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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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If an economy produced 220 pounds of jelly beans at $5 per pound and 90 pounds of gum drops at $2 per pound in 2016, its real gr
quester [9]

Its real GDP will be $1280.

According to the data provided here, we have that;

Production of 220 pounds of jelly beans at $5 means = 220 x 5 = $1100

While the 90 pounds of gum drops at $2 = 90 x 2 = $180

As production is an investment (I) so,

real GDP = $1100 + $180 = $1280

Hence, the real GDP of the production of two consumer goods ( Commodities ) is $1280.

When the production after completion goes to the market and after selling they generate revenue and the investment and profit come back which actually calculates the real GDP of an economy.

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4 0
1 year ago
What is 1/2 + 1/4=? Can someone help me (ps it's just a test to see if this app really works)
sergij07 [2.7K]

The answer is 3/4 and yes it really works

5 0
3 years ago
The manager of the customer service division of a major consumer electric company is interested in determining whether the custo
Elanso [62]

Answer:  Stratified random sampling

Explanation:

Given : The manager of the customer service division of a major consumer electric company is interested in determining whether the customers who have purchased a Blu-ray player made by the company over the past 12 months are satisfied with their products. If there are 4 different brands of Blu-ray players made by the company.

The best sampling strategy which we can use is stratified random sampling because it is not much costly and also it induces the efficiency . We can me different strata according to the 4 brands , then we can randomly select participants for the sample.

  • Stratified random sampling is a method of probability sampling in which a researcher divides the entire population into multiple homogeneous groups known as strata and then he randomly select an sample members from each strata for research .
4 0
3 years ago
Schrade Company bought a machine for $128,000 cash. The estimated useful life was four years and the estimated residual value wa
zzz [600]

Answer:

Net book value (NBV) at the end of Year 2, under:

  • straight-line method is $67,250
  • units-of-production method is $21,800
  • double-declining balance is $32,000

If there is need for NBV for Year 1, simply subtract the depreciation for Year from the cost.

Explanation:

Under straight-line method, depreciation expense is (cost - residual value) / Estimated useful life = ($128,000 - $6,500) / 4 years = $30,375 yearly depreciation expense.

Accumulated depreciation for 2 years is $30,375  x 2 years $60,750.

The net book value of the asset (cost - accumulated depreciation) is: $128,000 - $60,750 = $67,250.

The unit-of-production method is used when the asset value closely relates to the units of output it is able to produce. It is expressed with the formula below:

(Original Cost - Salvage value) / Estimated production capacity x Units/year

At Year 1, depreciation expense (DE) is: ($128,000 - $6,500) / 135,000 units x 58,000 units = $52,200/year

At Year 2, depreciation = ($128,000 - $6,500) / 135,000 units x 60,000 units = $54,000/year

Accumulated depreciation for 2 years is $52,200 + $54,000 = $106,200.

Note that this depreciation method results in higher depreciation charge when the asset is heavily used, at this time, it was in year 2.

The NBV under this method is is: $128,000 - $106,200 = $21,800.

The double-declining method is otherwise known as the reducing balance method and is given by the formula below:

Double declining method = 2 X SLDP X BV

SLDP = straight-line depreciation percentage

BV = Book value

SLDP is 100%/4 years = 25%, then 25% multiplied by 2 to give 50%

At Year 1, 50% X $128,000 = $64,000

At Year 2, 50% X $64,000 ($128,000 - $64,000) = $32,000

Accumulated depreciation for 2 years is $64,000 + $32,000 = $96,000.

The NBV under this method is is: $128,000 - $96,000 = $32,000.

6 0
3 years ago
U.S. advertisements contain more ________ information, and are more likely to include comparative appeals than Arabic ads.
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U.S. advertisements contain more  <u>price</u> information, and are more likely to include comparative appeals than Arabic ads.

The correct option is C.

<h3>What is advertisements?</h3>

A marketing communication known as advertising uses an openly sponsored, impersonal message to sell or promote a good, service, or concept. Typically, companies that want to advertise their goods or services are the sponsors of advertising.

<h3>What is advertisement and its importance?</h3>

A product, service, or concept is promoted for a fee when it is intended to persuade one or more people. Print, radio, television, and digital media are just a few of the different media that it might appear in. Persuading someone to purchase a product or take an action is the primary objective of advertising.

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I understand that the question you are looking for is:

U.S. advertisements contain more ________ information, and are more likely to include comparative appeals than Arabic ads.

A) people

B) process

C) price

D) sex

E) context

7 0
1 year ago
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