All categories

4 years ago

If many firms enter the computer software industry and consequently bid up the price of programmers, then:

Business

1 answer:

Lena [83]4 years ago

4 0

Answer:

the correct option is C) If many firms enter the computer software industry and consequently bid up the price of programmers, then: the long-run industry supply curve will slope downward.

Explanation:

When many firm enter an industry, there is competition and the presence of multiple players will eventually cause the cost of production to decline.

In the short run, if many firms enter the computer software industry and consequently bid up the price of programmers, then the increase in participation will increase the number of software developed.

In the long run, industry supply curve will slop downwards indicating a price reduction.

You might be interested in

On April 1, Moloney Meat Distributors sold merchandise on account to Fronke’s Franks for $2,100 on Invoice 1001, terms 1/10, n/3

Angelina_Jolie [31]

Answer:

See explanation section.

Explanation:

Moloney Meat Distributors

Journal Entries

Particulars Debit($) Credit($)

April - 1 Accounts Receivable 2,100

Sales Revenue 2,100

(Assuming it is periodical, we need not show cost of goods sold journal. Since the payment is within the discount period, there will be a separate journal entry is needed. However, a compound journal entry can illustrate the answer.)

April - 10 Sales Discount 21

Accounts Receivables 21

(1/10, n/30 means the buyer will get a 1% discount, if he pays within 10 days, however, the buyer has to pay within 30 days.

As the payment is made within the discount period, the buyer receives the discount).

April - 10 Cash 2,079

Accounts Receivables 2,079

(as the buyer gets the rebate, he will pay (2100 - 21=2,079 during the date of payment).

6 0

3 years ago

True or false: insurers may withhold a portion of providers' payments to create a payment risk pool, which will be kept by the i

Feliz [49]

True, <span>insurers may withhold a portion of providers' payments to create a payment risk pool, which will be kept by the insurer if providers do not meet performance targets. This is to protect their investment and liability</span>

3 0

3 years ago

huck Ponzi has talked an elderly woman into loaning him $30 comma 000 for a new business venture. She has, however, successful

user100 [1]

Answer:

The woman will receive $ 4,171.96 per year.

Explanation:

We need to determinate the PTM of a 15 years' ordinary annuity which present value is 30,000 discounted at 11%

$PV \div \frac{1-(1+r)^{-time} }{rate} = C\\$

PV $30,000.00

time 15

rate 0.11

$30000 \div \frac{1-(1+0.11)^{-15} }{0.11} = C\\$

C $ 4,171.957

3 0

4 years ago

A(n) _____ is a set of firms that make and deliver a given set of goods and services to the ultimate consumer.

borishaifa [10]

A supply chain is a set of firms that make and deliver a given set of goods and services to the ultimate consumer.

<h3>What is a supply chain?</h3>

A Supply chain is the entire system of production. It starts from sourcing for raw materials to delivering a product or service to an individual also known as a customer.

Therefore, a supply chain is a set of firms that make and deliver a given set of goods and services to the ultimate consumer.

For more information on the supply chain kindly check brainly.com/question/15217906

3 0

3 years ago

Susie Smith signed a note agreeing to pay "Annie Greene, Mary Hodge" $1,000. The payment was for painting her house. An issue wi

kogti [31]

Incomplete question. The options read;

Mary is correct, but only because Annie signed the note "Green" instead of "Greene" as indicated on the note.
Mary is correct.
Mary is incorrect.
Mary is correct, but only because two payees are listed.
Mary is incorrect unless she can prove that Susie intentionally and purposefully spelled the name wrong to prevent negotiation.

Answer:

<u>Mary is incorrect.</u>

Explanation:

Indeed, since this just a case of name misspelling, the law in no clear terms states that such an endorsement would be counted as been illegal.

Remember, Mary acknowledges that the amount paid by Susie Smith was meant for both of them (Annie Green and Mary Hodge), hence there should be no question of illegality since funds were meant to be shared. In other words, this minor error can be overlooked.

3 0

3 years ago