Making a line for ur chart i'm guessing
Based on the graph that shows the change in the market for bicycles, the statement that explains the graph is The demand for bicycles increased due to news about the health benefits of exercise. The market price & quantity increased.
<h3>Which statement explains the supply and demand graph?</h3>
The question is not complete as the graph is not given. However, an answer can be formulated based on the laws of demand and supply.
The most likely option to be true is that the demand for bicycles increased due to news about its health benefits and then this led to the market price and quantity increasing.
This is because the increased demand for the bicycles would have drove the prices up. This would then have inspired suppliers to produce more bicycles thereby increasing bicycle quantity as well.
Find out more on demand increasing at brainly.com/question/4371942
#SPJ1
Answer:
The correct answer is letter "C": marginal thinking.
Explanation:
Marginal Cost of Production is an economic term that refers to the change in production costs resulting in producing one more unit. It is most often used within manufacturers as a means of identifying an optimum production level. The formula to calculate the cost of production is the change in total production cost divided by the change in total quantity produced.
As Marie is analyzing the extra benefit and cost of buying one more banana, economists would say she is performing "<em>marginal thinking</em>".
Answer:
Direct materials for use= $183,060
Explanation:
Giving the following information:
Materials inventory, January 1 - $33,660
Materials purchases - $148,800
Material transportation-in - $600.
The material transportation is part of the cost of materials. We need to use the following formula:
Direct materials for use= beginning inventory + purchases
Direct materials for use= 33,660 + (148,800 + 600)
Direct materials for use= $183,060
Answer:
a. 64.6% and 8.2%
Explanation:
The computation is shown below:
For labor force participation rate
= Labor force ÷ Total population × 100
= 4.888 million ÷ 7.568 million
= 64.60%
And, the unemployment rate is
But before that the employment rate is
= Labor employed ÷ labor force × 100
= 4.486 million ÷ 4.888 million
= 91.77%
Now the unemployment rate is
= 100% - employment rate
= 100% - 91.77%
= 8.2%
