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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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D. Since most import businesses are also export businesses, find a U.S. product South Africans would be willing to buy.

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Also she should hear from others who import and export goods from Africa and US and vice-versa.

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The Operations Manager for Shadyside Savings &amp; Loan orders cash from her home office for her very popular "BIG BUCKS" automa
notsponge [240]

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3,000 $100 bills equivalent to $300,000

Explanation:

The economic order quantity (EOQ) is the optimum quantity of a good to be purchased or required at a time in order to minimize ordering and carrying costs in inventory.

EOQ = the square root of [(2 times the annual demand in units times the incremental cost to process an order) divided by (the incremental annual cost to carry one unit in inventory)]

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  • incremental annual cost to carry one unit in inventory = 10% x 100 = $10

EOQ = √[(2 x 150,000 x $300) / $10] = √($90,000,000 / $10) = √9,000,000 = 3,000 bills

8 0
3 years ago
the original penguin clothing brand which features a cute penguin with a tie wrapped around its neck has made a successful comeb
Veronika [31]

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7 0
2 years ago
The form of business organization that comprises about 18 percent of all businesses in the United States is the a. joint venture
julsineya [31]

Answer:

The form of business organization in the United States which comprises about 18% are corporations.

Explanation:

According to the data presented in the attached figure it is clearly seen that the percentage of corporations in the United States is 18%. The percentage of Joint Ventures and Syndicates is a lot less while that of partnerships and sole proprietorships is higher.

8 0
3 years ago
Parsley Corporation had 250,000 shares of common stock and 5,000 shares of 8%, $100 par, preferred stock outstanding on December
lianna [129]

Answer:

Explanation:

Calculation of total loss:

Net loss 320,000

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7 0
3 years ago
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