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nataly862011 [7]
3 years ago
13

Suppose that the market for haircuts in a community is perfectly competitive and that the market is initially in long-run equili

brium. Subsequently, an increase in population increases the demand for haircuts. In the short run, we expect that the market price will ________ and the output of a typical firm will ________.
a. rise; rise

b. fall; fall

c. rise; fall

Business
1 answer:
RUDIKE [14]3 years ago
3 0

Answer:

a. rise; rise

Explanation:

When demand is increased the demand curve shift to the right. In the short run supply curve has not adjusted so it will intersect demand curved at new equilibrium point with higher price and higher quantity (price)

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The Aust Corporation has gathered the following data on its copy machine costs for the first eight months of the year. Month Num
GuDViN [60]

Answer:

following a linear equation:

y = mx + b

if we use July's data:

y = $0.0882m + 500

where

y = total cost

m = number of copies

the slope = 1 / 11.3333 = 0.0882

Explanation:

Month          Number of Copies       Total Copy Cost

January            46,000                          $4,600

February          42,000                          $4,400

March              58,000                           $5,300

April                 64,000                           $6,300

May                  57,000                          $5,000

June                62,000                           $5,800

<u>July                 68,000                           $6,500 </u>

August            71,000                            $7,300

y = mx + b

6,500 = 68,000x + 500

x = variable cost per unit = (6,500 - 500) / 68,000 = $0.088235294 per copy ≈ $0.0882 per copy

the equation would be:

y = $0.0882m + 500

the slope = 1 / 11.3333 = 0.0882

8 0
3 years ago
If equity is $368,000 and liabilities are $186,000, then assets equal:
Grace [21]
By definition we have that the capital is equal to the Assets minus the liabilities.
 In other words, we have:
 C = A-P
 Where,
 A = Assets
 P = Liabilities
 C = Capital
 Clearing assets:
 A = C + P
 A = 368000 + 186000
 A = 554000
 answer:
 The assets are $ 554,000
8 0
3 years ago
Katya is developing a business message about a green initiative that her company is hoping to launch. in the process of creating
abruzzese [7]
This action belongs to the ANALYZE STEP of the AIM planning process.
AIM planning process is a methodology that is used to bring structure to process improvement and problem solving. It is made up of three steps which are analyze, improve and monitor. The analyze step examine the problem for clues about how to solve it, the improve step eliminates the service gap and add improvements while the monitor step ensures that the improvements are working.
8 0
3 years ago
Read 2 more answers
a manufacturing operation consists of 10 operations; 5 of them are distinct machining operations and the other 5 are distinct as
m_a_m_a [10]

14,400 production sequences are possible.

Since the first set of machining operations can be performed in any order, after selecting one, there are 4 operations left. After selecting another, there are 3 operations left.

After selecting yet another, there are 2 operations left. Finally, after selecting yet another, there is only 1 operation left. This procedure may be described by the equation below: There are 120 potential options when multiplying 5 by 4 by 3 by 2 by 1. It may also be written mathematically as 5! = 120.

Here, We have 5 × 4 x 3 x 2 x 1 = 120 potential unique options for the final five assembly processes.

So total number of combinations will be - 120 × 120

= 14,400

To learn more about Combinations from given link

brainly.com/question/13398997

#SPJ4

8 0
2 years ago
Riverrun Co. provides medical care and insurance benefits to its retirees. In the current year, Riverrun agrees to pay $31,500 f
salantis [7]

Answer:

Date                     Details                                                Debit               Credit

December 31,      Employee benefits expense            $41,150

                             Medical insurance payable                                    $31,500

                             Employee Retirement program                             $9,650

                             payable

Working

= 31,500 + 9,650

= $41,150

7 0
3 years ago
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