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Ber [7]
3 years ago
7

What does it mean to have a shortage of goods?

Business
1 answer:
ohaa [14]3 years ago
3 0
It basically means that a store doesn't have alot in Stock mostly food. so if your grocery store was running out of canned corn and chips etc. they would have a shortage of goods
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How much profit is this monopolist earning? You may use this formula when solving the question: Profit = Total Revenue − Total C
WITCHER [35]

Answer: $320

Explanation:

The Profit as the question shows is the Total Revenue less the total cost.

Total Revenue.

This will be the amount of goods sold multiplied by the price they are sold at.

The monopolist maximises output where Marginal Revenue equals Marginal Cost which from the graph is 4 units.

The price they sell at is the intersection of this quantity with the demand curve which is at $120.

Total Revenue = Units Sold * Price

= 4 * 120

= $480

Total Cost

The total cost will be the average cost per unit multiplied by the number of units sold. The relevant average cost is the cost associated with the maximised out of 4 units which according to the graph is $40.

= Average cost * number of units

= 40 * 4

= $160

Profit = 480 - 160

= $320

4 0
3 years ago
Katy, a manager, is evaluating her team members by rating them from best to worst. This rating is based on their overall perform
grin007 [14]

Answer:

a.The simple ranking method.

Explanation:

From The given scenario is based on the simple Ranking method which is the simplest method of Appraisal under which every employee is compared with the others and ranked from best to worst.

4 0
3 years ago
Shamrock Company's accounts receivable arising from sales to customers amounted to $142000 and $124000 at the beginning and end
aleksandr82 [10.1K]

Answer:

$557,000

Explanation:

Operating activities: It includes those transactions which affect the working capital. It means that the increase in current assets and a decrease in current liabilities would be deducted and a Decrease in current assets and an increase in current liabilities would be added.  

The computation is shown below:

= Income reported on the income statement + decrease in account receivable

= $539,000 + $18,000

= $557,000

The decrease in account receivable

= $142,000 in beginning of the year - $124,000 in end of the year

= $18,000

8 0
3 years ago
Merchandise inventory is classified on the balance sheet as a
daser333 [38]

Answer:

Merchandise inventory is classified on the balance sheet as a current asset.

Explanation:

Merchandise inventory refers to the price of products that are available for sale and they are classified as a current asset.

Current assets are the cash and the other assets that can be turn into cash within a year, like inventory as there is a good opportunity that the products are sold in that period which makes inventory to be included in the current assets on the balance sheet.

6 0
3 years ago
The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them ar
yuradex [85]

The types of quasi-contractual terms with which employees view what they owe their employer and what their employer owes them are referred to as Contractual agreement.

What is Quasi-contract terms?

  • When there is a dispute between the parties and there was no initial agreement between them, the court may construct an out-of-order contract. This contract has the obligation to prevent one party from unfairly benefiting at the expense of the other parties. This circumstance is known as a quasi-contract.
  • A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract.
  • A court enacts it to address a situation where one party gains something at the expense of the other.
  • A retroactive agreement between two parties with no prior contractual responsibilities is known as a quasi contract. A court enacts it to address a situation where one party gains something at the expense of the other.

To know more about Quasi-contract visit:

brainly.com/question/27993061

#SPJ4

5 0
2 years ago
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