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Yanka [14]
3 years ago
6

If supply and demand for a good both decrease, which of the following is true? Group of answer choices Equilibrium quantity will

decrease but we cannot say for sure what will happen to equilibrium price. Equilibrium price and quantity will both decrease. Equilibrium price will increase but we cannot say for sure what will happen to equilibrium quantity. Equilibrium price will decrease but we cannot say for sure what will happen to equilibrium quantity. Equilibrium quantity will increase but we cannot say for sure what will happen to equilibrium price.
Business
1 answer:
snow_tiger [21]3 years ago
3 0

Answer:

Equilibrium quantity will increase but we cannot say for sure what will happen to equilibrium price.

Explanation:

Last statement is correct:

Whenever the supply and demand moves in the same direction that is if one increases other also increases or vice-versa.

Then, the quantity can be determined but the price cannot be determined.

As with decrease in the supply, the quantity supplied will be less, and since demand is also less, the quantity at equilibrium will also be less, and will be identified properly.

But as we discuss the price, it not only depends on the demand and supply, but would depend on consumer as well as producer behavior.

The consumer wants to buy at less price, but the producer will tend to sale it at a higher price, therefor, with this pressure which is inverse in nature, the degree or range of price can be identified but that the price cannot be determined, it might increase or decrease.

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The Center is an experienced home appliance dealer. The Center also offers a number of services together with the home appliance
Airida [17]

Answer:

The amount that should be allocated to the oven is $771.12.

The amount that should be allocated to the installation services is $102.75.

The amount that should be allocated to the maintenance services is $166.13.

Explanation:

Total price=Standard price   oven  +Standard price  Installation  +Standard price  

Maintenance ​  

=$803+$107+$173

=$1,083

Price allocated=Stand alone price of oven   / Total price  ×Price paid by customer

=  $803 / $1,083  ×$1,040

=$771.12

Price allocated=  

Stand alone price of installation service/ Total price

​  ×Price paid by customer

=  

$107 / $1,083   ×$1,040

=$102.75

​

Price allocated=   Stand alone price of maintenance service  /Total price

​  ×Price paid by customer

=   $173 /$1,083  ×$1,040

=$166.13

​

6 0
3 years ago
Reserves$72Checkable Deposits$240 Securities110Loans from Federal Reserve Banks2 Loans60 Consolidated Balance Sheet: Federal Res
mamaluj [8]

Answer:

d. directly increase by $2 and the money-creating potential of the commercial banking system will increase by $6

Explanation:

Note: The organized table of the question is attached as picture below

Total increase in money supply = (1/Reserve ratio)*2

Total increase in money supply = (1 / 0.25) * 2

Total increase in money supply = 4 * 2

Total increase in money supply = 8.

Out of which 2 is directly increased because fed deposits 2 into checking deposits and 6 is indirectly increased.

5 0
3 years ago
Tidwell Industries has the following overhead costs and cost drivers. Direct labor hours are estimated at 100000 for the year. A
Darya [45]

Answer:

Overhead rate for ordering and receiving = $300 per order.

Explanation:

Given Activity costs and activity drivers

Activity                                          Overhead Cost            Driver Activity

Ordering & Receiving Order           $150,000                     500 orders

Machine Setup                                  $324,000                    450 setups

Machining                                          $1,587,500                   125,000 MH

Assembly Parts                                 $1,260,000                   1,000,000 parts

Inspection                                           $330,000                        500 inspections

Under activity based costing the rates are based on the nature of activity and the rates are based on number of those activities per driver. As for ordering and receiving there are total of 500 orders and total cost = $150,000 that is cost per order will be computed.

Overhead rate for ordering and receiving = $150,000/500 orders = $300 per order.

6 0
3 years ago
What is the fundamental rethinking of business processes to bring about dramatic improvements in​ performance?
Tju [1.3M]

d. process redesign?

5 0
3 years ago
Demand for walnut fudge ice cream at the Sweet Cream Dairy averages 5.9 gallons per day. The dairy uses a continuous review (reo
RSB [31]

The optimal reorder point of Sweet Cream Dairy is 27.71 or 28 (rounded off)  and Safety stock is 15. 91  or 16 gallons (rounded off)

Explanation:

the reorder point is to multiply the average daily usage rate for an inventory item by the lead time in days to replenish it.

The safety stock formula with standard deviation is more complicated but also more accurate.

Safety stock = desired service level × standard deviation of lead time × demand average

Safety stock = ( 93÷100) ×  2.9 × 5.9 =  15. 91  or 16 gallons (rounded off)  

Safety stock = ( 93÷100) ×  2.9 × 5.9 =  15. 91  or 16 gallons (rounded off)

Reorder Point = (Average Daily Usage x Average Lead Time in Days) + Safety Stock  

= (5.9 x 2) + 15. 91 = 11.8 + 15.91 = 27.71 or 28 (rounded off)

= (5.9 x 2) + 15. 91 = 11.8 + 15.91 = 27.71 or 28 (rounded off)

7 0
3 years ago
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