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Finger [1]
3 years ago
15

Suppose an increase in the price of rubber coincides with an advance in the technology of tire production. As a result of these

two events, the demand for tires
Business
1 answer:
Olin [163]3 years ago
7 0

Answer: None of the above

Explanation: An increase in the price of rubber coincides with an advance in the technology of tire production. Advancement in technology of tire production means an increase in the supply of tire. But at the same time an increase in the price of rubber will lead to an increase in the input cost of tire production. This will lead to a fall in the supply of tire. Thus, the net effect on supply of tire will depend on the magnitude of these two changes.

However, the two events will have no effect on the demand for tire.

Thus, none of the above is the correct answer.

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The first test case should fail. When all the test results are completed, you will save the test case results
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HELP PLS
Margaret [11]

Answer:

$23

Explanation:

8 0
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Which is the best measurement to use to determine who might have the absolute advantage?
Makovka662 [10]

Answer:

<u>low opportunity cost</u>

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<u>Opportunity cost</u> is described as a process in which an individual sacrifices something when they tend to choose one thing or option over another option or thing.

<u>Low opportunity cost: </u>The term "low opportunity cost" is determined as the possibility of an individual's chosen investment returns to be lower than the forgone investment's returns.

4 0
3 years ago
Casassa, a merchant in San Francisco, under the terms of a nonshipment contract, agrees to sell 50 cases of packaged macaroni to
Ugo [173]

Answer:

Fresno

Explanation:

A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.

There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, executory contract, etc.

The uniform commercial code (UCC) is a set of standardized business laws which are put in place for the regulation of financial contracts and commercial transactions used across different states in the United States of America. There are special rules known as the special business standards that are set up by UCC governing merchants and the sales of goods in Article 2 of the Uniform Commercial Code.

Under Article 2 of the Uniform Commercial Code, a shipment contract between two parties (buyer and seller) states that a buyer bears the risk of loss and is typically responsible for the costs of goods in the event of any damage or loss incurred during transportation and prior to receiving the goods.

In this scenario, the transaction is a nonshipment contract and the place for delivery is not specified in the agreement.

However, on the basis of the facts that both parties are aware that the 50 cases of packaged macaroni are in a warehouse in Fresno, the place for delivery is Fresno.

8 0
3 years ago
Crystal corporation makes $2,000 payments every month for leasing office equipment. crystal recorded a lease payment as follows:
Svetlanka [38]
<span>Crystal corporation makes $2,000 payments every month for leasing office equipment. Crystal recorded a lease payment as an operating lease.

An operating lease is a lease that is commonly used for a short term basis and asset. The operating lease payment is found on the financial statement. 
</span>
4 0
3 years ago
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