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
notka56 [123]
2 years ago
10

Assume the lunch plate industry in Oahu, a perfectly competitive industry, is in long-run equilibrium with a market price of $5.

If demand for lunch plate increases and this industry is a decreasing-cost industry, long-run equilibrium will be reestablished at _______ price.
Business
1 answer:
Wewaii [24]2 years ago
7 0

Answer:

Explanation:

The lunch plate industry in Oahu is a perfectly competitive industry.  

This industry is also a decreasing cost industry. A decreasing cost industry can be defined as the type of industry where an increase in the number of firms in the industry causes the average production cost to decline.  

The industry is currently in long-run equilibrium and has the price level at $5.

As the demand increases, the price level will initially increase. But this increase in the price will cause the profits to increase and thus attract potential firms to join the market.  

As the number of firms increases the average cost of production will decrease. As a result, the supply in the market will increase more than the demand.  

So the long-run equilibrium will be reestablished at a lower price than earlier.

You might be interested in
Inventory records for Dunbar Incorporated revealed the following: Date Transaction Number of Units Unit Cost Apr. 1 Beginning in
Effectus [21]

Answer:

The correct answer is B.

Explanation:

Giving the following information:

Apr. 1: Beginning inventory of 490 units for $2.16

Apr. 20: Purchase 420 units for $2.63

Dunbar sold 570 units of inventory during the month.

Under LIFO (last-in, first-out) method, the ending inventory is integrated by the first units incorporated into inventory.

First, we need to calculate the number of units in inventory:

Ending inventory in units= total units for sale - units sold

Ending inventory in units= (490 + 420) - 570= 340 units

Ending inventory ($)= 340*2.16= $734.4

7 0
3 years ago
When a person places him or herself in a position in which he or she might be exploited by another, and does so willingly with t
dalvyx [7]

Answer:

vulnerability

Explanation:

When an individual is vulnerable, it means that he/she is being exposed to the possibility of being physically or emotionally wounded.

Usually individuals place themselves in a position of vulnerability in a relationship when they have a very high degree of affection for the other person and assume the risk of being emotionally exposed.

4 0
3 years ago
A client reporting recent right eye discomfort is diagnosed with chalazion of the right eye. The nurse reinforces instructions t
STatiana [176]

Answer:

"I should apply warm packs to my eye"

Explanation:

First and foremost what kind of infection is a Chalazion

A chalazion represents a cyst or lump usually found to be growing slowly within one's eyelid. The characteristic of this cyst is that it does not last for long, usually goes away after a few weeks and it is not usually accompanied by pain. Although there are occasions where it would warrant more urgent measures and treatments

One very effective way of treating or caring for the eye during the infection is to apply warm compresses to it. To do this the person should put a cloth into a bowl of warm water, wring out the water from the cloth and then apply it over the eye for a 10 to 15 minutes period.

Therefore, an understanding of the need to apply warm packs to the eye indicates an understanding of the necessary measures to be taken by the client.

5 0
2 years ago
In order for Kanye West to perform on the new Arcade Fire album, he must first have what detailed clause in the contract between
zimovet [89]

Answer:

He must have a skratta du flörlar du in his album cover

Explanation:

You laugh, you lose

4 0
3 years ago
Read 2 more answers
Sheela Dairy Corporation buys unprocessed cows' milk from local farmers. At the dairy, this unprocessed milk is broken down into
Dafna11 [192]

Answer:

The answer is D) None of these statement is relevant in the decision to further process the cream into butter.

Explanation:

option A)  the amount paid to the farmers to purchase the unprocessed milk: this information is not relevant to further develop the cream and low fat milk to butter. It was already considered before this stage of production.

Option B) the cost of breaking down the unprocessed milk into cream and low-fat milk: this cost was already accounted for since the processing into cream and low fat milk is completed.

Option C) the portion of corporate fixed expenses that are currently being allocated to cream: This information is not going to help in the decision making for further processing.

8 0
2 years ago
Other questions:
  • A local political party made phone calls to assess likely voter turnout. The only question asked in the telephone interview was
    6·2 answers
  • The acme global corporation needed to hire 30 new advertising sales agents. the applicant pool consisted of 100 african-american
    10·1 answer
  • Minter is a small software technology firm. To create equal opportunities in the workplace, the management of Minter wants to hi
    10·1 answer
  • " The high cost of implementing changes to infrastructure always raises questions about priorities. Should investments in infras
    12·1 answer
  • At December 31, ABC reported accounts receivable of $272,000 and an allowance for uncollectible accounts of $1,350 (credit) befo
    8·1 answer
  • 1. You are evaluating the purchase of HypeToys, Inc. common stock that just paid an annual dividend of $1.80. You expect the div
    9·1 answer
  • Suppose you started a new job recently. While you were completing your employee information forms online, you noticed that you m
    14·1 answer
  • Capitalization of interest is adding accrued
    13·1 answer
  • Traditional management thinking treated human resource management primarily as a means to support a company's strategy. Traditio
    15·1 answer
  • total quality management (tqm) is an integrated organizational effort to improve quality at every level. which one of the follow
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!