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2 years ago

How does a firm generally respond to higher demand for its goods?

Business

2 answers:

horrorfan [7]2 years ago

5 0

I think it would be A

Ronch [10]2 years ago

3 0

Answer:

B. raise prices.

Explanation:

When the demand increase, while the firm is not able to increase the production, they raise the prices, because there will be buyers willing to pay more. That is the classical equilibrium of the market, offer - demand: increases in demand push the prices upward, increasing in offer pushes the prices downward.

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For each situation, prepare the appropriate journal entry for the redemption of the bonds.

Arada [10]

Answer and Explanation:

The journal entries are given below:

On Apr. 30

Bonds payable $124,000

Loss on redemption of bonds( bal fig) $18,228

Discount on Bonds payable($124,000 - $111,972) $12,028

Cash ($124,000 × 1.05) 1,30,200

(Being redemption of bonds at 105 is recorded)

On Jun. 30

Bonds payable $162,000

Premium on Bonds payable($174,960 - $162,000) $12,960

Gain on redemption of bonds ( bal fig) $14,580

Cash($162,000 × .99) $160,380

(Being redemption of bonds at 98 is recorded)

5 0

2 years ago

In the long run, each firm in a competitive industry earns

madam [21]

Answer:

The correct answer is option B.

Explanation:

In a competitive industry there is no restriction on entry or exit of firms in the market. So, when in the short run the firms are enjoying super normal profits or positive economic profits, this would attract potential firms to join the industry in the long run.

As a result the industry supply will increase in the long run. The increase in supply would cause the price to fall. This would further contribute in reducing revenue and profit.

This process will continue till the profit is reduced to zero. If profit falls below zero, then firms incurring loss will exit the industry. Then again zero profits will be restored by reduction in supply and increase in price.

So, we can say that perfectly competitive firms will have zero economic profits or only normal profits in the long run.

5 0

2 years ago

PLZ HELP FOR A TEST!!

Romashka [77]

Answer:

monopoly

Explanation:

In a monopoly market, a single firm sells a product with no close substitutes in a large market. It means that the single firm has no business competitors in the market. Without competition, the firm has the power to set prices, quality, and quantity without worrying about how customers will react.

In a monopoly market, customers have no choice since competition is absent. Customers have to do with high prices, limited varieties, and limited innovation, unlike in market structures that have business competition. Competition results in increased innovation, quality products, and a variety of products at fair prices.

6 0

2 years ago

Read 2 more answers

A major drawback with lot-for-lot sizing is?

tankabanditka [31]

Answer:

c is the answer I think because I just think

6 0

1 year ago

A new Accenture client is looking for a platform that will help them in hiring for critical roles and decreasing attrition. Whic

Leto [7]

Answer:

SynOps

Explanation:

The Accenture SynOps client may be described as a tools which leverages the combined capability of humans and machines by taking advantage of insights generated from data in an Artifical intelligent powered programs in other or deliver on smart and intelligent Decisons. The collaborative effort or humans, in this case human resource professionals and Artifical intelligence which has been developed within the SynOps Accenture client, will enable the client to make intelligent calls or Decisons from data made available to ensure that the best candidates are selected.

3 0

2 years ago