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kondor19780726 [428]
2 years ago
13

The supply curve represents​ ___________. A. the maximum price buyers are willing to pay to buy an extra unit of a good. B. the

minimum price buyers are willing to pay to buy an extra unit of a good. C. the minimum price sellers are willing to accept to sell an extra unit of a good. D. the maximum price sellers are willing to accept to sell an extra unit of a good.
Business
1 answer:
matrenka [14]2 years ago
8 0

Answer:

The answer is: C) The minimum price sellers are willing to accept to sell an extra unit of a good.

Explanation:

A normal supply curve should move upward from left to right. The expresses the Law of Supply: (given that all other factors remain without change) As the price of a product increases, the quantity supplied should also increase.

For example:

An ounce of gold costs right now $1,500 and 100 ounces of gold are being traded right now at that price. If a new buyer comes in and wants to buy the 101th ounce of gold, then following a normal supply curve, the new buyer would need to pay more for that extra ounce of gold, maybe $1,510.

What the supply curve shows us is that given a certain price Y, a company will be willing to sell X amount of goods.  The more demand a product has (X + 1) > X, then the price Y will increase until a new balance is found.

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When Alfred Weber published his book Theory of the Location of Industries (1909), what did he select as the critical determinant
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Answer:

Transportation costs.

Explanation:

Alfred Weber lamented in his theory that the industries would set up where the least cost of transportation of raw material and finished goods would incur.

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2 years ago
A performance audit engagement typically involves: a. Review of financial statement information, including the appropriateness o
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Answer:

The correct answer is c. Appraisal of the environment and comparison against established criteria.

Explanation:

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3 years ago
A treasury___is issued by the US government, and is considered very safe. The options are:
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3 years ago
The Peridot Company purchased machinery on January 2, 2019, for $800,000. A five-year life was estimated and no residual value w
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Answer:

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