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
Temka [501]
3 years ago
8

Consider the market in which bag producers operate. Suppose that the price ot a backpack rises. Explain how this event will chan

ge the quantity of backpacks supplied and the supply of backpacks today.A. The quantity of backpacks supplied increases and the supply of backpacks is unchanged B. The quantity of backpacks supplied decreases and the supply of backpacks also decreasesC. The qarery ot backpacks suppled rareases and the supply of backpacks also increasesD. The supply of backpacks is unchanged and the quantity of backpacks supplied decreases E. The supply of backpacks increases and the quantity of backpacks supplied is unchanged
Business
2 answers:
Diano4ka-milaya [45]3 years ago
6 0

Answer: A

Explanation:

If the price of backpack increases, the quantity of backpacks supplied would increase.

netineya [11]3 years ago
4 0

Answer:

A. The quantity of backpacks supplied increases and the supply of backpacks is unchanged

Explanation:

The law of supply states that the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

If the price of backpack increases, the quantity of backpacks supplied would increase. This would lead to an upward movement along the supply curve.

There would be no change in supply.

Changes in price only leads to changes in quantity supplied.

I hope my answer helps you

You might be interested in
Compute conversion costs given the following data: direct materials, $347,500; direct labor, $196,300; factory overhead, $187,90
Alexxx [7]

Answer:

Conversion costs: d. $384,200

Explanation:

Conversion costs are the costs incurred on activities that convert raw material to finished goods. Conversion costs are calculated by using following formula:

Conversion costs = Direct labor + Factory overhead.

In the case: Direct labor  are $196,300; Factory overhead are $187,900

Therefore:

Conversion costs = $196,300 + $187,900 = $384,200

5 0
3 years ago
The material wealth of society is determined by the economy's _________, which is a function of the economy's _________. a. inve
Yakvenalex [24]

Answer:

The material wealth of society is determined by the economy's productive capacity, which is a function of the economy's real assets.

Explanation:

Production capacity or <em>productive capacity</em> is the maximum level of activity that can be achieved with a given productive structure. The study of capacity is essential for business management in that it allows analyzing the degree of use made of each of the resources in the organization and thus have the opportunity to improve them.

<em>Real assets</em> are physical assets that have value due to their substance and properties. Real assets include precious metals, raw materials, real estate, agricultural land, machinery and oil. They are appropriate for inclusion in more diversified portfolios due to their relatively low correlation with financial assets such as stocks and bonds.

7 0
3 years ago
On January 1, Year 1, Frost Co. entered into a 2-year lease agreement with Ananz Co. to lease a new computer. The lease term beg
satela [25.4K]

Answer:

Frost (Lessee) and Ananz (Lessor)

The circumstance that would require Frost to classify and account for the arrangement as a finance lease is:

c. The economic life of the computers is three years.

Explanation:

a) Data:

Annual lease payments = $8,000

Present value of the minimum lease payments = $13,000

Fair value of the computer = $14,000

The economic life of the computers = 3 years

The lease period = 2 years

b) One of the conditions for classifying the lease arrangement as a finance lease is that the lease term of 2 years forms a significant part of the asset's useful life of 3 years.  Other conditions include:

Firstly, ownership of the asset is transferred to the lessee at the end of the lease term.  The second condition is that the lessee can purchase the asset below its fair value.

5 0
3 years ago
Your career goals might help determine the postsecondary educational institute you attend.
s344n2d4d5 [400]
I believe that it does help determine that because if you want to be a teacher then 9 times out of 10 you go to a college to be a teacher and get your degree.
7 0
3 years ago
Read 2 more answers
The Berne Conventions provides for international protection of copyrights.<br><br> True<br> False
kolezko [41]
False thank me later guys :)
8 0
1 year ago
Other questions:
  • Suppose an increase in the price of rubber coincides with an advance in the technology of tire production. As a result of these
    15·1 answer
  • Receivables might be sold to
    10·1 answer
  • The slope of a demand curve is not used to measure the price elasticity of demand because
    11·1 answer
  • Net worth is the amount you owe creditors.<br> a. True<br> b. False
    8·1 answer
  • When fraud examiners investigate a bankruptcy or divorce resulting from fraud, where do they focus?
    10·1 answer
  • The Green Leaf Tea Company labels and categorizes its tea before distributing it to customers. The highest grades are referred t
    5·2 answers
  • Of customers who register a complaint, ________. all will do business with the company again because they are unwilling to dedic
    13·2 answers
  • You are a recent college graduate who has just landed your first job. The company that hired you has
    15·1 answer
  • organizations use estimated overhead rates, instead of actual cost, to apply overhead cost to work in porcess because that metho
    7·1 answer
  • What is equilibrium in econ
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!