Ask question

Ask question

All categories

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.

You might be interested in

During April, the production department of a process manufacturing system completed a number of units of a product and transferr

den301095 [7]

Answer:

Using the weighted-average method, compute the direct materials cost and the conversion cost per equivalent unit and assign April's costs to the department's output.

Cost per equivalent unit

Material

$2,35

Conversion

$1,93

TOTAL Cost per equivalent unit

Material

$968.840

Conversion

$697.890

TOTAL

$1.666.730

Explanation:

Material Conversion

Units transferred to the next department 320,000 320,000

Materials 90% 102,000 91,800

Conversion Cost 40% 102,000 40,800

Equivalents Units Production 411,800 360,800

Cost of beginning work in process inventory $ 118.472 $ 48.594

Costs added during the period $ 850.368 $ 649.296

TOTAL COST $ 968.840 $ 697.890

Equivalents Units Production 411.800 360.800

Cost per equivalent unit $2,35 $1,93

Units completed and transferred out:

Equivalent units of production (a) 411.800 360.800

Cost per equivalent unit $968.840 $697.890 $1.666.730

6 0

3 years ago

The period of delinquency allowed before a lender begins foreclosure proceedings is determined by statute. the secondary mortgag

DedPeter [7]

Answer: The lender

Explanation: Foreclosure proceeding involves the steps a lender takes in the process of seizing or selling a property in a bid to recover the payment or amount owed by a loan defaulter. The foreclosure proceeding involves different processes and will only begin when the mortgage is delinquent. Delinquency due to failure to make an agreed payment on a mortgage. This period is usually determined by the lender and the foreclosure proceeding will begin if the payment is not made before the period.

4 0

3 years ago

Dave is a salaried employee who works in a gas station. He only earns from his job and has no other source of income. He gets a

tigry1 [53]

Answer:

In my opinion the most suitable answer is E. increase his sources of income to show a rise in his income after taxes

Explanation:

The reason is he could lower his expenses too, but for how long? Inflation is going to eat his salary away anyway possibly in 5 to 10 years so what Daventry ustock do is to create another source of income so that he is safe. Possibly through investing in income generating assets, real estate and possibly a side hustle! (A small time business)

5 0

3 years ago

As the manager of Margarita Mexican Restaurant, you must deal with a variety of business transactions. Provide an explanation fo

nalin [4]

Answer:

Explanation:

The explanation of the following transactions is given

a. Debit Equipment and credit Cash.

In this transaction, the equipment is purchased for cash so the equipment account is debited and the cash account is credited.

b. Debit Dividends and credit Cash.

In this transaction, the dividend is paid for cash so the dividend account is debited and the cash account is credited.

c. Debit Wages Payable and credit Cash.

In this transaction, the Accrued wages are paid for cash so the wages payable account is debited and cash account is credited.

d. Debit Equipment and credit Common Stock

In this transaction, the equipment is purchased for exchange of the common stock so the equipment account is debited and common stock is credited.

e. Debit Cash and credit Unearned Revenue

In this transaction, the cash is received for service rendered in the future so the cash account is debited and Unearned Revenue is credited.

f. Debit Advertising Expense and credit Cash

In this transaction, the advertising expense is paid for cash so the advertising expense account is debited and cash is credited.

g. Debit Cash and credit Service Revenue.

In this transaction, the cash is received for service performed so the cash account is debited and service Revenue is credited.

5 0

4 years ago

Taco Loco is unsure whether the amount of beef that their computer thinks is in inventory is correct. What is the range in value

STALIN [3.7K]

Answer:

C: 17.78-30 pounds

6 0

4 years ago