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Neko [114]
3 years ago
12

The smartphone market is in​ long-run equilibrium. Then the demand for smartphones increases. Describe what happens in the marke

t for smartphones. In the short​ run, firms will​ _______.
A. incur an economic loss
B. continue to break even
C. make an economic profit
Business
1 answer:
mr_godi [17]3 years ago
6 0

Answer:

C. make an economic profit

Explanation:

Demand increase means the shifting of the demand curve to the right. At the same quantity new price will be higher than old price.

Regardless of whether a firm choose to produce more phones (if marginal cost increases more than marginal revenue they may choose not to) they can earn more revenue at the same quantity produced and make an economic profit.

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The costs and risks associated with doing business in a foreign country are typically?
shutvik [7]

The costs and risks associated with doing business in a foreign country are typically lower in economically advanced and politically stable democratic nations.

A business is an activity that makes a living or makes money by manufacturing or buying and selling products.

Business is defined as an organization or business entity engaged in commercial, industrial, or professional activities. A business can be a for-profit or non-profit organization. The types range from corporations with limited liability to sole proprietorships, corporations and partnerships.

The definition of business is the profession or trade, the buying and selling of goods or services for profit. A business example is agriculture. An example of a transaction is the sale of a home.

Learn more about business here:brainly.com/question/24553900

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6 0
2 years ago
Savvy consumers often purchase automobiles from dealerships at the end of the quarter or at year-end since dealers who meet thei
leonid [27]

Answer:

cumulative quantity discounts

Explanation:

Many customer’s purchase items and commodities at the end of the seasons because at year-end, the sellers, manufacturers and dealers offer various discounts to clear the inventory. Likewise, customers of savvy often buy commodities at the end of a quarter or a season to earn cumulative quantity discounts; it is a discount that is given to consumers who buy a specific amount of quality.

8 0
3 years ago
Being antisocialble with people can lead you in serious danger
TEA [102]

Answer:

is this a question?

if its true or false its false

6 0
3 years ago
Offer. Ball writes to Sullivan and inquires how much Sullivan is asking for a specific forty-acre tract of land Sullivan owns. B
Fittoniya [83]

Answer:

Ball can certainly hold Sullivan to a contract for sale of the land.  Sullivan in his reply to Ball's enquiry offered to sell the forty-acre tract of land at $60,000 and nothing less.  Ball accepted this offer by Sullivan by stating his acceptance.

These exchanges of offer and acceptance meet the terms of a valid contract.  Therefore, Ball can always hold Sullivan for contract enforcement.

Explanation:

In making a valid contract, offer and acceptance are key ingredients, with specific consideration.  Since the two parties, Ball and Sullivan are agreed on the consideration and have exchanged offer and acceptance, the validity of the contract is enhanced thereupon.

7 0
3 years ago
Price Level Aggregate Demand Aggregate Supply 100 10,000 4,000 200 9,000 5,000 300 8,000 5,000 400 7,000 7,000 500 6,000 8,500 6
vovangra [49]

Answer:

7000

Explanation:

Generally, we can say a system is at equilibrium when the quantity of goods demanded is the same as the quantity of goods supplied. Therefore, for the given economic system, the equilibrium condition is when the aggregate demand (7000) is equivalent to the aggregate supply (7000) when the price level is 400. Thus, the value of the equilibrium output is 7000.

7 0
3 years ago
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