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olga_2 [115]
3 years ago
9

As the price of a resource decreases, _____. a. the supply of that resource increases b. producers are more willing and able to

hire that resource c. the demand for the final product produced by the resource decreases d. producers are less willing and able to hire that resource e. the quantity demanded of that resource decreases
Business
1 answer:
solmaris [256]3 years ago
6 0

Answer:

b. producers are more willing and able to hire that resource

Explanation:

In production resources are defines as various inputs in the production process of a product.

It contributes to the final product that a consumer buys and they have their various costs which are used to obtain their use.

So when the price of a resource decreases, it means that the cost of production also decreases.

There is now more outlay of cash that can be used hire that resource.

Producers are able to produce more of the final product so supply increases.

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Knowledge Check 01 On February 13, a jewelry store sells an engagement ring with a sales price of $10,000 to a nervous young man
WARRIOR [948]

Answer:

Date      Account Title         Debit        Credit

Feb 13    Cash                 $10,975  

                  Sales                                  $10,000

            Sales Tax Payable          $975

             (10000 * 9.75%)

5 0
3 years ago
Compute predetermined overhead rates and explain why estimated overhead costs (rather than actual overhead costs) are used in th
Crazy boy [7]

Why estimated overhead costs (rather than actual overhead costs) are used in the costing process is explained below.

A predetermined cost is an expenditure that a company estimates ahead of time.

This cost is calculated prior to the purpose of production and includes all variable costs that affect production in a manufacturing business.

Actual overhead costs are difficult to calculate for each job, especially in a production environment with a large number of jobs.

As a result, overhead costs are allocated according to some standardized methods, which may link overhead costs to direct labor, machining time, and material used in each job.

Manufacturing overhead in a manufacturing organization refers to indirect costs that are required for production but cannot be traced back to individual products.

Machine depreciation and factory rental are two examples of manufacturing overhead costs.

Hence, computation of predetermined overhead rates is given above.

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6 0
2 years ago
Caracteristicas profesionales de un instructor
7nadin3 [17]

Answer:

Un instructor es un profesional cuya tarea es la de, como su nombre lo indica, instruir a otras personas respecto de la realización de una actividad, arte o tarea determinada.

Así, por ejemplo, existen instructores de diversas actividades, como vuelo, buceo, entrenamiento personal, etc., los cuales enseñan a las personas a realizar su actividad, supervisando su performance y corrigiendo sus errores, para formar así personas idóneas en el arte o actividad que el instructor domina.

4 0
3 years ago
Which type of economy features a direct exchanges of goods or services without the use of money?
gayaneshka [121]

The answer is BARTER or TRADE

7 0
4 years ago
Read 2 more answers
Suppose Jane has chosen a combination of two goods, A and B, such that MU/P of good A is 10 (MUA/PA = 10), and the MU/P of good
Aneli [31]

Answer:

Option D.

Explanation:

A rule for maximizing utility  is that if an individual wants to maximize total utility, for every dollar that is spent, he/she should spend it on the commodity that yields the greatest marginal utility per dollar of expenditure.

In the scenario presented above, we can see that the marginal utilities per dollar for both commodities that Jane consumes are equal, therefore she can neither increase or decrease spending on any particular commodity in order to increase or decrease its marginal utility, this is because she gets an equal amount of marginal utility from both commodities.

Therefore, with the same amount of money, Jane cannot increase utility.

5 0
3 years ago
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