Answer:
C. leftward shift of the demand curve.
Explanation:
A normal good is a good whose demand increases when income increases and falls when income falls.
The demand curve is represented as downward sloping curve. It slopes downward because the higher the price, the lower the quantity demanded and the lower the price, the higher the quanirty demanded.
A fall in demand is represented by a leftward shift of the demand curve. A rise in demand is represented by a rightward shift of the demand curve.
Factors that leads to a leftward shift of the demand curve:
1. Decrease in income
2. Change in taste - if consumers prefer other products
3. Season
4. Fall in price of substitutes
I hope my answer helps you
Answer:
The 10,000 units of output that will be supplied by the two firms to the market.
Profit that each firm would earn will be higher than previous.
Explanation:
The firm selling 4,000 units at the price of $10 per unit. If the output is increased to 6,000 units the price will increase to $11 per unit. If the new 6,000 units are produced along with the previous 4,000 units then the total output supplied by the two firms will be 10,000 units (6,000 + 4,000). The supply of goods in the market will increase so price will fall and the revenue for the firms will decline but they can benefit with sales volume and their profit can increase.
The minimum price that the barber must charge <em>to increase his salary to $4,000</em> for each of the 200 haircuts is <em>A. $25.</em>
Data and Calculations:
Charge per haircut = $20
Total cost per month = $4,000
Monthly salary = $3,000
Other costs per month = $1,000 ($4,000 - $3,000)
Minimum number of haircuts per month = 200
Expected monthly salary per month = $4,000
Total new monthly expenses = $5,000
Minimum price to charge per haircut = $25 ($5,000/200)
Thus, the minimum price that the barber must charge <em>to increase his salary to $4,000</em> without increasing the number of haircuts is $25.
Learn more: brainly.com/question/14872023
Answer:
The correct answer is letter "D": pertains to sub-units of the entity and may be very detailed.
Explanation:
Managerial Accounting is<em> internally-based accounting</em> that helps managers measure the results of their decisions. This is in contrast to financial accounting which emphasizes more general, higher-level financial results. One common managerial accounting tool is determining the <em>profit margin in each of the company's products</em>. This information helps managers set product prices and ensure that they are making appropriate profit margins.
Answer:
Correct option is (B)
Explanation:
In accounting, double entry book keeping is followed as every financial transaction has dual effect on the books of accounts. It starts with the accounting equation which stated:
Assets = Liabilities + Stockholder's Equity
If there is an increase in assets, there has to be a subsequent increase in either liability or stockholder's equity.
Every transaction is debited in one account and credited in some other account.
For example Depreciation for the year is $2,000. Depreciation expense account is debited by $2,000 and accumulated depreciation account is credited by $2,000.
Since Sandra recognizes that an effect on asset will have a simultaneous effect on either liability or equity, she is following double entry bookkeeping.
