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larisa [96]
3 years ago
9

According to adam smith what happens when the demand for a product decreases

Business
1 answer:
shepuryov [24]3 years ago
3 0
In a competitive market when the demand decreases it is as a result of an increase in price, hence for the demand to increase , there is need to lower the prices and get a suitable price which will maintain an equilibrum
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Equipment, beginning of year $ 340,000 Equipment, end of year 420,000 Accumulated depreciation, beginning of year 190,000 Accumu
sertanlavr [38]

Answer:

$100,000

Explanation:

The computation of the amount of cash paid for the purchase of equipment is shown below:

= Ending balance of an equipment + book value of the equipment - beginning balance of an equipment

= $420,000 + $20,000 - $340,000

= $440,000 - $340,000

= $100,000

We simply applied the above formula so that the amount of cash paid for the purchase of the equipment could come

3 0
4 years ago
Dillon wants to advance quickly in his career with the Orton Company. To impress his boss, Dillon volunteered to take on several
Softa [21]

Answer:

Three things I think he must learn from this. Number one is to not take responsibilities of tasks that you are unaware of. Suppose I am a doctor of heart so don't know about spine issues. I must not create an image that I know everything. If I am doing so, I am living in the fool's paradise. This attitude can harm the patient and I will be liable for that. Secondly, if I am not capable of multitasking then I must consider my own limitations before agreeing to do more acceptance. Third thing is that when we increase productivity without increasing quality productivity level, this means we had compromised quality which Dillon has done with the Simpson Assignment. The Fourth one is that always consider a safety margin, for example Dillon can say when the task was not handed him over that he would do all these assignments but he needs some extra days. And also giving days for first one on a specified day before taking the assignments and next on next specified date. By doing so he was able to improve his image because he is providing quality.

6 0
4 years ago
Adam was explaining security procedures to new interns at his firm. It was difficult for the interns to understand what Adam was
RSB [31]

Incomplete question. The options;

A) Incorporate activities that directly involve the audience.

B) Explain how the information will help the audience.

C) Avoid jargon.

D) Compare unfamiliar concepts to familiar concepts.

Answer:

<u>C) Avoid jargon.</u>

Explanation:

Note, the term <em>"jargon"</em> basically refers to the use of highly complex or technical language in communication.

In this scenario, we observed that Adam did not take into consideration that the interns were<em> unfamiliar</em> with the complex terms he was using. Hence, an effective strategy he could have used in the above situation was to totally avoid the use of jargon in his communication with the interns.

5 0
3 years ago
The owner of Marshall Restaurant is disappointed because the restaurant has been averaging 7,500 pizza sales per month, but the
Troyanec [42]

Answer:

No of units                6,000            7,500       10,000  

Total fixed cost              $12,000.00   $12,000.00   $12,000.00  

Total variable cost         $9,000.00     $11,250.00   $15,000.00  

Total cost                 $21,000.00   $23,250.00   $27,000.00  

Fixed cost per pizza  $2.00                $1.60   $1.20  

Variable cost per pizza  $1.50                 $1.50   $1.50  

Average cost per pizza  $3.50                $3.10   $2.70  

3 0
3 years ago
After a hurricane in Florida knocked out the regional water supply for several days, the demand for bottled water increased shar
Crank

Answer:

The correct answer is letter "D": Price will increase, and quantity will increase.

Explanation:

If a natural disaster cuts the supply for water in a region, bottled water will face an <em>increase in its quantity demanded</em> as a substitute. Besides, due to scarcity, the bottled water is likely to face an increase in its price, thus, the <em>equilibrium price of bottled water increases</em>.

6 0
3 years ago
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