1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ddd [48]
3 years ago
7

ARTICULATE THE MAJOR APPLICATIONS OF DEMAND AND SUPPLY TOOLS IN DIFFERENT TYPES OF MARKETS . REFERENCE SHOULD BE MADE TO ANY EME

RGING ECONOMY OF YOUR CHOICE.
Business
1 answer:
zvonat [6]3 years ago
7 0

Answer:

Demand and supply are important tools for formulating an economy. The major role is played by demand and supply function in an economy. Demand and supply of a product decides the price for it.

Explanation:

Demand and Supply of a product is set in order to achieve equilibrium in an economy. If demand for a product is higher than its supply then it will create burden on its price and prices for the product will increase. If the supply for a product is high and demand is low then the prices will decline as customer will have sufficient supply to buy from and they will buy at lowest possible price.

You might be interested in
Calvin works in the accounting department for a textbook publishing firm preparing budgets and reporting production costs. What
Anarel [89]

Answer:

The answer is "managerial accountant".

Explanation:

The economic circumstances collect and earned value collection of data, evaluating and presenting financial information for the organization or the management team of the company. These statistics will then be used to make sensible financial decisions that really can benefit the overall growth of the organization.

Managers were employing company and organizational accounts to monitor internal financial processes, revenue, spending, and budget, submit reports, determine past trends and forecast future needs, and aid economic decisions.

5 0
3 years ago
Under absorption costing a company had the following per unit costs when 10,000 units were produced. Direct labor $ 2 Direct mat
Rudiy27

Answer: Total product cost per unit if 12,500 units = $13.

Explanation:

Given that,

Direct labor = $2

Direct material = $3

Variable overhead = $4

Total variable cost = $9

Fixed overhead ($50,000/10,000 units) = $5

Total product cost per unit = $14

Fixed Overhead at 12500 units = \frac{50000}{12500} = $4

∴  Total product cost per unit if 12,500 units = Total variable cost per unit + Fixed Overhead at 12500 units

= 9 + 4

= $13

6 0
3 years ago
The consumer price index is the:
Dmitry [639]

Answer:

B. cost of a market basket of goods and services typically consumed in the current period.

5 0
3 years ago
Read 2 more answers
The point that each glass of lemonade consumed on a hot day brings lower and lower levels of satisfaction is known as the princi
givi [52]

Answer:

decreasing marginal benefit.

Explanation:

A consumer measures the amount of satisfaction gained by consuming a product in making a buying decision.

When a person comes a product his satisfaction increases up to a point, and from that point as consumption increases the satisfaction derived reduces.

Consumption after this point is known as decreasing marginal benefit to the customer.

This affects the customer's willingness to buy more of this product. Patronage of lemonade will reduce as the customer looks for another product to satisfy his needs.

8 0
3 years ago
In some cases, individuals who start a business have special voting rights that help them exercise more control over the firm. T
Olin [163]

individuals that have special voting rights owns a special class of stock called classified stock.

The classified stock refers to class of common stock that comes with special privileges like dividend rights or enhanced voting rights.

Usually, these stock are issued/owned by individual that started or co-start the business.

The classified stock is used to ensure the company's founders maintain its control over the establish company even without owning the majority of the common stock.

Therefore, the individuals that have special voting rights owns a special class of stock called the classified stock.

Read more about classified stock:

<em>brainly.com/question/23881482</em>

6 0
3 years ago
Other questions:
  • When eric and david sit down with​ linda, eric complains that david is​ micro-managing him on the quantum electronics project. a
    13·2 answers
  • Producers are driven by
    9·1 answer
  • What is one of the first decisions an entrepreneur must make?
    6·2 answers
  • Concam Inc. manufactures television sets. Last month direct materials (electronic components, etc.) costing $500,000 were put in
    11·1 answer
  • How has globalization made countries more independent
    14·2 answers
  • Ted is an agent for Waxwing Corporation, an airliner manufacturer, and is negotiating a sale with a representative of the U.S. g
    11·1 answer
  • Sheffield Company is working on two job orders. The job cost sheets show the following.
    5·1 answer
  • A _________ is not a specific security but an arrangement whereby a bank or security dealer sells specific marketable securities
    13·1 answer
  • Geralds manufacturing firm sold goods worth $6000 to some customers on credit in the month of January. His customers plan to pay
    14·1 answer
  • What are the main form through which foreign capital flows in malaysia?Discuss the evolution of the various form across the last
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!