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choli [55]
3 years ago
5

A new technological breakthrough increases production for an industry and shifts the supply curve to the right. If the firm ____

____, then the firm will likely be happy about this new technology.
a. produces products that are considered inelastic
b. produces products because consumer will buy less
c. produces products that are considered elastic Next
Business
1 answer:
Katyanochek1 [597]3 years ago
6 0

Answer:

The correct answer is letter "C": produces products that are considered elastic.

Explanation:

Elasticity refers to the sensitivity of a good or service to reflect change in its supply or demand after a change in price. A product's supply is said to be elastic if the changes in the quantity supplied increases and it immediately determines a price in the price.

Thus, if for technological reasons the output of a company increases, considering that the product is elastic, the prices will increases which will provide the organization more revenue. That firm will be more than glad about the technological advance.

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I tink its C. now 100% sure

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Which of the following is not a type of bank
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What are choices for this question
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The cost of goods for Mandy Manufacturing Company flow through an assembly and a finishing department before being transferred t
laila [671]

Answer:

Option (D) is correct.

Explanation:

Given that,

Beginning work in process = $4,000

Ending work in process in finishing department = $6,000

Cost transferred = $47,000

Direct material = $15,000

Direct labor  = $46,000

Overhead  = $22,000

Cost incurred in finishing department:

= Beginning work in process + Cost transferred + Direct material + Direct labor + Overhead

= $4,000 + $47,000 + $15,000 + $46,000 + $22,000

= $134,000

Cost of goods transferred to the Finished Goods Inventory account:

= Cost incurred in finishing - Ending work in process

= $134,000 - $6,000

= $128,000

5 0
3 years ago
State any five reasons why an entrepreneur may carryout Market survey.​
swat32

Answer:

to know what the other people are interested in, for example they do a survey to see how much of each product they need and the popularity of how many people like the stuff, those are 2 reasons, quantity and I would say popularity 3: get the people to know that enreprenuer cares 4 and five just think about it, I cant really think of anymore

Explanation:

6 0
3 years ago
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Wreckorp wants to maintain an exclusivity image for its product line of sports equipment. It limits its distribution to 100 stor
lara31 [8.8K]

Based on the fact that Wreckorp wants to maintain an exclusivity image and limits its distribution to 100 stores in each region, it is Impossible to determine legality based on the information provided.

<h3>Are Wreckorp's actions legal?</h3>

It is not possible to know if Wreckorp's actions are legal or illegal because the information provided does not give the full facts.

The actions of Wreckorp may be legal if no region is being disadvantaged but it could be illegal if this is the case. More information is therefore needed.

Options for this question are:

  • Strictly illegal
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  • Strictly Legal

Find out more on the legality of business actions at brainly.com/question/4556120.

#SPJ1

6 0
1 year ago
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