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Otrada [13]
2 years ago
8

there is a technological improvement in the production of good x. as a result, the curve for good x will shift resulting in a(n)

in the equilibrium price of x and a(n) in the equilibrium quantity of x.
Business
1 answer:
bulgar [2K]2 years ago
3 0

There would a shift to the right of the supply curve. The equilibrium price would decrease and the equilibrium quantity would increase.

<h3>What is the impact of technological improvement?</h3>

Technological improvement in the production process means that there is an advancement or update in the technologies that are used in the production process. For example, progress from storing information in files to storing information in the cloud is an example of technological improvement.

A  technological improvement in the production of  a good would make it easier to produce a good. Thus, the supply curve would move forward.

Equilibrium quantity would increase. Due to the increase in quantity supplied, price has to decline in order to induce consumers to buy more of the product.  Equilibrium price would decrease.

To learn more about an increase in supply, please check: brainly.com/question/14727864

#SPJ1

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Sometimes, unethical behaviour appears from employees who advance their vested interests over the company properties, please exp
Fofino [41]

Unethical behavior means an action exhibited by someone, which are oppose to what is expected of such individual occupying such position to act in normal circumstance.

Amongst the employees whose company properties are vested in or used by. Such property are meant to be used effectively, with good faith and only for the cause of the profitability of the organisation.

Example of Unethical behavior from employees concerning the misuse of companies properties are as follows:

a. Using a company car for leisure

b. Using a company computer to surf social media

c. Mismanagement of the company resources

Learn more about this here <em>brainly.com/question/9740334</em>

6 0
3 years ago
Read 2 more answers
How do elasticities of supply and demand affect DWL?
LuckyWell [14K]

Answer:

Because the elasticities of supply and demand measure how much market participants respond to market conditions, larger elasticities imply larger DW losses.

Explanation:

As a tax grows larger, it distorts incentives more, and its DW loss grows larger. Because a tax reduces the size of the market, however, tax revenue does not continually increase. It first rises with the size of a tax, but if the tax gets large enough, tax revenue starts to fall.

5 0
3 years ago
Find the interest for one month on $575 at 3.1% annual interest paid monthly.​
nika2105 [10]

Answer:

$1.5

Explanation:

Interest is compounded monthly.

The applicable formula for amounts after one month is

A = P + (1 + r)^n

P = principal amount $575

r is interest rate 3.1% per year or 3.1/12 per month =0.26% or 0.0026

n= 1 month

A = $575 +( 1+0.0026)^1

A =$575x 1.0026

A= $576.495

A= $576.5

Interest earned in the month

= $576.5 -$575

=$1.5

4 0
3 years ago
Ford produces a wide variety of vehicles for individuals, businesses, manufacturers, and even schools. It also operates its own
Anna71 [15]

Answer: Ford has many production processes.

Explanation:

The production process for Ford is concerned with the transformation of its range of inputs into a wide variety of vehicles for individuals, firms, governments, schools etc etc that are wanted by the market.

The vision of Ford Production System is a flexible, disciplined and lean production system which involves a set of processes and principles, that employs groups of people capable and empowered to working together and learning for the achievement of the organizational goals.

Any production process consists of a series of links that are in a production chain. Since Ford has a very broad variety of vehicles, the company has many production processes.

3 0
3 years ago
Delta Diamonds uses a periodic inventory system. The company had five one-carat diamonds available for sale this year: one was p
Over [174]

Answer:

$1150

Explanation:

The ending inventory of Delta diamond using specific identification method will be

Date                         Purchase                     Cost

June 1                     one purchase               $500

July 9                    Two purchase                $600

September 23       Three purchase            $650

-------------------------------------------------------------------------------------

Total cost of goods available for sale       $1750

Less: Cost of goods sold                      -$600

===================================================

Ending inventory                                        $1150

8 0
3 years ago
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