Business, 15.09.2021 19:30 allisonmareesanders2
Question 5 (1 point)
When the market price of a good is below the equilibrium price, and all other
determinants are unchanged
A)
the government will regulate the price of the good to ensure equilibrium is
attained.
B) the quantity demanded will be greater than the quantity supplied.
C) a surplus will exist in the market.
D) the supply curve will be to the right of the demand curve.
Answers: 3
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Three pounds of material a are required for each unit produced. the company has a policy of maintaining a stock of material a on hand at the end of each quarter equal to 30% of the next quarter's production needs for material a. a total of 35,000 pounds of material a are on hand to start the year. budgeted purchases of material a for the second quarter would be:
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Miller mfg. is analyzing a proposed project. the company expects to sell 14,300 units, plus or minus 3 percent. the expected variable cost per unit is $15 and the expected fixed cost is $35,000. the fixed and variable cost estimates are considered accurate within a plus or minus 3 percent range. the depreciation expense is $32,000. the tax rate is 34 percent. the sale price is estimated at $19 a unit, give or take 3 percent. what is the net income under the worst case scenario?
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Question 5 (1 point)
When the market price of a good is below the equilibrium price, and all other...
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