when the price of a good or service changes, question 15 options: a) the demand curve shifts in the opposite direction. b) there is a movement along a given supply curve. c) the supply curve shifts in the same direction. d) the supply curve shifts in the opposite direction.

Answers

Answer 1

When the price of a good or service changes, there is a movement along a given supply curve.

When the price of a good or service changes, it causes a shift in the quantity demanded or supplied. This shift leads to a movement along a given supply or demand curve rather than a shift in the entire curve. A movement along a given supply curve occurs because the quantity supplied is inversely related to the price of the good. This means that as the price of a good increase, the quantity supplied will increase, and as the price decreases, the quantity supplied will decrease. This relationship is known as the law of supply and explains why there is a movement along a given supply curve when the price of a good or service changes.

In summary, when the price of a good or service changes, there is a movement along a given supply curve. This occurs because the quantity supplied is inversely related to the price of the good, which is explained by the law of supply.

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Related Questions

In a job order costing system, the use of indirect materials would usually be recorded as a debit to: a.) Cost of Goods Sold. b.) Finished Goods. c.)Manufacturing Overhead. d.)Raw materials. e.) Work in Process.

Answers

overhead associated with manufacturing. As a result, (C) is the best choice.

What is meant by Manufacturing Overhead?

The total of all indirect expenses incurred during product manufacturing is known as manufacturing overhead (MOH) cost. Along with direct labor and material costs, it is added to the finished product's price.

Depreciation of machinery, wages paid to factory workers, and power used to run the machinery are common examples of manufacturing overhead expenditures.

The cost of finished goods in inventory and work in progress inventory on a manufacturer's balance sheet and in the cost of goods income statement should be adjusted to account for production overhead in accordance with GAAP (generally accepted accounting standards).

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Give a Brief history from subsistence economy to money economy.
Please Help ASAP. Please

Answers

Answer:

Explantation to the following question is as follows;

Explanation:

A subsistence economy frequently engages in artisans fisheries, labor-intensive agriculture, and animal grazing. Handmade, basic tools and traditional procedures are used in each of these undertakings. The absence of excess is another feature of subsistence economies.

Money is an economic entity that serves as a universally accepted means of trade in a transactional economy. Money performs the function of lowering transaction costs, namely the twofold coincidence of desires.

Which step of the legislative process is missing?
with answers in screenshot

Which step of the legislative process is missing?with answers in screenshot

Answers

The bill is voted on by senate

Variable costs are
O the costs related to the product that have to be paid regardless of the amount you sell
the costs that change depending on a company's performance
O the costs resulting from a business owner's choice when selecting one thing over another and how it will impact the business
O none of the above
Next
HELP PLS

Answers

Answer:

the costs that change depending on a company's performance

Explanation:

Variable costs refer to the costs that fluctuate with the level of production. An increase or decrease in the output level results in variable costs moving in the same direction. If the business stops production, the variable costs will be nil.

Raw materials and packaging costs are good examples of variable costs. The more a company produces, the more materials it consumes, and the higher the costs of purchasing the materials.

Answer:

Costs that change depending on companys performance

Explanation:

EDGE 2021 Entreprenuership Test

who is the CEO of Amazon ​

Answers

Jeff bazzos is the CEO

Municipal bonds are issued by what?

Answers

Answer:

Hi, the correct answer to your question is they are securities issued by states, cities

etc/more.

Explanation:

They mostly do this for building like highways, roads and more. It is used to raise more money to build important things for our environment.

Hope this helps! :)

please label the scenarios with the term that best matches them. you are currently in a labeling module. turn off browse mode or quick nav, tab to items, space or enter to pick up, tab to move, space or enter to and cmm are duopolists in the hockey skate market. suppose every year bauer produces one million pairs of skates. cmm produced one million skates the first year but has since chosen to produce 1.5 million pairs of skates each year. unilever and proctor. a) Price war. b) Price leadership. c) Antitrust Policy. d) Non-price Competition. e) Nash Equiblirium. f) None of the terms

Answers

The term that best matches this scenario is (f) None of the terms.

What is the reason?

Based on the scenarios presented, it is possible to label them with the corresponding terms.

The first scenario, where Bauer and CMM are duopolists in the hockey skate market, represents a situation of Nash Equilibrium, which means that both companies have chosen the best strategy given the other's strategy. The second scenario, where Unilever and Proctor are mentioned, does not provide enough information to apply any of the given terms. Therefore, it falls under the category of None of the terms.

Finally, the third scenario, which involves CMM producing more skates each year, could be labeled as Non-price Competition, as the company is trying to differentiate itself by increasing its output instead of lowering its prices.

It is important to note that none of the scenarios mentioned explicitly refers to Antitrust Policy or Price Leadership, which suggests that these terms may not be applicable to the current situation.

Hence, option f. is correct.

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If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction into the accounting equation by:____.

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If a customer makes a partial payment of $100 on a service for which you have already billed him, you would record this transaction by increasing cash and decreasing accounts receivable.

The accounting equation is a fundamental accounting concept and a crucial part of the balance sheet. The calculation looks like this:

Assets = Liabilities + Shareholder’s Equity

This equation highlights the balance sheet's structure and lays the groundwork for double-entry accounting, also referred to as double-entry bookkeeping. In a double-entry accounting system, every transaction affects at least two accounts.

The balance sheet's foundation is the accounting equation. The statement of financial position and balance sheet are both financial statements. Assets, Liabilities, and Shareholder's Equity are the three main sections of the balance sheet, along with their various underlying components.

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A 3rd degree burn has burnt only part of the epidermis. the epidermis only. the epidermis and dermis. the epidermis and part of the dermis.

Answers

A 3rd degree burn has burnt the epidermis and part of the dermis. Option 3 is the correct answer.

A 3rd degree burn is a severe burn that extends through the entire thickness of the skin. In a 3rd degree burn, the epidermis, which is the outermost layer of the skin, and part of the dermis, which is the layer beneath the epidermis, are affected. This type of burn destroys the full thickness of the epidermis and can extend into the deeper layers of the dermis.

The epidermis serves as a protective barrier for the body, preventing the entry of harmful substances and pathogens. It also helps regulate body temperature and plays a role in the production of vitamin D. The dermis provides structural support, contains blood vessels, nerve endings, sweat glands, and hair follicles.

Due to the severity of the injury, 3rd degree burns often require medical intervention and specialized treatment. They can result in extensive tissue damage, loss of sensation, and impaired healing. Treatment may involve surgical interventions, such as skin grafting, to promote healing and minimize the risk of infection. Rehabilitation and long-term care are often necessary to manage the physical and psychological effects of a 3rd degree burn.

Hence, option 3 is the right choice.

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Nathan wants a formula to return "YES" if the value in cell A1 is less than the value in cell B1, and to return "No" otherwise. Which of the following functions should he use?

Answers

Answer:

IF function

Explanation:

The options to the question are missing; however, I'll assume the question related to Microsoft Office Excel.

To do the task in the question, Nathan can only make use of the IF function.

This is so, because the question relates to conditional statement.

The full if statement is:.

=IF(A1 < B1, "YES","NO")

To calculate the number of montly payments required to pay off a loan or meet an investment goal, use the _______ function.

Answers

To calculate the number of monthly payments required to pay off a loan or meet an investment goal, use the nper function.

In finance, lending is the lending of money by one or more individuals, organizations, or other entities to other individuals and organizations, etc. The beneficiary incurs a debt and usually has to pay interest on that debt until that debt is also repaid. to repay the principal borrowed.

The promissory note will typically state, among other things, the principal amount of the loan, the interest rate charged by the lender, and the date of repayment. A loan involves reallocation of assets in question over a period of time, between the lender and the borrower.

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TalkaLot Corp. incurs a cost of $350 to produce one unit of a cell phone. The company’s management has priced the product at $600 in the market. Considering the technological advancement of the cell phone, customers perceive its value to be around $800. What is the economic value created in this scenario?A. $200B. $250C. $450D. $600E. $800

Answers

$450  is the economic value created in this scenario.

What is the definition of economic value?

A person's assessment of an economic good's value is based on the advantages it offers. This is known as its economic value. A person's desire to pay for a product, which is often measured in monetary terms, is taken into consideration while calculating it in some cases.

                                   According to the benefit they receive from an economic good, a person assigns an economic good a value called economic value.

According to the question, the cost incurred by the corp is $350. Also the customers perceive it's value around $800.

Thus the economic value created in this scenario is :-

800 - 350 = $450

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the empirical data indicate that the tax system and the transfer programs of the government:

Answers

The empirical data suggests that the tax system and transfer programs of the government have a significant impact on the economy and society.

Both the tax system and transfer programs are designed to redistribute income and wealth, which can have both positive and negative effects on different segments of the population.
In terms of the tax system, the data shows that progressive tax systems - where those who earn more pay a higher percentage of their income in taxes - tend to reduce income inequality.

This is because those who earn less are able to keep a greater share of their income, which can help them meet their basic needs and improve their quality of life.

Additionally, progressive tax systems can help fund important government programs and services, such as education, healthcare, and infrastructure.
However, some argue that high tax rates can discourage investment and entrepreneurship, which can ultimately harm the economy.


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1. The formula for continuously compounded interest is A = Pe^rt, where A is the amount of money in the account, P is the initial investment, r is the interest rate, and t is the time in years. Using the formula, determine, to the nearest dollar, the amount in the account after 8 years if $750 is invested at an annual rate of 3%​

Answers

Answer:

the  amount in the account after 8 years is $954

Explanation:

The computation of the amount in the account after 8 years is shown below"

Given that

The formula for continuously compound interest is

Amount = Principal e^(rate) (time period)

= $750 × e^(0.03)(8)

= $954

Hence, the  amount in the account after 8 years is $954

The same is to be considered by applying the above formula

Jackie has been selling gold rings for $50 each. her cost for the rings was $25. she learns that another store on the other side of the mall sells gold rings for $40. what information should jackie consider before deciding if she should change her price?

Answers

When adjusting the price of an established product, Jackie should have knowledge of the pricing considerations and strategies

What are the different types of pricing strategies?

There are 4 types of pricing strategies as follows :

Premium pricing strategySkimming pricing strategyValue pricing strategyPenetration pricing strategy.

In the aforesaid scenario, Jackie will employ a value pricing approach, in which he will reduce the product's cost in order to attract buyers, hence increasing the product's perceived worth.

Thus,

Pricing strategies information should be considered before introducing any changes in the price of the product.

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explain the effect of a lack of shortage of entrepreneurs in the economy ​

Answers

Explanation:

Lack of entrepreneurs will lead to lower jobs, innovative products and a decline in economy. By developing new technology, goods, and services, entrepreneurs help to fuel the economic growth.

1. Which of the following BEST defines a down payment?
1. A down payment is a portion of the purchase price that increases the loan amount.
2. The down payment is the good faith escrow deposit.
3. A down payment is a portion of the purchase price that reduces the loan amount.
4. The down payment is the total amount borrowed for purchasing or leasing a car.

Answers

Answer:

3

Explanation:

It has to be this one because it is intial payment to help someone.

explain why did vertical integration save so much money at spacex? why hadn’t other space companies vertically integrated if it was so much less expensive?

Answers

Vertical integration saved so much money at SpaceX because it allowed the company to reduce costs and streamline operations by controlling every aspect of the supply chain.

Other space companies may not have vertically integrated because they lacked the necessary resources or expertise, or they believed that outsourcing certain functions would be more cost-effective.

What is vertical integration?

Vertical integration refers to the process by which companies vertically integrate, meaning that they control multiple stages of the production process, from raw materials to finished products.

In the case of SpaceX, the company vertically integrates by designing and manufacturing most of its rockets, engines, and other components in-house, rather than relying on outside suppliers.

Why did vertical integration save so much money at SpaceX?

Vertical integration saved SpaceX a lot of money by reducing costs and improving efficiency. By controlling every aspect of the supply chain, SpaceX was able to streamline operations, reduce waste, and eliminate the markups associated with buying from outside suppliers.

For example, SpaceX was able to design and manufacture its own rocket engines, which are typically one of the most expensive components of a spacecraft. By doing this in-house, SpaceX was able to reduce costs and achieve greater control over the quality and performance of its engines.

Why hadn't other space companies vertically integrated if it was so much less expensive?

Other space companies may not have vertically integrated because they lacked the necessary resources or expertise, or they believed that outsourcing certain functions would be more cost-effective.

For example, some companies may have believed that it was more cost-effective to outsource certain functions, such as engine manufacturing, to specialized suppliers who could achieve greater economies of scale or lower costs by spreading fixed costs across a larger customer base.

Additionally, some companies may not have had the capital or technical expertise required to vertically integrate, or they may have been constrained by existing contracts with outside suppliers.

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On July 1, Robles Metal Products had a beginning inventory of $505,700. During the quarter, goods costing $290,900 were manufactured. The inventory at the end of September was $485,300. During the quarter, Robles' net sales were $759,200. What was the cost of goods sold for the quarter? What was Robles's gross profit for the quarter?

Answers

Answer:

Instructions are below.

Explanation:

Giving the following information:

beginning inventory= $505,700

Cost of goods manufactured= $290,900

Ending inventory= $485,300

Net sales= $759,200.

To calculate the cost of goods sold, we need to use the following formula:

COGS= beginning finished inventory + cost of goods manufactured - ending finished inventory

COGS= 505,700 + 290,900 - 485,300

COGS= $311,300

Now, we can determine the gross profit:

Gross profit= net sales - COGS

Gross profit= 759,200 - 311,300

Gross profit= 447,900

imagine braintly not allowing you to talk to a helping hand. yall doing too much that's why they think they the Kardashianios​

Answers

Answer:

That's just how they are lol

Answer:

FOREALLL

Explanation:

These activities on the statement of cash flows represent the cash flows that arise out of notes payable. a.) Investing Activities
b.) Financing Activities
c.) Operating Activities
d.) Earnings Activities

Answers

These activities on the statement of cash flows represent the cash flows that arise out of notes payable c.) Operating Activities.

Operating activities are really the things a business undertakes to consistently advertise its goods and services. Non-operating activities are such occurrences that may have an impact on sales, costs, or cash flow but are unrelated to the regular, main activity of the company. Operational actions consist of: deciding on a plan.

The tasks a company performs that are directly relevant to offering its products and/or services here to market are referred to as operating activities. A product or service is manufactured, distributed, marketed, and sold. Those are the company's primary commercial activities.

The first section of a company's financial statement is the cash flow by operating operations portion. It is used to describe how a business obtains money from ongoing, routine commercial operations, such as sales and manufacturing.

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why would the federal reserve enact an easy money policy

Answers

Answer:

Easy money is a representation of how the Fed can stimulate the economy using monetary policy. The Fed looks to create easy money when it wants to lower unemployment and boost economic growth, but a major side effect of doing so is inflation.

Explanation:

1 Which one of the following is not Which one of the key roles / purposes of marketing within
business?
A To identify potential customer groups
B To inform customers about the business's product or service
C To prepare cash flow forecasts
D To understand customers and their needs
Your answer

i

Answers

I’m pretty sure it’s B sorry if I’m wrong


Morris purchased shares of FB at $230. If he doesn't want to lose more
than 5% of his investment, at what price should he set a stop-loss at? *
$11.50
$115
$218.50
$225

Morris purchased shares of FB at $230. If he doesn't want to lose morethan 5% of his investment, at what

Answers

Answer:

a because they lost 5% of it so subtract that by 230 and that's how u get it

Explanation:

I'm not sure

I don´t get it plzz help me

I dont get it plzz help me

Answers

What are your work values? If you don’t know you can Google ‘work values examples’ then you can find a job that best suits those specific values you chose.

Explain the reason for that the induced torque of the motor is zero at synchronous speed.
Sketch the Torque /Slip curve, and explain. Change R2 (Rotor resistance) for the following values (Ry < Rx

Answers

The Torque/Slip curve shows the relationship between the torque and slip of an induction motor, and changing the rotor resistance can shift the curve.

How can we Sketch the Torque /Slip curve?

The reason that the induced torque of the motor is zero at synchronous speed is due to the fact that at this speed, the rotor and stator magnetic fields are in perfect alignment. As a result, there is no relative motion between them, and hence no torque is produced.

The Torque/Slip curve is a graph that shows the relationship between the torque and slip of an induction motor. At zero slip, the torque is maximum, and as the slip increases, the torque decreases. When the slip reaches the synchronous speed, the torque becomes zero. This can be seen as a point where the curve crosses the X-axis.

When R2 (Rotor resistance) is changed for different values, the torque/slip curve shifts. If the rotor resistance is decreased, the curve shifts to the right, meaning that the maximum torque occurs at a higher slip value. This is because a lower rotor resistance causes the rotor current to increase, leading to a larger rotor magnetic field, which in turn results in a larger torque. Conversely, if the rotor resistance is increased, the curve shifts to the left, meaning that the maximum torque occurs at a lower slip value. This is because a higher rotor resistance reduces the rotor current, resulting in a smaller rotor magnetic field and hence a smaller torque.

In conclusion, the induced torque of an induction motor is zero at synchronous speed because there is no relative motion between the rotor and stator magnetic fields. The Torque/Slip curve shows the relationship between the torque and slip of an induction motor, and changing the rotor resistance can shift the curve.

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who will win the fight tomorrow jake paul or ben askren
winner gets brainlest

Answers

Answer:

prolly ben askren  

Explanation:

cause he was an ameture wrestler before

Answer: Ben askren bro  

Explanation:

In the bcg matrix, ________ are characterized by high share and low growth and are the key sources of internal cash generation for a firm.

Answers

In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.

What is the bcg matrix?

This is the term that is used to refer to the way that the products of a business is analyzed. The reason why this is done is so that it would be able to aid in the strategic planning of the business. It helps in the assessment of the current state of the product line that the business owns.

Hence we can conclude that In the bcg matrix, cash cows are characterized by high share and low growth and are the key sources of internal cash generation for a firm.

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what is the modern technology used instead of traditional Technology​

Answers

Answer:

Many traditional technologies are being replaced by the modern technologies. For example, typewriters have been replaced by computers.

Differentiate between traditional and modern technology.

Explanation:

Traditional Technology: For photography, film camera was used. Modern Technology: For photography, the digital camera is used.

Answer: The wheel

Explanation:

your question is rather vague, so ill give an example of modern technology based off of traditional technology))

During the stone age, wheels were created, and they used traditional methods to make such wheels.

Now, wheels are used on many things using modern technology, factory equipment and usually nobody hand-makes wheels for industrial use traditionally anymore.

Some consumption goods tend to have price insensitive demand. An example of inelastic demand is groceries. Other goods have elastic demand. An example of elastic demar is vacation homes. If the government is interested in placing the highest tax burden on firms, which good should they tax? A.Vacation homes. B.All of the above C.Groceries

Answers

If the government is interested in placing the highest tax burden on firms, they should tax vacation homes, which have elastic demand.

Goods with inelastic demand, such as groceries, are considered necessities, and consumers will continue to purchase them even if the price increases. As a result, firms have some pricing power and can pass some of the tax burden onto consumers, without losing a significant amount of sales. In contrast, goods with elastic demand, such as vacation homes, are more discretionary and consumers are more likely to reduce their demand or switch to alternative goods if the price increases. This means that firms have less pricing power and are less able to pass on the tax burden to consumers. As a result, a tax on vacation homes would likely have a greater impact on firms than a tax on groceries, as consumers are more likely to respond to the higher prices of vacation homes by reducing their demand or finding alternative options.

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