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Vitek1552 [10]
3 years ago
5

True or False: If Hubert's Fire Engines were a competitive firm instead and $100,000 were the market price for an engine, decrea

sing its price from $100,000 to $80,000 would result in the same change in the production quantity and, thus, total revenue.
Business
1 answer:
KatRina [158]3 years ago
5 0

Answer:

False

Explanation:

In a perfectly competitive market the sales revenue is based on pricing also. As the pricing policy also plays an important role in the marketing technique to attract customers.

As the quality served is generally the same in the market, there is no issue in that but when the price is reduced expected sales will increase and accordingly the expected revenue also increases.

As the sales is expected to increase the revenue will also increase accordingly, even though the price is reduced, due to increase in sales quantity the expected change shall not be same as that of the change in price.

Thus, the statement is False.

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What are the benifits of strategic management process
skelet666 [1.2K]
These are some of my personal benifits of strategic management process:

It allows organizations to be proactive rather than reactive. A strategic plan allows organizations to foresee their future and to prepare accordingly.

It sets up a sense of direction.

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3 0
3 years ago
The _________________ is the buying and selling of Treasury securities to influence the nation’s money supply..
Lynna [10]

Answer:

open market operation

Explanation:

The Federal Reserve purchases and sells treasury securities on the open market in order to regulate the supply of money that is on deposit in banks, and therefore available to loan out to businesses and consumers. It purchases Treasury securities to increase the supply of money and sells them to reduce the supply of money

3 0
3 years ago
In order to sell more goods​ and/or services, what must a monopoly​ do?
Readme [11.4K]
<span>In order to sell more goods​ and/or services, what must a monopoly​ do? Reduce price and increase output. A monopoly is when a company or a product has control in the industry. The supply or trade of this item or service is limited. For a monopoly to sell even more, they should reduce the price and increase their output because they have no competitors. 

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7 0
3 years ago
Assume the Fed creates excess reserves in the banking system by buying government bonds, but banks do not make more loans becaus
seropon [69]

Answer: Cyclical asymmetry

Explanation:

In economics, Cyclical asymmetry is defined as

A value that represents a large imbalance in economic factors due to genuine cyclical reactions by a country or market.

It includes employment rates,  interest rates, debt retention, bond strengths, or stock market imbalances.

If we assume the Fed creates excess reserves in the banking system by buying government bonds, but banks do not make more loans because economic conditions are bad.

Since this happens due to the cyclical reaction of the government.

This means that,

This situation is a problem of <u>cyclical asymmetry</u>.

8 0
3 years ago
Describe the abilities of someone with analytical/research skills. Somebody please help me!!!!!!!!!!!!!
Neko [114]
Somebody whose job is to provide analytics or research should always be someone who is very good at quantitative analysis.  They should be good with math and numbers, because their job is to analyze a business.  The same goes for research.  A good researcher is good at math because they have to analyze large datasets.  This person would also be pretty detail-oriented because they need to make sure that they are not making small mistakes, as small mistakes could result in poor decisions that come out of their analysis.

Does that make sense?
8 0
3 years ago
Read 2 more answers
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