Watkins - 2
.pptx
keyboard_arrow_up
School
Ivy Tech Community College, Indianapolis *
*We aren’t endorsed by this school
Course
538
Subject
Economics
Date
May 7, 2024
Type
pptx
Pages
4
Uploaded by tomika71 on coursehero.com
2.4 Assignment
Supply and Demand
Tomika T Watkins
Indiana Wesleyan University ECO-310-01G Econ Principles for Managers
I have read and understand the plagiarism policy as outlined in the IWU Catalog relating to the IWU Honesty/Cheating Policy. By affixing this statement to the title page of my paper, I certify that I have not cheated or plagiarized in the process of completing this assignment. I also certify that the work submitted is original work specific for this course and to my program. If it is found that cheating and/or plagiarism did take place in the writing of this paper, I understand the possible consequences of the act/s, which could include expulsion from Indiana Wesleyan University.
.
The Law of Supply and Demand is a relationship between the seller and the buyer. This relationship shortly stated ; price of a product and the willingness of the customer who will buy or sell it. Definition Demand
Supply
Supply is the readiness and volume of manufacturers who make products and services to take to markets. Supply relates to a specified cost or the sum given at higher prices which will generate increased revenue and profits Demand is the amount of a good that customers are ready and able to purchase at many prices during a period. The relationship between cost and amount wanted increase the price of a good or service and vice versa. Price Signals Supply Pricing signal for supply informs the customers or manufacturers if the price of a products should or should not be increased. Demand
Pricing signal for demand is when the price of a product or services increase, the demand for it decreases which causes an reverse reaction.
Supply and Demand
Your preview ends here
Eager to read complete document? Join bartleby learn and gain access to the full version
- Access to all documents
- Unlimited textbook solutions
- 24/7 expert homework help
Related Questions
Padico , Inc., has struggled to meet projected revenues for each of the past ten quarters. The firm hired Mark Adams to design a control system and offer suggestions to improve the firm's performance. Which of the following is a key activity that the proposed control system should perform?
a.
performance measurement
b.
corporate governance
c.
organizational structuring
d.
organizational planning
Clear my choice
arrow_forward
please give me explanation as well and don't give me plagiarised answer thanku
arrow_forward
What is the goal of an organizational ethics program? What are the essential elements of an organizational ethics program? Be specific! How would you implement them in your current or future organization.
arrow_forward
Explain 5 employee attendance problems in an organization
arrow_forward
Don't give me AI generated answer or plagiarised answer. If I see these things I'll give you multiple downvotes and will report immediately.
arrow_forward
Timber Solutions Ltd. is expanding and needs to hire more personnel in the accounting office. Leena Barker, the chief accounting officer, knew that her cousin Rose was looking for a job. Leena offered Rose a job as her assistant. Leena will be responsible for Rose’s performance reviews and training.
What suggestions would you make to improve internal control at Time Solutions Ltd
arrow_forward
Distinguish the different duties of a manager and those of an entreprenue
arrow_forward
FOREIGN OBJECTS — AND INSECTS
During 2017 inspections of the Mars Inc. canning facility in Columbus, Ohio, where Pedigree, Iams and Cesar pet foods are manufactured, along with other brands, Mars told inspectors it was hearing consumer complaints about foreign objects — including insects — in the pet food.But the company insisted it was working to fully implement corrective actions.Pest control records at the facility noted damaged cans covered in flies, and dozens of employees had complained about cockroaches in the area, especially at night. Different employees described seeing “multiple roaches,” an “invasion of roaches,” “roaches everywhere” and even “millions of roaches” — which we hope was an exaggeration.Inspectors from the U.S. Food and Drug Administration (FDA) themselves observed 2 live roaches. The FDA stressed the seriousness of the pest problem, and the company “promised correction.”
Around 2015, we started hearing reports of so-called “wires” or plastic…
arrow_forward
Many workplace safety experts say that the causes of workplace accidents are not caused by matters within the control of the employer
true
false
arrow_forward
plzz explain it completely and plzz don't give me plagiarised answer
arrow_forward
Which of the following goals are concerned with creating and maintaining employee and customer satisfaction and social responsibility.
Select one:
a. noneconomic
b. economic
c. public relations
d. welfare
arrow_forward
Research topic: How leadership can positively influence organizational performance.
arrow_forward
Ron Griffin, CIO at The Home
Depot Inc., says the Atlanta-
based home improvement
retailer has tried-and-true
structures in place for
measuring, maintaining, and
growing human's skills and
talents. The company uses a
nine-box grid system to
measure each employee's
performance and potential,
and it offers developmental
courses to bring employees up
to speed on certain issues. The
categories measured include
leadership ability, how an
employee fits into the Home
Depot culture, financial
acumen and project
management capabilities. At
Home Depot, knowledge is
available for employees to
remain up to speed and to
pass such information along to
customers. The above
scenario is a true reflection of
the shift in the world's economy
O from a base of intellectual to
customer capital
the shift in the world's economy
from a base of financial to customer
capital
the shift in the world's economy
O from a base of intellectual to
financial capital
the shift in the world's economy
O from a base of…
arrow_forward
Use the following graph shown to fill in the table that follows
Note:-
Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
20-5. BPO Services is in the business of digitizing information from forms that are filled out by hand. In 2006 , a big client gave BPO a distribution of the forms that tit digitized in house last year,and BPO estimated how much it would cost to digitize each form.
Form types mix of Forms % Form costs $
A 25 0.25
B 25 0.10
C 25 0.15
D 25 0.50
Compute the average cost of digitizing a form.
The client agreed to pay the average cost computed in A for each form that BPO processed, but BPO lost money on the contract. How much did BPO lose, on average, for each form that it processed?
arrow_forward
The impact of covid 19 on the retail industry this include Makro
arrow_forward
Contribution of market structure and profit maximizing behavior to managerial decision making
arrow_forward
An insurance producer who, for the first time, knowingly misappropriates $150 of fiduciary monies is guilty of
A deceptive business practice
An unfair method of competition
A class A misdemeanor
A class 3 felony
arrow_forward
Case summary: Professor W distributed copies of a section from business law text book to his students while he delivered a lecture about business torts at the University. Daughter of one of the textbook authors, present at the seminar, told her father, who in turn filed a suit against Professor W for copyright infringement.
To find: Infringement of the copyright and the result of the case.
arrow_forward
10.2
Note:-
Please refrain from offering handwritten solutions. Please ensure that your response maintains accuracy and quality to avoid receiving a downvote.
Take care of plagiarism.
Answer completely.
You will get up vote for sure.
arrow_forward
SNJOXNJE1/a/NTE1MDg2Mzk5MDY1/details
Open with Google Docs
EOQ QUESTIONS
Question one
Determine optimal number of needles to order, given D = 2,000 units, S = $15 per order, H =
$.50 per unit per year.
Question Two
Calculate the Total annual cost
D= 1,500 units
Q*=250 units S $10 per order N = 5 orders per year H= $.50 per unit
per year T= 50 days.
Question Three
The following information is given to you D= 19,000 units/yr, H = $4/unit/year, S= $25/order.
Calculate the EOQ, Annual holding cost and annual ordering cost.
Question Four
The following information is given to you, D= 200units/yr; H= $4/unit/lyear, Q= 60. Calculate
the annual setupcost.
Question Five
1/ 3
1. An auto parts supplier sells Hardy brand batteries to car dealers and auto mechanics. The
Page
arrow_forward
Solve step by step with details explanation and no plagiarism , otherwise I will give you downvote
arrow_forward
Quantity of
Utensils demanded Revenue
Price of
Total
Marginal
Utensil
Revenue
$50
100
$45
200
$40
300
$35
400
|$30
500
$25
600
$20
700
$15
800
$10
900
arrow_forward
When examining an insurance company’s records, the Director has the authority to
Require the company to create new books and records
Appoint personnel to conduct the examination
Prorate any examination expenses to the company’s captive agents
Demand access to the company records on weekends
arrow_forward
Samantha Ross is the procurement manager for the headquarters of a large Financial company chain with a central inventory operation. Ross’ quick-moving inventory item has a demand of 7,000 units per year. Each unit cost $120, and the inventory holding cost is $15 per unit per year. The average ordering cost is $31 per order. It takes about 6 days for an order to arrive. (This is a corporate operation, and there are 250 working days per year.)
a) What is the average inventory if the EOQ is used?
b) What is the optimal number of orders per year?
arrow_forward
Choose a current news item about a company enduring a difficult situation
such as layoffs, misconduct, bankruptcy, or a CEO being fired. From this
article, please write an internal memo as if you aré VP of communications
to employees explaining what happened in the best light possible including
consequences. An example might be that because this particular situation
occurred, i.e., bankruptcy, 50% of the company's workforce will be
terminated immediately. Remember to communicate in a professional,
factual manner.
arrow_forward
Summary of the Case Against Boeing
arrow_forward
wages
Problem 5. From the following data relating to a
irm estimate the operating surplus:
(* '000)
350
(i) Interest
50
(ii) Net Rent
(iii) Undistributed Profit before Tax
100
(iv) Subsidies
(2) Dividends
20
80
arrow_forward
9
This is a timed practice test for my upcoming final and the professor said that I can ask for assistance. Please do not report this as cheating, as I had issues with this before. Thank you
arrow_forward
SEE MORE QUESTIONS
Recommended textbooks for you
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning
Related Questions
- Padico , Inc., has struggled to meet projected revenues for each of the past ten quarters. The firm hired Mark Adams to design a control system and offer suggestions to improve the firm's performance. Which of the following is a key activity that the proposed control system should perform? a. performance measurement b. corporate governance c. organizational structuring d. organizational planning Clear my choicearrow_forwardplease give me explanation as well and don't give me plagiarised answer thankuarrow_forwardWhat is the goal of an organizational ethics program? What are the essential elements of an organizational ethics program? Be specific! How would you implement them in your current or future organization.arrow_forward
- Explain 5 employee attendance problems in an organizationarrow_forwardDon't give me AI generated answer or plagiarised answer. If I see these things I'll give you multiple downvotes and will report immediately.arrow_forwardTimber Solutions Ltd. is expanding and needs to hire more personnel in the accounting office. Leena Barker, the chief accounting officer, knew that her cousin Rose was looking for a job. Leena offered Rose a job as her assistant. Leena will be responsible for Rose’s performance reviews and training. What suggestions would you make to improve internal control at Time Solutions Ltdarrow_forward
- Distinguish the different duties of a manager and those of an entreprenuearrow_forwardFOREIGN OBJECTS — AND INSECTS During 2017 inspections of the Mars Inc. canning facility in Columbus, Ohio, where Pedigree, Iams and Cesar pet foods are manufactured, along with other brands, Mars told inspectors it was hearing consumer complaints about foreign objects — including insects — in the pet food.But the company insisted it was working to fully implement corrective actions.Pest control records at the facility noted damaged cans covered in flies, and dozens of employees had complained about cockroaches in the area, especially at night. Different employees described seeing “multiple roaches,” an “invasion of roaches,” “roaches everywhere” and even “millions of roaches” — which we hope was an exaggeration.Inspectors from the U.S. Food and Drug Administration (FDA) themselves observed 2 live roaches. The FDA stressed the seriousness of the pest problem, and the company “promised correction.” Around 2015, we started hearing reports of so-called “wires” or plastic…arrow_forwardMany workplace safety experts say that the causes of workplace accidents are not caused by matters within the control of the employer true falsearrow_forward
- plzz explain it completely and plzz don't give me plagiarised answerarrow_forwardWhich of the following goals are concerned with creating and maintaining employee and customer satisfaction and social responsibility. Select one: a. noneconomic b. economic c. public relations d. welfarearrow_forwardResearch topic: How leadership can positively influence organizational performance.arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Managerial Economics: A Problem Solving ApproachEconomicsISBN:9781337106665Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike ShorPublisher:Cengage Learning
Managerial Economics: A Problem Solving Approach
Economics
ISBN:9781337106665
Author:Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:Cengage Learning