.00 for every 5 calls he makes, while Vincenzo is pai
ratelena [41]

Answer:

Omar is paid on a <u>FIXED RATIO</u> schedule whereas Vincenzo is paid on a <u>VARIABLE RATIO</u> schedule.

Explanation:

When someone gets paid on a fixed ratio schedule, they are getting paid for every determined amount of time worked or tasks performed, e.g. you get paid $23 per hour, regardless of how much work you do.

Generally salespeople are paid using a variable ratio schedule because most (or all) of their salary is based on sales commissions. That means that the more they sell, the more money they earn, e.g. a salesperson is paid 3% of total sales.

5 0
3 years ago
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