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3 years ago

Which of the following most accurately explains why the supply curve for a good slopes upward to the right?

Business

1 answer:

goldenfox [79]3 years ago

3 0

Answer:

c. There is a direct relationship between a good’s price and the amount offered for sale by suppliers.

Explanation:

According to the law of supply concept, it shows a direct relationship between the price and the quantity supplied.

As the price is rising, the quantity supplied also increases and if the rice is declining, the quantity supplied is also decreases

Since the supply curve slopes upward in the right direction which reflects the direct relationship between the price and the quantity supplied.

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John and Sally Claussen are considering the purchase of a hardware store from John Duggan. The Claussens anticipate that the sto

Marina CMI [18]

Answer:

Explanation:

Calculate maximum that should pay:

Compute present value of cash flows from the store, year 1 to 5 :

Annual cash flows are $70,000

Desired rate of return on investment for 1 to 5 years is 7%

Number of years is 5

Present value of cash flows generated during 1 to 5 years =

= $287,013.82

Compute present value of cash flows from the store for years 6 to 10

Annual cash flows are $70,000

Desired rate of return on investment for 6 to 10 years is 10%

Desired rate of return on investment for 1 to 5 years is 7%

Number of years is 5

Present value of cash flows generated during 6 to 10 years = annual cash flows x PVIFA (10%,5) x PVIF (7%,5)

= $70,000 x 3.79079 x 0.7130 = $189,198.33

Compute present value of cash flows from the store for years 11 o 20

Annual cash flows are $70,000

Desired rate of return on investment for 11 to 20 years is 12%

Desired rate of return on investment for 6 to 10 years is 10%

Desired rate of return on investment for 1 to 5 years is 7%

Number of years is 10

Present value of cash flows generated during 11 to 20 years = [annual cash flows x PVIFA (12%,10)] x PVIF (10%,5) x PVIF (7%,5)

= $70,000 x 5.65022 x 0.62092 x 0.7130 = $175,100.98

Calculate present value of estimated sale amount to be received for sale of store

Present value of estimted sale amount to be received = [Estimated sale amount x PVIF (12%,10)] x PVIF (10%,5) x PVIF (7%,5)

=$400,000 x 0.32197 x 0.62092 x 0.7130=

=$57,016.50

Calculate total maximum amount that should be paid

Particulars Amount ($)

Present value of cash flows during 1 to 5 years $287,013.82

Present value of cash flows during 6 to 10 years $189,198.33

Present value of cash flows during 11 to 20 years $175,100.98

Present value of estimated sale value $57,016.50

Maximum amount that C should pay to JD for store $708,329.63

Therefore, Maximum amount that should be paid $708,329.63

4 0

3 years ago

Ralph agrees to lease an apartment from Susan for one day to see Thomas, the president of the United States, deliver a speech in

Reptile [31]

Answer:

A, discharged

Explanation:

Since the speech to be seen is cancelled well ahead of the due date, then the contract between Ralph and Susan is discharged. There is no more speech to listen to and as such Susan can have her apartment back.

Cheers.

5 0

3 years ago

Imagine a hypothetical economy with a population of 100 people, 80 of which over sixteen. Forty eight of these people who are wo

Ainat [17]

Answer:

a) unemployment rate = 15

b) unemployment rate = 2.5

Explanation:

unemployed people are those who are willing and available to work and have actively been seeking a job in the past four weeks. This accurately describes the 12 people who are willing, able and looking for work but cannot find jobs. To calculate the unemployment rate in percentage, the following formula is used:

$unemployment\ rate = \frac{number\ of\ unemployed}{labour\ force} \times 100\\$

Where:

a) Number of unemployed = 12

Labour force = 80 (number of people over 16 years of age)

$\therefore unemployment\ rate = \frac{12}{80} \times 100 = 0.15 \times 100 = 15\\$

b) if 10 of the unemployed people get discouraged and give up looking for work, the number of unemployed becomes 2 persons, (12 - 10 = 2).

$\therefore unemployment\ rate = \frac{2}{80} \times 100 = \frac{200}{80} = 2.5$

6 0

3 years ago

Since commercial finance companies offer loans to higher-risk customers than commercial banks, the interest rates they charge ar

Bas_tet [7]

Answer:

The correct answer is (A)

Explanation:

Commercial finance is another way to generate funds, but they come with certain drawbacks compared to commercial banks. Commercial finance usually give loans to customers who are interested in more risky investments. The interest they charge is usually higher which can only be paid if a client invests in riskier investments to earn higher returns.

3 0

3 years ago

Michael receives a monthly salary of $2500 plus a commission of 2% of total orders written. If his orders for the month were $34

Bumek [7]

Answer:

$3,180

Explanation:

Monthly salary would be the base salary = $2500

Since he would earn 2% of all orders, calculate the dollar value of the commission when total orders amount to $34000;

Commission = 2% *34000 = $680

His total pay would be calculated by adding the base salary to the commission amount;

Total pay = base salary + commission

Total pay = $2500 + $680

Total pay = $3,180

7 0

3 years ago