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4 years ago

14

What is the principle of the law of supply?

2 answers:

seropon [69]4 years ago

6 0

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

Montano1993 [528]4 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.

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You are the chief financial officer for a firm that sells digital music players. Your firm has the following average-total-cost

Finger [1]

Answer:

False

Explanation:

Since for finding out whether the offer is accepted or not, first we have to determine the total cost at 600 number of players and for 601 number of players which is

The total cost of 600 players is

= 600 × $300

= $180,000

The total cost of 601 players is

= 601 × $301

= $180,901

Now the marginal cost is 601 player is $901 which is difference between the $180,000 and $180,901 that is higher than the offered price i.e $550

Therefore, the offer should not be accepted

6 0

3 years ago

The new employee at Cork Manufacturing reported tp work and the employee reviewed the following information that was audited by

dexar [7]

Answer:

The correct answer is D

Explanation:

In this case, the new employee who reported to work, was given the responsibility to perform the review of the information on the balance sheet which was audited by the CPA.

So, here the role of new employee is described as the manager- financial analysis, who is responsible for the financial health of the organization or business, reviewing the financial data as well.

3 0

3 years ago

An engineer wishes to have $3 million by the time he retires in 35 years. Assuming 8% nominal interest, compounded continuously,

Genrish500 [490]

Answer:

annual sum must he set aside $16209.42

Explanation:

given data

engineer wishes = $3 million

retires time = 35 years

nominal interest = 8%

solution

we get here effective annual rate that is

interest rate = $e^{r} - 1$ ...........1

interest rate = $e^{0.08} - 1$

interest rate = 0.08328 = 8.33%

and

now we get annual sum must he set aside that is

amount = $3 million × $\frac{rate}{(1+rate)^{t}-1}$

amount = $3000000 × $\frac{0.0832}{(1+0.0832)^{35}-1}$

amount = $16209.42

5 0

3 years ago

Pell Corporation manufactures computers. Assume that Pell allocates manufacturing overhead based on machine hours estimated 10,0

Contact [7]

Answer:

exist 139,200

Explanation:

Assume that Pell allocates manufacturing overhead based on machine hours, estimated 10,000 machine hours and exist 87,000 that implies that the standard cost per machine hour = exist 87,000 / 10,000 = 8.7 exist

Therefore the manufacturing overhead costs if Pell actually used 16,000 machine hours will be: 16000 x 8.7 = exist 139,200

8 0

3 years ago

If more workers are added to a company, the hope is that production and profit will ________________.

pishuonlain [190]

Answer: increase

Explanation:increase means to become greater in amount. more workers, more production.

5 0

3 years ago