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3 years ago

Assume the equilibrium price for a good is $10. If the market price is $5, a:_____________

Business

1 answer:

stellarik [79]3 years ago

6 0

Answer:

c. Shortage will cause the price to rise toward $10

Explanation:

c. Shortage will cause the price to rise toward $10

The equilibrium price is $10 this any price below the equilibrium price will create a shortage in the market because at price lower than equilibrium price, the demand is greater than the supply. Thus, shortage will push the prices upwards or towards equilibrium price.

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Chan has been happily married to Mei Lin for the last five years and is very secure in their relationship. Over the last year, h

Alisiya [41]

Answer:

Respect

Explanation:

At the fourth level in Maslow´s hierarchy, is the need for respect.

When the needs at the bottos have been satisfied, the esteem needs begin to play a more prominent role in motivating behavior. The first three steps in the maslow hierarchy are: physiological, safety and love.

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3 years ago

Marginal revenue for a monopolist is computed asa.average revenue times quantity divided by price.b.total revenue divided by qua

aksik [14]

Statement that explains Marginal revenue and it can be computed for a monopolist is C:sold.c.change in total revenue per one unit increase in quantity sold.

Marginal revenue can be regarded as central concept in microeconomics which focus on additional total revenue that us been gotten by increasing product sales by 1 unit.

In monopolist,it can be computed by change in total revenue with respect to a unit increase that is been sold.

Therefore, option C is correct.

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2 years ago

rabapples, Inc. purchases and sells boxes of dried fruit. The following information summarizes its operating activities for the

pantera1 [17]

Answer:

$40.875

Explanation:

Given that,

Selling Expenses = $ 9,600

Merchandise Inventory on December 31 = 33,000

Merchandise Inventory on January 1 = 47,000

Purchases of merchandise = 83,500

Rent for store = 12,100

Sales commissions = 7,300

Sales revenue = 168,500

Cost of goods sold:

= Beginning merchandise inventory + Merchandise purchase - Ending merchandise inventory

= $47,000 + $83,500 + $33,000

= $163,500

If Crabapples sold 4,000 boxes of dry fruit during the year, then the cost per box of dry fruits is:

= Cost of goods sold ÷ Number of boxes sold

= $163,500 ÷ 4,000

= $40.875

3 0

3 years ago

What type of body language are helpful when saying no to a situation

Roman55 [17]

Not slouching. having good eye contact. have good hand gestures.

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3 years ago

Explain why most trade occurs because of comparative advantage. Be sure to provide examples from the data tables or from the les

Murljashka [212]

Most trade is due to the comparative advantage of an organization's ability to produce a good or service with lower marginal cost and opportunity cost.

As an example, we can cite trade between Africa and the United States, where Africa markets agricultural products such as corn and citrus to the US, and the US markets technological products such as computers to Africa.

Therefore, companies will use comparative advantage to acquire goods and services at lower prices than other competitors.

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3 years ago