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3 years ago

What is the relationship between the price of a product and the quantity supplied?

Business

1 answer:

USPshnik [31]3 years ago

4 0

Answer:

There is a fundamental law in economics called the law of supply and demand. It states that when prices for one good increase, while the prices for other goods stay the same, quantity supplied increases and quantity demanded decreases. This relationship can be seen on a graph created by economists called "demand curve," where the curve slopes down and to the right.

Explanation:

In economics, the price of a product is determined by the intersection between supply and demand. Demand, of course, varies with factors including time of year and economic growth. Supply will also change with variations in weather conditions and fluctuations in crop production rates. In general, producers want to get as close to this point as they can without going over it where they’ll create more goods than people are willing to buy at that particular price point or time period. This fallacy would result in a surplus which could not be sold off on the market at all because customers do not have enough purchasing power for it even though it is being offered for sale too cheap.

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Numeric Company uses the periodic inventory method and had no beginning inventory. The company purchased 7 units of inventory at

BigorU [14]

Answer:

$115

Explanation:

The computation of the cost of the ending inventory is shown below:

Total units purchased

= 7 units + 5 units + 6 units

= 18 units

And, the total cost is

= 7 units × $8 + 5 units × $10 per unit + 6 units × $11 per unit

= $56 + $50 + $66

= $172

And, the closing units inventory units is

= 18 units - 6 units

= 12 units

So, the cost of ending inventory is

= $172 × 12 units ÷ 18 units

= $115

8 0

3 years ago

Monsters Inc. will pay its first annual dividend of $2 per share exactly 4 years from today, and you expect its dividend to grow

Crank

Answer:

Fill in the blanks to make the following statements true. Also named the property used.

a. (-5) + (-4) = ___ + (-5),

b. 4 + __ = 4,

c. - 53 + ___ = - 53,

d. 4 + [(-5) + (7)] = [4 + (7)] + ___,

e. 25 + [(-50) + 5 ] = (25 + 5) + ___,

f. (-4) + ___ = -4,

g. 4 + (-4) = ___,

h. 5 + ___ = 0 ,

Explanation:

Fill in the blanks to make the following statements true. Also named the property used.

a. (-5) + (-4) = ___ + (-5),

b. 4 + __ = 4,

c. - 53 + ___ = - 53,

d. 4 + [(-5) + (7)] = [4 + (7)] + ___,

e. 25 + [(-50) + 5 ] = (25 + 5) + ___,

f. (-4) + ___ = -4,

g. 4 + (-4) = ___,

h. 5 + ___ = 0 ,

5 0

3 years ago

January 1, Edison Corporation had 1,000,000 shares of $10 par value common stock outstanding. On March 31, the company declared

aleksandr82 [10.1K]

Answer:

D All of these answers are correct.

Explanation:

Given that the corporation had 1,000,000 shares of $10 par value common stock outstanding. On March 31, the company declared a 20% stock dividend. Market value of the stock was $18/share. As a result of this event

Paid-in Capital in Excess of Par = 1000000*20%*(18-10) = 1600000

Stock dividend = 1000000*20%*18= 3600000

Edison's total stockholders' equity was unaffected because increase in Stock dividend leads to decrease in retained earnings by the same amount.

Answer is option D All of these answers are correct.

3 0

3 years ago

For a particular good, a 10 percent increase in price causes a 3 percent decrease in quantity demanded. Which of the following s

SCORPION-xisa [38]

Answer:

The correct answer is letter "D": The relevant time horizon is short.

Explanation:

Time horizon is the length of time you can part with your money before you need it again. If you have a long time horizon, there are more opportunities to make a profit out of an investment but if the time horizon is short there are more possibilities to end up with losses out of an investment. In other words, <em>the longer the time horizon the most likely to profit and the shorter the time horizon the most likely to end with losses</em>.

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3 years ago

Which of the following are steps in the planning process of an organization? (Check all that apply.) Multiple select question. F

vovangra [49]

The steps in the planning process of an organization include:

A. Formulating strategies to achieve the goals.
B. Determining the organization's mission and goals.
D. Selecting the most effective way to implement the organizational strategy.

<h3>What is planning?</h3>

Planning is a management function that ensures the achievement of organizational efficiency and effectiveness.

Planning usually takes place at three levels of the organization, including:

Functional
Business
Corporate levels.

Thus, the steps in the planning process of an organization include Options A, B, and D.

Learn more about the planning function at brainly.com/question/3504046

#SPJ12

5 0

2 years ago