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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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What is the major difference between the post-closing trial balance and the other two trial balances?
lapo4ka [179]

Answer:

d.The post-closing trial balance is the only one to include only real accounts.

Explanation:

Post closing trial balance is prepared after providing for all the adjustments pending in the first raw trial balance.

Thus, it only represents the real accounts, as only real accounts have the balance to be carried forward, all the expenses and incomes are not real accounts and are thus, closed, and no carrying balance.

Whereas, all other trial balances will have the other accounts outstanding as well.

Thus, only statement D is correct in disclosing the difference between various trial balances.

4 0
3 years ago
Perfect substitutes A. always have indifference curves with slopes of minus1. B. have horizontal indifference curves. C. always
torisob [31]

Answer:

Option (D) is correct.

Explanation:

Perfect substitute goods are the goods which can be used in place of each other.

Perfect substitutes refers to the goods which are having identical characterstics, features and provide the exactly same level of satisfaction.

The marginal rate of substitution for these perfect substitute goods remains constant which means that the trading of one good for the another good is at a fixed rate.

3 0
3 years ago
Batterton prepaid a two full​ years' insurance on December 1 of the current​ year, $6,960. Record insurance expense for the year
mezya [45]

Answer:

A y a good time for me is that

4 0
3 years ago
Answer the following question using this order book: Order Book Example Buy Orders (Bids) Sell Orders (Asks) Amount Price Amount
Murljashka [212]

The spread for this security after an investor submits a sell order for 185 shares at $41.87 is c.) <u>$0.38</u><u>.</u>

<h3>What is the spread?</h3>

The spread is the gap or difference between the bid and the ask prices of a security or asset, like a stock, bond, or commodity

The spread is commonly known as a bid-ask spread.  This implies that while the investor is bidding to sell the security at $41.87, it could be sold for $42.25, giving a difference (spread) of $0.38 per share.

<h3>Data and Calculations:</h3>

Buy Orders (Bids)        Sell Orders (Asks)

Amount       Price         Amount          Price

63              $42.15            3               $42.16

36              $42.12          68              $42.22

112             $41.99          113              $42.25

 3             $41.88             9              $42.44

Spread at a ask price of $42.25 = $0.38 ($42.25 - $41.87)

<h3>Answer Options:</h3>

a.) 0.01

b.) 0.29

c.) 0.38

d.) 0.17

Thus, the spread for this security after an investor submits a sell order for 185 shares at $41.87 is c.) <u>$0.38</u><u>.</u>

Learn more about security spreads and bid and askprices at brainly.com/question/14467928

7 0
2 years ago
1) Internal distractions, such as emotions or preoccupations with a line of thought can be detrimental to your driving ability t
WARRIOR [948]
1. True. Anything that distracts the driver from the road <span>can be detrimental to his driving ability to maintain an awareness of the larger driving environment.

2. relative position. Depth perception is the </span>ability to perceive the surrounding environment in three dimensions as well as<span> the distance to an object through vision, whether the object is fixed or in movement, in front, or behind.

3. 4 seconds. That's the time needed when considering speeds up to 70mph.

4. True. All of those components are important for a safe drive - </span><span>vehicle’s operation, position, speed, the condition of the roadway, and the actions of other drivers.

5. 30-36 degrees. </span>It allows a focus for mid distances and blurring of what's around. It is important on a motorway, for example, as what's ahead is the most important once there isn't people or very busy areas around. It is also called of foveal vision. It's important when it comes to understanding the vehicle's position in the roadway, and viewing the line of sight.
7 0
4 years ago
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