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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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Consumers will bear switching costs if: a. the benefits of adopting the new technology outweigh the costs of switching. b. switc
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3 0
3 years ago
The Magic Flute Company paid cash dividends totaling $ 310,000 in 2016 and $ 190,000 in 2017. In​ 2018, the company will pay cas
Lady bird [3.3K]

Answer:

$15000

Explanation:

The preferred dividend per year = (80000 \times $100) \times 6% = 480000

Here, the preference shares are cumulative thus dividends for preferred stocks are:

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3 years ago
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