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Ann [662]
2 years ago
9

Which of the following statements is correct? Multiple Choice If supply decreases and demand remains constant, equilibrium price

will fall. If supply decreases and demand increases, equilibrium quantity is indeterminate. If supply increases and demand remains constant, equilibrium price will rise. If supply increases and demand increases, equilibrium quantity will fall. If supply increases and demand increases, equilibrium price will rise.
Business
1 answer:
lbvjy [14]2 years ago
4 0

The statement that is correct is D. If supply increases and demand increases, equilibrium quantity will fall.

Demand is the quantity of goods and services that one is willing to buy at a particular price and at a given time.

On the other hand, supply is the quantity of goods that a supplier wants to sell at a given price and time.

It should be noted that in a situation whereby there's an increase in the supply and the demand of a product, this will lead to a reduction in the equilibrium quantity.

Read related link on:

brainly.com/question/24940837

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A company is considering replacing an old piece of machinery, which cost $105,000 and has $55,000 of accumulated depreciation to
asambeis [7]

Answer:

Replacing the old machine would produce a net saving of $1,300

The sunk cost in this situation is the purchase cost (i.e $105,000) of the old machine.

Explanation:

<em>Differential Analysis</em>

Purchase cost of the new machine                                 (83,000)

Savings from annual variable cost(8500×8)                   68,000

Variable cost of running the new machine (5,000×8)   (40,000)

Scrap value of the old machine                                    <u>    56,300 </u>  

Differential savings                                                       <u>      1,300   </u>

Replacing the old machine would produce a net saving of $1,300

The sunk cost in this situation is the purchase cost (i.e $105,000) of the old machine. It is a past cost incurred as a result old decision.

7 0
2 years ago
To compute your tax liability, turn to the tax tables and look up the amount called
galben [10]
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2 years ago
Consider an offer to supply 5 paintings per year to an art gallery in Rome for the next five years. The contract is exclusive, m
IceJOKER [234]

Answer:

I will accept the offer if the price per painting is $56,312.41 or higher.

Explanation:

We will calculate the present value of the other option which is, selling our painting as a freelancer.

C \times \frac{1-(1+r)^{-time} }{rate} = PV\\

C 315,000.00

time 5

rate 0.2

315000 \times \frac{1-(1+0.2)^{-5} }{0.2} = PV\\

PV $942,042.8241

Now, we subtract the signing bonus of 100,000

942,042.83 - 100,000 = 842,042.83

And solve for the annual proceeds from the painting we need to equalize the opportunity cost:

PV \div \frac{1-(1+r)^{-time} }{rate} = C\\

PV 842,042.83

time 5

rate 0.2

842042.83 \div \frac{1-(1+0.2)^{-5} }{0.2} = C\\

C  $ 281,562.03

Now, we divide by the 5 painting per year:

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3 0
3 years ago
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7 0
2 years ago
Read 2 more answers
NDP Mp will be equal to:
Ivanshal [37]

Answer:

B) NDPFC + Indirect Taxes

Explanation:

Net domestic product (NDP) is obtained by subtracting depreciation from gross domestic product (GDP), and it can be calculated at market price (NDPmp) or at factor cost (NDPfc):

  • NDPmp = GDPmp – depreciation
  • NDPfc = GDPmp – depreciation – indirect taxes

If we substitute NDPfc into option B, we will get:

NDPmp = NDPfc + indirect taxes

NDPmp = (GDPmp - depreciation - indirect taxes) + indirect taxes

NDPmp = GDPmp - depreciation

6 0
3 years ago
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