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RSB [31]
2 years ago
7

A set of collectible dolls was very popular during the holiday season, but, as is the case with many toy fads, has dropped off s

ignificantly in the following months. A surplus of dolls now lines the shelves of retailers across the country. In the absence of government intervention, what is likely to occur?
PLEASE HELPP!!
Business
1 answer:
stich3 [128]2 years ago
3 0

When there is a surplus of goods and the government does not intervene to stabilize prices, the prices will keep dropping in an effort to sell the good off.

According to the Law of Supply and demand:

  • prices drop when the supply of a good is more than the demand to encourage people to buy more of the goods.

This will be done in an effort to at least recuperate some of the costs of production instead of suffering a total loss when people don't buy the goods as is the case with these holiday toys.

We can therefore conclude that if the government does not intervene to either subsidize the price of these toys or control their price, the prices will keep falling to entice people to buy the goods.

<em>Find out more at brainly.com/question/12169648.</em>

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<span>the marginal utility become negative at  Sixth serving.
After consuming a same product for a number of times, our satisfaction of consuming the product will start to decrease (in this case, it because Carmen started to feel full and maybe nauseated due to the amount of Mac and cheese that she'd been consuming)</span>
5 0
3 years ago
Wagon Department Store had net credit sales of $16,000,000 and cost of goods sold of $15,000,000 for the year. The average inven
miv72 [106K]

Answer:

7.5 times

Explanation:

Inventory turnover = \frac{Cost \: of\: goods\: sold}{Average\: Inventory}

We have been provided that,

Cost of goods sold = $15,000,000

Average inventory for the year = $2,000,000

Therefore, Inventory Turnover ratio = \frac{15,000,000}{2,000,000}

= 7.5 times

It means on an average how many times the inventory is sold, and replaced during the period.

8 0
3 years ago
Merle Corporation applies manufacturing overhead to products on the basis of standard machine-hours. For the most recent month,
bixtya [17]

Answer: $721 Unfavorable

Explanation:

The following can be deduced from the question:

Actual hours = 3690 hours

Standard hours = 3620 hours

Standard rate per hour = ($14000 + $27200) / 4000

= $41200 / 4000

= $10.30 per hour

Therefore, the overall variable overhead efficiency variance for the month is calculated as:

= (Actual Hours - Standard Hours) × Standard rate per hour

= (3690 - 3620) × $10.30

= 70 × $10.30

= $721 Unfavorable

3 0
2 years ago
You’re a career counselor for Tim, an air conditioner unit installer who is depressed because he sees his career as going nowher
jeka94
<span>The goal here is to give someone advice on their career options. You should find someone you are close to and think of them and then imagine how you would converse about this with them. In the conversation, fin out what Tim's goals are as well as what things he has tried in the past. Find out what he believes he is capable of doing and how he feels about going to school to learn a new trade.</span>
8 0
2 years ago
The MR = MC rule Multiple Choice applies both to pure monopoly and pure competition. applies only to pure competition. applies o
Neko [114]

The MR = MC rule C. applies only to pure monopoly.

<h3>What is monopoly?</h3>

It should be noted that monopoly simply means the only seller of a good to service in the market.

In this case, the MR = MC rule applies only to pure monopoly.

In conclusion, the correct option is C.

Learn more about monopoly on:

brainly.com/question/13113415

#SPJ1

3 0
1 year ago
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