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Hunter-Best [27]
3 years ago
9

41 If the demand for a product increases, we would expect a. equilibrium price to increase and equilibrium quantity to decrease.

b. equilibrium price to decrease and equilibrium quantity to increase. c. equilibrium price and equilibrium quantity both to increase. d. equilibrium price and equilibrium quantity both to decrease. C If the supply of a product decreases, we would expect
Business
1 answer:
zzz [600]3 years ago
8 0

Answer:

c. equilibrium price and equilibrium quantity both to increase

Explanation:

If demand for a good increases, the equilibrium price will increase too, because consumers will be willing to purchase the good at higher prices. Besides, suppliers will try to take advantage of this situation by producing more of the same good, increasing the equilibrium quantity as well.

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2. A female worked for a city government as a "HR Analyst—classification and compensation." She earned a salary equivalent to $3
Sever21 [200]

According to the Equal Pay Act, the situation presented is an example of wage discrimination based on gender.

The Equal Pay Act is a United States labor law passed in 1963. This law was created to abolish the gender pay gap.

According to this law, employers (public and private) are prohibited from paying differentiated salaries based on sex in jobs that require equal skills, effort and responsibilities, and that are performed under similar working conditions.

Based on the Equal Pay law, the situation of two employees of different sex who perform a job as HR Analyst - classification and compensation and receive different salary if it is discriminatory due to:

  • Are employees of the same employer
  • They perform the same tasks with the same skill, effort, and responsibility requirements.
  • They are in similar or equal working conditions.

According to the foregoing, it can be inferred that it is a differential treatment based on discrimination based on sex.

Learn more in: brainly.com/question/2396617

4 0
2 years ago
The XYZ Chemical Company must ship 9,500 gallons of pesticides from its plant in Cincinnati, Ohio, to a customer in Columbia, Mi
never [62]

Answer:

Henderson  = $1,200

Central States = $1,000

Based on the calculations, Central States Railroad is better at a lower cost than Henderson

Explanation:

The question is to do an evaluation of the costs of use Henderson Bulk Trucking Company or the Central States Railroad

Step 1) Determine the cost of using Henderson

What is the cost per tank  truck = $600

What is the capacity in gallons = 700 galloons

However, since XYZ Chemical needs to ship 9,600 gallons, it means it will make use of 2 trucks from Henderson as follows

The cost of Henderson Bulk Trucking = $600 x 2 = $1,200

Step 2) Determine the cost of using Central Railroad

What is the cost per tank  truck = $1000

What is the capacity in gallons = 23,500 galloons

since XYZ Chemical needs to ship 9,600 gallons, it means it will make use of only one of the trucks

The cost of Central Roilroad= $1000 x 1 = $1,000

Based on the calculations, Central States Railroad is better at a lower cost than Henderson

3 0
3 years ago
Many people believe that pure monopolies charge any price they want to without affecting sales. Instead, the output level for a
irga5000 [103]

Answer: Option (d) is correct.

Explanation:

Correct Option: Marginal revenue equals marginal cost.

Pure monopoly is a market situation in which there is a single firm who are producing the goods and these goods are the close substitute. There is no other firm in the market. So, the monopoly firm is the price setter.

The output level that is produced by the profit maximizing monopoly firm is at a point where marginal revenue is equal to the marginal cost. It is the same profit maximizing condition that a competitive firm also utilize to find their equilibrium level of output.

3 0
3 years ago
The annual earnings of a typical investor are
fenix001 [56]

Answer:

The answer Is c

Explanation:

4 0
3 years ago
A local family-run Greek restaurant has been a part of the community for twenty years. Their mission is to provide local, fresh,
Furkat [3]

The correct answer to this open question is the following.

Although there are not options provided, we can say that some additions that could be implemented which are aligned with this company’s values are the inclusion on the menu of organic food, vegan food, and kosher products so all kinds of customers can find a good option in the restaurant.

Another important thing is the way to market and communicate their innovations to consumers. In college, the son should have learned that the way a restaurant markets its products and services is as important as the kinds of food it offers.

8 0
3 years ago
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