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2 years ago

When the supply curve shifts out (to the right) and the demand curve shifts out (to the right), the equilibrium quantity will:

Business

1 answer:

allsm [11]2 years ago

5 0

When the supply curve shifts to the right with the demand curve the equilibrium quantity increases.

<h3>What is the supply curve</h3>

This is the curve that is used to show the relative quantity that is produced by the producers for the market at a given price.

The demand curve on the other hand is a curve that is usdd to show the quantity demanded of goods by consumers at a given price.

Read more on the supply and demand curve here:

brainly.com/question/516635

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The emirates group has a workforce comprised of individuals with 160 different nationalities. Suppose that one individual is con

spin [16.1K]

The individual is being Ethnocentric.

Ethnocentrism, whether conscious or unconscious, is a term that applies to cultural or ethnic bias, where individuals see the world from the perspective of their own group and establish their own group as a prototype. And evaluate all other groups in relation to that ideal.

People with ethnocentrism judge other cultures by comparing them with their immediate culture. Ethnocentrism Americans may overlook the unique charm of any city in the world compared to New York City. If you use the standards of your own culture to judge another culture, you are ethnocentric.

"Ethnocentrism" is a commonly used word in circles where ethnicity, interethnic relationships, and similar intergroup issues are important. The usual definition of this term is "think your group is better than the other" or "decide that the other group is inferior to your group".

Learn more about Ethnocentric here: brainly.com/question/4458198

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8 0

2 years ago

Bill Pope has developed a new device that is so exciting he is considering quitting his job in order to produce and market it on

labwork [276]

Answer:

Costs of: Opportunity Sunk Variable Fixed MOH Product Selling Differential

Garage rent (Fixed)........................................X

Utilities (Fixed).................................................X

Cost of the industrial design course (Sunk) ... ''the cost has been spent''

Equipment rented .(Fixed)...............................X

Material cost (Variable)...................X

Labor cost (Variable).......................X

Present salary (Opportunity cost / Differential Cost)..'He wont earn anymore'

Advertising (Fixed and Selling Costs)............X...................................X

Explanation:

Costs of: Opportunity Sunk Variable Fixed MOH Product Selling Differential

Garage rent (Fixed)........................................X

Utilities (Fixed).................................................X

Cost of the industrial design course (Sunk) ... ''the cost has been spent''

Equipment rented .(Fixed)...............................X

Material cost (Variable)...................X

Labor cost (Variable).......................X

Present salary (Opportunity cost / Differential Cost)..'He wont earn anymore'

Advertising (Fixed and Selling Costs)............X...................................X

1. Garage rent is fixed Manufacturing Overhead because he will pay a fixed rent amount every month.

2. Utilities is fixed Manufacturing Overhead because he will pay a fixed amount every month.

3. Cost of the industrial design course is Sunk because the cost has been spent already

4. Equipment rented is fixed Manufacturing Overhead because he will pay a fixed amount every month.

5. Material cost is variable because it will depend on how much produced every month.

6. Labor cost is variable because it will depend on how much produced every month.

7. Present salary is an Opportunity cost because wont earn salary anymore when he starts the business; this is also differential because it is the difference between the cost of the two alternative decisions

Advertising is a fixed Selling costs because he will pay a fixed amount every month and it is related to sales not production.

4 0

3 years ago

Permanent insurance plans include various options available to the policyowner. What whole life insurance policy options protect

lesantik [10]

Answer:

Non-forfeiture option

Explanation:

Insurance is usually taken to guard against uncertainty of an event in the future. For example if a fire breaks out in an office, insurance can be used to regain an agreed portion of the office value from the insurance company.

It is a way of guarding against risk.

Non-forfeiture option is used to prevent unintentional coverage payment lapse.

This is done with the use of automatic premium loan and grace periods in case of default.

4 0

3 years ago

In service companies, __________ is supported by a cost ledger with a job cost sheet for each client. a.Work in Process b.Cost o

laila [671]

Answer: Work in process

Explanation:

The work in process is basically refers to the work in the progress that helps in process the production of the products and the services.

The work in process is basically refers to the process inventory system that helps in managing the accounting period and also the cost is basically assigned for the inventory valuation.

According to the given question, the work in process is supported by the cost ledger that manages all the services with the client in the company. Therefore, Work in process is the correct answer.

Therefore, Work in process is the correct answer.

7 0

3 years ago

Which of the following people would tend to favor a communist economy?

valentinak56 [21]

C. Liz wants to live in a country where the government makes almost all the economic decisions.

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3 years ago