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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 following is cost information for the Creamy Crisp Donut Company.Entrepreneur's potential earnings as a salaried worker = $5
jarptica [38.1K]

Answer:

Creamy Crisp's total revenues exceed its total costs, including a normal profit, by $366,000

Explanation:

Creamy Crisp's total revenue exceeds its total cost, including a normal profit by =

When answering this we use all the actual costs and revenue and all the hypothetical figures, or the opportunity costs and revenue as we need to calculate total revenue exceeding costs and normal profits.

Total revenue actual + potential = Entrepreneur's potential earnings as a salaried worker $50,000 + Annual revenue from operations $380,000 + Value of entrepreneur's talent in the next best entrepreneurial activity $80,000 + Entrepreneur's forgone interest on personal funds used to finance the business $6,000

= $516,000

Total costs = Payments to workers $120,000 + Utilities (electricity, water, disposal) costs $8,000 + Annual lease on building = $22,000

= $150,000

Creamy Crisp's total revenues exceed its total costs including a normal profit by $516,000 - $150,000 = $366,000

Since normal profit is included and not excluded normal profit shall not be computed separately and the final answer is $366,000

4 0
2 years ago
Help need ASAP!
densk [106]

Answer:

C. Trademark

Explanation:

.

3 0
2 years ago
Ramkissoon Midwifery's cost formula for its wages and salaries is $2,060 per month plus $442 per birth. For the month of July, t
iragen [17]

Answer:

Spending variance will be equal to -729

Explanation:

We have given wages and salary is $2060 per month plus $442 per birth

We have given total number of birth = 117

So standard cost = $2060+117×$442 = $53774

Actual wages and salary for the month is = $54500

We have to find the spending variance

Spending variance is given by

Spending variance = Standard cost - actual cost = $53774 - $54500 = -729

So spending variance will be equal to -729

6 0
3 years ago
The type of law that is derived from tradition and earlier judicial decisions is
dolphi86 [110]

Answer: The answer is a Common Law

4 0
2 years ago
Puvo, Inc., manufactures a single product In which variable manufacturing overhead is assigned on the basis of standard direct l
pantera1 [17]

Answer:

I'm figuring this out for you!

Explanation:

8 0
3 years ago
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