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mr Goodwill [35]
3 years ago
10

Explain the effects of each of the following factors on the market price and quantity of cell phones available in the market: an

increase in consumers’ income, technical improvements that reduce production costs, and a sharp decline in the cost of making fixed-line calls.
Business
1 answer:
Elina [12.6K]3 years ago
7 0

Explain the effects of each of the following factors on the market price and quantity of cell phones available in the market: An increase in consumers’ income = if there is an increase in consumers income, there may be a decrease in the cell phones available for purchase because more people would have money to purchase phones. If more people are willing and able to purchase phones, the market price may increase on the device. Technical improvements that reduce production costs = If production costs of the devices go down, the market price may decrease making the phones more affordable. If phones become more affordable and decrease in price, the quantity sold may rise to reflect the change. A sharp decline in the cost of making fixed-line calls = if the cost of making fixed-line calls decreases, there may not be any change to the market price of phones however their may be an increase in quantity sold.

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kotykmax [81]

<u>This is an example of "outsourcing".</u>


Outsourcing is the business routine with regards to procuring a gathering outside an organization to perform benefits and make products that generally were performed in-house by the organization's own representatives and staff. Generally done as a cost-cutting measure, it can influence occupations going from client support to assembling to the back office.  

Outsourcing can enable organizations to lessen work costs essentially by outsourcing certain assignments. Organizations can likewise dodge costs related with overhead, gear and innovation.  

4 0
3 years ago
A bond is a(n):Group of answer choices a) legal promise to repay a debt. b) agreement issued by a financial intermediary linking
aliya0001 [1]

Answer:

a) legal promise to repay a debt.

Explanation:

A bond is an agreement that is made between the issuer or the bank or the financial institution and the borrower.  

The agreement was made in written specify the terms and conditions which involve the borrowed amount, interest rate, and the time period in which the borrower promises to pay back the money to the financial institution.  

3 0
3 years ago
What is the basic economic problem?
photoshop1234 [79]
It’s either c or d they make the most science honestly I’d say d tho
5 0
3 years ago
Turnbull Co. is considering a project that requires an initial investment of $570,000. The firm will raise the $570,000 in capit
ss7ja [257]

Answer:

WACC = 10.868%

Explanation:

The following data table will show the easiest way to calculate weighted average cost of capital.

Capital components       Investment ($)                Weight                

Debt Capital (Wd)              230,000       230,000 ÷ 570,000 = 0.40

Equity Capital (We)            320,000       320,000 ÷ 570,000 = 0.56

Preference capital (Wp)     20,000          20,000 ÷ 570,000 = 0.04

Total Investment               $570,000                                          1.00

We know,

WACC = [Wd × Kd (1 - T)] + [Wp × kp] + [We × ke]

Given,

Kd (1 - T) = 9.6% × (1 - 0.25) = 7.2%

kp = 10.7%

ke = 13.5%

WACC = [0.40 × 7.2%] + [0.04 × 10.7%] + [0.56 × 13.5%]

or, WACC = 2.88% + 0.428% + 7.56%

Therefore, WACC = 10.868%

8 0
3 years ago
The Cook Corporation has two divisions--East and West. The divisions have the following revenues and expenses:
Doss [256]

Answer:

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