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3 years ago

When a firm doubles its inputs and finds that its output has more than doubled, this is known as: select one:

1 answer:

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<span>When a firm doubles its inputs and finds that its output has more than doubled, this is known as economies of scale. When a business has reached economies of scale, that means there is an equal amount saved in costs by increasing the production amount. The more you produce the lower the cost is to produce those items and the more amounts of items you have to sell.

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If Kindle e-readers and Nook e-readers are substitutes, a higher price for Nooks would result in a(n) ______.

lara31 [8.8K]

Answer: a) increase in the demand for Kindles.

Explanation: the substitution effect for substitute goods gives that, if the price of good A rises, the demand for good B rises. Since a substitute good is a good that can be used in place of another, they are goods that a consumer perceives as similar or are comparable, in such a way that having more of one good causes the consumer to desire less of the other good. From the viewpoint of price, and given that consumers always prefer to spend less in instances where two goods are substitutes, it then means that Kindle can be used and preferred in place of Nooks given that the price of Nooks had gone up. Therefore, increasing the price of Nooks causes a corresponding increase in the demand for Kindles.

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3 years ago

Your company decides to use internal sources for developing new product ideas. Which of the following would not be a common inte

Fed [463]

Answer: (D) Suppliers

Explanation:

According to the given question, the organization using the various types of internal sources as it helps in developing the various types of new products ideas in the market.

The supplier is one of the common internal source in an organization as it helps the employees for encourage them for developing various types of new ideas and concepts.

The organization basically developing various types of new ideas by the formal research process and also through the development. Therefore, Option (D) is correct answer.

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3 years ago

How does competition affect markets?

777dan777 [17]

Answer:

money and price of double of items

Explanation:

it effects the price within the menu and items too

think of it being the "Krusty Krab" and the "Chum Bucket"

6 0

3 years ago

Read 2 more answers

What is the difference between real property and real estate...? real property consists of the land, while real estate consists

enyata [817]

Answer:

Real property consists of the land, land rights, and anything permanently attached to the land, while real estate consists of a structure attached to the land

Explanation:

Real estate refers to land that has a physical existence and the resources, structures are attached to it also it expands with respect to the rights of ownership and usage

While on the other hand the real property comprises fo land, rights of the land, and the thing that is permanently attached with respect to the land

Therefore the last second option is correct

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3 years ago

Flannigan Company manufactures and sells a single product that sells for $650 per unit; variable costs are $338. Annual fixed co

kkurt [141]

Answer:

The contribution margin ratio is 0.48

Explanation:

The contribution margin ratio is calculated by using following formula:

Contribution margin ratio = (Sales - Total Variable cost)/Sales

Flannigan Company has current sales volume of $4,320,000

The number of products are sold = $4,320,000/$650

Total Variable cost = The number of products are sold x variable costs per unit = $4,320,000/$650 x $338 = $2,246,400

Contribution margin ratio = ($4,320,000 - $2,246,400)/$4,320,000 = 0.48

5 0

3 years ago