Answer:
b. supply curve for diamond rings will shift right, which will create a surplus at the current price. Price will decrease, which will increase quantity demanded and decrease quantity supplied. The new market equilibrium will be at a lower price and higher quantity
Explanation:
This question isn't complete. The full question can be found here: https://www.chegg.com/homework-help/questions-and-answers/market-diamond-rings-closely-linked-market-high-quality-diamonds-large-quantity-high-quali-q34930995
High-quality diamonds are an input used in the production of diamond rings. If the supply of high quality diamonds increases, it implies that the production of diamond rings would increase. As a result of the increased production, the supply curve would shift to the right. This would lead to an excess of supply over demand known as a surplus. This would cause equilibrium price to fall and quantity to rise.
I hope my answer helps you
If this is a multiple choice the answer is the option about the tree branch breaking your bedroom window...hope this helps:)
Answer:
Net operating income= 341,000
Explanation:
We need to use the following structure:
Gross profit= sales - cost of goods sold
Net operating income= Gross profit - other expenses (variable and fixed)
<u>Under the absorption costing method, the cost of goods sold incorporates the fixed overhead.</u>
Sales= 980,000
COGS= (116,000 + 266,000)= (382,000)
Gross profit= 598,000
Fixed selling and administrative costs= (116,000)
Variable selling and administrative costs= (141,000)
Net operating income= 341,000
Answer:
Revealed by
Explanation:
The revealed by is the concept that is applied in the case when the classification of the derivatives for the new document is inbuilt and get the authorized source for classification into a new document plus the same is to not seen in the source document
Therefore the concept i.e used to determine the classification of derivatives is revealed by concept
