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ladessa [460]
3 years ago
13

Perfectly competitive industry X has constant costs and its product is an inferior good. The industry is currently in long-run e

quilibrium The economy now goes into a recession and average incomes decline. The new long-run equilibrium will result in a(n) Multiple Choice
1. increase in output and in the equilibrium price of the product.
2. increase in output, but not in the equilibrium price of the product.
3. decrease in output, but not in the equilibrium price of the product.
4. decrease in output and in the equilibrium price of the product.
Business
1 answer:
klio [65]3 years ago
7 0
Chicken is the best food in the whole world Saharan in a long way is a life of y’all
You might be interested in
Grab Manufacturing Co. purchased a 10-ton draw press at a cost of $180,000 with terms of 5/15, n/45. Payment was made within the
Yuri [45]

Answer:

The correct answer is 187,600

Explanation:

180,000 x 95% = 171,000

171,000 + 4,600 + 12,000= 187,600

good luck ❤

7 0
4 years ago
There are two producers of wagon wheels that together are the exclusive providers to a large community. the executives of these
iris [78.8K]

Answer:

This is an example of <u>"oligopoly".</u>

Explanation:

Oligopoly refers to a term which means many firms and this is related to a market structure which is dominated by small number of large firms. There are some advantages as well as disadvantages of oligopoly markets. Firms under oligopoly markets can be comfortable to work with each other and they  can also harm each other.

7 0
3 years ago
Sasha, a wealthy industrialist, owns several coffee plantations in Brazil. Encouraged by the rising sales figures in the domesti
Alenkinab [10]

Answer:

d. Exporting

Explanation:

Exporting -

It refers to the practice of selling the goods or services produced by the country to any other country in the world is referred to as exporting .

The practice of exporting is exactly opposite of the process of importing .

The country selling the goods are referred to as the exporter and the country buying the goods or services are referred to as the importer .

Exporting is one of the very oldest method of transferring goods and services on a very large scale .

Hence , from the given scenario of the question ,

The correct option is d. Exporting .

5 0
4 years ago
A corporation uses a FIFO perpetual inventory system. August 2, 25 units were purchased at $12 per unit. August 5, 10 units were
mamaluj [8]

Answer:

The dollar amount of the ending inventory for the month of August is $460

Explanation:

FIFO Perpetual chart is attached.

FIFO Perpetual chart shows purchases , sales and balance of each period.

The balance at the end of August is

Units Unit Cost Total

 10              12         $120,00

 10              13          $130,00

 15              14          $210,00

Total=$460

Units 35

Download xlsx
4 0
3 years ago
A goal that you want to achieve by next year is which type of goal?
Viefleur [7K]

Answer:

C. Long-term

Explanation:

Goals that take more than one year to accomplish are known as long term goals. They require good planning and funding to complete. Long term goals contrast with short term goals that take less than one year to achieve.

In this case, the plan is to achieve this goal by next year. It will require this year and next year to accomplish this objective. Therefore, this goal is a long-term goal.

5 0
3 years ago
Read 2 more answers
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