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Serggg [28]
3 years ago
7

Suppose the market for pizzas is unregulated. That is, pizza prices are free to adjust based on the forces of supply and demand.

If a shortage exists in the pizza market, then the current price must be.............(higher, lower) than the equilibrium price. For the market to reach equilibrium, you would expect................(sellers to offer lower prices, buyers to offer higher prices, persistent excess demand)
Business
1 answer:
Ghella [55]3 years ago
5 0

Answer:

The correct word for the blank space is: lower; buyers to offer higher prices.

Explanation:

In a market driven by supply and demand laws, shortages are caused because of excess in demand as a result of lower prices. Thus, that price is lower than the equilibrium price. Besides, if there is a need to push that price to its equilibrium level, sellers will have to increase the price implying buyers will have to offer higher prices.

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A local club is selling Christmas trees and deciding how many to stock for the month of December. If demand is normally distribu
Nastasia [14]

Answer:

0.6

Explanation:

Data provided :

Mean = 100

Standard deviation = 20

Salvage value of the tree = $ 0

Actual cost of the tree = $ 20

Selling cost of the trees = $ 50

Now, the cost of shortage = Selling cost - actual cost = $ 50 - $ 20 = $ 30

and the outrage cost = actual cost = $ 20

Now,

the service level is calculated as:

service level = \frac{\textup{cost of shortage}}{\textup{cost of outrage + cost of shortage}}

on substituting the value, we get

service level = \frac{\$\ 30}{\$\ 20\ +\ \$\ 30}

or

Service level = 0.6

6 0
3 years ago
What is application software?
eduard
I believe it's (D) because, An application is any program, or group of programs, that is designed for the end user. Application software can be divided into two general classes: systems software and applications software. Applications software (also called end-user programs) include such things as database programs, word processors, Web browsers and spreadsheets.
5 0
3 years ago
A city sells $15 million of general obligation bonds on October 1, 2019. The bonds mature at the rate of $1 million a year each
alexgriva [62]

Answer:

The multiple choices are:

a.$15,000,000

b.   $14,000,

c.    $13,750,000

d.   $0

The correct option is D,$0

Explanation:

The city by all standards should have adopted a modified accrual basis of accounting where amounts owed in terms of principal and interest payments are not recorded in the necessary books of accounts until they become due.

As at 30,2020,the amount due in respect of the loan has been recorded and paid off,hence as at 31st December,2020,no amount is due in respect of the general obligation bonds issued,hence no recording would be effected until next obligation date when the amount to be paid is due

4 0
3 years ago
A bond that pays interest semiannually has a price of $975.11 and a semiannual coupon payment of $28.25. If the par value is $1,
Roman55 [17]

Answer:

5.79%

Explanation:

For the computation of current yield first we need to find the annual coupon is shown below:-

Annual Coupon = Coupon payment × Semi annual

= $28.25 × 2

= $56.5

Current Yield = Annual Coupon ÷ Market Price

= $56.5 ÷ $975.11

= 0.0579

or

= 5.79%

Therefore for computing the current yield we simply applied the above formula so that the correct rate could come

4 0
3 years ago
At the beginning of the month, the Forming Department of Martin Manufacturing had 11,000 units in inventory, 40% complete as to
emmainna [20.7K]

Answer:

  • Materials ⇒ 70,725 units
  • Conversion ⇒ 68,600 units

Explanation:

Using the weighted average method, the equivalent units are the Units transferred out plus the equivalent closing inventory.

Materials:

= Units transferred out + Closing equivalent units

= 63,500 + (85% * 8,500)

= 70,725 units

Conversion:

= 63,500 + (60% * 8,500)

= 68,600 units

3 0
3 years ago
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