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Aloiza [94]
3 years ago
15

What effect will each of the following have on the supply of auto tires? (Keeping all else constant) a. A technological advance

in the methods of producing tires: . b. A decline in the number of firms in the tire industry: . c. An increase in the prices of rubber used in the production of tires: . d. The expectation that the equilibrium price of auto tires will be lower in the future than currently: . e. A decline in the price of large tires used for semi trucks and earth-hauling rigs, a substitute in production. (with no change in the price of auto tires): . f. The levying of a per-unit tax on each auto tire sold: . g. The granting of a 50-cent-per-unit subsidy for each auto tire produced: .
Business
1 answer:
nata0808 [166]3 years ago
8 0

Answer:

Supply would increase

Supply would decrease

Supply would decrease

Supply would increase

Supply would increase

Supply would decrease

Supply would increase

Explanation:

A decline in the number of firms in the tire industry reduces the supply of auto tires.

An increase in an input in the production of tires increases the cost of production of tires and this would discourage supply. Supply would fall.

Subsituite goods are goods that can be used in place of one another.

If the price of large tires decrease, suppliers would shift from producing large tires to auto tires. Supply of auto tires would increase.

A tax would increase the cost of production, so supply would fall as A result.

A subsidy encourages production of a good. Subsidy reduces the cost of production and as a result, supply would increase.

I hope my answer helps you

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Production process involves different type of cost and expenses, manufacturing overhead account is one and it is debited when overhead applied is less than the actual overhead costs incurred.

<h3>What is manufacturing overhead cost?</h3>

It is the sum of all the indirect costs that were spent while manufacturing a product.

The amount in the manufacturing overhead account can either be a debit or credit.

It is a debit when the overhead is less than the actual overhead costs that were spent.

Therefore, The manufacturing overhead account is debited when the overhead applied is less than the actual overhead costs incurred.

Learn more manufacturing overhead accounts here

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The minimum monthly payment for Rebecca's credit card is 2% of her balance or $15, whichever is higher. If Rebecca's balance at
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Hence from the above we can conclude that the correct option is C.

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Alt Corp. issues 3,000 shares of $10 par value common stock at $14 per share. When the transaction is recorded, credits are made
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Answer:

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