The market-clearing price for cantaloupes is the price at which the quantity supplied equals the quantity demanded. If the market price is too high, then there is a surplus. If the market price is too low, then there is a shortage.
A market-clearning price is defined as the price of a good or service where the quantity supplied is equal to the quantity demanded. Since this is the definition, it explains the pricing that is set and demanded for the cantaloupes. A surplus is when there are left over amounts of a good or service after those in demand are taken care of. A shortage happens when there is not enough of something that is being demanded.
Answer:
RETAINED EARNINGS = $364,700
Explanation:
Retained earnings are nothing but the profit that a corporation earns up to a specific date. In the question we have been given the retained earnings of the previous year ( 31 December, 2013) and we have to calculate the retained earnings for the present year (31 December, 2014). For this calculation would be like -
RETAINED EARNINGS ( 2013) - $340,800
+
NET PROFIT - $56,500
-
DIVIDEND PAID - $32,600
RETAINED EARNINGS (2014) = $340,800 + $56,500 - $32,600
= $364,700
Answer: B. Provide information, analysis, and advice that is sound, reliable, and unbiased
Explanation: To improve the objective aspect of Lazar's work, he should consider the following;
1. Provide information analysis
2. provide advise that are sound reliable and unbiased.
A combination of the above will improve his work objective, this can also helped in presenting a sound presentation.
One method on optimizing a function is by finding the absolute extrema. It is done by having the optimal values continuous including the including the endpoints. I hope my answer has come to your help. God bless and have a nice day ahead!<span>
</span>
Answer:
The correct answer is option B.
Explanation:
An influx of new firms in the market would result in an increase in the supply in the market as a whole. With a rightward shift in the market supply curve, the price level will decline. The market share of each firm in the market will decline. With the reduction in price, Sammie will reduce supply or in other words cut back the number of shoes he shines.