This year is expected to be a great one for selling walk shoes in Georgia. At very low prices, only the most efficient shoemaker
s are able to sell. There are two shoe producers that operate with the most cost-effective equipment and skilled personnel, each of which can put 1000 shoes in the market at $10. At a higher price, eight more shoemakers will enter the market. Each producer makes 12000 shoes at $25 per pair. If the price goes to $40 per pair, the existing firms increase production to 1400 each, plus four small shops open, each of which produces 500 shoes. Graph the supply curve.
All that information gives you three points to make the graph.
Point 1:
At the price of $10, the offer is 2*1,000 shoes => (10, 2,000)
Atthe price of $25, the offer is 10*1,200 shoes => (25, 12,000)
At the price of $40, the offer is 10*1400 + 4*500 => (40, 16,000)
Then you have three points. You can check that their are not aligned because when you increase the price $15 from 10 to 25 the offer increases in 10,000 shoes; but when you increase the price $15 from 25 to 40, the offer increases 4,000.
To draw the grpah:
- use a perpendicular coordinate system with the price in the horizontal axis and the offer in the vertical axis,
- lable the horizontal axis with the prices from 10 to 50 and the vertical axis with the offers from 1,000 to 18,000.
- draw the three calculated points (10; 2,000) , (25; 12,000) and (40; 16,000)
- draw a curved line that passes through the three points.
I found the same question but it had choices. The choices were: a) retail bank b) commercial bank c) savings and loans d) credit union
The type of banking institution that is most suitable for Daryl is CREDIT UNION.
Credit Union is defined as a member-owned financial cooperative. They offer banking services but these are offered to their members. They grant loans and interest paid on those loans are also given to member-owners as dividends.
Daryl will not only earn interest from his checking and savings accounts, he will also earn dividends. Any bank fees issued by the cooperative will be returned to them in the form of dividends.
Based on the scenario being described it can be said that the marketing strategy that is being illustrated is known as Place Marketing. This is a business strategy that focuses on mainly attracting different investors, visitors (tourists) or talent to the company/business. This is term brings in potential customers that increase revenue for the businsess.
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
If Rita and Jose want to assess their progress overtime and they want to read their status each year so, should prepare balance sheet for each year because balance sheet represent the organization's financial position. It tells us that what an organization had over the past years of business. All the income and losses of each year is accumulated in the balance sheet to show the net position at a point of time. Cash flow and federal income tax return are prepared to show the data specific period only.
