Answer: The correct answer is (A) : Positive upward slope.
Explanation: A demand curve is basically a graph like any other with the variables in potted on both the x-axis (left to right) and the y-axis (top to bottom). Understanding the definition of demand would make it easier to understand why the answer is option A and why the demand curve has a negative downward slope.
Demand can be defined as the quantity of a commodity or service that a consumer is willing and able to buy at a given price and at a particular point in time. And the law of demand states that “other factors being held constant, the higher the price of a commodity, the lower the quantity being demanded by the consumer. And the lower the price of a commodity, the higher the quantity being demanded by a consumer.”
This is simply a rational consumer behavior. So if the price of movie tickets were to go up let’s say from $10 to $15 then a consumer who previously could afford to watch 8 movies in a month (that’s $80) would be having second thoughts and so, rather than spend $120 per month on movie tickets, would be more inclined to watch less movies and stay within his/her $80 budget.
Therefore, on the demand curve, as the price of movie tickets moves positively towards the right side (on the x-axis), the quantity demanded would move negatively downwards (on the y-axis). As one variable increases the other one decreases, and vice versa. That explains why the demand curve has a negative downward slope.
Answer:
Claire produces beef and Dag produces corn
Explanation:
Based on the information provided within the question I think it is safe to say that in order to maximize their total output Claire produces beef and Dag produces corn. This is because Claire's beef to corn ratio is 1:5 while Dag's is 1:6 therefore Claire's beef production is more efficient than Dag's, while Dag's corn production is more efficient than Claire's. Which is why each one should focus on what they are best at.
I hope this answered your question. If you have any more questions feel free to ask away at Brainly.
Total units to be produced = 785000
<u>Explanation:</u>
<u>production budget report in units for Pasadena Candle Inc is as follows:</u>
using the data as per given in the question:
Expected units to be sold 800000
Desired ending inventory, Dec 31 20000
Total units available 820000
Estimated beginning inventory, Jan 1 -35000
Total units to be produced 785000
Note: Desired ending inventory is the sum total of expected units that hev been sold and desired ending inventory at the year end.
Note: The begining inventory is to be deducted from the total units available.
Answer:
<h2>
2012</h2>
Profit Margin
= Net income / Net sales
= 1,143 / 30,768 * 100
= 3.7%
Asset Turnover
= Net sales / Average operating assets
= 30,768 / [(10,234 + 11,880) / 2]
= 2.78 times
Return on Assets
= Net income / Average operating assets
= 1,143/ [(10,234 + 11,880) / 2]
= 10.3%
<h2>
2017</h2>
Profit Margin
= Net income / Net sales
= 1,301 / 50,308
= 2.6%
Asset Turnover
= Net sales / Average operating assets
= 50,308 / [(18,390 + 17,729) / 2]
= 2.79 times
Return on Assets
= Net income / Average operating assets
= 1,301 / [(18,390 + 17,729) / 2]
= 7.2%
