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3 years ago

Why does supply decrease when the price of resources increases?

Business

1 answer:

krek1111 [17]3 years ago

4 0

Answer:

see below

Explanation:

Resources are the ( inputs) materials used in the production of goods meant for sale. The cost of inputs has a direct impact on the price of the finished goods(output). An increase in the cost of inputs increases the cost of production. An increase in production cost increases without a corresponding rise in the selling price means that the profits margin per unit will decline.

Suppliers are motivated to sell or deliver more quantities in the market by profit prospects. An increase in the costs of inputs decreases profit margins. Reduced profits margin result in suppliers supplying reduced quantities in the markets.

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John is a drummer who purchases his drumsticks online. When practicing with the newest pair, he notices they feel heavier than u

Vinil7 [7]

Answer:

0.0042 is the probability of the stick's weight being 2.33 oz or greater.

Explanation:

We are given the following information in the question:

Mean, μ = 1.75 oz

Standard Deviation, σ = 0.22 oz

We are given that the distribution of drumsticks is a bell shaped distribution that is a normal distribution.

Formula:

$z_{score} = \displaystyle\frac{x-\mu}{\sigma}$

P(stick's weight being 2.33 oz or greater)

P(x > 2.33)

$P( x > 2.33) = P( z > \displaystyle\frac{2.33 - 1.75}{0.22}) = P(z > 2.6363)$

$= 1 - P(z \leq 2.6363)$

Calculation the value from standard normal z table, we have,

$P(x > 2.33) = 1 - 0.9958 =0.0042= 0.42\%$

0.0042 is the probability of the stick's weight being 2.33 oz or greater.

6 0

3 years ago

A risk of marketing myopia is that sellers pay more attention to:.

valkas [14]

Answer:

the products than to customer needs.

6 0

2 years ago

What type of life insurance has cash value

alisha [4.7K]

Whole life policies provide “guaranteed” cash value accounts that grow according to a formula the insurance company determines. Universal life policies accumulate cash value based on current interest rates. Variable life policies invest funds in subaccounts, which operate like mutual funds.

7 0

3 years ago

2. Which two of the following are most likely to be advantages of taking on a

Mariana [72]

Answer:

A).The franchisor provides a tried and tested product to sell

C ). The franchisee receives ongoing help and support from the franchisor

Explanation:

A franchise is an arrangement where an established and successful business person( franchisor) licenses a third party( franchisee) to set up an independent branch similar to the franchisor business. The franchisor permits the franchisee to use their brand name, colors, processes, and procedures and sell their products. Therefore, the franchisee's branch will be similar in all aspects to the other franchisor's branches.

The franchisor provides technical, operational, and managerial support to the franchisee. The franchisee pays an initial fee and a percentage of monthly sales to the franchisor to open a franchise business.

3 0

3 years ago

Transactions for Sheridan Company for the month of May are presented below. Prepare journal entries for each of these transactio

babymother [125]

Answer:

May 1

Cash $4,350 (debit)

Common Stock $4,350(credit)

May 3

Equipment $1,055 (debit)

Accounts Payable $1,055 (credit)

May 13

Rent Expense $394 (debit)

Cash $394 (credit)

May 21

Accounts Receivable : Noble Corp $530 (debit)

Service Revenue $530 (credit)

Explanation:

Note that, When stockholders invest cash in exchange of common stock, we recognize the increase in assets of cash and also the increase in equity item common stocks.

6 0

3 years ago