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Brrunno [24]
3 years ago
10

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.
Business
1 answer:
dezoksy [38]3 years ago
7 0

Answer:

Produces products that are considered elastic

Explanation:

Technological changes is one of the key determinant of the supply and we know that technological advancement in the production of a particular commodity will lead to increase the production level of the firm. This will lead to shift the supply curve rightwards, which increases the equilibrium quantity and decreases the equilibrium prices.

Hence, if the demand for the products is elastic then the total revenue of the firm increases because this firm has the more quantity effect than the price effect, so this will increase the firm's profit.

You might be interested in
Information related to Riverbed Co. is presented below.
Scrat [10]

Answer:

April 5

Debit : Merchandise  $36,000

Credit : Accounts Payable - Tamarisk Company $36,000

April 6

Debit : Accounts Payable - Tamarisk Company $920

Credit : Cash $920

April 7

Debit : Equipment $30,500

Credit : Accounts Payable $30,500

April 8

Debit : Accounts Payable - Tamarisk Company $4,200

Credit : Merchandise  $4,200

April 15

Debit : Accounts Payable - Tamarisk Company $30,880

Credit : Discount received $926.40

Credit : Cash $29,954

Explanation:

Working for Journal on April 15

Balance = $36,000 - $920 - $4,200

              = $30,880

Discount = $30,880 x 3%

               = $926.40

Amount Paid =  $30,880 - $926.40

                      = $29,954

7 0
3 years ago
Homebound, a home decor company, annually donates blankets to various nonprofit organizations. These nonprofit organizations dis
Lady bird [3.3K]

Answer: Company philanthropy

Explanation:

  According to the given question, the company philanthropy is one of the concept that helps in promoting the corporate business for the welfare for generating the charitable donation in the non-profit organization.

The home-bound is one of the type of home decor firm that annually denoting the blankets to the various types of charitable trust or organization and this gesture is basically refers to the company philanthropy.

The philanthropy companies basically donating the various types of asset to the non-profit organizations for providing the services for helping the poor people.  

 Therefore, Company philanthropy is the correct answer.

3 0
3 years ago
Investor A bought a call option that expires in 6 months. Investor B wrote a put option with a 9-month maturity. All else equal,
Andreas93 [3]

Answer:

The value of investor A's position will decrease and the value of investor B's position will increase

4 0
3 years ago
Variance analysis Jack Joe, Inc. standard costing provided below. During 20x1, Jack Joe Inc. used 410,000 of raw materials to pr
ICE Princess25 [194]

Answer:

1) Direct material price variance= -5,000 or $5,000 unfavorable

2) Direct material quantity variance= $5,000 unfavorable

3) Actual price= $0.5122

Explanation:

Giving the following information:

Units produced= 200,000

Units sold= 200,000

Direct material used= 410,000

Standard quantity= 2 units of raw material

Budgeted cost= $0.5 per raw material unit

Total Raw material variance= $10,000 unfavorable

First, we need to calculate the direct material quantity variance:

Direct material quantity variance= (standard quantity - actual quantity)*standard price

Direct material quantity variance= (400,000 - 410,000)*0.5

Direct material quantity variance= $5,000 unfavorable

Now, we can determine the direct material price variance:

Total direct material varaince= Direct material quantity variance + direct material price variance

10,000= -5,000 +

direct material price variance= -5,000 or $5,000 unfavorable

Finally, we can calculate the actual price per raw material unit:

Direct material price variance= (standard price - actual price)*actual quantity

-5,000= (0.5 - actual price)*410,000

-5,000= 205,000 - 410,000actual price

210,000/410,000= actual price

$0.5122=actual price

7 0
3 years ago
Allison invested $23,000 in an account paying an interest rate of 6.7% compounded annually. Assuming no deposits or withdrawals
Vadim26 [7]

Answer:

18 years

Explanation:

Given that;

P= $23,000

A= $76,300

r= 6.7%

From

A = P(1 + r/100)^n

76,300 = 23,000 (1 + 0.067)^n

3.3 = (1.067)^n

Taking logarithm of both sides

log 3.3 = log (1.067)^n

log 3.3 = nlog(1.067)

n= log 3.3/log 1.067

n= 0.5185/0.0282

n= 18 years ( to the nearest year)

8 0
3 years ago
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