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Brrunno [24]
4 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]4 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.

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Refer to the demand schedule below.
Nesterboy [21]

Answer:

Explanation:

Demand can be defined as the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.

A demand schedule is a tabular representation of the total quantity of a particular commodity which a consumer is willing and able to buy at a particular price and a particular time.

Below is an attachment showing the tabular representation and the solution to requirement A

In the first Attachment all that was done was to use the values from the question to get our requirements Total revenue was gotten by (Price * Quantity)

Marginal Revenue was gotten by finding the Change in Total Revenue divided by Change in Quantity

So also a tabular representation of B

All that is required to plot the graph is to match the values gotten to the Y axis which represents revenue and X axis which represents quantity and connect the lines together.

6 0
3 years ago
Read 2 more answers
Location choice I has monthly fixed costs of $100,000 and per-unit variable costs of $10. What would its total cost be at a mont
viva [34]

Answer:

$250.000

hope full this answer

8 0
3 years ago
Create a step-by-step international negotiation plan for how you would approach business with Japan
avanturin [10]
1. Learn Japanese or get a translator
2. Buy lots of stock in Japanese video games like Dance Dance Revolution or Nintendo products
3. Make a lot of anime tv shows
4. Make sure to tell the government what you’ll do to insure they know isn’t illegal
5. Get that fat city wok cash
6 0
2 years ago
What investment per quarter does Luisa need to make at the end of each quarter into her savings account over 8 quarters to reach
EastWind [94]

Answer:

c. $1,010.36

Explanation:

Options <em>" ) $1,610.36 2) $522.93 3) $1,010.36 4) $110.02"</em>

<em />

Future value = Pmt * ((1+r)^n - 1) / r

Pmt = FV / ((1+r)^n - 1) /  r

Size of the deposit = 10,000 / ((1.06^8) - 1) / 0.06

Size of the deposit = 10,000 / (1.59384807453 - 1) / 0.06

Size of the deposit = 10,000 / (0.59384807453/0.06)

Size of the deposit = 10,000 / 9.897467908833333

Size of the deposit = 1010.359426482723

Size of the deposit = $1,010.36

4 0
3 years ago
Josh is 32 years old. After graduating with a bachelor's degree, he worked for a financial organization for seven years and rece
Snezhnost [94]

Answer:

a career transition        

Explanation:

In simple words, a career transition refers to the process under which an individual changes his or her job or profession etc. Such transition could be done by changing jobs in the same job sector such as one start selling pizzas instead of burgers. On the other hand, some individual changes their occupations drastically, for instance, a doctor starts a burger shop by arranging his or her own capital.  

5 0
3 years ago
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