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Fofino [41]
1 year ago
10

When there is a technological advance in the ice cream industry, consumer surplus in that market will?

Business
1 answer:
Nina [5.8K]1 year ago
6 0

When there is a technological advance in the ice cream industry, consumer surplus in that market will increase.

Technology is the result of accumulated knowledge and the application of skills, methods, and processes used in industrial production and scientific research. Technology is embedded in the operation of all mechanical and electronic devices, with or without detailed knowledge of their function, for the intended purpose of an organization. The technology of society consists of so-called systems. A system works by taking input, modifying that input through what is called a process, and producing a result that achieves the intended purpose of the system.

The earliest and simplest form of technology is the development of knowledge leading to the application of basic tools. The prehistoric invention of carved stone tools and the discovery of ways to control fire increased the food sources available to humans. This led to mobile technologies that helped exchange information and raw materials more quickly. Humanity then proceeded to develop the printing press, telephones, computers, and the Internet.

Learn more about technology here: brainly.com/question/25110079

#SPJ4

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On January 1, Ramirez Supply leased a car for a four-year period, at which time possession of the car will revert back to the le
ohaa [14]

Based on the amount that Ramirez guaranteed the lessor and the estimated residual value, the amount to be added to the right-of-use asset is $1,434.33.

<h3>What amount should be added to the right-of-use asset?</h3>

This would be the present value of the difference between the guaranteed amount and the estimated residual value.

= 42,300 - 40,200

= $2,100

Present value:

= 2,100 / (1 + 10%)⁴

= 1,434.328

= $1,434.33

In conclusion, the right-of-use asset amount to be added is $1,434.33.

Find out more on present value at brainly.com/question/20813161.

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5 0
2 years ago
Cirrus Aircraft, a leading manufacturer of small airplanes, sees a market opportunity and has decided to double its plant capaci
Westkost [7]

Answer:

B. A strategic action because such a large plant expansion will require a major commitment of resources.

Explanation:

There are two major forms of action in business decision making: strategic and tactical. Strategic action deals with decision that require major planning and investment of resource. Strategic actions have long term implementation and effect and are difficult to reverse.

Tactical actions, on the other hand, are flexible and involves actions taken on short term basis. Tactical actions are majorly bye-product of strategic decision.

On this note, Circus Aircraft`s  decision to double its plant capacity over the next two years is a strategic action because such a large plant expansion will require a major commitment of resources. And the action will not easily reversible.

Other options in the question are not totally right.

7 0
3 years ago
What most directly explains the boost in production of mccormick reapers?.
marishachu [46]

The adoption of interchangeable parts is the statement that directly explains the boost in production of mccormick reaper.

<h3>What is mccormick reaper?</h3>

The mccormick reaper is a mechanical mechanism that was created by Cyrus McCormick for farmers to harvest crops mechanically.

In conclusion, the adoption of interchangeable parts is the statement that directly explains the boost in production of mccormick reaper.

Read more about mccormick reaper

<em>brainly.com/question/487638</em>

7 0
2 years ago
Can anyone please write a summery or a paragraph of life of a homless teen memoir in the Great depression please?
uysha [10]

eso

depen de si el adolecente  ses   amensado

7 0
2 years ago
Department F had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,200. Of
Verdich [7]

Answer:

$2.27

Explanation:

Unit Cost =

If the average cost method is used, the materials cost per unit (to the nearest cent) would be: $2.27

5 0
3 years ago
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