All categories

3 years ago

An increase in supply: (2)

Business

1 answer:

Dafna11 [192]3 years ago

3 0

Answer:

A). Indicates that more is supplied at higher prices.

Explanation:

As per the law of supply, an increase in supply would signify that 'the firms are willing to sell more goods at a higher price' because they can make more profit now as compared to the supply at a lower price. <u>The supply and price of a normal good have a positive association and therefore, an increase in price stimulates the supply as well</u>. However, there are certain other factors responsible for the increase in supply like a fall in costs of production, an increase in the number of producers in the market, etc yet among the given options, the first one asserts a true claim. Thus, <u>option A</u> is the correct answer.

You might be interested in

Assume the world market for oil is competitive and that the marginal cost of producing another barrel of oil is $79.40 and the m

Alona [7]

Answer:

b. Increase by $2.20

Explanation:

Economic Surplus is the total benefit to society from production.

If an additional unit is produced the additional cost will be $79.40 and it will the additional benefit of $81.60.

So the surplus = benefit - cost = $81.60 - $79.40 = $.2.20

They are marginal quantities (change made by additional unit) so everything has been taken into account for the deriving of change to surplus.

3 0

3 years ago

Ji-woo has a new credit card. She wants to use it for online shopping. What are three things that make this a poor choice

antoniya [11.8K]

1. Paying her bill late( messes up your credit score)
2. Overspending ( self-explanatory)
3. Using her credit card on unknown website( increases risk of fraud)

6 0

3 years ago

What is a philosophy that aggressively seeks to improve product quality by eliminating causes of product defects and making qual

rodikova [14]

Answer:

Business Process Re-engineering is business philosophy that seeks to improve product by eliminating causes of product defects and making quality an all-encompassing organizational watchword.

Hence A is correct

Explanation:

It is an holistic approach to rearranging business and organisation's workflows with a view to identifying sub-optimization and inefficiencies that are deep-rooted in its processes which are cost-consuming but do not add value to business bottom-line(profitability).

Implementing a BPR project is a painstaking effort in that it is a way of telling employees to dump old ways of doing of things which they are probably more comfortable with and embrace change.This is the case as an average human tends to resist change.

3 0

3 years ago

The Nelson Company's radio division currently is purchasing transistors from the Charlotte Co. for $3.50 each. The total number

8_murik_8 [283]

Answer:

The correct answer is C.

Explanation:

Giving the following information:

The Nelson Company's radio division currently is purchasing transistors from the Charlotte Co. for $3.50 each. The total number of transistors needed is 8,000 per month. Nelson Company's electronics division can produce the transistors for a cost of $4.00 each and they have plenty of capacity to manufacture the units. The $4 is made up of $3.25 in variable costs, and $0.75 in allocated fixed costs.

Because there is unused capacity, we will not have into account the fixed costs.

Unitary cost= $3.25

It is more convenient to produce in house. The indifference price is $3.50.

6 0

4 years ago

A 4PL, commonly referred to as a lead logistics provider, is a trucking company that also provides tracking servicesa) true b) f

gregori [183]

Answer:

False

Explanation:

4PL is the term used for fourth party logistics. It has nothing to do with a truck company. Rather it refers to the party of logistics services provider who provides the services in which it further takes the charge of goods from 3rd party of logistics service provider.

It not only delivers the goods but rather provides the entire facility of storage and care in the entire process.

This basically is not a function of trucking company, but a company which manages the goods transportation in complete sense. It even includes insurance during transportation many times.

3 0

3 years ago