answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
yaroslaw
2 months ago
12

What do economists mean when they say firms are searching for a new equilibrium?

Business
1 answer:
Nady [3.6K]2 months ago
7 0
When a company is trying to identify a new equilibrium, it's usually aiming to establish a fresh quantity for their demanded amount that aligns with what they are offering. Achieving equilibrium is beneficial for a firm, allowing them to meet the exact needs of their customers without incurring losses from unsold inventory. 
You might be interested in
Bickford Company plans to sell 135,000 units in November and 180,000 units in December. Bickford's policy is that 10% of the fol
arsen [3447]

Answer:

$404,000

Explanation:

Production Unit totals $135,000 plus $18,000 minus $14,000, resulting in $139,000.

The labor time for each unit is 30 minutes, equivalent to 0.5 hours.

The total labor hours equate to $139,000 multiplied by 0.5, giving 69,500 hours.

The variable overhead amounts to 69,500 hours multiplied by 5, resulting in $347,500.

Summing up the total overhead costs yields $347,500 plus $56,500, leading to a total of $404,000.

6 0
3 months ago
Which of these pieces of information would fit in a career plan’s career definition section? Check all that apply.
soldi70 [3635]
I plan to work for a newspaper, spend at least half of my time outdoors, and earn a minimum of $20 per hour. Answer: Options 3, 4 & 6 Career plans refer to the preparations someone makes to enter a specific field and sector to earn a living. These plans dictate how one will work, where one will work, and how to best utilize their skills. The statements provided, such as the intention to work for a newspaper or the choice to work indoors or outdoors, represent considerations in forming a plan.
3 0
1 month ago
Read 2 more answers
On the island of Martha's Vineyard, jobs are plentiful during the summer months, but difficult to find in September once the tou
marusya05 [3725]
Answer B is correct. Seasonal. Explanation: Seasonal unemployment arises at certain periods of the year when demand for services or goods decreases compared to other times. This scenario frequently occurs in tourist regions, like the one described in the provided question, where job demand spikes during peak tourist seasons. Ideally, workers facing seasonal unemployment should seek economic adjustments in low-demand months and diversify their activities to ensure continued income. Government intervention through public employment policies is also critical to mitigate this issue.
8 0
1 month ago
Other questions:
  • In a state of market equilibrium, the intrinsic value of the stock will be the market price of the stock. An analyst with a lead
    15·1 answer
  • Gamma, Inc. has struggled for industry dominance with Ardent, Inc. its main competitor, for years. Gamma has gathered and analyz
    12·1 answer
  • We are evaluating a project that costs $1.68 million, has a six-year life, and has no salvage value. Assume that depreciation is
    13·1 answer
  • Which of the accompanying boxplots likely has the data with the larger standard​ deviation? why?
    12·1 answer
  • Three stocks have share prices of $37, $115, and $85 with total market values of $540 million, $490 million, and $290 million, r
    8·2 answers
  • One year ago, JK Mfg. deposited $12,000 in an investment account for the purpose of buying new equipment four years from today.
    7·1 answer
  • Douglas Diners Inc. charges an initial franchise fee of $90,000 broken down as follows:
    8·1 answer
  • Gerber Products Company brands its baby food and is an example of a resource that is potentially inimitable, making it difficult
    11·1 answer
  • A brick mason was hired by a builder under a written one-year contract, at an annual salary of $45,000, with employment to begin
    15·2 answers
  • In the introduction to his speech on the art of digital photography, Terrance mentioned that he works part-time at a camera shop
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!