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Aloiza [94]
4 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]4 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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20. Frictional unemployment is inevitable because: A) different sectors do not shift. B) the economy needs to be lubricated. C)
Cerrena [4.2K]

Answer:

The answer is option B) Frictional unemployment is inevitable because the economy needs to be lubricated.

Explanation:

Frictional unemployment is different from others in happens as a result of employees seeking out better opportunities. They could leave voluntarily or be fired from their current jobs but its is for a greater good- which is a quest for better economic opportunity.

Frictional unemployment occurs when there is a mismatch between job seekers and available jobs in the market.

It also happens due to the natural career progression for an employed staff seeking to transition to a new job, industry, or role.

Frictional unemployment is like a lubricant in the economy because an increase in frictional unemployment means more workers are moving toward better positions.

4 0
3 years ago
The agreed cost of an item to be purchased by a business on credit is $4,000. The applicable cost will be debited to advertising
Hoochie [10]

Answer:

$4,480

Explanation:

The total amount to be recorded as expense would include the cost of the item purchased an the values of the applicable taxes.

As such, the advertising expense would include the value of the goods and services tax as well as the provincial sales tax with both tax rates applied to the applicable cost.

Goods and services tax = 5% × $4,000

= $200

Provincial sales tax = 7% × $4,000

= $280

Total debit to advertising expense

= $4,000 + $200 + $280

= $4,480

7 0
3 years ago
Manuel is a manager for a manufacturing company in which managers are expected to fully document all decisions and in which it i
ikadub [295]

Answer: Low risk taking culture

Explanation:

Organisational culture includes the behaviour, beliefs, value and principles in which an organisation operates on. It's entails the way business are done, decisions are made etc.

Low risk taking is an organisation culture aimed at minimising risks. Recommendations and Decisions are based on facts and genuine data not on abstract and unreal thoughts with decisions fully documented.

7 0
3 years ago
You rent a car for $29.95. The first 150 miles are free, but each mile thereafter costs 15 cents. You plan to drive it 200 miles
kari74 [83]

Answer:

marginal cost is 15 cents

Explanation:

given data

car rent = $29.95

distance d1 = 150 miles

cost = 15 cents per miles

distance d2 = 200 miles

to find out

marginal cost

solution

first we find here cost for driving d2

cost for 150 to 200 miles  = 15 × 50

cost for 150 to 200 miles  = 750 cents = $7.5

so

cost for driving d2  = $7.5 + $29.95

cost for driving d2 = $37.45

so

marginal cost will be

marginal cost = change in cost / chance in distance

marginal cost = 37.45 - 39.95   /   ( 200-150)

marginal cost = 7.5 / 50  = 0.15

marginal cost is 15 cents

5 0
3 years ago
In a sandwich shop, 3 workers are able to make 45 sandwiches in an hour during the lunch rush. When a 4th worker is added, the t
Maksim231197 [3]

Answer:

12

Explanation:

Calculation to determine the marginal product of adding the 4th worker

Using this formula

MP=ΔTPΔL

Let plug in the formula

ΔTP=57−45

ΔTP=12

Therefore The marginal product of adding the 4th worker is 12 sandwiches.

5 0
3 years ago
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