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faust18 [17]
3 years ago
12

Suppose in the market for iPhones, the following two changes take place: (1) the cost of making iPhones falls and (2) the price

of smart-phone data plans fall. What happens to the equilibrium price and the equilibrium quantity?
Business
1 answer:
TiliK225 [7]3 years ago
3 0

Answer:

Changes in equilibrium price cannot be predicted.

Equilibrium quantity would rise

Explanation:

If the cost of production of iphone falls, iPhones become cheaper to produce, therefore supply increases and the supply curve shifts to the right. As a result, Price falls and quantity increases.

If the cost of data plans falls, the demand for iPhone would increase. Data plans and iPhones can be seen as complement goods. The increase in demand would shift the demand curve to the right, price would increase and quantity would rise.

Taking these two effects together, equilibrium quantity would increase but the impact on equilibrium price cannot be determined because the changes in supply and demand have oppoosiing effect on price ( changes in supply reduces price while change in demand increases price)

I hope my answer helps you

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A broker allowed her license to expire and renewed it 32 days after the expiration date. What does she need to do to reinstate h
ICE Princess25 [194]

Answer:

B

Explanation:

she has to do the following to reinstate her license - Makes a proper application within thirty-one days after the date of expiration, by payment of the regular three-year renewal fee.

3 0
4 years ago
Rory Company has a machine with a book value of $75,000 and a remaining five-year useful life. A new machine is available at a c
Alborosie

Answer: $7,500

Explanation:

In calculating the Incremental income we will add the amount of variable Manufacturing costs Rory Company will save as well as the income they will get from selling the old machine and then subtract the cost price of the new machine.

Starting off we will calculate the amount of savings they will make by using the new machine,

= $12,000 x 5 years

= $60,000

Calculating the Incremental income therefore we have,

= 60,000 + 60,000(from selling old machine) - 112,500 (cost of new machine)

= $7,500

The incremental income of buying the new machine is $7,500.

If you need any clarification do comment.

5 0
3 years ago
The Federal personal income tax is:_______
vredina [299]

Answer:

D. Progressive and the incident is on the tax payer

Explanation:

The federal personal income tax  is  a progressive tax because the tax increases as the income of the individual increases.

A progressive tax  system is where higher tax rate falls on high income  earners and lower tax rate on low income earners.  The incident of personal income tax is on the tax payers  because they the burden of paying the tax is borne by them.

6 0
4 years ago
Dave is a salaried employee who works in a gas station. He only earns from his job and has no other source of income. He gets a
tigry1 [53]

Answer:

In my opinion the most suitable answer is E. increase his sources of income to show a rise in his income after taxes

Explanation:

The reason is he could lower his expenses too, but for how long? Inflation is going to eat his salary away anyway possibly in 5 to 10 years so what Daventry ustock do is to create another source of income so that he is safe. Possibly through investing in income generating assets, real estate and possibly a side hustle! (A small time business)

5 0
3 years ago
Stresses a balance between resource use and resource availability?
Citrus2011 [14]

Answer:

conservation ethics

Explanation:

Conservation Ethics is a term in business-related operation that defines the appropriate use or average utilization of limited resources while sustaining the quality of general resources for human use such as natural habitats and atmosphere.

Hence, the correct answer is that Conservation Ethics Stresses a balance between resource use and resource availability

6 0
3 years ago
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