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2 years ago

Describe the slope of the supply curve. How does the slope reflect the law of supply?

Business

2 answers:

juin [17]2 years ago

8 0

Answer:

Like the law of demand, the law of supply demonstrates the quantities that will be sold at a certain price. But unlike the law of demand, the supply relationship shows an upward slope. This means that the higher the price, the higher the quantity supplied.

tensa zangetsu [6.8K]2 years ago

6 0

Answer:

The upward slope of the supply curve illustrates the law of supply—that a higher price leads to a higher quantity supplied, and vice versa. The shape of supply curves will vary somewhat according to the product: steeper, flatter, straighter, or more curved.

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1. What are the purposes of a checking account?

tatiyna

<h3>Answer:</h3><h2>The main purpose of a checking acc is to store your money in a safe place until further use.✨</h2>

6 0

2 years ago

Ryan Lock had planned his trip to the Olympic Games in Rio de Janeiro, Brazil, for many months. He had budgeted-saved-$15 comm

WITCHER [35]

Answer:

He should have exchanged the dollars for real in January 2016 to maximize his Brazilian spending. The exchange rate in January will result to highest Real (BRL) of R$<em>59,463.00</em>

Explanation:

To arrive at R$ equivalent of $15,000 on monthly basis, since BRL=1.00 USD, multiply R$ exchange rate each month by $15,000.

For January, 3.9642*15,000= R$59,463.00

February 3.8402*15,000= $57,603.00, etc.

Solution

S/N Month BRL=1.00 USD BRL Equivalent(R$)

1 January 3.9642 59,463.00

2 February 3.8402 57,603.00

3 March 3.6086 54,129.00

4 April 3.6851 55,276.50

5 May 3.5843 53,764.50

6 June 3.5493 53,239.50

7 July 3.2331 48,496.50

8 Aug-08 3.2312 48,468.00

8 0

3 years ago

A firm engages in a new type of financial transaction that has a material effect on its earnings. An analyst should most likely

slega [8]

Answer:

management has not explained its business purpose

Explanation:

Since in the question it is mentioned that the firm is engaged in the new financial transaction that contains the material impact on the earnings so this represents that it could be come under the pre existed accounting standards.

Also everyone should be aware of the business purpose plus it is not established for changing off the financial statements

So it would be suspicious because the purpose of the business could not be explained

4 0

3 years ago

We often observe that addition of another unit of labor increases output but by an amount that is smaller than the addition of t

iren [92.7K]

Answer:

The producer is experiencing diminishing marginal product.

Explanation:

The law of diminishing return explains that every additional unit consumed will have less utility/return than the previous one. Same is the case with labor productivity. The first unit of labor will yield maximum return, every additional unit will result in lesser return/productivity than the previous unit. The will continue up to the point of maximum return. After that point adding additional resources will yield less total output.

8 0

3 years ago

Petroski Natural Dying Corporation measures its activity in terms of skeins of yarn dyed. Last month, the budgeted level of acti

guapka [62]

Answer:

$577 Unfavorable

Explanation:

The calculation of spending variance for dye costs is shown below:-

Spending variance for dye cost = (Standard rate - Actual variable) × Actual units

= ($0.67 - $13,910 ÷ 19,900) × 19,900

= (0.67 - 0.69899) × 19,900

= $577 Unfavorable

Therefore for computing the spending variance for dye costs we simply applied the above formula.

4 0

3 years ago