3 years ago

Which of these statements best represents the law of supply? select one:

1 answer:

8 0

c. when the price of a good decreases, sellers produce less of the good.

According to the law of supply, an increase in price results in an increase in quantity supplied. This means that there is a direct relationship between price and quantity: Thus, when price of a good falls, sellers produce less

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Marginal cost is equal to average total cost when a. average variable cost is falling. b. marginal cost is at its minimum. c. av

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Answer: C

Explanation: average total cost is at its minimum

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2 years ago

what is the money an investor receives above and beyond the money initially invested called?a) saving.b)liquidity.c)return.d)inv

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The <span>money an investor receives above and beyond the money initially invested is called C. return.
Saving has to do with saving your money. Liquidity is the ability to pay your bills. Investment is when you invest your money into something, and eventually get it back, if your investment pays off.
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3 years ago

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3 years ago

The company's materials price variance for April was $3,000 Favorable. Its materials quantity variance for April was $5,000 Favo

Black_prince [1.1K]

Answer:

the standard price per yard is $6.25

Explanation:

The computation of the standard price per yard is shown below;

Material quantity variance = Standard Price × (Actual quantity - Standard quantity)

-$5,000 = Standard price × (10,000 - 10,800)

Thereore Standard price = -$5,000 ÷ (-800)

= $6.25

Hence, the standard price per yard is $6.25

We simply applied the above formula so that the standard price per yield could come

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3 years ago

What does CPI stand for and what is it used to measure?

aleksklad [387]

Answer:

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Explanation:

Consumer Price Index

The Consumer Price Index (CPI) is a measure of the average change overtime in the prices paid by urban consumers for a market basket of consumer goods and services.

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