Demand patterns can alter. Changes in factors like average income and preferences may cause a whole demand curve to move to the right or left.
What does "demand" in economics mean?
Demand is simply the consumer's immediate and willing willingness to pay for goods and services. The quantity of goods that customers are prepared and willing to buy at various prices within a particular time frame is referred to as demand.
For instance, the pizza slice that a client buys first when they are starving will be the one that is most useful. With each additional slice, the utility falls and the customer's satisfaction rises. Theoretically,.
To know more about income visit;
https://brainly.com/question/14732695
#SPJ4
the working-age population can be divided into two groups ? a. people looking for work and those in the armed forces. b. people in the labor force and people who are not in the labor force. c. people in the labor force and people with a job. d. people in the labor force and people looking for work.the working-age population can be divided into two groups ? a. people looking for work and those in the armed forces. b. people in the labor force and people who are not in the labor force. c. people in the labor force and people with a job. d. people in the labor force and people looking for work.
The correct option is: b. people in the labor force and people who are not in the labor force.
Persons who are neither employed nor jobless aren't in the labor force. This order incorporates abnegated persons, understudies, those taking care of youths or other family individualities, and other people who are neither working nor looking for work. Information is gathered on their craving for and vacuity for work, hunt for new employment exertion in the previous time, and reasons for not presently searching.
Employed persons are classified by occupation( what kind of work they do) and assiduity( what kind of work their employer or business does). Unemployed persons are classified according to their last work Employed persons are distributed by class of worker grounded on their relationship to their employer. The class- of- worker orders incorporate private and government pay envelope and payment workers, singly employed workers, and overdue family workers.
to know more about employment click here:
https://brainly.com/question/25040267
#SPJ4
One of your regular customers calls to complain that her take-out order was incorrect and she was double charged for an item she didn't receive. What should you do?
Apologize and tell her you hope she'll order again.
Apologize and offer her a coupon for 50% off her next order.
Find out who messed up the order and make them pay for it."
As a business, it is important to handle customer complaints in a professional and courteous manner. In this situation, the best course of action would be to apologize and offer the customer a coupon for 50% off her next order.
This will help to rectify the situation and show the customer that you value their business and are willing to make things right. It is not appropriate to find out who messed up the order and make them pay for it, as this does not address the customer's concerns and could potentially create a hostile work environment. Remember, regular customers are valuable to a business and it is important to maintain a positive relationship with them.
For more information about customer service in the food industry visit: https://brainly.com/question/18300043
#SBJ11
suppose that you worked in an organization in which employees had two main religions: half of the employees were evangelical christians, and half of the employees were muslim. the evangelical christians ran the company, and they announced that there would be no time off for muslim holidays. instead, everyone in the organization would be given time off at christmas and easter. this policy creates
The correct option is A. A toxic environment for Muslims By declaring holidays for Christian festivals but not declaring holidays for Muslim festivals the Management is discriminating against Muslims and this creates a toxic environment for Muslims.
Environment (systems), is the environment of a physical machine that may engage with the system by exchanging mass, energy, or different properties. constructed environment, built environment that offers a place for human pastime, starting from the big-scale civic environment to the private places.
The natural surroundings or herbal global encompasses all living and non-dwelling topics taking place actually, which means in this situation not artificial. The time period is most customarily carried out to the Earth or a few components of Earth. these surroundings encompass the interaction of all dwelling species, weather, climate, and natural assets that have an effect on human survival and economic hobby.
To learn more about Environment visit here:
brainly.com/question/14558098
#SPJ4
Complete Question:
Suppose that you worked in an organization in which employees had two main religions: half of the employees were evangelical Christians, and half of the employees were Muslim. The evangelical Christians ran the company, and they announced that there would be no time off for Muslim holidays. Instead, everyone in the organization would be given time off at Christmas and Easter. This policy creates
options for answers are:-
A). a toxic environment for Muslims
B). a positive environment for all employees
C). a toxic environment for all employees
D). a toxic environment for Christians
suppose demand increases by 10 percent. how would you react to this? assume that you can operate only 7 hours per day in regular time.
The demand for everything below, with the exception of: Amount delivered (B). The amount of a good or service that is supplied has no bearing on the amount that is bought of that good.
Which 10 factors influence demand are they?Quantity Demand (QD) = f (Prices of Goods or Services, Prices of Substitute/Complementary Goods and Services, Buyers' Tastes and Preferences, Buyers' Expectations of the Goods' Future Price, Change in Buyers' Real Incomes or Wealth, Buyers' Expectations of their Future Income and Wealth, Number of Buyers, Government).
How do you define "demand Mcq"?A consumer's desire to buy a commodity is referred to as the demand for goods or services.
To know more about demand visit :-
https://brainly.com/question/14891744
#SPJ1
sweet catering completed the following selected transactions during may 2016: may 1: prepaid rent for three months, $2,700 may 5: received and paid electricity bill, $210 may 9: received cash for meals served to customers, $3,770 may 14: paid cash for kitchen equipment, $3,180 may 23: served a banquet on account, $1,960 may 31: made the adjusting entry for rent (from may 1). may 31: accrued salary expense, $3,590 may 31: recorded depreciation for may on kitchen equipment, $670 if sweet catering had recorded transactions using the cash method, how much net income (loss) would they have recorded for the month of may? if there is a loss, enter it with parentheses or a negative sign.
Using the cash method of accounting, Sweet Catering would only record transactions when cash is received or paid.
Therefore, the transactions that would affect net income for the month of May are as follows:
Received cash for meals served to customers: $3,770
Paid cash for kitchen equipment: $3,180
Received and paid electricity bill: $210
Net income for the month of May using the cash method of accounting would be the revenue from meals served ($3,770) minus the expenses for kitchen equipment ($3,180) and electricity ($210), which is $380.
There is no adjustment for prepaid rent or depreciation under the cash method, and the banquet served on the account and the accrued salary expense are not recorded until cash is received or paid.
Know more about the cash method of accounting - https://brainly.com/question/26753663
#SPJ4
you adjusted a comparable property by $39,000. if the original list price was $419,000, what was the percentage change for this adjustment?
Adjusted a comparable property by $39,000. if the original list price was $419,000. The percentage change for this adjustment is the 90.6921.
What is comparable property?The term comparable property refers to the similarity and the difference on the local terminology. It was the support of the valuation. It was the valuation on the terms as to identify the result.
percentage change formula is the comparable property:
comparable property by $39,000
original list price was $419,000.
Difference = Old - New
Difference = $39,000 - $419,000
Difference = 380,000
percentage change = Increase ÷ Original Number × 100.
380,000 ÷ $419,000 × 100.
90.69
As a result, the significance of the comparable property are the aforementioned.
Learn more about on comparable property, here:
https://brainly.com/question/29763132
#SPJ1
which of the following are ways to enhance the development of capacity strategies? multiple select question. make sure the system is capable of meeting all demand during peak periods. continuously increase capacity to exploit economies of scale. consider the overall impact on the system and environment. decide whether to use a following or leading strategy.
The following are ways to enhance the development of capacity strategies.
continuously increase capacity to exploit economies of scale.decide whether to use a following or leading strategy.The correct option is B and D.
Why is capacity strategy important?Capacity planning assists businesses with budgeting and scaling in order to determine optimal levels of operation: Budgeting advantages: Capacity planning aids in determining how services are provided, as well as the appropriate time frames and staffing levels required to meet current demand while covering all operational costs.
Management strategies that are commonly used include lead strategy, lag strategy, match strategy, and dynamic strategy. Businesses can benefit from using this strategy in a variety of ways, including streamlined operations, increased market share, customer retention, and acquisition.
Thus, the ideal selections are B and D.
Learn more about capacity strategy here:
https://brainly.com/question/29033783
#SPJ1
The market supply for natural gas is the sum of all prices that natural gas producers are willing and able to sell at for every quantity." What is the flaw in this statement? It should state that market supply is the sum of the quantities of natural gas that producers are willing and able to sell at every price. It should state that market supply is the price of natural gas that one firm is willing and able to provide a specified quantity of its product at. It should state that market supply is the quantity of natural gas that producers are willing and able to sell at one specific price. There is no flaw in this statement.
The market supply of natural gas is the sum of all prices that natural gas producers are willing and able to sell at for each quantity.
What is the correct market supply?
The market supply is the total amount of an item that producers are willing and able to sell at various prices over a given time period, such as one month.
The supply curve depicts the relationship between the cost of a good or service and the quantity supplied over a given time period. A typical illustration will show the price on the left vertical axis and the quantity supplied on the horizontal axis.
Therefore, A market supply curve in an industry is the horizontal sum of all supply curves for each individual firm.
Learn more about market supply from the given link.
https://brainly.com/question/13528288
#SPJ1
salesperson carol arrives at the first showing she has scheduled with prospects mark and melinda. when carol pulls in front of the home, melinda decides immediately that she doesn't want to see the inside. what should carol do?
The best choice is C), which is to call the vendors right away and inform them that you won't be stopping by.
What is a salesperson's job description?The salesperson is in duty of greeting customers, pointing them in the direction of the goods they require, and recording purchases. If you intend to succeed in sales, you must have excellent communication skills. An effective salesperson meets sales targets while being polite and helpful to customers.
Is working in sales a good job?Yes, a job in sales is fantastic. Salespeople frequently have a good career inside their firms and the chance to achieve a high pay. The nicest thing about sales is that everyone can work there. All you need is the motivation to improve your sales abilities as well as the desire to be successful.
To know more about Salesperson visit :
https://brainly.com/question/28336031
#SPJ4
The Complete Question :
Salesperson Carol arrives at the first showing she has scheduled with prospects Mark and Melinda. When Carol pulls in front of the home, Melinda decides immediately that she doesn't want to see the inside. What should Carol do?
A. Tell Melinda that the sellers will be very disappointed if they cancel the appointment.
B. Enumerate the home's special features and hope she changes her mind.
C. Call the sellers immediately and let them know you won't be coming by.
D. Emphasize that this home is a great buy and it would be a shame for them to dismiss it without looking first.
the two primary outcomes of interest to ob researchers, employees, and managers are . group of answer choices company profitability and shareholder value job performance and organizational commitment team process and diversity leadership behaviors and leadership style motivation and stress
b) Job performance and organizational commitment are the two main outcomes that ob researchers, employees, and managers are interested in.
What is the organizational commitment?How devoted a team is to its workplace is measured by organizational commitment. High levels of dedication can improve team morale, boost workplace efficiency, and help a business accomplish its goals.
Whether you're a team lead or a team participant, understanding how to develop an organizational culture that prioritizes dedication will improve your capacity to produce results and meet objectives.
The level of involvement and dedication team members have for both their specific roles and the organization is referred to as organizational commitment. It also outlines the various motives for which professionals choose to stay with their current work rather than look for employment elsewhere.
Learn more about organizational commitment with the help of the given link:
brainly.com/question/15083751
#SPJ1
item 10 amy is a human resource executive for a manufacturing company that makes a variety of consumer products in several facilities. she is studying u.s. injury and illness trends from the bureau of labor statistics to identify issues the company should address in its human resource policies. as she looks at nationwide trends since 1990, amy identifies one that companies should correct. which trend represents a problem for u.s. employers to address?
Some of the injury and illness trends that have been identified in the past as problematic for U.S. employers include high rates of repetitive motion injuries, musculoskeletal disorders, and injuries related to slips, trips, and falls.
It is important for employers to address these issues by implementing appropriate training programs, ergonomic equipment, and safety protocols to minimize the risk of workplace injuries and illnesses. It is also important to comply with regulations and reporting requirements to ensure that accurate data is available for analysis and improvement.
The Bureau of Labor Statistics is a unit of the United States Department of Labor. It is the principal fact-finding agency for the U.S. government in the broad field of labor economics and statistics and serves as a principal agency of the U.S. Federal Statistical System.
For more such questions on injuries
https://brainly.com/question/4261308
#SPJ4
When an insurance producer sustains a spinal cord injury in a car wreck, he is rendered permanently disabled. In order to continue his business, his wife establishes an agreement with another producer to continue his business. This authorization will last for a maximum of
When an insurance producer sustains a spinal cord injury in a car wreck, he is rendered permanently disabled. In order to continue his business, his wife establishes an agreement with another producer to continue his business. This authorization will last for a maximum of 180 days. Option B is correct.
Insurance producers are those who sell insurance goods. Insurance producers must be licensed in the state where they offer insurance. Passing a test or completing state-specific educational and/or ethical standards may be required.
An insurance producer and an agent are the same thing. These words are used interchangeably when selling insurance for a corporation or numerous providers. Although "insurance agent" is the most often heard phrase, "insurance producer" is frequently the official title linked with licensing.
Insurance producers or agents work on behalf of insurance firms. Insurance brokers, on the other hand, represent insurance purchasers. In other words, producers seek consumers who will purchase insurance goods, whereas brokers seek insurance products that will fulfill the demands of their clients.
The complete question is:
When an insurance producer sustains a spinal cord injury in a car wreck, he is rendered permanently disabled. In order to continue his business, his wife establishes an agreement with another producer to continue his business. This authorization will last for a maximum of
a) 90 days.b) 180 days.c) 365 days.d) 30 days.To learn more about insurance producers, here
https://brainly.com/question/28289021
#SPJ4
_____ inflation happens when increases in production costs augment the costs of final goods and services.
Cost-push inflation happens when increases in production costs augment the costs of final goods and services.
This type of inflation is caused by an increase in the costs of production, which leads to a decrease in the supply of final goods and services. As a result, the prices of these goods and services increase, leading to inflation. Cost-push inflation can be caused by factors such as an increase in the prices of raw materials, labor costs, or taxes.
It is important to note that cost-push inflation is different from demand-pull inflation, which occurs when there is an increase in demand for goods and services, leading to an increase in their prices.
Read more about cost-push inflation at https://brainly.com/question/25800106.
#SPJ11
as an industry enters the decline stage,: a. rivalry among established companies usually decreases. b. capacity reduces. c. growth becomes negative.
As an industry enters the decline stage c. Growth becomes negative
The decline stage comes after the growth, maturity, and saturation stages in the industrial life cycle. As consumers begin to favor newer or more inventive commodities, the industry goes through a period of declining demand and even growth. Because demand, sales, and profits fall as the industry moves into the decline stage, the growth rate also turns negative.
The industry may experience more rivalry at this stage from inferior goods or services, which could further impede growth and market share. The survival of many businesses in the struggling industry may be difficult, and some may even fail. To continue growth, some businesses may be able to adjust to the shifting market conditions by diversifying their product portfolios or pursuing new markets.
Read more about the decline stage on:
https://brainly.com/question/6960017
#SPJ4
if 360,000 people each receive an average refund of $1,800, based on an annual interest rate of 3 percent, what would be the lost annual income from savings on those refunds?
The lost annual income from savings on those refunds would be $19,440,000.
To calculate the lost annual income from savings on those refunds, we need to first determine the total amount of money refunded, and then multiply it by the annual interest rate.
The total amount refunded would be:
360,000 people x $1,800/person = $648,000,000
To calculate the lost annual income from savings, we need to multiply the total amount refunded by the annual interest rate of 3 percent:
$648,000,000 x 0.03 = $19,440,000
Therefore, the lost annual income from savings on those refunds would be $19,440,000.
learn more about average refund at :
brainly.com/question/28481674
#SPJ4
if manufacturing overhead is applied on the basis of direct labor cost, what overhead rate was used in each year?
Subtract the hours of direct labor worked during the same reference period from the overhead costs.
What are overhead expenses?Costs associated with running a business that aren't directly tied to the creation of products or services but are nevertheless necessary. Rent, gas, insurance, legal fees, paper products, promotion, payroll, and expenses are a few examples of overhead expenses.
How do you classify overhead expenses?Overhead costs are ongoing expenditures that support your company but do not generate revenue. Since they are not a part of the business operations that produce income, these charges are frequently referred to as indirect costs.
To know more about overhead cost visit:
https://brainly.com/question/29038615
#SPJ4
of your employees, 60% are happy with work conditions and 50% are happy with pay, and 20% are happy with both. what percent are happy with work conditions but not pay?
40% of the workers are happy with work conditions but not pay.
We can use the inclusion-exclusion principle to break this problem. The principle countries that the total number of rudiments in the union of two sets is equal to the sum of the number of rudiments in each set, minus the number of rudiments that are in both sets.
Let's denote the set of workers who are happy with work conditions as A, the set of workers who are happy with pay as B, and the set of workers who are happy with both as A ∩B. We're asked to find the chance of workers who are in set A but not in set B.
We know that
A| = 60% of the total number of employees|B| = 50% of the total number of employees|A ∩ B| = 20% of the total number of employeesUsing the inclusion-exclusion principle, we can calculate the size of the set A ∪ B as
|A ∪ B| = |A| + |B| - |A ∩ B|
|A ∪ B| = 60% + 50% - 20%
|A ∪ B| = 90%
This means that 90% of the workers are happy with either work conditions or pay or both.
To find the chance of workers who are in set A but not in set B, we need to abate the chance of workers who are in both sets from the chance of workers who are in set A
|A \ B| = |A| - |A ∩ B|
|A \ B| = 60% - 20%
|A \ B| = 40%
thus, 40% of the workers are happy with work conditions but not pay.
Learn more about Inclusion-exclusion principle:-
https://brainly.com/question/30628920
#SPJ4
what is the market equilibrium rental price per month and the market equilibrium number of apartments demanded and supplied? market equilibrium rental price
Based on the quantity demanded and supplied of the apartments as shown in table, the following are as follows-
Equilibrium rental price = $2,250
Equilibrium apartments demanded = 12,500
Equilibrium apartments supplied = 12,500
Market equilibrium, in this case, is a state in which the market price is competitively determined so that the quantity of goods or services demanded by buyers equals the quantity of goods or services produced by sellers.
This price, often called the competitive price or market-clearing price, usually does not change unless demand or supply changes. The volume is also called the "competitive volume" or market clearing volume.
However, the concept of equilibrium in economics also applies to imperfectly competitive markets in the form of Nash equilibrium.
In economics, economic equilibrium is a situation in which economic forces such as supply and demand are in equilibrium, and the (equilibrium) values of economic variables do not change without external influences.
To learn more about market equilibrium, here:
https://brainly.com/question/25300841
#SPJ4
if you tell your bank within 2 days of learning about fraudulent charges you are responsible for a maximum of
If you notify your bank within two days of discovering fraudulent charges, you are only liable for up to fifty dollars.
How may I contest a false charge?erroneous claims: Call the company that issued your credit card, ask them to stop the charges, then ask for a replacement card. Errors in billing If the problem cannot be resolved through communication with the merchant, then try contacting your credit card company to dispute the transaction.
How do you handle unauthorized credit card charges?Make an immediate call to your bank. It's crucial to tell the bank as soon as you find any unauthorized charges in order to reduce your liabilities (s). The bank might receive your notification verbally, in writing, or by phone.
To know more about fraudulent charge visit:
https://brainly.com/question/22429902
#SPJ4
for which pairs of goods is the cross-price elasticity most likely to be positive? group of answer choices peanut butter and jelly pens and pencils digital college textbooks and iphones bicycle frames and bicycle tires
For pens and pencils pairs of goods is the cross-price elasticity most likely to be positive.
The cross elasticity of demand is a term in economics that assesses the responsiveness of one good's quantity sought when the price of another good varies. This statistic, also known as cross-price elasticity of demand, is determined by dividing the percentage change in the amount requested of one item by the percentage change in the price of the other good.
The cross elasticity of demand is an economic term that assesses how responsive one good's demand is when the price of another commodity varies. When demand for one product rises as the price of the substitute good rises, the cross elasticity of demand for substitute goods is always positive. Conversely, the demand for complementary items has a negative cross elasticity.
To learn more about cross-price elasticity, here
https://brainly.com/question/14469117
#SPJ4
true or false: merchandise inventory is generally converted to cash more quickly than accounts receivable. true false question. true false
Answer: False
Explanation:
which of the following statements is not correct? question 8 options: advocates for drug-interdiction policies that reduce the supply of illegal drugs argue that the demand for illegal drugs may be more responsive in the long run than in the short run. the demand for illegal drugs is price inelastic. drug interdiction efforts that reduce the supply of illegal drugs may increase drug-related crimes. the quantity of illegal drugs demanded is very responsive to changes in price.
Drug interdiction measures, such as making it unlawful to transport narcotics over state lines or prohibiting their sale, restrict the supply of drugs.
Correct. One of the reasons government drug interdiction raises drug-related crime is that it makes it more expensive to purchase the same quantity of drugs since it reduces the supply and drives up the price of drugs. It raises prescription prices and allows suppliers greater discretion over how much to charge for their products. Consumers grow more restless and may develop addictions when prices vary. Overall, the findings show that the demand for illegal substances is, on average, weakly price inelastic—a 10% rise in the price of illegal substances causes a decline in demand of around 9%.
To learn more about Drug interdiction click on the link below:
brainly.com/question/14527737
#SPJ4
verrett corporation is a manufacturer that uses job-order costing. the company has supplied the following data for the just completed year: raw materials purchased on account $ 475,000 raw materials (all direct) requisitioned for use in production $ 476,000 direct labor cost $ 640,000 manufacturing overhead: indirect labor cost $ 174,000 other manufacturing overhead costs incurred $ 498,000 cost of goods manufactured $1,469,000 cost of goods sold (unadjusted) $1,430,000 what is the journal entry to record raw materials used in production?
The required journal entry Raw Materials Inventory [Debit] $476,000 Accounts Payable [Credit] $476,000.
What is a journal entry?A journal entry is a record of a business transaction that is kept in your accounting software. In double-entry bookkeeping, each transaction requires at least two journal entries. Because a transaction can result in numerous changes in a business, a bookkeeper keeps track of all of them with journal entries.
The journal entry to record raw materials used in production is:
Raw Materials Inventory [Debit] $476,000
Accounts Payable [Credit] $476,000
This journal entry reflects the fact that raw materials with a cost of $476,000 were requisitioned for use in production during the year. The Raw Materials Inventory account is debited to record the cost of the materials that were used, and the Accounts Payable account is credited to reflect the fact that the company owes this amount to its suppliers.
Learn more about journal entries here:
https://brainly.com/question/20421012
#SPJ1
Rank each of the four statements with regards to whether the economic organizations in each statement are more market-oriented or part of a planned economy?
the ranking is like the following:
1. D
2.A
3.C
4.B
Market economy: This refers to the setting of price and quantity in accordance with the movements and intersection of supply and demand. The production factors are privately owned.
Planned economy: This refers to the setting of price and quantity in accordance with a decision made by the government. Government ownership, not private ownership, exists for the factors of production.
Ranking:
1. Buyers and sellers make all production/consumption decisions.
2. The government attempts to induce certain production/consumption decisions using monetary incentives.
3. The government regulates some production/consumption decisions.
4. The government makes all production/consumption decisions.
The ranking is made from market oriented activity to planned economy activity.
learn more about Market economy here
https://brainly.com/question/2343400
#SPJ4
complete question:
Rank each of the four statements with regards to whether the economic organizations in each statement are more market-oriented or part of a planned economy?
A. The government attempts to induce certain production/consumption decisions using monetary incentives.
B. The government makes all production/consumption decisions.
C. The government regulates some production/consumption decisions.
D. Buyers and sellers make all production/consumption decisions.
two historical leaders who practiced different leadership styles
Self-assured and endearing are traits of charismatic leaders.
Transformative leaders solicit supporters with ideas.
What is leadership?Leadership is crucial because it encourages, inspires, and sets an example for others to make the country a safer place. Managers include a vision, offer a course of action, and cultivate a close bond with her followers.
The primary driver that separates the two is that, whereas charisma is centered on the leader, Transformative performance is constructed around like ideas and typically incorporates involvement from the current roster, not only the leader.
Learn more about leadership, Here:
brainly.com/question/28487636
#SPJ1
a business buys $2,000 worth of inputs from other firms in order to produce a product. the business makes 100 units of the product and each of them sells for $45. the value added by the business to these products is
The business added a value of $2,500 to the inputs it purchased from other firms in order to produce the 100 units of the product.
Describe sales?Sales is the process of selling products or services to customers in exchange for money or other forms of payment. It involves identifying potential customers, understanding their needs and wants, demonstrating the benefits of a product or service, and persuading them to make a purchase.
Sales can occur through a variety of channels, including in-person, online, over the phone, or through a combination of different channels. Sales professionals may work in various industries, such as retail, technology, finance, or healthcare, and may specialize in a particular product or service.
Effective sales techniques typically involve building strong relationships with customers, understanding their needs and concerns, and providing tailored solutions that meet their specific needs. Sales professionals often use a combination of communication skills, product knowledge, and persuasion techniques to build trust and rapport with potential customers, overcome objections, and ultimately close the sale. Successful sales professionals often have a combination of strong interpersonal skills, industry knowledge, and a deep understanding of the products or services they are selling.
The value added by a business is the difference between the revenue it generates from the sale of its products and the cost of the inputs it purchased from other firms.
In this case, the revenue generated by the sale of 100 units of the product is:
100 units x $45 per unit = $4,500
The cost of the inputs purchased from other firms is $2,000.
Therefore, the value added by the business to the products is:
$4,500 - $2,000 = $2,500
So, the business added a value of $2,500 to the inputs it purchased from other firms in order to produce the 100 units of the product.
To know more about cost visit:
https://brainly.com/question/13542740
#SPJ1
If the supply of iron ore mined in Venezuela has fallen due to significant political disruptions in the country, then the
A. Equilibrium price and equilibrium quantity of Venezuelan iron ore will rise
B. Equilibrium price and equilibrium quantity of Venezuelan iron ore will fall
C. Equilibrium price of Venezuelan iron ore will fall and equilibrium quantity of Venezuelan iron ore will rise
D. Equilibrium price of Venezuelan iron ore will rise and equilibrium quantity of Venezuelan iron ore will fall
Iron ore from Venezuela will increase in price and quantity at equilibrium. Therefore, choice (A) is the best one.
What is meant by Political Disruption ?There is ample proof all around. The political system in America is unpopular. The government and political parties no longer hold the voters' trust.
Only 10% of voters say they think Congress is doing a good job. Ten years ago, the general public was angry but generally indifferent. In today's world, when there is economic unrest, unsolved international wars, and urgent public policy issues that need to be addressed, more and more people are joining organizations and movements that aim to disrupt the status quo.
We shall investigate the reasons behind the system's extreme unhappiness.
Learn more about Political Disruption, from :
brainly.com/question/538739
#SPJ1
production costs can increase when
Production costs can increase when there are changes in the prices of raw materials, labor, and other factors that contribute to the production process.
Production costs are all of the direct and indirect costs involved in the manufacturing of a product or providing a service. Production costs can increase when there are changes in the several factors that contribute to the production process.
These can include:
1. Increases in the prices of raw materials: If the cost of raw materials, such as metals, chemicals, or agricultural products, increases, this can lead to higher production costs.
2. Increases in labor costs: If the cost of labor increases, for example, due to an increase in minimum wage or the cost of employee benefits, this can also lead to higher production costs.
3. Changes in technology: If there are changes in the technology used in the production process, such as the need for new machinery or software, this can also lead to higher production costs.
4. Increases in transportation costs: If the cost of transporting raw materials or finished products increases, this can also lead to higher production costs.
Overall, there are many factors that can contribute to an increase in production costs, and it is important for businesses to be aware of these factors in order to make informed decisions about their production processes.
Learn more about Production costs:
https://brainly.com/question/29886282
#SPJ11
which of the following statements regarding measures of process performance is true? group of answer choices while percent value-added time can exceed 100%, efficiency has a maximum of 100%. efficiency will always be greater than percent value-added time. efficiency and percent value-added time can never reach 100% at the same time. while efficiency can exceed 100%, percent value-added time has a maximum of 100%.
The true statement on metrics of process performance is that efficiency has a limit of 100%, whereas percent value-added time can go above 100%.
The true statement on measurements of process performance is that while percent value-added time can go over 100%, efficiency has a limit of 100%. By dividing the actual output by the standard output and multiplying the result by 100, efficiency is determined. A process that is operating at 100% efficiency is generating all of its potential output. The ratio of value-added time to total cycle time, on the other hand, is known as percent value-added time. If the value-added time is more than the whole cycle time, this ratio can be greater than 100%. This proves that the maximisation of efficiency at 100% is true, as opposed to the other claims, which are false.
learn more about value-added time here:
https://brainly.com/question/29340992
#SPJ4
the selling price per box for cynthia's cookies is $19.95. fixed costs are $65.000 and the variable cost per box is $9.88 a. what is the break-even quantity? b. if sales last year were 8,200 boxes, what was the net profit?
To find the break-even quantity, we need to determine how many boxes of Cynthia's Cookies must be sold to cover the fixed and variable costs. We can use the following formula:
What is break even quantity ?Break-even quantity = Fixed costs / (Selling price per unit - Variable cost per unit)
Substituting the given values, we get:
Break-even quantity = $65,000 / ($19.95 - $9.88) = 6,535.54
Rounding up to the nearest whole number, the break-even quantity is 6,536 boxes.
Therefore, Cynthia's Cookies needs to sell at least 6,536 boxes to cover all costs and break even.
To know more about break even quantity , check out :
https://brainly.com/question/21137380
#SPJ1
