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]
3 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]3 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
Consider this scaled figure of a swimming pool. The dimensions of the original pool are 24 feet wide by 36 feet long.
Neko [114]

Answer:

3/5

Explanation:

9.6

5 0
2 years ago
Read 2 more answers
match the name to the letter indicating the functional business area within the enterprise system finance
Flauer [41]

Enterprise applications are systems that have cross-functional boundaries, concentrate on carrying out business operations throughout the whole corporate organization, and include all management levels.

Enterprise applications are systems that have cross-functional boundaries, concentrate on carrying out business operations throughout the whole corporate organization, and include all management levels. By tightly synchronizing their business operations, enterprise apps enable firms to become more adaptable and productive.

Four main corporate apps are as follows:

  • Business systems
  • Systems for managing the supply chain
  • Systems for managing customer relationships
  • Information management techniques

Each of these enterprise applications combines a related set of operations and business procedures in order to improve organizational performance overall.

To learn more about the functional areas of business:

brainly.com/question/28474768

#SPJ4

3 0
1 year ago
The student-run newspaper asks students to visit a web page and respond to questions regarding a proposed tuition increase. Only
disa [49]

Answer:

C) both anonymous and confidential

Explanation:

  • As the student-run, the new paper and ask other students to visit a link firm the new paper and respond to those questions and the responses for only those questions were recorded.  
  • This indicates that the newspaper survey is anonymous and confidential as the ant student can fill the survey and the information that is confidential as none outside the newspaper has access to those responses.
6 0
3 years ago
If an increase in the supply of a product in the market results in a decrease in price, but no change in the quantity traded, th
Digiron [165]
<span>If an increase in the supply of a product in the market results in a decrease in price, but no change in the quantity traded, then the quantity of products will be growing and growing in the stock. this will again lead to a decrease in price and consumes more time to sale their stock. This will create a heavy loss to the investor. It may be overcome by innovative thoughts such as stopping the production of current product and launching a new product with available materials. So that it will balance the production and sale.</span>
6 0
3 years ago
Assume the following exchange rates: $1 = NZ$3, NZ$1 = MXP2, and $1 = MXP7. Given this information, as you and others perform tr
Vika [28.1K]

Answer:

c. Appreciate; Appreciate

Explanation:

Triangular arbitrage is the act of taking an opportunity resulting from a pricing discrepancy among three different currencies when the currency's exchange rates do not exactly match up

This cases are very rare and for a quite short period of time so there are very few traders who takes the advantange of them.

Lets study th given cases here:

A) NZ dollar Versus Mexican Peso

The exchage rate is 1NZ$= 2 Mexican Pesos (MXP)

But if we apply the triangular arbitrage:

1 NZ dollar = 0.3333 US$

and we know tha 1 US$= 7 Mexican Pesos (MXP

Then 1 NZ dollar = 0.3333* 7 MXP= 2.333 MXP

So the NZ dollar appreciates

B) MXP Versus U$S

The exchage rate is 1 MXP= (1/7) U$S

But if we apply the triangular arbitrage:

1 MXP = 0.5 NZ

and we know tha 1 NZ= 0.333 US$

Then 1 MXP = 0.5* 0.333 U$S= 0.166 U$S

So the MXP appreciates

7 0
3 years ago
Other questions:
  • Stock A has a beta of 1.2 and a standard deviation of 20%. Stock B has a beta of 0.8 and a standard deviation of 25%. Portfolio
    8·1 answer
  • Exercise 15-17 Overhead rate calculation, allocation, and analysis LO P3 Moonrise Bakery applies factory overhead based on direc
    8·1 answer
  • Need answers fast comment and ill answer as fast as I can starting with who asked first
    10·2 answers
  • "I promise to pay $5,000 to Lorenzo on or before August 1, 2001, in return for the same amount borrowed from him on May 1, 2001.
    10·1 answer
  • Turnbull Co. has a target capital structure of 45% debt, 4% preferred stock, and 51% common equity. It has a before-tax cost of
    13·1 answer
  • Describe the economic cycle. Give specific details and examples
    7·1 answer
  • Your textbook discussed a model of a simple economy with four markets: labor, capital, energy, and food. Which of the following
    5·1 answer
  • Taylor's nominal income is $50,000 per year in Acity where the cost-of-living index is 200. Taylor is considering accepting a si
    7·1 answer
  • Assume Fred faces a potential liability exposure. The standard deviation of the probability distribution for the loss equals $12
    9·1 answer
  • One reason to use a predetermined overhead rate is to eliminate the effect of seasonal factors. True or false?.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!