_____refers to the quantity of a good or service that businesses are willing and able to provide.
a. Supply
b. Scarcity
c. Demand
d. Trade-off

Answers

Answer 1

Answer:

option a supply is the right answer


Related Questions

Tina works outdoors nearly all the time. She and her team clean up roads and fix holes in them. Her job is best
described as
Alma works in an office building, where she operates engines and makes sure all the systems for heat, power, and
other utilities are working properly. Her job is best described as
Every day, Sean drives to the homes of a few different customers, where he fixes washing machines and dryers. His
job is best described as

Answers

Answer:

Tina: Highway Maintenance Worker

Alma: Stationary Engineer

Sean: Home Appliance Repairer

Have a good day :)

Answer:

Tina works outdoors nearly all the time. She and her team clean up roads and fix holes in them. Her job is best described as

✔ Highway Maintenance Worker

Alma works in an office building, where she operates engines and makes sure all the systems for heat, power, and other utilities are working properly. Her job is best described as

✔ Stationary Engineer

Every day, Sean drives to the homes of a few different customers, where he fixes washing machines and dryers. His job is best described as

✔ Home Appliance Repairer

Explanation:

In many cases, the causes of scope creep reflect a misfit between ____.Multiple Choicetraditional project management methods being applied to high uncertainty projectsagile project management methods being applied to projects with stable, static scopetraditional project management methods being applied to projects with high certaintyagile project management methods being applied to projects with high predictability

Answers

Answer:

The correct answer is: traditional project management methods being applied to high uncertainty projects

Explanation:

Scope creep are common in projects, but they can raise concerns because they mean increased time and expense.

Scope increase may occur when there is a mismatch between traditional project management methods being applied to projects of high uncertainty.

This mismatch can mean that the control is inflexible and being a project of high uncertainty, it is quite possible that there will be changes during the project that include other processes and ways to achieve the expected objective.

This situation can cause frustration among stakeholders and waste of time and money, which can be avoided with more effective control and greater clarity about the project's objectives.

You believe you will spend $47,000 a year for 13 years once you retire in 26 years. If the interest rate is 7% per year, how much must you save each year until retirement to meet your retirement goal? (Do not round intermediate calculations. Round your answer to 2 decimal places.) g

Answers

Answer:

Annual deposit= $8,896.79

Explanation:

Giving the following information:

You believe you will spend $47,000 a year for 13 years once you retire in 26 years.

The interest rate is 7% per year.

First, we need to calculate the total amount required:

FV= 47,000*13= $611,000

Now, using the following formula, we can determine the annual deposit:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (611,000*0.07) / [(1.07^26) - 1]

A= $8,896.79

An economy where the government sets prices, determines what and how many items will be produced, and assigns
jobs to all citizens is called a ______ economy.

A command
B. traditional
C. barter
D. market

Answers

The answer would be A, command economy

If a government sets prices in an economy and determines what will be produced, and how it will be produced, this is an A. Command economy.

What happens in a command economy?

The government controls every resource in the nation which means that they decide what will be produced.

They also decide how those goods will be produced, and assign different roles to people in the economy.

Find out more on command economies at https://brainly.com/question/10941789.

Things that are required in order to live are wants. a. True b. False

Answers

from what i think, the answer is B

Answer:

false. Because you NEED them you dont want them.

Problem 6-09A a1-a2, b (Part Level Submission) Oriole Co. began operations on July 1. It uses a perpetual inventory system. During July, the company had the following purchases and sales. Purchases Date Units Unit Cost Sales Units July 1 4 $140 July 6 3 July 11 7 $150 July 14 6 July 21 8 $161 July 27 5 Collapse question part (a1) Partially correct answer. Your answer is partially correct. Try again. Calculate the average cost per unit at July 1, 6, 11, 14, 21

Answers

Answer:

Oriole Co.

Purchases Date  Units    Unit Cost   Sales Units   Average cost

July 1                     4           $140                                  $140

July 6                                                           3              $140

July 11                    7           $150                                 $148.75

July 14                                                         6              $148.75

July 21                   8           $161                                 $159.64

July 27                                                        5             $159.64

Explanation:

a) Data:

Purchases Date  Units    Unit Cost   Sales Units

July 1                     4           $140                  

July 6                                                           3

July 11                    7           $150                  

July 14                                                         6

July 21                   8           $161                  

July 27                                                        5

Average cost per unit = Total cost divided by units available for sale.  For July 1 and 6, the unit cost equal the average cost.

For July 11 and 14, the total cost = $140 + $1,050(7 * $150) = $1,190 and the average cost = $148.75 ($1,190/8 units).

For July 21 and 27, the total cost = $148.75 + $1,288 (8* $161) = $1,436.75 and the average cost = $159.64 ($1,436.75/9).

Bruno's Lunch Counter is expanding and expects operating cash flows of $24,600 a year for 6 years as a result. This expansion requires $76,000 in new fixed assets. These assets will be worthless at the end of the project. In addition, the project requires $6,000 of net working capital throughout the life of the project. What is the net present value of this expansion project at a required rate of return of 10 percent

Answers

Answer:

The net present value of this expansion project at a required rate of return of 10 percent is $11,284.40.

Explanation:

The Summary of Cash flows are as follows :

Year 0    

Cash Flows ($76,000 + $6,000)  =  - $82,000

Year 1

Cash Flow = $24,600

Year 2

Cash Flow = $24,600

Year 3

Cash Flow = $24,600

Year 4

Cash Flow = $24,600

Year 5

Cash Flow = $24,600

Year 6

Cash Flow ($24,600 + $6,000)  = $30,600

Note that the net working capital is recouped at the end of the project.

Calculation of net present value of this expansion project

Note : I am using a financial calculator here

- $82,000     CFj

$24,600      CFj

$24,600      CFj

$24,600      CFj

$24,600      CFj

$24,600      CFj

$30,600      CFj

10 %              i/yr

Shift NPV = $11,284.40

Dianne Doolittle has opened a client’s QuickBooks Online company from her Client Dashboard in QuickBooks Online Accountant. She wants to see which apps are connected to the client’s account. Where can she find this information without logging out of the client’s QuickBooks Online account? Where can she find this information without logging out of the client’s QuickBooks Online account?

Answers

Options;

Gear icon > Account and Settings > Billing and SubscriptionsClient Overview > Company SetupClient Overview > Common IssuesLeft navigation > Apps

Answer:

Left navigation > Apps

Explanation:

Interestingly, in QuickBooks Online a provision was recently made to find the apps connected to an account, by clicking the Left navigation pane, then Apps.

However, one can just go to https://apps.intuit.com.

Select My Apps> then a list of apps connected to the QuickBooks Online company would be displayed.

There are different types of QuickBooks Online. Where can she find this information without logging out of the client’s QuickBooks Online account  is the left navigation>apps.

QuickBooks Online consist of five versions which are Self-Employed, Simple Start, Essentials, Plus, and Advanced.

QuickBooks Online Accountant is known to be a free accounting software for accounting professionals.

QuickBooks Online is known to be cloud-based services and runs by using the internet.

Learn more from

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You have developed the following data on three stocks: Stock A has a standard deviation of .15 and a Beta of .79. Stock B has a standard deviation of .25 and a Beta of .61. Stock C has a standard deviation of .20 and a Beta of 1.29. If you are a risk minimizer, you should choose Stock _____ if it is to be held in isolation and Stock _____ if it is to be held as part of a well-diversified portfolio.

Answers

Answer:

B. A;B

Explanation:

Options includes.

A. A;A

B. A;B

C. B;A

D. C;A

E. C;B.

For Stock in Isolation Standard Deviation should be chosen Hence Stock A must be chosen.  

For Stock in a well diversified portfolio lower the beta higher is the standard deviation of a well diversified portfolio. Should B should be chosen.

A company uses a process costing system. Its Assembly Department's beginning inventory consisted of 51,600 units, 75% complete with respect to direct labor and overhead. The department completed and transferred out 123,500 units this period. The ending inventory consists of 41,600 units that are 25% complete with respect to direct labor and overhead. All direct materials are added at the beginning of the process. The department incurred direct labor costs of $28,000 and overhead costs of $36,000 for the period. Assuming the weighted average method, the direct labor cost per equivalent unit (rounded to the nearest cent) is:

Answers

Answer:

$0.28

Explanation:

The computation of direct labor cost per equivalent unit is shown below:-

Equivalent production for a period = Units that are completed during the period + Equivalent units in process at the end of period

= $123,500 + (41,600 × 25%)

= $123,500 + 10,400

= $133,900

Total costs = Beginning cost + Current cost

= $9,300 + $28,000

= $37,300

Cost per equivalent unit = Total costs ÷ Total equivalent units completed

= $37,300 ÷ $133,900

= $0.28

The primary reason why businesses invest resources and take risks is to _____.
a. provide jobs
b. improve their products
c. earn a profit
d. produce goods and services

Answers

D. Produce goods and services

In 2021, Cromwell Corporation purchased bonds of Oliver Company at par for $300,000 and classified the investment as available-for-sale. In 2022, the market value declined to $200,000. In 2023, the market value of the investment rose to $230,000, and the investment was sold. How much should Cromwell record as a realized gain or loss in its determination of net income for 2023?

Answers

Answer:

$70,000 loss

Explanation:

Cromwell corporation bought bonds of Oliver company at par at $300,000 in the year 2021

In 2022, the market value reduced to $200,000

In the year 2023, The market value rose to $230,000

Therefore the amount that should be recorded be Cromwell corporation as its realized loss or gain in the determination of net income for 2023 can be calculated as follows

= $230,000 - $300,000

= -$70,000

= $70,000 loss

Hence the amount that should be recorded by Cromwell corporation is $70,000 loss

n July 1, 2020, the beginning of its fiscal year, Ridgedale County recorded gross property tax levies of $4,200,000. The county estimated that 2 percent of the taxes levied would be uncollectible. As of April 30, 2021, the due date for all property taxes, the county had collected $3,900,000 in taxes. During the current fiscal year, the county collected $53,000 in delinquent taxes and $4,800 in interest and penalties on the delinquent taxes. The county imposed penalties and interest in the amount of $14,500 but only expects to collect $12,800 of that amount. At the end of the fiscal year (June 30, 2021), uncollected taxes, interest, and penalties are reclassified. They are not expected to be collected within the first 60 days for the following fiscal year. Required Record entries for the above transactions as stated in the individual statements below, and post corresponding information into the Revenues ledger as appropriate. Prepare journal entries to record the tax levy on July 1, 2020, in the General Fund. (Ignore all entries in the governmental activities journal.) Prepare a summary journal entry to record the collection of current taxes as of April 30. Prepare a summary journal entry to record the collection of delinquent taxes, interest, and penalties. (You may assume that these amounts had been designated Deferred Inflows of Resources.)

Answers

Answer:

Prepare journal entries to record the tax levy on July 1, 2020, in the General Fund. (Ignore all entries in the governmental activities journal.)

Dr Taxes receivable - current 4,200,000

    Cr Allowance for uncollectible current taxes 84,000

    Cr Revenues 4,116,000

Prepare a summary journal entry to record the collection of current taxes as of April 30.

Dr Cash 3,900,000

    Cr Taxes receivable - current 3,900,000

Prepare a summary journal entry to record the collection of delinquent taxes, interest, and penalties.

Dr Cash 57,800

    Cr Taxes receivable - delinquent 53,000

    Cr Interest and penalties receivable 4,800

Dr Deferred inflows of resources 57,800

    Cr Revenue 57,800

Identify the following as cash inflows or outflows to a privately-owned water company: well drilling, maintenance, water sales, accounting, government grants, issuance of bonds, energy cost, pension plan contributions, heavy equipment purchases, used equipment sales, stormwater fees, and discharge permit revenues.

Answers

Answer:

Cash Inflow would be cash coming into the company and Cash Outflow would be going out.

Cash InflowWater Sales Government Grants - money given to the company by the Government to help in its operationIssuance of bonds - Cash inflow from debt issuanceUsed Equipment sales - cash from sale of used equipmentStormwater fees - paid by customers to take stormwater from propertyDischarge Permit revenue

Cash OutflowWell drilling - drilling well requires cash expenditureMaintenance - cash expenseAccounting - Administrative expenditureEnergy Cost Pension Plan Contributions - contributing to its employees' pension plans is an expenseHeavy Equipment Purchases - Capital expenditure

A representative is making a presentation to a married couple, ages 75 and 77, about their need for continuing income as the expected life spans of the general population have increased. The representative is strongly recommending that the couple buy an equity indexed annuity (EIA). Which statement made by the representative would NOT be misleading and fraudulent

Answers

Answer:

"EIAs provide a minimum guaranteed rate of return that is guaranteed by the issuing insurance company"

Explanation:

Equity indexed annuities refer to an insurance product in which the product declines and lies between the fixed and variable annuity. Also it provides a return that linked such as the Standard and poor 500 index also if the cap is 10% but it grows by 15% so the customer would get a 10% return.

Therefore the above in the answer and the same is to be considered

And, the rest of the given options shows the misleading and fraudlent.

number 53 934 is divisible by which of the following number brain​

Answers

Answer:

The number 53,934 is divisible by the following numbers:

-1 --- 53.934 / 1 = 53.934

-2 --- 53,934 / 2 = 26,967

-3 --- 53.934 / 3 = 17.978

-6 --- 53.934 / 6 = 8.989

-89 --- 53,934 / 89 = 606

-101 --- 53,934 / 101 = 534

-178 --- 53,934 / 178 = 303

-202 --- 53,934 / 202 = 267

-267 --- 53,934 / 267 = 202

-303 --- 53.934 / 303 = 178

-534 --- 53,934 / 534 = 101

-606 --- 53.934 / 606 = 89

-8989 --- 53.934 / 8.989 = 6

-17978 --- 53.934 / 17.978 = 3

-26967 --- 53.934 / 26.967 = 2

-53934 ---- 53.934 / 53.934 = 1

n January 1, 2021, Bradley Recreational Products issued $150,000, 9%, four-year bonds. Interest is paid semiannually on June 30 and December 31. The bonds were issued at $145,153 to yield an annual return of 10%. (FV of $1, PV of $1, FVA of $1, PVA of $1, FVAD of $1 and PVAD of $1) (Use appropriate factor(s) from the tables provided.) Required: 1. Prepare an amortization schedule that determines interest at the effective interest rate. 2. Prepare an amortization schedule by the straight-line method. 3. Prepare the journal entries to record interest expense on June 30, 2023, by each of the two approaches. 5. Assuming the market rate is still 10%, what price would a second investor pay the first investor on June 30, 2023, for $15,000 of the bonds

Answers

Answer:

I prepared an excel spreadsheet for questions 1 and 2 because there is not enough room here.

3) June 30, 2023, fifth coupon payment (under effective interest rate)

Dr Interest expense 7,367

    Cr Cash 6,750

    Cr Discount on bonds payable 617

June 30, 2023, fifth coupon payment (under straight-line method)

Dr Interest expense 7,356

    Cr Cash 6,750

    Cr Discount on bonds payable 606

5) we can use the approximate yield to maturity formula in order to determine the market value of a $1,000 bond on June 30, 3023:    

0.1 = {45 + [(1,000 - MV)/3]} / [(1,000 + MV)/2]

0.1 x [(1,000 + MV)/2] = 45 + 333.33 - 0.333MV

50 + 0.05MV = 378.33 - 0.333MV

0.383MV = 328.33

MV = 328.33 / 0.383 = $857.26

if the investor is willing to purchase $15,000 of the bonds, then the purchase price = 15 x $857.26 = $12,858.90 ≈ $12,858.90

Explanation:

the journal entry to record the issuance of the bonds:

Dr Cash 145,153

Dr Discount on bonds payable 4,847

    Cr Bonds payable 150,000

Pharoah Company has a tax rate of 40 percent and income before non-operating items of $1390000. It also has the following items (gross amounts). Unusual loss $222500 Discontinued operations loss 604500 Gain on disposal of equipment 50000 Change in accounting principle increasing prior year's income 317500 What is the amount of income tax expense Pharoah would report on its income statement

Answers

Answer: $245,200

Explanation:

Taxable Income = Income before non-operating items + Unusual Gain + Gain Disposal of equipment - Discontinued operation loss

= 1,390,000 + (-222,500) + 50,000 - 604,500

= $613,000

= Income tax expense = 613,000 * 40%

= $245,200

Bulluck Corporation makes a product with the following standard costs: Standard Quantity or HoursStandard Price or Rate Direct materials 3.5grams$1.00per gram Direct labor 0.7hours$11.00per hour Variable overhead 0.7hours$2.00per hour The company reported the following results concerning this product in July. Actual output 3,000units Raw materials used in production 11,370grams Actual direct labor-hours 1,910hours Purchases of raw materials 12,100grams Actual price of raw materials purchased$1.20per gram Actual direct labor rate$11.40per hour Actual variable overhead rate$2.10per hour The company applies variable overhead on the basis of direct labor-hours. The direct materials purchases variance is computed when the materials are purchased. The labor efficiency variance for July is:

Answers

Answer:

$2,090 Favourable

Explanation:

According to the given situation, the computation of labor efficiency variance for July is shown below:-

Labor efficiency variance = Standard rate × (Standard hours - Actual hours)

= $11 × ((0.7 × 3,000) - 1,910)

= $11 × 190

= $2,090 Favourable

Therefore for computing the labor efficiency variance for July we simply applied the above formula.

You own a house that you rent for $1,125 per month. The maintenance expenses on the house average $205 per month. The house cost $220,000 when you purchased it 4 years ago. A recent appraisal on the house valued it at $242,000. If you sell the house you will incur $19,360 in real estate fees. The annual property taxes are $2,550. You are deciding whether to sell the house or convert it for your own use as a professional office. What value should you place on this house when analyzing the option of using it as a professional office

Answers

Answer:

$222,640

Explanation:

The computation of the value of the house by considering the professional office is shown below:

= Recent appraisal on the house - real estate fees

= $242,000 - $19,360

= $222,640

We simply deduct the real estate fees amount from the recent appraisal amount so that the value of the house could come and the same is to be considered

The value i would place on the house when analyzing the option of using it as a professional office is $222,640

 

The computation of the value of the house by considering the professional office is to deduct the real estate fees amount from the recent appraisal amount so that the value of the house would be the difference.

= Recent appraisal on the house - real estate fees

= $242,000 - $19,360

= $222,640

Hence, the value i would place on the house when analyzing the option of using it as a professional office is $222,640

Excerpts from Dowling Company's December 31, 2021 and 2020, financial statements and key ratios are presented below (all numbers are in millions): 2021 2020 Accounts receivable (net) $ 20 $ 16 Net sales $ 115 $ 100 Cost of goods sold $ 60 $ 55 Net income $ 20 $ 17 Inventory turnover 5.22 Return on assets 10.3 % Equity multiplier 2.36 Dowling's 2021 profit margin is (rounded):

Answers

Answer:

17.4%

Explanation:

Calculation for Dowling's 2021 profit margin

Using this formula

Profit Margin = Net Income/ Net Sales

Let plug in the formula

Profit Margin=$20/$115

Profit Margin= 0.1739 ×100

Profit Margin= 17.4%

Therefore Dowling's 2021 profit margin will be 17.4%

All of the following are examples of natural monopolies except:________.a. Local telephone companies.b. Electricity companies.c. College bookstores.d. Railroad companies.

Answers

Answer:

c

Explanation:

A monopoly is when there is only one firm operating in an industry. there are usually high barriers to entry of firms.

A natural monopoly occurs due to the high start-up costs or a large economies of scale.

Natural monopolies are usually the only company providing a service in a particular region

College bookstores are not monopolies. they do not have high barriers of entry into the industry. start up cost isn't extremely high.

When Dollar General buys more than 50% of the stock of another company, Dollar General is called the parent of that company, and the company whose stock has been purchased is known as a subsidiary of Dollar General. All of Dollar General's subsidiaries are wholly owned (100%) by Dollar General. What is meant by the term "consolidated," as in the "Consolidated Statements of Income," "Consolidated Balance Sheets," etc.? (You may have to do a little research to answer this question).

Answers

Answer:

Dollar General

Consolidated means that the financial statements of the parents have been combined with the financial statements of its subsidiaries so that the combined entities are presenting a single set of financial statements, as if they were one entity, which they are in the group sense.

Explanation:

For example, the income statement of Dollar General will be combined or consolidated with the income statement of one or all of its subsidiaries so that the investor has a view of the consolidated net income of the group.  To achieve this, some transactions that were done with inter-group companies will be eliminated, especially when the transactions have not been completed with entities outside the group.  For example, inventories bought from one company by another in the group, which have not been sold to the outside of the group will be eliminated so that the group does not assume to have made profits from itself.

When financial statements are said to be consolidated, it means that the financial statements of both the parent and the subsidiary companies have been combined.

Reasons for presenting Consolidated financial statements It is required by accounting standards and by law in some jurisdictions. It allows stakeholders to see the complete overview of the company - both parent and subsidiaries.

Financial statements should be consolidated when there is a parent company which results from owning more than 50% of a company like Dollar General.

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Many businesses today offer loyalty programs to customers, because gaining customers for life is a goal that enables firms to be more profitable. The Marriott hotel chain loyalty programs are popular since customers can accumulate points that can be redeemed for upgrades or free room stays. Marriott also encourages members to complete their profiles by indicating the size of bed they prefer (double or king), type of pillow (foam or feather), handicap accessible needs, or other preferences. The profile information enables each hotel to utilize this information and provide the right type of room amenities for each guest. The loyalty program is an example of _______.

Answers

Answer: c. customer relationship management

Explanation:

Customer relationship management refers to efforts taken by the firm to improve the way the company treats or relates with its customers.

As the goal of all businesses should be to retain customers for life, managing Customer relationships in such a way that they feel well taken care of enough to be loyal is a key way of doing this.

This is what Marriott is doing. By taking care to understand and to appreciate their customers, they are taking care of them such that they will want to keep coming back for life.

Which of the following best exemplifies the relationship between a capital good and a consumer?a. A commercial baking oven and loaves of bread.b. A crane and a skyscraperc. A Caterpillar earth-moving front loader and its operatord. A brand new Dell computer and printer

Answers

Answer:

A

Explanation:

A capital good is a good that is used to produce another good. examples of capital goods are : tools, buildings, equipment

A consumer good is a good that is directly consumed by final end users e.g. food, clothing, jewellery.

The oven used to make bread is the capital good, while, the bread is the consumer good. Bread is sold to consumers

What are the major chemical components of the cell membrane?

Answers

Answer:

The answer is below

Explanation:

The cell membrane is a biological term that describes a form of cell protection, which lies in the middle of the cell interiors and their outer surface. It is sometimes defined as Plasma Membrane.

Hence, in this case, the correct answer is that the major chemical components of the cell membrane are the following

1.  cholesterol

2.  glycolipids

3.  phospholipids

4.  proteins

Which of the following is an example of a realistic job preview (RJP)? Check all that apply. a) When Mary has her first interview for a job as a police officer, she is shown a video that tells her how rewarding policework can be, but it also outlines how difficult it can be to work night shirts b) When he is recruited to be a tax accountant at Deloitte, Hans is told that it is a great job and company with a lot of career opportunities but also warned that during March and April it is common to have to work some evenings and weekends to get all of the tax filing work done. c) When she is recruited to be a trash truck driver for Waste Management, Trisha is told only potential negative things about the job, including the smell, early hours, and frequent traffic. d) When she is interviewed for a sales associate role at Verizon, Tina is told only positive things about the company.

Answers

The correct answers are A and B

Explanation:

Realistic Job Previews or RJPs provide objective information about a job including its challenges or negative aspects, as well as its advantages or positive aspects. This is essential to allow candidates to have a realistic perspective about a job before applying to it. In this context, only option A and B are Realistic Job Previews because these two options explain the positives and negatives of a job (police officer and tax accountant), while other options only focus on the negative or the positive, which is biased

2. Gross domestic product that has been adjusted for inflation is known as

Answers

Answer:

GDP

Explanation:

The gross domestic product that has been adjusted for inflation is known as Real gross domestic product.

What is inflation?

Inflation refers to the rise in the general price of goods and services for common or daily use.

Real gross domestic product refers to an inflation-adjusted measure that reflects the value of all goods and services produced in a year.

Learn more about inflation here:

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#SPJ2

Suppose that the price of basketball tickets at your college is determined by market forces. Currently, the demand and supply schedules are as follows:Price Quantity Demanded (Qd) Quantity Supplied (Qs)$4 10,000 tickets 8,000 tickets$8 8,000 8,000$12 6,000 8,000$16 4,000 8,000$20 2,000 8,000Required:a. Draw the demand and supply curves. What is unusual about this supply curve? Why might this be true?b. What are the equilibrium price and quantity of tickets?c. The college plans to increase total enrollment next year by 5,000 students.

Answers

Answer:

a) see attached graph. There is nothing unusual with the supply curve, it is simply fixed. This happens to most services, e.g. there is a fixed number of hotel rooms available for rent, in the short run you cannot add more rooms per night if the demand increases. In order to increase the quantity supplied, you would need to build a larger hotel, or in this case, a larger stadium.

b) the equilibrium price is $8 and the equilibrium quantity is 8,000 tickets

c) if the college plans to increase enrollment, the demand might increase, leading to a higher equilibrium price, but the supply will remain the same until the stadium is expanded.

Explanation:

Price              Quantity Demanded (Qd)          Quantity Supplied (Qs)

$4                            10,000                                        8,000

$8                             8,000                                        8,000

$12                            6,000                                        8,000

$16                            4,000                                        8,000

$20                           2,000                                        8,000

The equilibrium price is $8 and the equilibrium quantity is 8,000 tickets

There is nothing unusual with the supply curve. In this case, the supply curve shows the relationship between the goods that are supplied at their prices.

The demand and supply schedule is given below:

 

 Price           Quantity Demanded (Qd)         Quantity Supplied (Qs)

$4                            10,000                                        8,000

$8                             8,000                                        8,000

$12                            6,000                                        8,000

$16                            4,000                                        8,000

$20                           2,000                                        8,000

Therefore, the equilibrium price is $8 and the equilibrium quantity is 8,000 tickets

When the college plans to increase enrollment, there will be an increase in the demand, this will shift the demand to the right and lead to a higher equilibrium price. On the other hand, the supply will remain the same until there is an expansion of the stadium.

Read related link on:

https://brainly.com/question/22433794

Which Decision Support System is a "calendar-driven process and offers the basis for informed affordability assessment?"

Answers

Answer: Planning, Programming, Budgeting and Execution system (PPBE).

Explanation:

The decision support system that is a "calendar-driven process and offers the basis for informed affordability assessment is the Planning, Programming, Budgeting and Execution system (PPBE).

The Planning, Programming, Budgeting, and Execution (PPBE) is simply used in the allocation of resources.

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