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timama [110]
2 years ago
10

Suppose there is a decrease in the U.S. selling price of Japanese-made cars (a substitute for American-made cars). At the same t

ime, the price of steel, used to make American-made cars decreases. What would we expect would happen in the market for American-made cars
Business
1 answer:
aliina [53]2 years ago
6 0

If the price of the steel used to produce steel falls, it would cause the price of American cars to fall.

<h3>How does the price of resources affect demand?</h3>

The price of a resource used in the production of goods can have a huge effect on the price.

If the price of steel is high, it would make the price of cars to be on the increase hence reducing the demand for the product in the market.

Read more on demand here:

brainly.com/question/1288364

#SPJ1

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Corruptco is a large machine shop that fabricates metals. Corruptco maximizes profits and shareholder value by polluting the loc
masha68 [24]

Answer: a. the narrow view, or invisible hand theory

Explanation:

When it comes to the narrow view theory of corporate social responsibility, companies put one thing above all else, the maximisation of shareholder wealth.

Any activity that would help them do so - legally - is considered fair game even if it leads to adverse effects. Corruptco is therefore adhering to this theory because they are polluting the the local river to maximize shareholder value.

6 0
3 years ago
2. [5 pts] Consider the following events: Scientists reveal that eating oranges decreases the risk of diabetes, and at the same
REY [17]

Answer:

there would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price

Explanation:

as a result of the scientists revelation, the demand for oranges would increase and so would the price.

as a result of the new fertilisers been used, the supply of oranges would rise and price would fall.

taking these two occurrences together, there would be a rise in equilibrium quantity and an indeterminate effect on equilibrium price

8 0
4 years ago
Luxury Cruiseline offers nightly dinner cruises departing from several cities on the eastern coast of the United States includin
koban [17]

Answer:

Luxury Cruiseline`s operating income will increase by $9,000

Explanation:

<u>Operating Income </u><u><em>Before</em></u><u> Additional 300 tickets</u>

Sales ( $50×16,000)                              800,000

Less Variable Cost ($20×16,000)        (320,000)

Contribution                                           480,000

Less Fixed Costs                                    210,000

Operating Income                                  270,000

<u>Operating Income </u><u><em>After</em></u><u> Additional 300 tickets</u>

Sales ( $50×(16,000+300))                               815,000

Less Variable Cost ($20×(16,000+300))        (326,000)

Contribution                                                      489,000

Less Fixed Costs                                               210,000

Operating Income                                             279,000

<u><em>Effect</em></u><u> of sells an additional 300 ​tickets</u>

Operating Income <em>After</em> Additional 300 tickets     279,000

Operating Income <em>Before</em> Additional 300 tickets  270,000

Change in Operating Income                                       9,000

4 0
3 years ago
Bethany Richards is a book rep. She sells books to schools and libraries. She earns a 9 percent commission on every book she sel
Zanzabum

Answer:

The correct answer is: $284.10.

Explanation:

The percentage of a number represents a part of it. Typically percentages are used when a certain amount of money is to be paid out of another amount because of services being provided or for using the money as instruments of investments like bank loans.

In Bethany Richards' case, she receives 9% in commissions for all the books she sales. Then,

Total amount for books sold = $963.25 + $742.00 + $614.35 + $837.10

Total amount for books sold = $3156.70

Thus,

Bethany's monthly commission = $3156.70 x (9%)

Bethany's monthly commission = $284.10

6 0
4 years ago
Which of the following is not a true statement about "demand"?
Afina-wow [57]

Answer:

Demand is the same as quantity demanded.

Explanation:

3 0
3 years ago
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