1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Stells [14]
3 years ago
6

Suppose OPEC oil cartel announces that it will increase production of oil. Using supply and demand analysis to predict the effec

t of increased production on equilibrium price and quantity, the first step is to show the:
Business
1 answer:
NISA [10]3 years ago
8 0

Answer:

The first step is to show where the supply curve will shift, and in this case, the supply curve will shift to the right.

This is because OPEC has decided to increase oil production, or in other words, it has decided to shift the oil supply to the right. After this, the equilibrium price will probably fall, unless demand also rises proportionally.

You might be interested in
What is the relationship between financial system and economy
pentagon [3]

Answer:

Financial markets help to efficiently direct the flow of savings and investment in the economy in ways that facilitate the accumulation of capital and the production of goods and services.

3 0
2 years ago
Read 2 more answers
logistics plans are executed and altered over the many years of deployed operation, with operations and support (O
Maru [420]

Logistics Planning. Logistics is the process that creates value by timing and positioning inventory; it is the combination of a firm's order management, inventory, transportation, warehousing, materials handling, and packaging as integrated throughout a facility network.

<h3>How do I create a logistics plan?</h3>
  • Have Reliable and Good Suppliers. Every company needs to get products and materials needed to produce its product. ...
  • Optimize Inventory Management. ...
  • Integrate the Company Divisions. ...
  • Meet Deadlines and Keep your Word.

<h3>How long is a Air Force logistics Tech School?</h3><h3>27 days</h3>

This initial training is required for all non-prior service personnel and is 8.5 weeks long.

After graduation from basic training, you'll be sent to your tech school at Lackland Air Force Base (the same base as basic training), which is 27 days long.

Learn more about logistics here:

<h3>brainly.com/question/25743558</h3><h3 /><h3>#SPJ4</h3>
4 0
1 year ago
As prepaid expenses expire with the passage of time, the correct adjusting entry will be a:
Nonamiya [84]

Answer:

d. debit to an expense account and a credit to an asset account.

Explanation:

When a prepayment is made, the entries recorded are Debit prepaid expense and credit Cash account to recognize the amount prepaid.

As time passes and the expenses are incurred, the entries required are debit expense account and credit prepaid expense (an asset) with the amount of the expense incurred as a result of the passage of time.

4 0
3 years ago
Saturn Systems, an electronic goods manufacturer, sells its LED bulbs to Shockwave Enterprise, which in turn sells those bulbs t
AVprozaik [17]

Answer:

C. retailer

Explanation:

A retailer is a business entity that buys goods from manufacturers or wholesalers and sells them to the end-users.  A retailer is, therefore, a middleman who helps customers acquire products from manufacturers.

There are several types of retailers classified according to their size and nature of business. Departmental stores are the largest retailers. They stock a wide range of products from electronics, jewelry, food items, furniture, clothing, to books, all under one roof. Other retailers include supermarkets, drugstores, restaurants, convenience stores, and discount stores.

Retailers make profits by buying goods at a wholesale or factory price and selling them at a higher retail price.

4 0
3 years ago
Brief exercise 8-1 ortega company manufactures computer hard drives. the market for hard drives is very competitive. the current
Korvikt [17]
The profit that is gained by the company for selling a unit is equal to the difference between the revenue and total cost. In this item the revenue is given to be $45 and the profit is $10. To answer this item, we let x be the cost such that,

                   45 - c = 10

Simplifying,

                      c = 45 - 10

Further simplification will lead us to,

                      c = 35

Answer: $35. 
3 0
3 years ago
Other questions:
  • You are trying to decide whether you should go to college. To help decide, you compare what you would sacrifice to go to college
    13·1 answer
  • On December 31, 2019, Spearmint, Inc., issued $450,000 of 9 percent, 3-year bonds for cash of $461,795. After recording the rela
    14·1 answer
  • Sales made on account normally lead to cash receipts. true or false.
    6·1 answer
  • If purchasing power parity holds, then if the price of a basket of goods in the U.S. rose from $1.000 to $1,200 and the price of
    6·1 answer
  • True or False: A sole proprietor is personally responsible for all of the businesses debts, and may be legally required to pay o
    13·1 answer
  • Javier left his home country to become a gardener for a family in a suburb of San Francisco, California. One of the benefits of
    11·1 answer
  • Sharon is opening a new pizza restaurant that will use a combination of workers and ovens to produce pizzas. Sharon knows from e
    9·1 answer
  • Why is international trade important for SA?
    15·1 answer
  • Webster's Words has a printing press which they are not using at the present time. In fact, they have not used this equipment fo
    14·1 answer
  • List a professional example for voicemail
    10·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!