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ELEN [110]
3 years ago
6

If the supply of a good increased, what would be the effect on the equilibrium price and quantity?

Business
1 answer:
kakasveta [241]3 years ago
5 0

Answer:

An increase in supply, all other things unchanged, will cause the equilibrium price to fall; quantity demanded will increase. A decrease in supply will cause the equilibrium price to rise; quantity demanded will decrease.

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Define the term market system.
crimeas [40]
I'm sorry but is it market system/market economy
5 0
3 years ago
the fixed cost of producing wedding cakes is $10,000 per month. the variable cost for producing 10 wedding cakes per month is $1
Alex

The fixed cost of producing wedding cakes is <u>$10,000 </u>per month. The variable cost for producing 10 wedding cakes per month is <u>$12,000</u>. The average cost of producing 10 wedding cakes per month is <u>$2,200</u>.

The average fixed cost curve associated with a given level of output decreases as output expands. The total product produced by a firm for each level of output or unit of input used. Fixed costs include rent building or machinery. Variable costs are plant products water and seeds.

Fixed costs do not change as the firm changes levels of production. Rent price salary. Variable costs change according to the company's production volume. Fuel costs wage raw materials and parts. The cost of goods sold to trading companies directs materials direct labor costs variable components of manufacturing overheads sales and administrative expenses such as handling and shipping costs.

Learn more about Fixed costs here:- brainly.com/question/3636923

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8 0
7 months ago
Ken's Car Repair uses a 35.00% material loading charge and a labor rate of $23.00 per hour. How much will be charged on a job th
Art [367]

Answer:

the amount charged on a job is $401.50

Explanation:

The computation of the amount charged on the job is shown below:

The Amount to be charged is

= Material Loading Charge + Labor Charge + Materials Cost

= 35% × $110 + $23 Per Hour × 11 Hours + $110

= $38.50 + $253 + $110

= $401.50

Hence, the amount charged on a job is $401.50

We simply applied the above formula so that the correct value could come

And, the same is to be considered  

4 0
2 years ago
ppreciation of the euro relative to the U.S. dollar will cause a U.S.-based MNC's reported earnings (from the consolidated incom
Tems11 [23]

Answer:

Decrease or fall, Purchasing

Explanation:

Appreciation is the term which is defined as the increase in the currency value relative to the another currency, which could be exchanged for a huge amount of foreign currency.

So, when there is appreciation in euro in relation to US dollar, it cause US grounded MNC reported earnings to decrease as the US dollar will not be exchanged because euro is appreciated.

And when the firm desire to reduce the exposure to the exchange rate movements, it might stabilize the reported earnings through purchasing the euros in the foreign exchange market.

6 0
3 years ago
When managers disregard ethical concerns, the likely result is:?
sergeinik [125]
The most likely result is that there would be a general mistrust because they are disregarding what you need.
5 0
3 years ago
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