0
What are the factors that determine the amount of a product suppliers are willing to produce at each possible price?
Wiki User
∙ 11y agoWant this question answered?
Be notified when an answer is posted
Add your answer:
Earn +20 pts
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
If the price of a product is above the equilibrium price what is the result?
suppliers produce more than consumers want to purchase and the suppliers end up with surpluses.
What are the factors that influence whether to make or buy?
The cost of production is one of the many factors that determine whether to make or buy. If it costs more to produce than it would to outsource, it is a good idea to outsource.
Do suppliers tend to produce less or more when the price goes up?
they tend to produce less because there are less demands for that product
What factors determine supply?
The determinants of supply are: technology, input prices, number of suppliers, expectations, and changes in prices of other products. Technology allows firms to produce more at the same or at a lower cost. This decreases the marginal cost of a firm and increases the market supply. Input prices are the costs of the factors needed to produce the good. Labor, materials, rent costs are all input prices. If input prices increase, supply will decrease because it is more costly for a given firm to supply the same amount of goods. Input prices can be pretty flighty as most prices of commodities can change over night. If there are more suppliers, the market supply curve will shift to the right lowering price and increasing quantity. If there are less suppliers the market supply curve will shift to the left increasing price and decreasing quantity. If expectations state that the price of a good will increase, suppliers will withhold their good until the price increases therefore decreasing supply. If expectations state that the price of a good will decrease, suppliers will try to sell off their good therefore increasing supply. The change in complements and substitutes are important for suppliers too. If a firm produces a plethora of products, it must judge which products to produce more based on the competitive market price. If a furniture store sees an increase in price for chairs it will shift its production toward chairs and away from sofas. The same logic applies to if the housing market is booming then the firm should look to produce more of all furniture because houses and furniture are complements.
What sort of things could be modelled using a spreadsheet in a supermarket?
One example is to compare the prices of produce from different suppliers, including the cost of transportation to the store and a variety of other factors. The model could determine, based on real-time price updates, which of several suppliers will present the best overall value to the supermarket.
Why does the supply line slope and to the right?
Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units.
What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?
The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.
Is natural selection the process by which factors in an organism's competition determine whether or not the organism will be able to produce offspring?
yes it is
What companies are suppliers of office equipment?
Suppliers of office equipment make it possible for people to receive pencil, pens, staplers, printers, etc. Companies that produce these supplies are Canon, Hewlett-Packard, Savin, Sharp, Toshiba, Xerox, Lanier, Oce, Gestetner, and Konika.
Where do Morrison's source their fresh fruit?
Morrison's sources fresh fruit from a variety of suppliers, including local farmers and growers as well as national and international suppliers. They aim to provide high-quality produce to their customers while also supporting local growers where possible.
If the price of a product is above the equilibrium price what is the result?
suppliers produce more than consumers want to purchase and the suppliers end up with surpluses.
What are the factors that influence whether to make or buy?
The cost of production is one of the many factors that determine whether to make or buy. If it costs more to produce than it would to outsource, it is a good idea to outsource.
Do suppliers tend to produce less or more when the price goes up?
they tend to produce less because there are less demands for that product
What are some examples of manufacturers that produce 19-inch LCD televisions?
There are numerous possible examples of manufacturers that product 19 inch LCD televisions. Some of these manufacturers include China Suppliers and Best Buy.
What is the predictability for a tornado?
Tornadoes are highly unpredictable. On a time scale of hours it is possible to determine if a general region is at risk of tornadoes. On a time scale of minutes we can determine if a thundershower might soon produce one.
How much horsepower does a in-line engine have?
Many factors determine how much horsepower an engine can produce. Give us the year, make and any other details about the engine.
