Answer:
b. producers are more willing and able to hire that resource
Explanation:
In production resources are defines as various inputs in the production process of a product.
It contributes to the final product that a consumer buys and they have their various costs which are used to obtain their use.
So when the price of a resource decreases, it means that the cost of production also decreases.
There is now more outlay of cash that can be used hire that resource.
Producers are able to produce more of the final product so supply increases.
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Answer:
E) $2,400
Explanation:
optimal order quantity = sqrt{(2*D*S)/H}
= sqrt{(2*36,000*$80)/$4}
= $1,200
number of orders per year = $36,000/$1,200
= $30
total ordering cost = $30*$80
= $2,400
Therefore, The total ordering cost of inventory is $2,400.
If the government raises the excise tax of the product then supply curve tends to shift leftwards. Therefore, The above statement is false.
<h3>What is Supply Curve?</h3>
The supply curve refers to the graphical representation of the supply and the prices of the commodity. It tells how the supply of the commodity affects the prices of the product.
The complete question is attached below.
According to the above situation, when government increases the taxes of the gallon of gasoline then the supply curve will shift leftwards as the supply decreases.
It will lead to the increment in the level of the prices as the demand of the product will fall. Therefore, the above statement is false.
Learn more about supply curve here:
brainly.com/question/15533680
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