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alexdok [17]
3 years ago
14

. Demand curves slope (direction) _______________ because: _________________________________________.

Business
1 answer:
lina2011 [118]3 years ago
8 0

Answer:

The correct answer to he following question is that demand curve is downward sloping, which is moving from left to right.

Explanation:

The demand curve slopes downward because of many reasons like -

1) diminishing marginal utility - according to which if as a consumer goes on consuming more and more units of product, then with each additional unit consumed the satisfaction level goes on decreasing.

2) Income effect - suppose if a persons income level increases he or she will buy more product, which means demand goes up and vice versa will also be true.

3) Substitution effect - As we know that there is inverse relation or negative cross price elasticity between substitute goods, so if price of good A increases then the Demand for good B increases.

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The Baldwin company wants to decrease its plant utilization for Bold by 15%. How many units would need to be produced next year
Bogdan [553]

Answer:

1575 units would be needed to be produced next year to meet this production goal.

Explanation:

plant utilization after decrease = 105% - 15%

                                                   = 81%

let the number of units produced be Y

plant utilization = units produced/plant capacity

                81%   = Y/1750 units

Y  = 1575 units

Therefore, 1575 units would be needed to be produced next year to meet this production goal.

4 0
3 years ago
Illiquid currencies tend to exhibit ________ volatile exchange rate movements, as the equilibrium prices of their currencies adj
Sunny_sXe [5.5K]

Answer:

B) More; even minor

Explanation:

Illiquid (or exotic) currencies are foreign currencies that are not generally traded in exchange markets. They trade at very low volumes and are usually extremely volatile since both the demand and supply is very limited. Since there are very few suppliers and consumers of exotic currencies, any additional transaction can result in large changes in their value.

3 0
3 years ago
Why is it important for businesses to recognize secondary stakeholder groups?
arsen [322]
The answer to this question is letter e, they have legitimacy and can exert power. For the secondary stake holders in business are also considered to be important for they have the ability to control those around them in the are of business as they hold a power in which they could use to control them. Another factor is that they are valid and vital in the area of business to keep it from going.
4 0
3 years ago
If a family spends its entire budget in a given time frame, the family can afford either 14 outings or 24 household items. Assum
AURORKA [14]

Answer:

1.71 household items

Explanation:

In this question, we learn that the family will only consume two goods: outings and household items. The family can either have access to 14 outings or 24 household items. This means that:

opportunity cost of 14 outings = opportunity cost of 24 household items

Therefore,

opportunity cost of 1 outing = 1.71 household items

6 0
4 years ago
The following is a partially completed lower section of a departmental expense allocation spreadsheet for Brickland. It reports
Alik [6]

Answer:

$6,400

Explanation:

Re-write the Question for Easier Understanding

Purchasing   Maintenance   Fabrication  Assembly

$32,000        $18,0000         $96,000       $62,0000

 (No of Purchase Orders)     16                     4

 (Sq Foot of Space)                  3,300               2,700

Find:

Amount of Purchasing Department Expense to be allocated to Assembly.

  • The Question clearly states that Purchasing Department's expenses are allocaated based on the Operating Department's Purchase Order
  • Since total Purchase Order is 20 and Assembly's purchase order is 4
  • Assembly's allocation of Purchasing Expense= Assembly's Purchase Order/ Total Purchase Order × Purchase Department Expense

=Total Purchase Order= Fabrication (16) + Assembly (4)= 20

=Purchase Order for Assemby= 4

=Purchasing Department Expense= $32,000

  • =(4/20)× $32,000
  • =0.2 × $32,000
  • = $6,400

8 0
3 years ago
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