All categories

2 years ago

What is the law of demand?

Business

1 answer:

Tanzania [10]2 years ago

7 0

Answer:

The law of demand dictates that when prices go up, demand goes down – and when prices go down, demand goes up. For instance, a baker sells bread rolls for $1 each. They sell 50 each day at that price. However, when the baker decides to increase to price to $1.20 – they only sell 40

Explanation:

You might be interested in

Buyers will often close the sale for you if you:

Ivenika [448]

If you want to buy it

6 0

2 years ago

Columbia Products produced and sold 1,400 units of the companyâ€™s only product in March. You have collected the following infor

s344n2d4d5 [400]

The computation of the following costs by Columbia Products is as follows:

a. Variable manufacturing cost per unit is $64.

b. Full cost per unit is $96, including manufacturing and marketing and administrative costs.

c. The variable cost per unit is $68.

<h3>Data and Calculations:</h3>

Production and sales units in March = 1,400 units

Sales price (per unit) = $129

<h3>Manufacturing costs: </h3>

Fixed overhead (for the month) = $16,800

Direct labor (per unit) = $7

Direct materials (per unit) 31

Variable overhead (per unit) 26

Variable manufacturing cost $64

The Fixed cost per unit = $12 ($16,800/1,400)

The total manufacturing cost per unit = $76 ($64 + $12)

<h3>Marketing and administrative costs: </h3>

Fixed costs (for the month) = $22,400

Variable costs (per unit) = $4

Fixed costs per unit = $16 ($22,400/1,400)

The total marketing and administrative costs per unit = $20 ($4 + $16)

Full cost per unit = $96 ($76 + $20)

Variable cost per unit = $68 ($64 + $4)

Learn more about variable, fixed, and full costs here: brainly.com/question/15684424

4 0

1 year ago

Clothing maker Patagonia states that its purpose as an organization is to "build the best product, cause no unnecessary harm, [a

jekas [21]

Answer:

The question is missing the options as given below:

A. mission statement

B. belief statement

C. goals pact

D. code of ethics

E. management pledge

The correct option is A,mission statement

Explanation:

The mission statement shows in summary form the vision,core values as well as statement of goals and objectives of an establishment.

Building the best product is the prioritized goal of Patagonia,since having the best product places it in the forefront in terms brand recognition,hence increased sales.

Core value here is ensuring no unnecessary harm is caused by way of injuries sustained in the course of pursuing its objectives.This implies that Patagonia is responsible corporate citizen in the area of complying with best practice in safety procedures.

The vision of the company is to implement solutions to environmental challenges through business inspiration.

7 0

2 years ago

The 151 member governments of the World Bank are expected to increase the bank's funding by $75 billion, though some United Stat

Sonja [21]

Answer:

The correct option is option C from the below options.

Explanation:

As the question was not complete, the complete question is found online and is attached here with.

Also the options are not given which are as below:

(A) an obstacle to Congressional passage being the concern

(B) a concern as an obstacle to Congressional passage

(D) the concern, an obstacle to Congressional passage,

(E) as an obstacle for Congress to pass it the concern

Option A is incorrect as it is not an obstacle.

Option B is incorrect as it is not a concern to an obstacle

Option C is correct as the issue is acting as an obstacle.

Option D is incorrect as the two phrases are not being related.

Option E is incorrect as the concern and obstacle are not correlated.

6 0

2 years ago

Which of the following is a limitation of the dividend-discount model? A. It cannot handle negative growth rates. B. It does no

topjm [15]

Answer:

B. It does not consider past earnings and performance.

Explanation:

$\frac{divends}{return-growth} = Intrinsic \: Value$

The formula use the expected nextyear dividends,

the expected growth on the dividends

and the cost of capital.

It doesn't include anything related to previous earnings and performarce. Like net income, net loss, increase in equity, increase in assets or any other variance about the company's composition of his capital and income.

8 0

2 years ago