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3 years ago

Which of the following accurately describes a shortage?

Business

2 answers:

alukav5142 [94]3 years ago

6 0

Answer:

a) Consumer demand for a certain car is greater than the number of cars that can be produced.

Explanation:

A shortage is a situation in which the demand of a product is higher than the quantity that can be supplied. The causes of a shortage include the government imposing price controls, a decrease in the supply and a increase in the demand. These causes generate that the market is not in equilibrium and customers want to buy more products than the ones available. According to this, which accurately describes a shortage is: consumer demand for a certain car is greater than the number of cars that can be produced.

muminat3 years ago

3 0

"Consumer demand for a certain car is greater than the number of cars that can be produced" is the one among the following that <span>accurately describes a shortage. The correct option among all the options that are given in the question is the first option or option "a". I hope the answer helps you.</span>

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Pestro manufactures a herbicide that is used in the parks in Metroville. After the parks were sprayed with the herbicide, a grou

Free_Kalibri [48]

Answer:

d. bring suit against Pestro under Section 402A even though there is no privity.

Explanation:

Section 402A enforces strict liability for physical harm that is caused a by the product sold to a buyer by a seller.

It states that if a seller sells a defective product that is unreasonably dangerous to an end user, the seller will be liable for any physical harm that results from its use.

Privity is when a contractual relationship exists between different parties in a transaction.

In the given scenario even without a privity the parents of the children and the dogs can bring suit against Pestro under Section 402A even though there is no privity.

They don't have to have a direct contractual relationship with Pestro.

4 0

3 years ago

A firm has a market value equal to its book value. Currently, the firm has excess cash of $300 and other assets of $6,200. Equit

Jlenok [28]

Answer:

new earnings per share is $1.53

Explanation:

Given data

excess cash = $300

Equity is worth = $5,000

other assets = $6,200

stock outstanding = 500 shares

net income = $720

to find out

new earnings per share

solution

we know that equity per value is Equity / stock outstanding

that is

equity per value = (5000 / 500) = 10

equity per value = $10

and

we can purchase equity with excess cash $300 that is

= excess cash / equity per value

purchase equity with excess cash = (300 / 10) = 30

purchase equity with excess cash = 30 shares

after repurchase we have balance share is = (500 - 30) = 470

balance share = 470 shares

so that

new earnings per share will be = net income / balance share

new earnings per share = (720 / 470) = 1.53

new earnings per share is $1.53

8 0

3 years ago

Tyler Young sells a diverse line of conveyor systems to small manufacturers. He has found that he is most successful when he use

WARRIOR [948]

Answer:

The correct answer is letter "C": consultative selling approach.

Explanation:

The consultative selling approach is a method of sale that requires vendor-customer engagement to provide consumer personalized experience by pointing out solutions out of open questions according to the customers' needs. Normally, vendors do not follow sales speeches to attract the consumers' attention but they improvise identifying the potential reason why customers would purchase a product.

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4 years ago

A TV manufacturing company uses speakers at the rate of 8000/mo. When it places an order for speakers it incurs a fixed cost of

sveticcg [70]

Solution :

1. Ordering quantity 500 1000 10000 30000 80000

2. No. of orders 16 8 0.8 0.27 0.1

3. Average inventory 250 500 5000 15000 40000

4. Value of average 2750 5250 50000 142500 370000

inventory

5. Monthly total cost

a). Cost of material 88000 84000 80000 760000 740000

b). Ordering cost 19200 9600 960 320 120

c). Carrying cost 27.5 52.5 500 1425 3700

Total monthly cost 107227.5 93652.5 81460 77745 77820

Among the total monthly cost, $ 77,745 is the least cost.

Therefore, the optimum order size of quantity = 30,000

The number of orders per month = 8000/30000 = 0.267

Time between two consecutive orders = 30000/8000 = 3.75 months

7 0

3 years ago

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CaHeK987 [17]

Scientific method involves ways in which you would solve something while the others are just assuming or wondering what could happen.

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3 years ago