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Irina-Kira [14]
3 years ago
6

Suppose there is a major technological advance in the production of a good that causes production costs to fall. If demand for t

he product is relatively inelastic, what will happen in the market? Price will relatively decrease greater than the increase in quantity. Price and quantity will change by the same amount. Price will relatively decrease less than the increase in quantity.
Business
1 answer:
victus00 [196]3 years ago
6 0

Answer:

major key

Explanation:

the decrease of the price and quantity

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Answer:thx buddyExplanation:

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3 years ago
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Construct a simple income statement that calculates net income given the following information: Cost of goods sold: 200 Income t
elixir [45]

Answer:

Explanation:

The construction of the simple income statement is presented below:

Sales revenue                                           $1,000

Less: Cost of goods sold                          -$200

Gross profit                                                $800

Less: Operating expenses

General and administrative expenses    -$50

Depreciation expense                             -$150

Profit before tax                                        $600

Less: income tax                                       -$100

Net income                                                $500

             

3 0
3 years ago
Maple Company purchases new equipment (7-year MACRS property) on January 10, 2020, at a cost of $430,000. Maple also purchases n
soldier1979 [14.2K]

Answer:

$720000

Explanation:

This answer is quite sole and can be obtained by simple addition.

The answer to this question can be gotten by adding the MACR property of 8byears that has a cost of $430,000 with the purchases of new machines whose cost is $290000.

= $430000 + $290000

= $720000

Therefore Maple's total MACRs deduction for the year 2020 is equal to

$720000.

Thank you!

4 0
3 years ago
Sales of Schwinn's apartment-sized exercise machine have experienced a steady climb; however, the profits have been negative. Th
Alchen [17]

Answer:

<em>The Schwinn exercise machine is most likely in the</em> <u>introduction</u><em> stage of the product life cycle.</em>

Explanation:

The life cycle of a product is characterized by the phases:

1- introduction,

2- growth,

3- maturity

4- decline.

The first step is the introduction, which characterizes the product's insertion in the market, and includes business efforts to make consumers aware of the product. This phase has as its main characteristics the <u>low volume of production and sales.</u>

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3 years ago
Which of the following statements reflect negative outcomes known to result from work teams? Check all that apply.
diamong [38]
Answer: - if our team makes a bad decision, we’d all feel individually accountable for the decision.
I know this because I’m smart like that.
8 0
4 years ago
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