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melisa1 [442]
3 years ago
10

What is the effect on the equilibrium price and equilibrium quantity of magazinesmagazines if the price of a newspapera newspape

r decreasesdecreases and the wage rate paid to magazine production workersmagazine production workers decreasesdecreases​? The equilibrium price of a magazinea magazine ​______ and the equilibrium quantity​ ______.

Business
1 answer:
Natasha2012 [34]3 years ago
5 0

Answer:  The equilibrium price of a magazine decreases and equilibrium quantity remains the same.

Explanation:

The magazine and newspaper are substitute goods. So, if the price of a newspaper decreases as a result the demand for magazine decreases.

This shifts the demand curve of magazine leftwards from DD to D'D' in the diagram.

And, if the wage rate paid to the magazine production workers decreases as a result the cost of magazine production decreases.

This will increase the supply of magazine and shift the supply curve towards right from SS to S'S' in the diagram.

Hence, the equilibrium price of a magazine decreases from P to P' and equilibrium quantity remains the same at Q0 = Q1.

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Dragon Sports Inc. manufactures and sells two products, baseball bats and baseball gloves. The fixed costs are $57,000, and the
gulaghasi [49]

Answer and Explanation:

The computation is shown below:

Contribution Margin for Bat

= $50 - $50

= $0

Contribution Margin for Gloves = $100 - $80

= $20

Now  

Overall Contribution Margin = (0 ×70%) + ($20 × 30%)

= $0 + $6

= $6

Now  

A. Break even sales = Fixed cost ÷ contribution margin

= $57,000 ÷  $6

= 9,500

B.Baseball bats = 9,500 × 70% =6,650

Baseball Gloves = 9,500 × 30% = 2,850

7 0
3 years ago
During the 1960s, u.s. firms created just over _____ of worldwide foreign direct investment and british firms were second accoun
s2008m [1.1K]

During the 1960s,US. firms created just over <u>65%</u> of worldwide foreign direct investment and British firms were second accounting for just over 10 percent.

<h3>What is meant by foreign direct investment?</h3>

Foreign direct investment (FDI) is known to be a type oof cross-border form of investment.

Note that it it one where an investor that is known to  resident in one economy set up a lasting interest in and a  vital extent of influence over a firm that is found  in another economy.

Therefore, note that during the 1960s,US. firms created just over <u>65%</u> of worldwide foreign direct investment and British firms were second accounting for just over 10 percent.

Learn more about foreign direct investment from

brainly.com/question/1125884
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6 0
2 years ago
Jennifer purchased a prepaid card for transit fares and highway tolls. what kind of card did she purchase?
scoundrel [369]
<span>It's a stored value card. This is a type of card that is credited or stored with certain amount of money for specific purposes. The amount saved in the stored value does not reflect in Jennifer's checking account, so even if by any means she is robbed or misplaces the card, her personal savings will still be intact.</span>
4 0
3 years ago
Although appealing to more refined tastes, art as a collectible has not always performed so profitably. During 2015, an auction
VLD [36.1K]

Answer: -13.35%

Explanation:

Based on the information given in the question, the annual rate of return on this painting will be calculated thus:

Sales price of painting = $1,080,000

Cost price of painting = $1,660,000

The sales Price formula is given as

= Cost price × (1 +r)³

1080000 = 1660000 × (1+r)³

1,080,000/1,660,000 = (1+r)³

0.65 = (1 + r)³

Annual rate of return r will now be:

= 0.6506^⅓ - 1

= -13.35%

5 0
3 years ago
_________ is a management blueprint for developing a product or service to customers that will generate revenue.
kolbaska11 [484]

The commercial enterprise model is a control blueprint for growing services or products for clients so one can generate revenue.

An IT blueprint is a planning device or document that a records generation corporation creates with a view to guiding its priorities, tasks, budgets, staffing, and other IT approach-related initiatives.

By using definition, a blueprint is a drawing up of a plan or model. The blueprint attitude allows you to look at all of the portions needed to collect your commercial enterprise before you begin. one of the maximum hard parts of being an entrepreneur is feeling confident in making choices about strategy and direction.

A blueprint is a -dimensional set of drawings that offers a detailed visual representation of the way an architect wants construction to appear. Blueprints normally specify a construction's dimensions, production materials, and the exact placement of all its additives.

Learn more about blueprint here: brainly.com/question/11555839

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5 0
1 year ago
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