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3 years ago

The equilibrium price is often called the market-clearing price because:

Business

1 answer:

Natali [406]3 years ago

5 0

Answer:

The correct answer is option (c).

Explanation:

Equilibrium price occurs at the intersection of the demand and supply curves. That is, a particular quantity that both the supplier and the buyer are willing to exchange at a particular price.

At any price below the equilibrium price, quantity demanded would be more than the quantity supply, so this scenario creates a shortage (excess demand), so producers would be willing to sell the limited quantity at a higher price, preferably at the equilibrium price.

At any price above the equilibrium price, the quantity supply would be more than the quantity demanded, so there would be a surplus (excess supply) in the market. Producers would be willing to collect a lower price, preferably the equilibrium price.

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Roles that are concerned specifically with the activities that need to be carried out for the group to accomplish its goals are

LekaFEV [45]

The answer is that it referred to "task roles".

Task roles allude to the activities of people that assistance move the venture, choice, assignment along and related or concerned about the achievements of the gathering objectives.The parts and duties of the leader or facilitator and the individual individuals working inside the gathering or group are inspected. The word 'role' alludes to how a man will act and what work they will perform inside the gathering all in all.

5 0

3 years ago

Forrester Company is considering buying new equipment that would increase monthly fixed costs from $120,000 to $150,000 and woul

Margarita [4]

Answer:

"Decrease by 250" is the appropriate response.

Explanation:

The given values are:

Revised fixed cost,

= $150,000

Current selling price,

= $100

Current variable cost,

= $60

Current contribution will be:

= $Current \ selling \ price-Current \ variable \ cost$

= $100-60$

= $40$

Now,

The revised BEP will be:

= $\frac{Revised \ fixed \ cost}{Revised \ contribution}$

On substituting the values, we get

= $\frac{150,000}{40}$

= $3750 \ units$

hence,

= $4000-3750$

= $250$

Thus the above is the correct answer.

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3 years ago

Conservatives and liberals have very different views on healthcare reform. A news station places a story featuring the conservat

Aliun [14]

A. Bias by placement, because bias by labeling would be something to the effect of calling the liberals point of view uneducated, or giving there view some negative label, bias by omission would mean completely ignoring the other side, and not covering it at all, whereas all the other ones don't really fit, bias by placement is something to the effect of airing one side in the morning, while everyone is watching, and airing the other one after everyone is asleep, which is what is done here, which we know by the sentence "<span>liberal point of view at the end."</span>

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3 years ago

Ordinary repairs meet all of the following criteria except: Multiple Choice Are expenditures to keep an asset in good operating

spin [16.1K]

Answer:

The correct answer is letter "B": Extend the useful life of an asset beyond its original estimate by several years.

Explanation:

Ordinary repairs refer to routine maintenance that equipment and machinery need to work over its estimated useful life. <em>It does not aim to extend the life of the equipment but helps meeting the estimated time a company plans to use those assets.</em> In accounting terms, ordinary repairs demand to record a debit to an expense account and a credit to a cash account.

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3 years ago

Inez hires josh to paint her portrait to her satisfaction for $4,000. when josh finishes the portrait, inez announces that she i

mamaluj [8]

If Inez is not satisfied with the painting by Josh, Inez does not have to accept the portrait or pay Josh any money. Inez does not have to pay Josh at all.

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3 years ago