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mixer [17]
2 years ago
12

Which of these statements explains the term supply?

Business
2 answers:
Black_prince [1.1K]2 years ago
7 0
Your answer is : A)
Supply refers to the seller's ability and desire to sell goods and services
Aleks [24]2 years ago
4 0

The term supply refers to the seller's ability and desire to sell goods and services that the buyer is demanding. Supply and demand go hand in hand, if a person wants to purchase a product or service then the supplier needs to have it available for purchase. The best term to describe supply is A. Supply refers to the seller's ability and desire to sell goods and services. If there is a supply of a good, a consumer is more likely to purchase it and continue to purchase it if it is readily available.

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Two workers have the job of placing plastic labels on packages before the packages are shipped out. The first worker can place 1
monitta

Answer:

The correct answer is: The second worker.

Explanation:

Productivity is an economic term describing the relationship between outputs as compared to inputs needed to produce those outputs. It is a measure of efficiency. Typically inputs are raw materials, labor, and capital assets. Outputs are generally expressed as either revenue or total units of finished goods.

In the example, a form to measure each worker's productivity is comparing how many plastic labels they can place per hour. Thus:

  • Worker 1: <em>1000 per 1/2 hour (30 minutes) </em>
  • Worker 1: <em>2000 per 1 hour  </em>

  • Worker 2: <em>850 per 1/3 hour (20 minutes)</em>
  • Worker 2: <em>2550 per 1 hour </em>

Then, the second worker is more productive.

3 0
2 years ago
Your landlord has held one month's rent of $875 as a security deposit from which any damage repair will be deducted. You have le
Norma-Jean [14]

<u>Answer:</u> $455

<u>Explanation:</u>

Security deposit with the landlord  =$875

Calculation of painting cost

Given

Painting charges= $5.25

Size = 8ft x 10ft = 80 Sq.ft

Total painting charges= 80 Sq.ft x $5.25

=$420

Calculation of security deposit to be returned

= Total security deposit - painting charges

=875-420

=$455

So from the above calculations it is clear that $455 would be returned to me by the landlord.

8 0
1 year ago
Olympia Marketing has instituted new policies around misappropriation of assets, conflicts of interests, and kickbacks. Also wit
777dan777 [17]

Answer:

b) policies and procedures manual.

Explanation:

A company's policies and procedures manual is essential for establishing norms and rules that will guide the company's operation.

Through corporate policies, it is possible to determine actions, conducts, practices and values ​​that the company adopts in order to achieve its objectives and goals, and demonstrate what are its fundamental values ​​that give this organization its own identity and the foundations that will make it different from other companies in the competitive market.

8 0
2 years ago
When the Toyota Prius first entered the marketplace, dealers kept waiting lists of people wanting one and the factories had to r
slavikrds [6]
<h3>Increased factory product indicates derived demand is True statement. </h3>

Explanation:

The dealers kept waiting lists of people wanting Toyota Prius, so ordering more raw materials required to ramp up production is a clear example of derived demand.

Derived demand is an economic term that describes the demand for a certain good or service arising from a demand for similar, necessary goods or services.  

Derived demand represents the association between the demand of customers for the output of a company and the purchase by the company of the required inputs for the production or assembly of that particular output.

3 0
1 year ago
The admissions director at big city university proposed using the iq scores of current students as a marketing tool. the univers
Vika [28.1K]

The complete question is as follows:

The admission directory of Big City University has a novel idea. He proposed using the IQ scores of current students as a marketing tool. The university agrees to provide him with enough money to administer IQ tests to 50 students. So the director gives the IQ test to an SRS of 50 of the university’s 5000 freshman. The mean IQ score for the sample is xbar=112. The IQ test he administered is known to have a σ of 15. What is the 95% Confidence Interval about the mean? What can the director say about the mean score of the population of all 5000 freshman?

Answer: The 95% confidence interval about the mean is Confidence interval = 107.84 \leq \mu \leq 116.16.

The director can say that he is 95% confident that the mean IQ score of the 5000 freshmen lies between 107.84 and 116.16.

We follow these steps to arrive at the answer:

Since the population standard deviation of the IQ test is known, we can use the Z scores to find the confidence interval.

The formula for the confidence interval about the mean is:

Confidence interval = \overline{X}\pm Z*\frac{\sigma}{\sqrt{n}}

In the equation above, X bar is known as the point estimate and the second term is known as Margin of Error.

The Critical Value of Z at the 95% confidence level is 1.96.

Substituting the values in the question in the equation above we have,

Confidence interval = \112\pm 1.96*\frac{15}{\sqrt{50}}

Confidence interval = \112\pm 4.157787873}

Confidence interval = 107.8422121 \leq \mu \leq 116.1577879

5 0
1 year ago
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