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bonufazy [111]
3 years ago
5

An increase in the quantity supplied can result from

Business
1 answer:
QveST [7]3 years ago
4 0
The only factor that can cause a change in quantity supplied is price, so increase in Qs results from a change in supply price.
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3. As the crisis in Venezuela deepened in late 2002 and early 2003, on January of 2003 the VEF was trading VEF1400/$. By Februar
aleksley [76]

Answer: 39.29%

Explanation:

For us to calculate the percentage change, we have to deduct the trading for VEF in January from the trading for VEF in February and then divide by VEF trading in January. This will be:

= (1950 - 1400)/1950

= 550/1400

= 0.3929

= 39.29%

The percentage change in January is 39.29%.

6 0
3 years ago
Which of the following is not one of the factors to consider in determining whether a business entity meets the definition of a
alexgriva [62]
2. It engages in business activities from which it may earn revenues and incur expenses.
3 0
3 years ago
Markley Manufacturing calculated its predetermined overhead rate to be 120% of direct labor cost. During June, the company incur
Nana76 [90]

Answer:

Applied Manufacturing Overheads are $102,000

Overapplied Manufacturing overheads are $18,000

Explanation:

Under or over applied manufacturing overhead can be determined by comparing the actual and applied manufacturing overheads.

Applied overheads can be calculated by multiplying pre-determined overhead rate and actual level of quantity. Predetermined overhead rate is calculated using estimated overhead and estimated activity on which overheads are applied.

In this question the predetermined overhead rate is 120% of direct labor cost.

Applied overhead = Direct labor cost x 120% = $85,000 x 120% = $102,000

Actual overheads incurred = $84,000

Overapplied Manufacturing overheads = $102,000 - $84,000 = $18,000

3 0
3 years ago
If we add successive laborers to work a given amount of land on a wheat farm, eventually:____.
Alexus [3.1K]

Answer:

d. the increases in wheat harvested will get smaller and smaller.

Explanation:

A marginal rate of technical substitution (MRTS) can be defined as an economic principle which is typically used to represent the rate at which a factor such as capital must decrease so that the same level or quantity of production is maintained when another factor such as labor is changed (increased).

An isoquant is the slope of a marginal rate of technical substitution (MRTS) which connects the two input factors provided that the level of output or production is the same.

Also, the diminishing marginal rate of technical substitution refers to the decline (fall) in marginal rate of technical substitution (MRTS) along an isoquant that produces the same quantity (level) of output.

When an isoquant has a diminishing marginal rate of technical substitution, the corresponding isoquants are convex to the origin. Thus, the marginal rate of technical substitution (MRTS) would continue to diminish as more of a factor such as capital is used.

If we add successive laborers to work a given amount of land on a wheat farm, eventually the increases in wheat harvested will get smaller and smaller.

6 0
3 years ago
Read 2 more answers
If a person has money invested at 9 percent and the rate of inflation is 5 percent, how much return are they actually making on
makvit [3.9K]

Answer:

1. An index determined by measuring the price of standard goods brought by urban consumers.

2. Producers raise prices to meet increased cost.

3.  Demand-pull theory.

4. It rises

5. 4 percent.

Explanation:

7 0
3 years ago
Read 2 more answers
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