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Taya2010 [7]
3 years ago
7

At the price of $5 per pack of batteries, Duracell sells 10,000 packs of batteries and Energizer sells 15,000 packs of batteries

. When the price rises to $7.50, Duracell sells 12,000 packs of batteries and Energizer sells 16,000 packs of batteries. What is the market supply at $7.50? Question 11 options: A.12,000 B. 16,000 C. 4,000 D. 28,000 E. 25,000
Business
1 answer:
AnnZ [28]3 years ago
5 0

Answer:

D.28000

Explanation:

Lets first understand what market supply is? Market supply is the accumulation/aggregation of total supply made by individual suppliers/vendors who are willing to provide at the current/prevailing prices. The market supply basically reflects the willingness of the vendors to supply goods/services at a given rate. Market supply can be either expressed in monetary terms or in terms of quantity.

So the market supply at $7.50 is as follows:

Market supply @ $7.50 = 12000 + 16000

Market supply @ $7.50 = 28000

It can be generally agreed that an increase in price can lead to an increase in supply by vendors, owing to the fact that the suppliers find a greater margin for themselves. Now in this question,  we can see that at the price of $5 per pack of battery Duracell and Energizer sell 10000 and 15000 packs respectively and when the price rises to $7.50 both Duracells and Energizer sell more than what they were selling at $5 per pack.

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3 years ago
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On January 1, 2016, Dreamworld Co. began construction of a new warehouse. The building was finished and ready for use on Septemb
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Answer:

$54,000

Explanation:

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As the bonds have different outstanding periods in the year, so we have to calculate the weighted average expenditure based on the numbers of months each bond outstanding within 2016.

January 1, 2016         $300,000 x 12/12 x 12% = $36,000  

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December 31, 2016  $450,000  x 0/12 x 12% = <u>$0           </u>

Total Expenditure                                                <u>$54,000 </u>

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