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3 years ago

Which of these events would indicate a movement along a supply curve for batteries? (SSEMI22

Business

1 answer:

Marysya12 [62]3 years ago

3 0

Answer:

C. The price of eight AA batteries increases from $3.50 to S3.95 a set.

Explanation:

A product's price change is the sole reason for movement along the supply curve. The supply curve demonstrates the relationship between the price and the supply of a product. As per the law of supply, suppliers will supply more at higher prices.

A supply curve shows the volume that supplies will be ready to supply at different prices. An increase or decrease in price will cause the quantity of supply to change, as indicated by movement along the supply curve.

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Consider the following information for a simultaneous move game: If you charge a low price (LP) and your rival charges a LP, you

alex41 [277]

Answer:

The correct answer is the option A: For each firm charge LP.

Explanation:

To begin with, the theory called ''Nash Equilibrium'' in the field of economics, refers to a type of equilibrium in an imperfect competition market that shows the situation where two or more competitors of a same good can choose how much of that good to produce and at what price charge it in order to obtain the maximun benefit as possible in the case that all the competitors are familiar with the other competitors' strategies and results but do not know what strategy every competitor might choose.

To continue, in the case presented above, the nash equilibrium for each firm is to charge low price due to the fact that if one company charges high price and the other decides to charge low price then the first company will lose a big amount of money instead of the case where both charges low price.

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3 years ago

The following monthly data are available for Waterway Industries. which produces only one product: Selling price per unit, $54;

o-na [289]

Answer:

Margin of safety= 950 units

Explanation:

First, we need to calculate the break-even point in units:

Break-even point in units= fixed costs/ contribution margin per unit

Break-even point in units= 42,000 / (54 - 14)

Break-even point in units= 1,050

Now, the margin of safety in units:

Margin of safety= (current sales level - break-even point)

Margin of safety= 2,000 - 1,050

Margin of safety= 950 units

8 0

3 years ago

Which of the following is a disadvantage of government provision of a public good? A. The private sector can provide all public

sleet_krkn [62]

Answer: Option (C) is correct.

Explanation:

Correct option: The government lacks information about what people are willing to pay for the good.

The government have less information about the willingness to pay of the consumers. So, this creates an obstacle for the government for a efficient provision of a public good.

So, the government have no clue about the minimum that a consumer can pay, this will lead to create problem for the government.

Government don't know to whom these public goods are to be provided.

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3 years ago

Which benefit typically costs an employer the most to provide?

never [62]

Idek But you can help me right

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3 years ago

The rationale behind related diversification is to

GrogVix [38]

A large conglomerate is deciding on the range of new products and services it can offer to its customers to further expand its operations. This decision determines the firm's

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3 years ago