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ivolga24 [154]
3 years ago
12

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

Business
2 answers:
juin [17]3 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]3 years ago
6 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.

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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the first thing you need to do is perform readiness assessments, which can help you understand the level of readiness within you
algol [13]

To know and answer if the first thing you need to do is perform readiness assessments, which can help you understand if the level of readiness within your organization is true or false we need to learn a bit about Why Organizational Readiness Assessments are Important?

Are important because allows you to know if your team or company has the knowledge or resources to afford goals and challenges.

Very similar to an audit, the readiness assessment allows you to know the situation and environment before big changes or new projects.

In a Readiness Assessment the focus is aimed at:

  • Goals and objectives
  • Expectations and concerns
  • If the leader supports the project
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  • Governance and decision making
  • Other critical needs

Smart leadership in an organization should use all this data to take management measures to sharpen teams and goals.

So we can say that is TRUE.

See more about management at:  brainly.com/question/26106218

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7 0
1 year ago
Regis Company manufactures plugs at a cost of $36 per unit, which includes $8 of fixed overhead. Regis needs 30,000 of these plu
Oliga [24]

Answer:

$190,000

Explanation:

Regis produces 30,000 plugs per year and its overhead costs are $8, so their variable costs are $28 per plug (=$36 - $8).

Orlan offers to sell them the same plugs at $33 per plug, which means that Regis will be paying $5 more per plug than its own variable costs.

Regis costs will increase $5 x 30,000 = $150,000 per year.

Its fixed costs will decrease by $60,000 if they decide to purchase the plugs.

Plus it can rent the facilities at XXX per year? since it plans to have $100,000 in net savings per year:

$100,000 = $60,000 + XXX - $150,000

$100,000 = XXX - $90,000

XXX = $190,000

4 0
3 years ago
El Tapitio purchased restaurant furniture on September 1, 2021, for $35,000. Residual value at the end of an estimated 10-year s
Romashka-Z-Leto [24]

Answer and Explanation:

The computation of the depreciation expense using straight line method is shown below:

Formula to be used:

= (Purchase cost - salvage value) ÷ (estimated service life)

For 2021

= ($35,000 - $5,000) ÷ (10 years)

= $3,000

For 4 months, it would be

= $3,000 × 4 months ÷ 12 months

= $1,000

And, for the year 2021, it would be the same i.e. $3,000

3 0
3 years ago
(a) At a product price of $67.00 (b) At a product price of $42.00 (c) At a product price of $33.00 Will this firm produce in the
Nimfa-mama [501]

a) Yes, $67 exceeds the loss—minimizing output.

Using the MR

They will produce 9 units.

Profits per unit = $67 - $50 = $17

Total profit = $153.

(b) Yes, $42 exceeds the loss—minimizing output.

Using the MR

They will produce 6 units

Loss per unit is = $42 - $47.50 = $5.50

Total loss = $33 (= 6 x $5.50), which is less than the total fixed cost of $60.

c) No, because $33 is less than AVC. If it did produce, the quantity will be 4—By producing 4 units, it would lose $78 [= 4 ($33 - $52.50)]. and if they didn't produce, it would lose only the total fixed cost of $60.

3 0
3 years ago
Eugene and Velma are married. For 2020, Eugene earned $25,000 and Velma earned $30,000. They have decided to file separate retur
katrin2010 [14]

Answer:

$21,950

Explanation:

Based on the information given Assuming both of them do not live in a community property state Eugene's taxable income will be calculated as:

Income Earned (Velma) $30,000

Less Eugene's itemized deductions ($4,000)

Less Standard deduction ($4,050)

Eugene's taxable income$21,950

Therefore Eugene's taxable income will be $21,950

5 0
3 years ago
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