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
creativ13 [48]
3 years ago
14

What is the principle of the law of supply?

Business
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
Consider the ultimatum game loading... ​, where an​ "allocator" is​ given, say, ​$50.00 to decide how to divide with a​ "recipie
AVprozaik [17]

Answer:

theth  individual's tastes and preferences.

the cost of the clothes.

the popularity of the clothes.

Explanation:

7 0
3 years ago
Confectioners, a chain of candy stores, purchases its candy in bulk from its suppliers. For a recent shipment, the company paid
grandymaker [24]

Answer:

$0.215

Explanation:

The computation of the cost per item in Group 1 is shown below:-

Candy amount paid = $3,100

Item received = 7,100

For Group 1

Sale value = Group 1 units × Selling price

= 2,110 × $0.15

= $316.5

For Group 2

Sale value = Group 2 units × Selling price

= 4,720 × $0.35

= $1,652

For Group 3

Sale value = Group 3 units × Selling price

= 270 × $0.71

= $191.7

= Total sale value = $316.5 + $1,652 + $191.7

= $2,160.2

So, Sale percentage for Group 1 = $316.5 ÷ $2,160.2

= 14.65%

Now, the proportion of cost for Group 1

= $3,100 × 14.65%

= 454.15

Cost per unit = Proportion cost ÷ Group 1 units

= $454.15 ÷ 2,110

= $0.215

4 0
3 years ago
Suppose a perfectly competitive market is suddenly transformed into a monopoly (all competing firms are consolidated into a sing
Digiron [165]

just you know what it must be that i think

Explanation:

suppose a perfectly competitive market is sufdenly what think so

5 0
2 years ago
At December 31, Gill Co. reported accounts receivable of $238,000 and an allowance for uncollectible accounts of $600 (credit) b
Firlakuza [10]

Answer: $7,740

Explanation:

Given, At December 31, Accounts receivable = $238,000

Allowance for uncollectible accounts = 3% of (accounts receivable)

∴ Allowance for uncollectible accounts = 3% of ($238,000 )

=$(0.03 ×238,000)                [3% = 0.03]

= $ (7140)

= $7,140

Allowance for uncollectible accounts (credit) before any adjustments= $600

The amount of the adjustment for uncollectible accounts = Allowance for uncollectible accounts +  $600

= $7,140 +  $600

= $7,740

Hence, The amount of the adjustment for uncollectible accounts would be: <u>$7,740.</u>

5 0
2 years ago
How can you end an interview on a positive note
Lostsunrise [7]
Thank you for your time
7 0
3 years ago
Read 2 more answers
Other questions:
  • The 5.3 percent bond of Dominic Cyle Parts has a face value of $1,000, a maturity of 12 years, semiannual interest payments, and
    15·1 answer
  • Give an example in which there are clear distinctions among distance traveled, displacement, and magnitude of displacement. spec
    12·1 answer
  • Quantitatively, how important is international trade to the United States relative to the importance of trade to other nations?
    6·1 answer
  • Quiz during the class. Calculate the WACC which represents the "hurdle rate" for a typical project with average risk using midpo
    14·1 answer
  • Flint Systems is considering investing in​ production-management software that costs​ $630,000, has​ $67,000 residual​ value, an
    7·1 answer
  • Cosmo contributed land with a fair market value of $332,500 and a tax basis of $138,000 to the Y Mountain partnership in exchang
    13·1 answer
  • What are the parts of a proposal?
    11·1 answer
  • Plzzzzzz help me i need help
    9·1 answer
  • Your store is running a sale. All dresses are 40% off. One dress sells for $150. How much money will someone buying this dress s
    8·1 answer
  • The present value of $100 paid annually at year end for 20 years at 10% per year is:________.
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!