1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
adelina 88 [10]
2 years ago
5

If Jacques's Fire Engines were a competitive firm instead and $80,000 were the market price for an engine, decreasing its price

from $80,000 to $60,000 would result in a decrease in the production quantity, but an increase in total revenue.
a) true
b) false
Business
1 answer:
Anna35 [415]2 years ago
3 0

Answer:

The correct answer is:

false (b)

Explanation:

Reduction in the price of a good or service in a competitive market leads to an increase in quantity demanded, which in turn leads to an increase in the production quantity, to cater for the increase in the volume of demand. Hence the reduction in the price of Jacques's fire engines will increase demand and in effect increase the production quantity. With respect to the total revenue, depending on the extent of demand increase, the total revenue might increase or even decrease. If the total demand exceeds the previous demand to make up for the reduction in price, the total revenue will increase, if not so, the total revenue will decrease.  

You might be interested in
The average person changes career how many times in a lifetime?
IgorLugansk [536]

Answer:

<h2>Statistics Suggest You Will Change Careers More Frequently</h2><h3>The average person will change careers 5-7 times during their working life according to career change statistics. With an ever increasing number of career choices, 30% of the workforce will now change careers or jobs every 12 months.</h3>
7 0
3 years ago
Read 2 more answers
Outline the initiatives that Woolworths use to lessen their impact on the environment​
Bingel [31]

The initiatives that Woolworths use to lessen their impact on the environment​ - RECYCLING

we're committed to lowering the quantity of waste we send to landfill, recycling what we will and the usage of recyclable materials wherein we can. a number of THE ways we are RECYCLING TO reduce WASTE: RECYCLED PLASTIC: the whole lot in our shops from trolleys to signage is made from recycled substances.

1. ENERGY

We want to lessen the negative affects of weather exchange. That’s why we’ve made a commitment to the usage of power efficiently and decreasing our carbon footprint.

HERE'S HOW WE'RE SAVING ENERGY

AT OUR STORES: every time we design a new store, we have a look at the way to encompass strength-saving elements and solar energy. This has resulted in extra than 40% reduction in energy utilization in SA shops, with over 100 inexperienced stores designed.

2. WATER

We want to ensure future generations will still be able to enjoy clean, fresh water. That's why we’re actively working to use water responsibly   – in our own operations and those of our suppliers.

HERE'S HOW WE'RE SAVING WATER:

AT OUR HEAD OFFICE: We treat and use underground water, saving the local municipality over 14.5 million litres of water every year.

FARMING FOR THE FUTURE: We’re helping farmers reduce water wastage and water pollution through our Farming for the Future initiative.

Learn more about RECYCLING brainly.com/question/11861824

#SPJ9

5 0
1 year ago
A marketing firm tracks data on grocery store visits. in one study it finds that the probability that a shopper buys bread durin
Murrr4er [49]

The probability of buying bread and cheese is 0.15

What is Probability?

Probability is the branch of mathematics that studies the possible outcomes of given events together with the outcome's relative likelihoods and distribution.

Step-by-step explanation:

Data

probability that a shopper buys bread, p(A) = 0.6

probability that a shopper by cheese, p(B) = 0.25

If two events A and B are independent, then the probability that A and B occurs is :

P(AUB) = P(A)*P(B)

Replacing with data

P(A∩B) = 0.6*0.25 = 0.15

Learn more about probability here:

brainly.com/question/13604758

#SPJ4

3 0
1 year ago
What is the value of y in the equation below?<br><br> 6(y - 1.5) = 30
goldfiish [28.3K]

Answer:

x=3

Explanation:

6 0
2 years ago
Read 2 more answers
The effect of a change in tax rates:
prisoha [69]

Answer:

d. Is reflected in income from continuing operations.

Explanation:

Taxes are defined as the amount that is levied by a government on its citizens, the funds are used to fund government expenditure.

When a business's tax rate increases the extra cost that results will be recognised as an expense in the income from operations.

On the other hand when tax rate is reduced it will result in increased income for the business.

Tax is one of the factors businesses consider when setting up operations. Locations with low tax rates are more favoured as they result in higher income.

5 0
3 years ago
Other questions:
  • How do the subheadings under "after high school" contribute to the organization of "career planning for high schoolers."? by inf
    13·2 answers
  • Unexpectedly high inflation tends to hurt ________ most
    15·1 answer
  • An association had a fund balance of 75 on January 1 and 60 on December 31. At the end of every month during the year, the assoc
    12·1 answer
  • Suppose Jim worked 62 hours during this payroll period and is paid $14.00 per hour. Assume FICA is 6.2%, Medicare is 1.45% and w
    8·1 answer
  • Assuming that Borland retires shares it reacquires, record the appropriate journal entry for each of the following transactions:
    10·1 answer
  • Tonya contributes $150,000 to Swan, Inc., for 80% of the stock. In addition, she loans Swan $600,000. The maturity date on the l
    7·1 answer
  • What is a consumer in business
    12·2 answers
  • Which lender most likely offers the best options on a short-term loan?
    7·1 answer
  • Which act prohibits banks from treating people differently based on race, origin, marital status, or age?
    6·1 answer
  • What is the largest type of financial institution ?
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!