Business, 01.09.2019 02:30 cancerbaby209

This year is expected to be a great one for selling walk shoes in georgia. at very low prices, only the most efficient shoemakers 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.

Answers: 1

Show answers

Answers

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)

At the 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.

Ther you have the graph.

Answer from: Jasoncookies23

In economics terms, the supply curve is the curve that represents the relationship between the price snd the quantity of the goods and services consumed. The vertical axis of the graph shows the product price and the horizontal axis shows the quantity of the product consumed.

The information that gives the basic points for the construction of the graph:

Point 1:

$\text{At the price of \$10, the offer}= 2\times1,000\: shoes == (10, 2,000)$

$\text{At the price of \$25, the offer} = 10\times1,200 \:shoes = (25, 12,000)$

$\text{At the price of \$40, the offer} = 10\times1400 + 4\times500 = (40, 16,000)$

The points are not aligned because the increase in the price of $15 from 10 to 25 the offer increases in 10,000 shoes; but the increase in the price $15 from 25 to 40, the offer increases by 4,000.

To draw the graph:

Use a perpendicular coordinate system with the price on the horizontal axis and the offer on 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.

And the graph is paved.

To know more about the paving of the graph points, refer to the link below:

link

Answer from: Quest

It would be choice b (randomly selected)

Answer from: Quest

answer; organization;

Another question on Business

Business, 22.06.2019 04:40

Dahlia enterprises needs someone to supply it with 127,000 cartons of machine screws per year to support its manufacturing needs over the next five years, and you’ve decided to bid on the contract. it will cost you $940,000 to install the equipment necessary to start production; you’ll depreciate this cost straight-line to zero over the project’s life. you estimate that in five years, this equipment can be salvaged for $77,000. your fixed production costs will be $332,000 per year, and your variable production costs should be $11.00 per carton. you also need an initial investment in net working capital of $82,000. if your tax rate is 30 percent and your required return is 11 percent on your investment, what bid price should you submit? (do not round intermediate calculations and round your final answer to 2 decimal places. (e.g., 32.16))

Answers: 3

Answer

Business, 22.06.2019 16:00

Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?

Answers: 1

Answer

Business, 22.06.2019 19:40

When a company produces and sells x thousand units per week, its total weekly profit is p thousand dollars, where upper p equals startfraction 800 x over 100 plus x squared endfraction . the production level at t weeks from the present is x equals 4 plus 2 t. find the marginal profit, startfraction dp over dx endfraction and the time rate of change of profit, startfraction dp over dt endfraction . how fast (with respect of time) are profits changing when tequals8?

Answers: 1

Answer

Business, 22.06.2019 21:50

Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.

Answers: 3

Answer

You know the right answer?

This year is expected to be a great one for selling walk shoes in georgia. at very low prices, only...

Questions