If (1) the cost of manufacturing computers decreases and (2) at the same time the quality improves, making computers more useful
for households, which of the following is most likely to happen?a. equilibrium price will increase, equilibrium quantity will increaseb. equilibrium price may increase or decrease; equilibrium quantity will increasec. equilibrium price will decrease; equilibrium quantity will decreased. equilibrium price may increase or decrease; equilibrium quantity will decrease
1 answer:
Answer:
equilibrium price may increase or decrease; equilibrium quantity will increase
Explanation:
Two things are happening here
1. The cost of manufacturing computers decreases, which generates Supply to shift Right
2. Quality improves, making computers more useful for households, which generates Demand to shift Right.
This is illustrated by the figure attached. Quantity unequivocally will increase, price on the other hand will increase or decrease depending on how much each curve shifts. For example on the left, price increases, and on the right decreases
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Answer:
Correct option is D.
Unearned Rent Revenue Dr. $16,000
Rent Revenue $16,000
Explanation:
Provided that rent is received for a period of 1 year that is 12 months on May 1, 2010 amounting $24,000
Thus rent per month = $24,000/12 = $2,000 per month
Provided financial year = Calendar year
thus for the year 2010 rent revenue = 1 May to 31 December = $2,000 8 = $16,000
Since revenue = $16,000 for the year and initially was recorded as unearned rent thus for the year $16,000 should be transferred to rent revenue.
For this entry shall be:
Unearned Rent Revenue Dr. $16,000
To Rent Revenue $16,000
Correct option is D.
Answer:
Explanation:
given,
Mean,μ= 35mm
Standard Deviation,σ = 0.5mm
Sample size, n = 36
Sample Standard deviation =
=
= 0.0833
The interested diameter is between 34.95 to 35.18 mm
Calculating the Z score of the for the diameter mentioned.
now, Form Z-table
Subtracting the value
= 0.9846 - 0.2741
= 0.71
Hence, the required probability is that the diameter of bearing is in between 34.95 and 35.18 mm is equal to 0.71.