Writing Assignment interpreting an individual supply.docx

Writing Assignment interpreting an individual supply.docx -...

Info icon This preview shows pages 1–2. Sign up to view the full content.

Writing Assignment: Interpreting an Individual Supply Schedule 1. How many quilts will Sally supply at $500.00 per quilt? 3 2. Are any other factors besides price taken into account with the market supply schedule she has constructed? The factors that keep her mini business running. This can include the material that she needs to make her quilts and her budget of how much she can spend. 3. Several situations are listed below that Sally has encountered in her business. Explain how each of these situations might alter the supply of quilts. a. Sally purchases a new sewing machine that helps her produce quilts in less time. She might need to increase the amount of money sold per quilt to compensate the deficit that the sewing machine could’ve caused (if it was expensive). b. Sally anticipates an increase in prices for quilts in three months. Sally might have drop in the profit but depending on how much she anticipates the increase. Since she needs to increase the price for the quilts, this could mean a drop in
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

Image of page 2
This is the end of the preview. Sign up to access the rest of the document.
  • Fall '15

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern