describe the relationship between supply and demand in your own words

Answers

Answer 1

Answer:

Supply: In economic terms, supply is the amount of resources or products that are provided by the company or an organization to the public or the targeted marketed. For example a toy making company would be providing toys to people with children, who are in need of toys.

Demand: It is an economic concept that states the need of a product or service. People or organizations have needs which are fulfilled by products and services. For example, the need for toys of people with children is known to be their demand which is then fulfilled by companies.


Related Questions

You get a 15% discount if you buy a new range listing at $924.95 and a new freezer listing at $12,695.95 on the same bill. What is the total savings for both with your discount?

Answers

Answer:

$ 2,043.14

Explanation:

The shelf price for the two items are $924.95 and $12, 695.95

The total price for both will be

=924.95 + 12, 695.95

=$13, 620.9

A 15% discount on both equals to 15/100 x 13,620.9

=0.15  x 13,620.9

=2,043.135

=$ 2,043.14

Answer:

$ 2,043.14

Explanation:

the branch of agriculture that deals with the distribution of farm produce is?​

Answers

Answer:

Farm tools and machinery. Agriculture engineering is a branch of agriculture that deals with use and maintenance of farm tools, machinery and structures. Marketing agricultural produce. Agriculture economics is a branch of agriculture which deals with the utilization of scarce resources.

Explanation:

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Featured snippet from the web
Horticulture. Horticulture is the branch of agriculture that deals with the art, science, technology, and business of vegetable garden plant growing (fruits, nuts, vegetables, herbs, seeds, and flowers).

When creating a budget, you should use...


Gross pay because you should include all of your income when making a budget.


Net pay because it is the only value provided on your pay stub.


Gross pay because it takes into account any deductions to your income.


Net pay because it takes into account any deductions to you income.

Answers

Answer:

The correct answer is letter "D": Net pay because it takes into account any deductions to you income.

Explanation:

Individuals' budgets must be based on their net income. Calculating their net income implies subtracting federal taxes from the gross income of employees' pay stubs. The amount represents the money that will be sent to the workers' bank account or their checks which means that amount is what they will have in their pockets.

Final answer:

When creating a budget, it is recommended to use net pay because it reflects the amount of money you will have available for expenses and savings.

Explanation:

When creating a budget, it is recommended to use net pay because it takes into account any deductions to your income. Net pay is the amount you receive after taxes, contributions, and other deductions have been taken out. Gross pay, on the other hand, is the total amount of money you earn before any deductions.

Using net pay allows you to have a more accurate representation of the amount of money you have available for expenses and savings. It reflects the actual amount of money you will have in your bank account.

Here's an example:

Your gross pay is $2,500 per month, but after taxes, insurance, and retirement contributions, your net pay is $2,000. When creating your budget, it is important to base it on your net pay of $2,000, as this represents the actual income available to you.

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What is capitol gain?

Answers

Explanation:

It is the amount of profit gained by the organization by selling the stock, bond or other real estates.If the value of selling price is higher than the cost price then it means that the capital gain is achieved.The gain amount is calculated by subtracting the higher selling price with the lowest cost priceExample of capital assets are: mutual fund, stock, house, land, etcIf you achieve a capital gain, then you need to pay tax for it.

Capital gain refers to the profit made from selling an asset for more than its purchase price. It is applicable to a variety of assets such as real estate, stocks, and bonds. Capital gains can be short-term or long-term, depending on the holding period of the asset.

A capital gain is realized when an asset is sold at a price higher than its original purchase price. It applies to various types of assets including real estate, stocks, bonds, and collectibles. There are two types of capital gains: short-term and long-term.

Short-term capital gain: Earned from the sale of an asset held for one year or less and typically taxed at ordinary income tax rates.Long-term capital gain: Earned from the sale of an asset held for more than one year and is usually taxed at a lower rate compared to short-term capital gains.

Capital gains are crucial for investors as they significantly impact investment decisions and tax planning. Proper understanding of capital gains can aid in optimizing after-tax returns on investments.

Which of the following is true about the interest rate of a Direct PLUS Loan?

Answers

The interest rate is fixed is true about the interest rate of a Direct PLUS Loan.

Explanation:

The federal loans which can be used by college or technical graduates and parents of participating undergraduate students to find a way to pay for educational expenses is understood as Direct PLUS loans. Direct PLUS loans have a fixed rate mortgage and are not subsidized, meaning debt increases when the borrower is enrolled in school. It's usually known as a parent PLUS loan when it's provided to a teacher, and as a grade PLUS loan when it's rendered to a graduate student.

Answer:

the  interest rate is fixed

Explanation:

apex

A restaurant supply store is trying to determine how many boxes of a certain commonly used item to order. They estimate that that the demand for the item averages 30 boxes per week. The ordering cost is $10 per order and it costs $20 to hold one box in inventory for one year. The lead time for orders is always 1.5 weeks and inventory is managed with a continuous review policy. Show all your work for all parts.

(8 pts.) a) Determine the economic order quantity (that is, how many boxes they should order to minimize their cost) and the corresponding total annual cost.

(4 pts.) b) Calculate the reorder point and state when they should place an order.


(6 pts.) c) Suppose the store orders every two weeks (rather than your answer to part a). How large is an order on average and what is the total annual cost? How much more does this cost than using the best order size?

Answers

Answer:

Part a:

EOQ = 40 units

Part b:

Re-order point = 45

Place an order when inventory falls to 45 units.

Part c:

Annual cost= Q*H/2+ D*S/Q = $861

The difference in cost= 861- 791 = $70 more than best order size.

Calculate the reorder point and state when they should place an order.

Explanation:

Demand per week = 30 boxes

Weeks per year = 52

Annual demand = Demand per week × Weeks per year

Annual demand = 30 boxes × 52 weeks

Annual demand = 1,560 boxes per year

Task a:

Determine the economic order quantity (that is, how many boxes they should order to minimize their cost) and the corresponding total annual cost.

Part 1: Economic Order quantity

EOQ = [tex]\sqrt \frac{2CoD}{Ch}[/tex]

Where Co = Ordering cost = $10

D = Annual demand = 1,560

Ch = Holding cost = $20

EOQ = [tex]\sqrt \frac{2(10)(1,560)}{20}[/tex]

EOQ = 39.49 units = 40 units

Part 2: Total annual cost at EOQ level:

At Economic Order Quantity (EOQ), the total annual ordering cost and holding cost are all equal:

Annual ordering cost = (Annual demand × Ordering cost per order ) ÷ EOQ

Annual ordering cost = (1,560 × $10) ÷ 40

Annual ordering cost = $390

Annual holding cost = ((1,560 × 20)/40) ÷ 2

Annual holding cost = $390

Part b:

Calculate the reorder point and state when they should place an order.

Part 1: Re-order point

Re-order point = (Annual demand÷week)×lead time

Re-order point = (1,560 ÷ 52) × 1.5

Re-order point = 45

Part 2: When they should place an order.

Place an order when inventory falls to 45 units.

Part c

Suppose the store orders every two weeks (rather than your answer to part a). How large is an order on average and what is the total annual cost? How much more does this cost than using the best order size?

Order size= 30 per week* 2weeks= 60 units

Annual cost= Q*H/2+ D*S/Q = $861

The difference in cost= 861- 791 = $70 more than best order size.

Why do people sometimes use credit to pay for items instead of just using cash?

Answers

So they don’t have to carry money around
Final answer:

People use credit to pay for items because of its convenience, versatility, and because it can serve as a deferred payment system. However, it can lead to high interest costs that exceed any gains from savings accounts.

Explanation:

People sometimes use credit to pay for items for various reasons. For instance, credit cards, debit cards, and smart cards are all different ways to move money when you make a purchase, offering convenience and ease of use. The use of these payment systems does not necessarily change the quantity of money in the economy, as having more credit cards or debit cards does not mean one has more money – it's similar to how printing more checks doesn't increase the amount of money in your checking account.

Credit can also serve as a standard of deferred payment, allowing individuals to make purchases today that they will pay off in the future. Additionally, it can sometimes be easier to access the money from credit for transactions than to physically remove money from a savings deposit bank account, which often needs you to make a trip to the bank, or to an automatic teller machine.

However, there are downsides to using credit. For example, a person might carry a credit card debt, resulting in high interest costs that can exceed any gains from a savings account. As such, it's important to understand the advantages and disadvantages associated with credit before using it to pay for items.

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Which type of bank account typically offers the least
interest?

Answers

Answer:

Savings accounts

Explanation:

Savings accounts

Answer:ya mum

Explanation:

Gross wage refers to the wage an employee earns before deductions are subtracted.
True
False?

Answers

Answer:

True

Explanation:

Gross wage is the pay before adjusting for taxes and other deductions. The term gross means before deductions. For example, when calculating profits, gross profits means the earnings before deducting expenses.

Net wages contrast gross wages. While gross wages do not include deductions, net wages is the income after adjusting for all deductions.  Calculating the gross wage will include involves adding basic pay and other earnings such as commissions, allowances, and bonuses.

Today most state corporate statutes are at least partially based on the .

Answers

Today most state corporate statutes are at least partially based on the revised model business corporation act.

Explanation:

A fundamental gathering of legislation drawn up by the American Bar Association's Business Law Section's Committee on Corporate Laws and adopted by twenty-four states is understood as a MBCA or Model Business Corporation Act. It has shaped the forming of U.S. corporate law principles.

MBCA's expanded adoption added considerable clarification to several ambiguity and other problems related to corporate law. The New Model Business Corporation Act (RMBCA), a updated version of the MBCA, now governs most states.


Which of the following is a form of fiat money that is commonly used today?
O A. Commodity money
O B. Digital money
O
C. Non-perishable money
O
D. Credit cards

Answers

Final answer:

Digital money is a form of fiat money commonly used today, valued by government decree, different from commodity money like gold, and not to be confused with credit cards which are a means of payment rather than money itself.

Explanation:

The form of fiat money that is commonly used today is digital money. Unlike commodity money, such as gold or silver, which has value due to its own physical properties, fiat money has value only because a government decrees that it does. Most modern monetary systems, including the use of banknotes and digital currency, rely on this concept of fiat money.

While credit cards are a common payment method, they do not represent money itself; rather, they facilitate the transfer of fiat money from the cardholder's account to the seller and provide a short-term loan from the card issuer to the cardholder.

The correct answer is B. Digital money  is a form of fiat money that is commonly used today.

Fiat money is a government-issued currency that is not backed by a physical commodity, such as gold or silver. Instead, it has value because a government maintains its value through the issuance of coins and paper notes. Today, fiat money is used in most countries around the world and includes both physical currency (coins and banknotes) and digital money, which is the electronic representation of currency. Therefore, digital money (B) is the correct answer because it represents the electronic form of fiat money that is widely used today.

Which ideas are supported by details or evidence from this passage?

A) Sacramento is currently one of the most prosperous areas of California.
B) The Californian coast has an amazing wealth of natural sites and resources.
C) Transportation in the Sacramento Valley underwent an evolution from necessity.
D) The valley's climate necessitated transportation that could withstand inclement weather.

Answers

Answer:

C. Transportation in the Sacramento Valley underwent an evolution from necessity.

Explanation:

i did it on Usatestprep

Answer:

Transportation in the Sacramento Valley underwent an evolution from necessity.

Explanation:

USATP Interim/Quiz Answer

What steps do SERM companies take to ensure that the customers leave with more than an experience?

Answers

Answer:

1. Understand your customers

2. Create familiarity through more ways to engage

3. Create a common enemy

3. Which word relates to problem solving!
a. brain-storming
b. cheating
c. laziness
d. all the above

Answers

Answer:  The correct answer to this question is an

option a. brain-storming.

Explanation: Brainstorming is a problem-solving method that involves the instinctive contribution of creative ideas and solutions. Brainstorming helps when one's stabbed in any hurdles and if any problem comes and he is unable to find the solution for that. When you get confused about preferences and you do not know which step to take first then also Brainstorming helps us. Brainstorming combines an informal approach to problem-solving with lateral thinking, a method for developing new concepts to solve problems by looking at them innovatively.

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16 Type the correct answer in the box. Spell all words correctly. Identify the kind of control decision involved in the given scenario. Rory has been employed by a company to ensure customers have all the products they need and are happy with their products. He also asks them how the company can improve the products and what new products they might be interested in. Rory is a part of the company’s .

Answers

Answer:

its customer service!

Explanation:

Rory has been employed by a company to ensure customers have all the products they need and are happy with their products. He also asks them how the company can improve the products and what new products they might be interested in. Rory is a part of the company’s customer service.

Why is good customer service important?

Customers are more loyal and employees' jobs are made easier when they receive good customer service. This in turn fosters business expansion. Great customer service helps businesses retain talent, recoup costs associated with acquiring new customers, and promote brand loyalty.

The main responsibility of a customer service representative is to communicate with clients in order to address their issues, respond to their inquiries, and meet their needs. Frequently, a customer service representative will respond to emails and phone calls from customers, addressing their queries and issues.

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"Which type of report would help the company study available options and how should it be organized?"

Answers

a yardstick report would be used. it would be organized indirectly, describing the problem, explaining alternatives, establishing criteria for comparison, evaluating each alternative in terms of the criteria, and making recommendations.

It would be reported using a yardstick. It would be structured in an indirect manner, outlining the issue, outlining potential solutions, developing comparison criteria, assessing each solution in light of the criteria, and offering suggestions.

What are the strategies for outlining?

Start with a main idea or thesis, which is a succinct statement of the essential point. Using prefix labels to separate and further divide themes will provide you a rudimentary overview of key concepts and ideas. Provide additional detailed examples or supporting data to back up such claims.

The planning approach for the essay must include an outline. It enables the author to comprehend how all the data will be connected to support the thesis statement and the paper's arguments. Additionally, it gives the writer a place where they may work with their thoughts without having to create full paragraphs.

College students most often take notes using the outlining technique, which automatically arranges the information in a highly ordered, logical way.

Thus, It would be reported using a yardstick. It would be structured in an indirect manner.

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the type of authority that flows up and down the chain of command is known as

Answers

Answer:

Line authority

Explanation:

Line authority is also known as a chain of command. Chain of command is practised all over the world in various fields of life. Line authority is a technique that helps to solve various power issues between the employees. It is a way to appoint people as commander or managers. Everyone else follows them, and this chain of command consists of a long list of people from CEO to labour unions and labour managers.

Choose the answer.
What is the discovery process used by search engines to find new or updated
content known as? Choose the answer
1.researching
2.searching
3.crawling
4.indexing

Answers

Answer:

the answer is reaserching

i’m pretty sure the answer is crawling

If you were starting a new software development company and could locate it anywhere in the world, which place would you choose?
Provide an explanation of the variables you would consider in selecting the country and justify your rationale.

Answers

I would choose a country that’s cheap to produce, like China, in so I make more profit and can improve my product as I go

16. When filing by subject, which of the following would be filed first? *
O
a. Accounting
b. Finance
O
c. Additional information
d. Books

Answers

Answer:

C. additional information

Explanation:

When you gather data, the most important thing that you need to fill first is the identity of the subjects.

In business, the data that companies take through questionnaires is made in order to read the market's trends or customers' general preference. In order for the data to be usable, the companies need to be able to differentiate subjects based on different characteristics (such as age, gender, income level, etc). All of this information is filled under the additional information box on every files.

Wright maintains an ending inventory for each month in the amount of one and one-half times the expected sales in the following month. The ending inventory for February (March’s beginning inventory) reflects this policy. Materials cost $5 per unit and are paid for in the month after production. Labor cost is $9 per unit and is paid for in the month incurred. Fixed overhead is $13,000 per month. Dividends of $20,200 are to be paid in May. The firm produced 7,000 units in February.

Answers

Explanation:

In the above problem the cash payments of wright corporation is given. From which the production schedule and summary of payments for the month of March, April and May are calculated.

The inventory of the given month is taken as 1.5 times the projected sales for the next month.  Material cost and labor cost is given per unit cost on the projected sale for last month.

How to do: -7x^2-24x-9=−7x

Answers

(x+3)(−7x−3)

​  Hope this helps!

Due to the nature of its work____ the function does not exist in case of a______
a)
1) production , 2 )finance , 3) human resources
b)
1) oil refinery , 2) supermarket , 3) Construction company

Answers

Answer:

Due to the nature of its work production the function does not exist in case of  oil refinery

Explanation:

Final answer:

The functions and departments a business needs depend on the type and nature of the business, as each type of business has its unique operations and needs. For instance, a production function is necessary for an oil refinery or a construction company, but not for a finance company.

Explanation:

Based on the context, I believe the question is related to business operations where a certain function of the business may not exist due to its nature. One interpretation could be a scenario where an oil refinery might not need a retail function like a supermarket does, likewise, a supermarket may not need a drilling function like an oil refinery. A construction company might not have a strong need for a human resources department if it mainly employs contract labor rather than full-time employees.

For example, production function is necessary for an oil refinery or a construction company, but not for a finance company. Similarly, a supermarket needs a procurement function for inventory management, but an oil refinery may not. It varies from business to business, based on the nature of the business.

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Discuss two reasons why economies have an informal sector. ​

Answers

Answer: Due to labor absorption and the cost of a regulatory barrier.

Explanation:

Thus, labor absorption occurs, especially in areas with high population and urbanization rates. The reason why the economy also has an informal sector is the fact that there are too many costs and a regulatory barrier to entry into the formal economy, often motivated by corruption. The informal sector is needed in order not to weaken the institutions, which entails a weakening of the economy.

Answer:

Explanation:

Thus, labor absorption occurs, especially in areas with high population and urbanization rates. The reason why the economy also has an informal sector is the fact that there are too many costs and a regulatory barrier to entry into the formal economy, often motivated by corruption. The informal sector is needed in order not to weaken the institutions, which entails a weakening for cats :)

Marshall's Sweets sells donuts in packages of 8. Across town, Sullivan Pastries sells donuts in
packages of 40. If Jeff wants to buy the same number of donuts from each bakery for a taste
test, what is the smallest number of donuts he will have to buy from each?​

Answers

Answer:

40 donuts

Explanation:

There are two packages of donuts with a different number of donuts inside the package. We want to find out the smallest number of packages that will give the same number of donuts. This can be solved by finding out the least common multiplier(LCM) of both packages. First packages are 8, the factor will be:

8= 2 * 2 * 2= 2^3

The second package is 40, the factor will be:

40= 2* 2 * 2 * 5= 2^3 * 5

We can see that the highest factor for 2 is 2^3 and the highest factor for 5 is 5, then the LCM will be 2^3 * 5 = 40.

Jeff needs to buy 40 donuts, 5 packages from Marshall's Sweets or 1 package from Sullivan Pastries.

a growth plan is the same as a business plan. True or False?​

Answers

Answer:false

Explanation:Business Plans are very useful to gain external funding from banks or investors. In contrast, a Growth Plan provides a deeper dive by exploding the “go-to-market” section that is typically seen in a Business Plan into a more granular plan on how to engage and create value for customers to move the revenue dial

A car was purchased for $4500 down and payments of $375 at the end of each month for 5 years. Interest is 9.72% compounded monthly. What was the purchase price of the car?

Answers

Answer:

$21,080.2

Explanation:

The price of the car will be the down-payment plus the future value of 375 paid each month for 5 years compounded monthly at 9.72%.

The formula for calculating future value is

PV = P ×  1 − (1+r)−n

  r

PV is $350

r is 9.72 % or 0.0972 % per year or 0.0081

t is five year or 60 months

FV = 350 x (1-(1+0.0081)-60

  0.0081

Fv =350 x 1-0.61628715419

  0.0081

FV =350 x( 0.38371284581/0.00810

FV =350 x 47.371956

FV =16,580.20

The value of the car = $4500 + 16,580.20

=$21,080.2

Explain why we can say that maximizing firm value is equal to maximizing stockholders’ equity.

Answers

Answer:

Because stakeholders are a part of the company

Explanation:

Stakeholders and stockholders are the people who are considered as a major part of any organisation. Shareholders, managers, owners and employees are the stakeholder. Increase in the firm’s value indirectly benefits the shareholders because it also improves their value and it also maximises their shareholder equity. Increase in the firm’s value means an increase in the share price and equity.

Can you someone answer these for me will be marked brainliest. ( Career Management) If you need the passage look up learning for earning chapter 8.

Answers

Explanation:

All the below answers purely depend on individual. This is my own opinion.

What courses will you take in high school?

Since I am planning to become software engineer, I would take a course in high school such that where a computer science or application becomes most important.

How much effort will you put in studies?

I will put the maximum effort to achieve the goal. Only studies can make my goal be achieved

What skills do you develop?

Since my aim is software engineering, I would develop logical thinking, problem-solving, understanding requirement etc.

Training beyond high school?

Additional courses pertaining to the learning new programming application. Example: Java, C++, etc

What careers will you explore?

Entirely about the "Software field". There are many options where I can employ my skill sets. So better to know the whole domain.

Macro Economics help

Answers

Macro Economics help is the following

Explanation:

1.Macroeconomics studies the short run and long run effects on GDP and GNP to analyze how efficient the economy is behaving.

2.Macroeconomics Help

AD-AS Model. Aggregate Demand. Aggregate Labor Supply. Aggregate Production Function. Aggregate Savings. Aggregate Supply. Asset Market Equilibrium. Bond Pricing and Yields.

3.Economic growth – positive and sustainable growth (The UK, long-run trend rate is around 2.5%)

Low inflation (UK target 2% +/-1) –

Low unemployment / Full employment (e.g. around 3%)

Current account – balance of payments. Satisfactory position (i.e. avoid unsustainable current account deficit)

Low government borrowing/public sector debt.

Exchange rate stability

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