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grin007 [14]
3 years ago
8

Suppliers produce two goods, cheese and butter. Assume that there is no cost to switch resources from cheese production to butte

r production and vice versa. Suppose the demand for butter increases. What do we expect to happen to the equilibrium in the market for cheese?
Business
1 answer:
zhannawk [14.2K]3 years ago
5 0
Im not sure, but i think the price will go up and the quantity will drop.
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A company produces a single product. Variable production costs are $13.20 per unit and variable selling and administrative expen
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Answer:

the ending inventory is $13,200

Explanation:

The computation of the dollar value of the ending inventory under variable costing is shown below:

= Variable production cost per unit × difference in units

= $13.20 per unit × (5,200 units - 4,200 units)

= $13.20 per unit × 1,000 units

= $13,200

hence, the ending inventory is $13,200

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3 years ago
A pen that costs five cents to make may cost a consumer $2 to buy. according to critics, this is an example of ________.
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Why might buying a home during a recession be a good decision for some consumers? Check all that apply. a. Housing prices are do
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Answer:

<em>a. Housing prices are down. </em>

<em>c. Less demand means more options for buyers.</em>

<em> d. Less demand means less competition with other buyers.</em>

Explanation:

During a <em>recession</em> in the economy, the <em>aggregate demand</em> is on a lower side. This makes the housing prices lower. Lower prices due to lower demand, imply more options for the buyers. Lower demand indicates less competition with other buyers for a buyer.

Hence, all (a), (c) & (d) are the main solutions to the problem, that's why it's easier to get a mortgage.

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Select all that apply Determine which of the following statements are correct descriptions of a subsidiary ledger. (Check all th
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Answer:

- The balance in the subsidiary ledger will equal the balance of its supported account in the general ledger.

- The account which the subsidiary ledger supports in the general ledger is called a control account.

- It is a supporting ledger that contains detailed information about a general ledger account.

- Two of the most common subsidiary ledgers are for Accounts Payable and Accounts Receivable.

Explanation:

A subsidiary ledger is defined as a supporting ledger that contains details of an account on the general ledger.

It gives a breakdown of the single amount that reflects in a general ledger account.

For example if the accounts payable account has a balance of $50,000, the subsidiary ledger will show the individual transactions that make up the $50,000.

Therefore the balance of the subsidiary ledger will equal the amount in the general ledger account.

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3 years ago
Which are examples of long-term goals? Select all that apply.
bulgar [2K]
Saving for retirement
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joining a club or team
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