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
Minchanka [31]
2 years ago
12

The law of demand states that:

Business
1 answer:
Rainbow [258]2 years ago
8 0
A. Because that is true when your products are low more people buy but you also lose a little at first but in the long run earn more.
You might be interested in
Rent-a-Furniture Center is offering a living room set that retails for $799 for $25 per week for 1 year. What is the percent mar
solniwko [45]

Answer:

62.70%

Explanation:

The markup value is found by calculating the gross profit and dividing it by its price. The retail price for the Rent-a-Furniture Center is $799 and the selling is $25 per week.

There are 52 weeks in a year, therefore, with this payment plan of $25/week, the total amount in one year is (52* 25) = $1300. Gross profit is (1300- 799) = $501. The markup value is (501/799) = 62.7033%

5 0
3 years ago
In China during the 1950s, a group of collective farms, each of which contained more than 30,000 people who lived and worked tog
finlep [7]

Answer:

A commune.

Explanation:

A commune can be understood as a group of people who live together in the same environment and share their duties and responsibilities with one another. They are considered as sharing some mutual interest that helps in the survival of each member of that particular surrounding or environment. Similarly, in China during the 1950s, a group of collective farms, each of which contained more than 30000 people who lived and worked together was regarded as a commune.

7 0
3 years ago
Worldwide annual sales of a product in 2013–2017 were projected to be approximately q = −10p + 4,700 million units at a selling
OlgaM077 [116]

The revenue function is given by R = -10p² + 4700p

Revenue is the total amount of money made from selling a particular unit of products while cost is the amount of money spent in production.

Given an annual sales (q) as:

q = (−10p + 4,700) million units.

The selling price is $p per unit. Hence:

Revenue = per unit price * annual sales

Revenue = p * (−10p + 4,700)

Revenue (R) = -10p² + 4700p

The revenue function is given by R = -10p² + 4700p

Find out more on Revenue at: brainly.com/question/16232387

8 0
2 years ago
there is a technological improvement in the production of good x. as a result, the curve for good x will shift resulting in a(n)
bulgar [2K]

There would a shift to the right of the supply curve. The equilibrium price would decrease and the equilibrium quantity would increase.

<h3>What is the impact of technological improvement?</h3>

Technological improvement in the production process means that there is an advancement or update in the technologies that are used in the production process. For example, progress from storing information in files to storing information in the cloud is an example of technological improvement.

A  technological improvement in the production of  a good would make it easier to produce a good. Thus, the supply curve would move forward.

Equilibrium quantity would increase. Due to the increase in quantity supplied, price has to decline in order to induce consumers to buy more of the product.  Equilibrium price would decrease.

To learn more about an increase in supply, please check: brainly.com/question/14727864

#SPJ1

3 0
2 years ago
Jim is a lawyer who requires that his clients pay him in advance of legal services rendered. Jim routinely credits Legal Service
ss7ja [257]

Answer:

Legal Service Revenue Dr $3000

Unearned Revenue Cr $3000

This is due to the fact that the amount of 25% of the work is undone. Hence, it is recorded as a liability and since it is earned, it is shown as unearned revenue.

3 0
3 years ago
Other questions:
  • You have $5,000 to invest in a stock portfolio. Your choices are Stock X with an expected return of 15 percent and Stock Y with
    6·1 answer
  • Which of the following is NOT one of the reasons that globalization has taken place?
    6·1 answer
  • During the first month of operations ended July 31, YoSan Inc. manufactured 2,400 flat panel televisions, of which 2,000 were so
    15·1 answer
  • Assume there are two industries in our​ economy: the production of pizza and the production of calzones. Each of these products
    12·1 answer
  • At the end of year 1, the balance sheet for the Rich Food Restaurant showed cash at $20,000. At the end of Year 2, the balance s
    7·1 answer
  • One study found that companies with the highest levels of quality are how many times more productive than their competitors with
    14·1 answer
  • Each bank in the town of La Rinconada has only a single set of locking doors at its entrance. In the town of Inverness, on the o
    6·1 answer
  • Which of the following is a disadvantage of a decentralized organizational structure? A. Increasing the size of the corporate bu
    13·1 answer
  • One of the more crucial issues within supply management involves encouraging or helping the firm's suppliers to perform in some
    13·1 answer
  • Randy has established a successful fast-food restaurant chain named randy’s in the united states. He currently has 12 locations
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!