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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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If you were an elected official who wanted to increase tax revenues, which of the following would you prefer to use: individual
katrin [286]

Answer:

sales tax

Explanation:

It does not choose discriminatory the more you spend the more you pay, from a moral perspective people would rather pay for what they get rather than what they make and then possibly invest or save. They would not want to pay taxes at least 3 times if it is an investment.

4 0
3 years ago
The contractor proposed $x,xxx,xxx for manufacturing labor contemplating the following full time equivalent (FTE) for the three
Lady_Fox [76]

Answer:

$659,277

Explanation:

The computation of the manufacturing labor dollars per year over the three year period of performance is shown below:

For 3 year it is

= 3 × 1,800 hours × $31

= $167,400

For 4.5 years, it is

= 4.5 × 1,800 hours × $31 × 1.025

= $257,377.50

Foe 4 years, it is

= 4 × 1,800 hours × $31 × 1.025 × 1.025

= $254,499.50

So, the manufacturing labor dollars per year is

= $167,400 +  $257,377.50 + $254,499.50

= $659,277

4 0
3 years ago
Type the correct answer in the box. Spell all words correctly.
stealth61 [152]

The name which is given to the session that is a continuous discussion to <em>bring out</em> innovative ideas from employees is called:

  • <u>Brainstorming</u>

According to the given question, we are asked to state the  name which is given to the session that is a continuous discussion to <em>bring out</em> innovative ideas from employees.

As a result of this, we can see that when a group of workers sit down together to bring out a new idea that would be innovative  to their company, then we can say that they are brainstorming because they bring ideas that would improve overall business and profit

Read more here:

brainly.com/question/20482811

7 0
3 years ago
When tailoring a résumé, what is the first step that should take place? a. Arrange your résumé with the most relevant informatio
Sphinxa [80]

Answer: d. Make sure to change the position and company name in the objective.

Setting the job objective is the first step of any resume.

The manner in which the objective of a resume is framed conveys a lot of information to the prospective employer.  

A well defined objective must use industry vocabulary, demonstrate research into the job or position that is being applied for and reflect the incumbent's abilities and interests.  

Hence it is imperative to change the position and company name in the resume's objective while tailoring a resume.

6 0
3 years ago
Read 2 more answers
Select all that apply.
tino4ka555 [31]

Answer:

adding up consumption, investment, government expenses, and net exports

adding up the market prices of final goods and services produced in the U.S

adding up the incomes of producers and taxes paid to the government

Explanation:

GDP is a measure of the sum value of a country's output in a given period. The GDP value reflects economic growth or decline in a country for the period under review.

GDP is calculated using three methods. They include the income, production, and expenditure approach.

In the Income approach, economists add up all the earnings from the factors of production. Wages and salaries of all employees; the profits from businesses and corporates' ; rents, and interests form landlords are summed up to get GDP. Adjustments are made to cater for the taxes paid to the relevant government agencies. ( 4th option)

The production approach involves getting the value of all the finished consumer goods and services in the economy. The approach excludes intermediary goods and work-n progress. GDP is obtained by adding the total of the finished products and services and multiplying them by their prices. (3rd option)

The consumption option applies a formula that GDP = C+G+I+ NX, where C is private consumption expenditure,  G is government consumption and investment expenditure, and I in private investment expenditure. NX is the net imports. ( 1 st option )

4 0
3 years ago
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