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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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LeBlanc Inc. currently has earnings of $10 per share, and investors expect that the earnings per share will grow by 3 percent pe

ki77a [65]

Answer:

Stock Price of LeBlanc in four years = $37.517

Explanation:

Dividend Discount model is as follows:

$P_4 = \frac{D_5}{K_e - g}$

Where,

$P_4$ = Price of share at end of four years

$D_5$ = Dividend to be paid at end of 5th year

$K_e$ = return on equity or cost of equity

g = growth rate

Now we have the information as follows:

Dividend at 5th year end = ((($3 per share + 3%) + 3%) + 3%) +3% = 3.765

Cost/ Return on equity = 12%

Growth rate = 3%

Therefore price = $\frac{3.3765}{0.12 - 0.03}$

= $\frac{3.3765}{0.09}$

Stock Price of LeBlanc in four years

= $37.517

8 0

3 years ago

Cinnamon Toast Crunch cereal and Trix cereal are considered substitute goods. Because of this, one would predict that, holding a

zvonat [6]

As Crunch cereal and Trix cereal are substitute goods, then, if the price of Crunch cereal increases, then, we would see that the demand curve for Trix cereals will shift to the left

<h3>What causes demand curve to shifts to left? </h3>

In economics, when the demand curve shifts to the left it means that determinant causes demand to drop and less of the good or service is demanded.

In conclusion, if the price of Crunch cereal increases, then, we would see that the demand curve for Trix cereals will shift to the left

Read more about demand curve

<em>brainly.com/question/1979620</em>

7 0

2 years ago

Carrejo Corporation has two divisions: Division M and Division N. Data from the most recent month appear below:

ivann1987 [24]

Answer:

Break-even point (dollars)= $219,656

Explanation:

Giving the following information:

Division N

Sales= $223,000

Variable expenses= 86,970

Contribution margin= 136,030

Traceable fixed expenses= 105,000

Segment margin= 31,030

Common fixed expenses= 28,990

To calculate the break-even point in dollars for Division N, we need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

contribution margin ratio= (sales - variable costs) / sales

Break-even point (dollars)= (105,000 + 28,990) / (136,030/223,000)

Break-even point (dollars)= $219,656

4 0

3 years ago

Help please!!

Vanyuwa [196]

Answer:

Explanation:

it specializes in that department

6 0

3 years ago

Read 2 more answers

Which of the following conditions ensures that excess profits cannot persist in a perfectly competitive market over the long run

konstantin123 [22]

Answer:

Ease of entry into the market

Explanation:

A perfect competition is characterised by many buyers and sellers of homogenous goods and services.

In the long run, perfect competition make zero economic profit because if firms are making economic profits in the short run , new firms would enter into the industry in the long run. This is made possible because of the ease of entry into the market.

I hope my answer helps you

3 0

3 years ago