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3 years ago

If automobile producers expect prices of automobiles to increase in the near future, what happens to supply today?

Business

1 answer:

Elanso [62]3 years ago

3 0

Answer:

It will increase

Explanation:

This is due to the "law of supply". It says that whenever the prices increase, the supply will increase, because if the prices are higher, they can win more money as they sell their goods (cars in this case) and this encourages the supply to produce more and place more quantity into the market.

In other words, just follow one of the basic laws in economics, the law of supply, which says "whenever the prices rise, the quantity supplied will also rise, ceteris paribus". By the way, ceteris paribus is latin for "all other things equal" and it means that all other factors remain unchanged (the same).

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A company sold 3,000 units at $500 each. Variable expenses were $350 per unit, and fixed expenses were $780,000. The same variab

nikitadnepr [17]

Answer:

6,000 units

Explanation:

We know that

Break even point in units = (Fixed expenses ) ÷ (Contribution margin per unit)

where,

Contribution margin per unit = Selling price per unit - Variable expense per unit

The selling price would be

= $500 - $500 × 4%

= $500 - $20

= $480

And, the Variable expense per unit is $350

So, the contribution margin per unit would be

= $480 - $350

= $130

So, the break even point in unit should be

= $780,000 ÷ $130 per units

= 6,000 units

3 0

4 years ago

Initially, three firms A, B, and C share the market for a certain commodity. Firm A has 30% of the market, Firm B has 45%, and C

AlexFokin [52]

Answer:

Please see attachment .

Explanation:

Please see attachment .

6 0

3 years ago

In 2002, a Swedish home electrical appliance manufacturer decided to use the same advertising message wherever it advertised aro

ella [17]

Answer:

Global advertising

Explanation:

Global advertising -

It refers to the method of popularizing a specific goods or services to the whole world , is referred to as global advertising .

Only specific companies or business are able to advertise their products on the global platform and earn some profit .

The example are -

Microsoft , Coca cola , McDonald's etc .

Hence , from the given scenario of the question ,

The correct answer is Global advertising .

7 0

3 years ago

Suppose the government wants to help the coffee industry, where many producers earn relatively little. It is considering two pos

postnew [5]

Answer:

i think your answer is A

4 0

3 years ago

Becky Fenton has 25/60/10 automobile insurance coverage. If two other people are awarded $30,000 each for injuries in an auto ac

STALIN [3.7K]

Answer:

$60,000

Explanation:

Based on the information given that we were told that she has automobile insurance coverage of 25/60/10 which therefore means that the MAXIMUM AMOUNT that the insurance company will pay is the amount of $25,000 per each individual which will as well include the maximum amount of $60,000 per accident for all the individual..

Therefore The amount of the judgment that the insurance cover is $60,000

8 0

3 years ago