what statement best explains why the supply curve is upward sloping?

Answers

Answer 1

The statement that best explains why the supply curve is upward sloping is: as the price increases quantity supplied increases.

What is supply curve?

Supply curve can be defined as the amount of goods and service produce and supplied at a particular period of time.

When the supply curve slopes upward this tend to means that as the price rise quantity supplied will as well increases or rise . This occur when higher prices of goods and service tend to offer higher profits.

Therefore the statement that best explains why the supply curve is upward sloping is: as the price increases quantity supplied increases.

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Related Questions

a certain value has a standardized score = 1.75. how many standard deviations from the mean does this value fall? is this value greater than or less than the mean?

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Based on the fact that the value has a standardized score of 1.75, this means that the value is 1.75 greater than the mean.

What is a standardized score?

The standardized score of a value is meant to show the value's position relative to the mean value of the data set.

A value with a standardized score of 1.75 is therefore 1.75 standard deviations above the mean.

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In making the best economic choices, consumers compare the benefits of the choice to.

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In making the best economic choices, consumers compare the benefits of the choice to its cost.

What is choice?

This is the option that the consumer has considered to be the best way of satisfying his needs.

The choice of a person is a direct measurement of the benefit of the good and the cost that they can offer up for that good.

Therefore, in order to make the best economic choice, the benefits of a good must be compared to cost.

Answers

The number of sandwiches and ice cream cones consumed will reduce if the price of ice cream cones rises to $2 a piece

Why will the number of sandwiches and ice cream reduce?

The number of sandwiches and ice cream will decrease this is because according law of demand at a higher price the quantity demanded for the goods is reduced. People tend to buy more commodity when the price is reduced.

Therefore, The number of sandwiches and ice cream cones consumed will reduce if the price of ice cream cones rises to $2 a piece

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If the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece, income and substitution effects will take place.

What is income and substitution effects?

Income effect is the change in the consumption pattern of consumers based on their income at a particular time.

Substitution effects is the change which occurs when consumers replace expensive goods with cheap goods as a result of changes in price and income.

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Judy's Boutique just paid an annual dividend of $2.35 on its common stock. The firm increases its dividend by 3.15 percent annually. What is the company's cost of equity if the current stock price is $38.44 per share

Answers

The company's cost of equity is 9.45%

Given that

Annual dividend paid, D0 = $2.35

Dividend growth rate, g = 3.15% = 0.0315

Current stock price per share = $38.44

Now,

Current price of share = D1 ÷ (r - g) -(1)

Here,

r is the required rate of return

D1 = dividend at year 1 = D0 × (1 + g)

= $2.35 × (1 + 0.0315)

= $2.424045

Therefore, from (1) we get

$38.44 = $2.424045 ÷ (r - 0.022)

(r - 0.0315) = 0.063060

r = 0.063060 + 0.0315

r = 0.09456

r = 0.0945 × 100% = 9.45%

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1. what would be the revised net operating income per month if the sales volume increases by 70 units? 2. what would be the revised net operating income per month if the sales volume decreases by 70 units? 3. what would be the revised net operating income per month if the sales volume is 6,500 units?

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The revised net operating income per month if the sales volume increase by 70 units is $32740.

How to calculate the operating income?

The revised net operating income per month if the sales volume increase by 70 units will be

Sales = 7370 × 31 = $228470

Less: Variable expenses = 7370 × 19 = $140030

Contribution margin = 7370 × 12 = $88440

Less: Fixed expenses = $55700

Net operating income = $32740

When there's a decrease, this will be:

Sales = 7230 × 31 = $224130

Less: Variable expenses = 7230 × 19 = $137370

Contribution margin = 7230 × 12 = $86760

Less: Fixed expenses = $55700

Net operating income = $31060

The revised net operating income per month if the sales volume is 6,500 units will be:

Sales = 6500 × 31 = $201500

Less: Variable expenses = 6500 × 19 = $123500

Contribution margin = 6300 × 12 = $78000

Less: Fixed expenses = $55700

Net operating income = $22300

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What is the main benefit of the dsu for team members

Answers

The DSU is important for team members to out their thoughts and idea together.

What is Daily Stand-Up (DSU)?

This is a particular time and place members of a team or organization meet to discuss and make critical decisions.

It helps them to organize their thoughts and ideas together.

Therefore, the DSU is important for team members to out their thoughts and idea together.

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Education required for an animator

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Answer: A bachelor's degree in an art related field

Explanation: Like most art related careers, you need a strong art portfolio to getting an art related job.

Sales made on account are recorded with a debit to Accounts Receivable and credit to Sales Revenue for the price times the quantity. Management knows that some of those accounts will not be collected but is unsure which specific customers it will be. Thus, management estimates the amount and records an adjusting entry. Later, when the specific non-paying customer is identified, it writes off the account. The effect of the write off on the accounting equation is to _____. Multiple choice question. increase one asset and decrease another increase assets and stockholders' equity increase liabilities and decrease stockholders' equity reduce assets and stockholders' equity

Answers

The correct answer is option A. The effect of the write-off in the accounting equation is to increase one asset and decrease another.

What is a write off in accounting?

This is a term that is used to refer to the removal of all accounts that are uncollectible for the general ledger of the business.

It is a write off when a person is not able to carry out all of the obligations that they are supposed to do.

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The answer should be A

In the context of the elements of scientific management, time and motion studies focus on: group of answer choices designing different types of activities to overcome the boredom of overspecialized work. increasing the amount of job responsibility through vertical loading. the inclusion of motivation and hygiene factors that affect job satisfaction. the efficient use of labor to the economic benefit of a corporation.

Answers

The time and motion studies In the context of the elements of scientific management focus on the efficient use of labor to the economic benefit of a corporation.

What is the aim of time and motion studies?

This management studies helps to find a more effective and efficient ways for the workers to do their specific tasks.

Hence, the time and motion studies In the context of the elements of scientific management focus on the efficient use of labor to the economic benefit of a corporation.

Therefore, the Option D is correct.

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