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Rasek [7]
3 years ago
12

Suppose the market for corn is a purely competitive, constant-cost industry that is in long-run equilibrium. now assume that an

increase in consumer demand occurs. after all resulting adjustments have been completed, the new equilibrium price will be
Business
1 answer:
sergij07 [2.7K]3 years ago
5 0
After all resulting adjustments have been completed, the new equilibrium price will less than the initial price and output. The same will happen to the industry output. In each situation in which <span>an increase in product demand occurs in a decreasing-cost industry the result is: </span>the new long-run equilibrium price is lower than the original long-run equilibrium price.
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When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, t
gulaghasi [49]

Answer:

Transformation process.

Explanation:

When a line cook in a restaurant uses raw meat to cook a hamburger that becomes part of the restaurant's Super Burger Special, the cook is taking part in a transformation process.

A transformation process can be defined as the capabilities possessed by an organization, which are then integrated into technology, internal processes, and management, for the singular purpose of converting inputs into outputs in order to meet the needs or requirements of their customers.

In this scenario, the cook uses raw meat as an input in the creation of an output, which is the restaurant's Super Burger Special.

7 0
3 years ago
Break-Even for a Service Firm Jonah Graham owns and operates The Green Thumb Company (GTC), which provides live plants and flowe
kenny6666 [7]

Answer:

The company should provide, in average, 90 jobs per month in order to break even.

Explanation:

We will assume that the variable costs are proportional to the quantity and thus VC=a*Q

the profit obtained is

profit = P*Q  , (Price [$/job] * Jobs sold [jobs])

and the total costs are

total costs= FC+VC = FC + a*Q , FC=fixed costs

in order to break even the quantity sold should be enough to cover all costs, therefore

profit = total costs

P*Q = FC + a*Q → Q= FC/(P-a)

thus

Q= FC/(P-a) = $3240 / ($60/job - $24/job) = 90 jobs

5 0
3 years ago
Your automobile insurance includes premiums of $510 for liability, $220 for collision, and $130 for comprehensive. what is your
Vadim26 [7]
To get the total insurance premium, just add the three premiums:Total premium = liability + collision + comprehensivewhere:liability = $510collision = $220comprehensive = $ 130Total premium = $510+$220+$130                         =$860

7 0
3 years ago
If you go to ohva pls reply to this comment i have a question !! :))
velikii [3]

Answer:

hello please stop posting stuff that are unnecessary.thank you have a Wonderful day.

Explanation:

7 0
3 years ago
As you and your partner report for duty, you check your ambulance and begin talking about the possibility of a terrorist attack.
grandymaker [24]
The most effective and appropriate way to determine the likelihood of this happening is to: stay informed, keep up with the news
6 0
3 years ago
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