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sweet-ann [11.9K]
3 years ago
11

QUESTION 16 Which of the following will cause the equilibrium price of widgets to fall and the equilibrium quantity to rise? A.

Widget workers agree a large wage decrease so that none of them will have to be laid off. B. A decrease in the price of an item that consumers consider a substitute. C. The government raises taxes on widget firms. D. An increase in the price of an item that producers consider a substitute
Business
1 answer:
Vedmedyk [2.9K]3 years ago
7 0

Answer: A. Widget workers agree a large wage decrease so that none of them will have to be laid off.

Explanation:

There are activities that affects supply function cost, like wages cost going down, pushing prices down as well. In this case, with everything else constant, when cost go down the productivity per factor increase, making it possible to produce the same quantity at a lower price, or to produce more at a same price

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Hat Tricks Company (HTC) is a Buffalo, New York, manufacturer of hats and gloves. Recently, the company purchased a new machine
saul85 [17]

The selling price per hat is mathematically given as

S=$62

<h3>What is the selling price per hat?</h3>

Direct labor hours required to produce first 100 hats=10hr

Direct labour cost =20hr*60$/hour = $1200

Other Direct cost =100hats*19$/hat = $1900

Total Direct cost. = $3100

Selling price is 200% of Direct production cost

$3100*200% = $6200

The selling price per hat = $6200 / 100hats

The selling price per hat = $62

In conclusion, The selling price per hat = $62

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3 0
2 years ago
The emphasis of a marketing strategy for a discontinuous innovation would most likely be to: Multiple Choice a) advertise benefi
LiRa [457]

Answer:

c) generate awareness among consumers.

Explanation:

  • For a marketing channel to emphasize the discontinuation innovation of the strategy would be to focus on proving knowledge pt the customers about the new launch product and the explain its features as the example of HP inkjet printer that was dos[released earlier  
  • the newer printhead technologies were developed that was a better way to put ink on the paper.
  • As the new product that is unable to meet the requirement of the people can be recalled and hence a need pf awareness has to be done through proper marketing and promotion channels.
7 0
3 years ago
Eric needs help with his credit problems. Which organization is considered a good, reputable source of information on how to sol
andrey2020 [161]

The correct answer is option (b) National Foundation for Consumer Credit (US) 

Credit problem solution can be provided by National Foundation for Consumer Credit (US).

<h3>What is National Foundation for Consumer Credit (US)?</h3>

A network of non-profit credit counselling groups operates nationally under the name of National Foundation for Credit Counseling (NFCC). People who have taken on too much debt can benefit from counselling in order to avoid filing for bankruptcy, which is one of the main services offered by NFCC member organisations.

If you need help with your money, contact Consumer Credit Counseling Services (CCCS), a membership organisation of regional nonprofit organisations. Consumer finance businesses, banks, credit card issuers, and other lenders all make voluntary contributions to CCCS.

Revolving credit and instalment credit are the two types of consumer credit. Revolving credit works similarly to a credit card in that the borrower is given permission to utilise a certain amount of credit whenever they need it.

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8 0
2 years ago
Countries such as the United States, the United Kingdom, France, Germany, the Netherlands, and Japan dominate in the share of to
Andru [333]

Answer: they were the most developed countries postwar and home to the largest and best capitalized enterprises

Explanation:

The options to the question are:

A. they were the most developed countries postwar and home to the largest and best capitalized enterprises.

B. they pursued a policy of blocking or restricting FDI inflow into their own economies.

C. they provided subsidies for their domestic firms to protect them from foreign competition.

D. they control much of the operating structure of the WTO which governs international trade.

E. they were the governing body of the International Monetary Fund.

The main reason for the dominance of countries such as the United States, France, the United Kingdom, Japan, Germany, and the Netherlands, in the share of total global stock of FDI and FDI outflows and in the rankings involving world's largest multinationals is because after the world war, they were the most developed.

Another reason is because they are the home to the largest and best capitalized enterprises. These countries mentioned in the question have the best technologies and are always innovative coming out with better ideas and technologies, hence their dominance in the world market.

8 0
4 years ago
Your birthday is next week and instead of other presents, your parents promised to give you $2,100 in cash. Since you have a par
Nat2105 [25]

Answer:

FV= $2,765.30

Explanation:

Giving the following information:

Present Value (PV)= $2,100

Interest rate= 0.054/4= 0.0135

Number of periods= 2*4= 8 quarters

<u>To calculate the future value, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 2,100*(1.0135^8)

FV= $2,765.30

6 0
4 years ago
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