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DedPeter [7]
3 years ago
14

In Poland's free-market, Felix Siemienas is making a fortune in cold cuts. Prices are much higher than formerly. Siemienas says,

"Yes, my prices are high. If nobody buys, I bring my prices down. That is the market rule." This "rule" best describes
Business
1 answer:
rjkz [21]3 years ago
3 0

The correct answer would be, The Law of Demand.

Prices are much higher than formerly. Siemienas says, 'Yes my prices are high, if nobody buys, i bring my prices down. This is the market rule'. This rule best describes The Law of Demand.

Explanation:

In the field of economics, there are two basic concepts of Demand and Supply.

According to The Law of Demand, When the price of the good or service increases, the demand for that product or service decreases, and if price of the good or service decreases, the demand for that product or service increases, keeping all other factors constant.

So this is what Siemienas says that if the demand for his product will decrease, he will decrease the price of the product in order to maintain the sales of his company.

Learn more about The Law of Demand at:

brainly.com/question/1222851

#LearnWithBrainly

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The Production Department of Hruska Corporation has submitted the following forecast of units to be produced by quarter for the
Brut [27]

Answer:

$258,530

Explanation:

1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Years

Units to be produced 10400 9400 11400 12400 43600

labor hour per unit 0.25 0.25 0.25 0.25 0.25

Total hours required 2600 2350 2850 3100 10900

Variable overhead per unit 1.70 1.70 1.70 1.70 1.70

Total variable overhead 4420 3995 4845 5270 18530

Fixed overhead 84000 84000 84000 84000 336000

Total manufacturing overhead 88420 87995 88845 89270 354530

Less: Depreciation 24000 24000 24000 24000 96000

Cash disbursement for manufacturing overhead 64420 63995 64845 65270 258,530

Therefore the company’s total estimated direct labor cost for each quarter of the upcoming fiscal year and for the year as a whole will be $258,530

5 0
3 years ago
Cory opens a small jewelry store but has difficulty competing with Bling Jewels, a much larger firm. In his newspaper ad, Cory i
Daniel [21]

Answer:

The answer is Slander of title

Explanation:

Slander of title occurs when false and malicious written or spoken public statement about an individual's ownership of property that causes harm.

8 0
3 years ago
The reserve requirement is 15 percent. Lucy deposits $600 into a bank. By how much do excess reserves change
Hatshy [7]

Answer:

$510

Explanation:

Calculation for By how much do excess reserves change

Using this formula

Change in excess reserve= Bank Deposits-(Reserve requirement*Deposit)

Let plug in the formula

Change in excess reserve=$600-($600*15%)

Change in excess reserve=$600-$90

Change in excess reserve=$510

Therefore By how much do excess reserves change is $510

7 0
3 years ago
Using a $ sign before a column label ________.
Licemer1 [7]

Answer:

The alignment of the choices are off but here's the explanation for solving this question below;

Explanation:

Using a $ sign before a column label, keeps the reference to column fixed,

but allows the row reference to change. Generally, putting a dollar sign ($) before a column label or row label  puts an absolute reference to that respective column or row while keeping the other changing. For example;

In $C5, "C"  is the column reference while "5" is the row reference. Because there is $ sign before C, that column  will be fixed and the row will change

6 0
3 years ago
Which of the following are NOT needed to calculate cost of goods sold
jenyasd209 [6]
Option c is correct.
5 0
3 years ago
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