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Amanda [17]
4 years ago
5

Write a generalization about the relationship between price and the quantity supplied

Business
1 answer:
SVETLANKA909090 [29]4 years ago
6 0

Answer:

see below

Explanation:

Supply is the term used by economists to describe the quantity that supplies are willing to sell to buyers at a given price or different prices. As per the law of supply, the higher the price, the more quantities firms will be willing to supply.  

The supply curve is a graphical illustration of the relationship between the price of a commodity, and the quantities firms are willing to supply at different prices.  The supply curve is upward sloping. The X-axis of the graph indicates the quantities at different prices.  This relationship can also be expressed in a tabular format known as the supply schedule.

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Explanation:

Great question, intermediaries are sometimes necessary since they provide a service in which you might not be able to get the product if their service wasn't provided. That being said we can say that Caesar's claim is not valid in many cases. Intermediaries tend to add an additional cost to a certain product, but like mentioned above they are providing an essential value. In many cases the value they create more than offsets the costs they add. Therefore the validity of Caesar's claim is dependent on the intermediaries provided value.

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It will result in an increase in average inventory as larger batches require more time to be completed.

<h3>What is Operations Management?</h3>

Operations management (OM) is the management of business practices within an institution to achieve the highest level of efficiency possible. It is involved with converting materials and labor as efficiently as feasible into goods and services in order to maximize an institution's profit.

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