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jolli1 [7]
3 years ago
13

New oil is reserves are discovered. What has increased in supply.

Business
1 answer:
zalisa [80]3 years ago
4 0

The correct answer is D. Land

Explanation:

In economics, land is one main factor of production and includes natural resources that can be used to make products, for example, wood can be used to made furniture or fruits can be used to produce juice, jam, and similar. Also, these resources are classified into renewable and nonrenewable depending on whether they are abundant and replenish in a short time. Oil is considered part of the land factor because this is a non-renewable resource that is used to produce goods such as fuels or plastic. Therefore, if new oil reserves are discovered there is an increase in land supply because more natural resources are available to produce goods.

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Which country has an absolute advantage for producing books
MAVERICK [17]

The correct answer is Singapore. For Plato!

6 0
3 years ago
Suppose you have 3 jars with the following contents. Jar 1 has 4 white balls and 1 black ball. Jar 2 has 2 white balls and 1 bla
serious [3.7K]

Answer:

4

Explanation:

There are 3 jars which equal 4 jars which equal 3

5 0
3 years ago
The following information was available for the year ended December 31, 2019: Net sales $ 894,250 Cost of goods sold 616,850 Ave
iogann1982 [59]

Answer:

Explanation:

Net sales - $894,250

Cost of Goods - $ 616850

Average account receivable - $40,650

Account receivable at year end - $28200

Average inventory - $182000

Inventory at year end - $158,000

Inventory turn over

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No of days sales in inventory = Ending inventory / Cost of Goods sold *365

158000/616850*365 = 93.5 days

Account receivable turnover = net credit sale / average receivable

894250/40650=21.9

No of days sales in account receivable -

Receivable at year end/total credit sales*365

28200/894250*365= 11.5 days

7 0
3 years ago
Beth is a retired teacher who lives in dallas and does some consulting work for extra cash. at a wage of $40 per hour, she is wi
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Price Elasticity of Supply. The price elasticity of supply is calculated as the percentage change in quantity divided by the percentage change in price.
 Using the Midpoint Method
 PES = ((Q2-Q1) / ((Q2 + Q1) / 2)) / ((P2-P1) / ((P2 + P1) / 2))
 PES = (((10) - (7)) / (((10) + (7)) / 2)) / (((50) - (40)) / (((50) + (40)) / 2))
 PES = 1.59
 the elasticity of beth's labor supply between the wages of $ 40 and $ 50 per hour is approximately 1.59
 In this case, to 1% rise in price causes an increase in quantity supplied of 1.59%
 answer:
 the elasticity of beth's labor supply between the wages of $ 40 and $ 50 per hour is approximately 1.59
 In this case, to 1% rise in price causes an increase in quantity supplied of 1.59%
4 0
3 years ago
If a stock's P/E ratio is 13.5 at a time when earnings are $3 per year and the dividend payout ratio is 40%, what is the stock's
REY [17]

Answer:

Price of share = $40.50

Explanation:

P/E ratio describes the price to earnings ratio.

Provided if P/E ratio = 13.5

And Earnings per share = $3 per share.

That means,

\frac{Price}{Earnings} = 13.5

\frac{Price}{3} = 13.5

Price = 13.5 \times 3 = $40.5

Therefore, it is not dependent on dividend payout ratio, and the price = $40.50

4 0
3 years ago
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