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Anna35 [415]
3 years ago
12

The derived demand for an input will rise when it is highly productive in ______. Multiple select question. increasing the costs

to produce a product producing a highly valued commodity reducing the costs to produce a product producing a minimally valued commodity
Business
1 answer:
Step2247 [10]3 years ago
4 0

Answer:

Tt is highly productive in reducing the costs to produce a product.

 it is highly productive in producing a highly valued commodity.

Explanation:

A product has derived demand If its demand is dependent on the demand for other products.

For example, there would be no need to demand for labour if no one demands for goods.

The derived demand for a good will increase if it reduces the price of the product and if it is important in the production of a good

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Ralph purchases a porch swing and is assured by the salesperson that it can safely support an adult and hold up to 200 pounds. T
umka21 [38]

Answer:

The best answer is "D"

Explanation:

Jessica will not prevail in her product liability suit under a theory of misrepresentation.

The key to recovery on the basis of misrepresentation is the plaintiff's ability to prove that he relied upon the representations that were made and for Jessica she is a little more the 200 pound mark.

4 0
3 years ago
Read 2 more answers
Wellington Company reported net income of $60,000 in 2017 and $80,000 in 2018. However, ending inventory was overstated by $7,00
olchik [2.2K]

Answer:

2017 Net Income = $53000

2018 Net Income = $87000

Explanation:

The overstatement of ending/closing inventory causes the Cost of Goods Sold (COGS) to be understated and the Gross and Net profit to be overstated by the same amount.

If the 2017 ending inventory was iverstated by $7000, the correct profit figure for 2017 will be $7000 less than is reported.

2017 correct Net Income = 60000 - 7000 = $53000

An overstatment of ending inventory in one year also means and overstatement of opening inventory of the next year. Thus, the 2018 opening inventory is overstated by $8000 and an overstatement of opening inventory means an overstatement of COGS and an understatement of Gross and Net Income by the same amount.

Thus, the correct Net Income for 2018 = 80000 + 7000 = $87000

6 0
3 years ago
The following information is available for Cubic Company before closing the accounts. After all closing entries are made, what w
AysviL [449]

Answer:

Option (a) is correct.

Explanation:

Given that,

Net income = $112,700

Retained earnings = $108,000

Dividends = $40,000

After all closing entries are made,

The balance in the Retained earnings account is as follows:

= Retained earnings + Net income - Dividends

= $108,000 + $112,700 - $40,000

= $180,700

Hence, the balance in the retained earnings account is $180,700.

4 0
4 years ago
The equivalent annual cost method is useful in determining: Multiple Choice the operating cash flow for mutually exclusive proje
Evgesh-ka [11]

Answer:

which one of two machines should be purchased when the machines are mutually exclusive, have differing lives, and will be replaced at the end of their lives.

Explanation:

The Equivalent annual cost would be used for different reasons such as capital budgeting but the important purpose is that it is usedfor analyzing two or more expected projects having different  time period , in which the costs are the most relevant variable.

So according to the given situation, the above represent the answer and the same would be considered  

6 0
3 years ago
When a reduction in the price of a good allows a consumer to purchase more of all goods, this effect is called the a. elasticity
kogti [31]

Answer:

The correct answer is b. income effect.

Explanation:

The income effect describes how the change in the price of a good can change the quantity that consumers will demand of that good and related goods, based on how the price change affects their real income.

7 0
4 years ago
Read 2 more answers
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