Ask question

Ask question

All categories

3 years ago

14

What is the principle of the law of supply?

2 answers:

seropon [69]3 years ago

6 0

B. The higher the price, the larger the quantity produced.

Montano1993 [528]3 years ago

3 0

What is the principle of the law of supply?

B. The higher the price, the larger the quantity produced.

This is true because if the price is is high and the product is selling at a high price, more manufacturers want to make the product because they will get a larger return on investment. If a business is able to sell products at a higher price, they are more profitable long run and are more likely to succeed.

You might be interested in

"Although experience and expertise are important in the hiring decision, many employers are looking at other attributes to decid

kakasveta [241]

Answer:

"Choose a previous employer, and describe your greatest contribution to the company." Prepare for an Interview: This is a common question asked in interviews.

Explanation:

3 0

2 years ago

A person who has always enjoyed cooking may decide in late adulthood to have fewer elaborate dinner parties because they require

Sindrei [870]

Selective optimization with compensation (SOC). If you don't find an answer on this site, use Google.

5 0

2 years ago

Carnival Enterprises produced 8,000 completed units of a product. According to manufacturing specifications, standard hours for

puteri [66]

Answer:

C. $3,400 F

Explanation:

The computation of the direct labor rate variance is shown below:

Direct Labor Rate Variance

= (Standard rate - Actual rate) × Actual hours

= ($12 - $200,600 ÷ 17,000 labor hours) × 17,000 direct labor hours

= ($12 - $11.8) × 17,000 direct labor hours

= $3,400 favorable

Since standard cost is more than the actual cost which leads to favorable balance

6 0

3 years ago

Parwin Corporation plans to sell 30,000 units during August. If the company has 11,500 units on hand at the start of the month,

raketka [301]

Answer:

Production = 31000 Units

Explanation:

To calculate the production requirement for the month of August to meet the required sales and desired ending inventory, we will use the following formula,

Sales = Opening Inventory + Production - Closing Inventory

Plugging in the values we have for sales, opening inventory and closing inventory, we calculate the production to be,

30000 = 11500 + Production - 12500

30000 + 12500 - 11500 = Production

Production = 31000 Units

6 0

3 years ago

There is a _______ relationship between real GDP and tax revenues, which partially explains deficit spending during a recession.

chubhunter [2.5K]

Answer: positive

Explanation:

The real gross domestic product refers to the value of the output in an economy which has been adjusted for price changes.

There's a positive relationship between the real GDP and tax revenues. This can be used to explain deficit spending during a recession. When there's recession, there'll be a reduction in the output and consumption in the economy. At this point, there'll be a reduction in GDP.

3 0

2 years ago