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
zzz [600]
3 years ago
7

A. Define supply as an economist would. B. List and explain three (3) non-price factors that will shift the supply curve. C. If

the cost of production of fountain pens falls, how will the market for fountain pens be impacted? (hint: start by drawing the appropriate supply and demand curves)
Business
1 answer:
Paladinen [302]3 years ago
5 0

Answer:

A: Refer the detail below

B: Refer the detail below

C: Refer the detail below

Explanation:

A. Definition of Supply

Supply is an economic term that refers to the quantity of a given product or service that suppliers are willing to offer to consumers at a given price level at a given period. Supply is positively related to price given that at higher prices there is an incentive to supply more as higher prices may generate increased revenue and profits

B. Non-price factors that will shift the supply curve

1. Producer input costs

2. producer expectation

3. The number of sellers.

C. Impact of Fountain Pens market

If the cost of production of fountain pens falls, producers can produce more goods by using the same amount of money. Therefore, the supply will increase and the supply curve will shift to the right.

You might be interested in
Reliability is how long an item or system will perform its function before it breaks. Good reliability will ____________________
Ilya [14]

Answer:

Decrease logistics support requirements.

Explanation:

Decrease logistics support requirements is the correct answer because the increase in reliability decreases the requirement to correct the commodity or equipment. Therefore, the logistic support decreases which further decreases the manpower waste. Additionally, the good reliability shows that the product's quality is good and it will work efficiently for a longer time period. Thus, a good quality product requires less logistic support.

3 0
3 years ago
Pilot Company pays for two years of rent in advance. Recording this transaction would include a debit to:______.
Zarrin [17]

Answer:

prepaid rent

Explanation:

From the question we were informed about how a Pilot Company pays for two years of rent in advance.

Incase of Recording this transaction, it would include a debit to prepaid rent

debit to prepaid rent is one of the journal entry for prepaid rent, and a prepaid rent is usually pen down as asset and it gives the rent expenses in future time , since the Pilot Company pays for two years of rent in advance,debit to prepaid rent must be included when recording the transaction.

6 0
3 years ago
How does unemployment rate help you determine if the economy is strong or weak
RoseWind [281]
If your unemployment rate is high, that means you're making less money in all. If many people are without jobs, that means your labor force is also weak. Your employers will make a lot of cutbacks. 
6 0
3 years ago
Which one of the following is an example of systematic risk? Multiple Choice Investors panic causing security prices around the
Rus_ich [418]

Answer:

Multiple Choice Investors panic causing security prices around the globe to fall precipitously

3 0
3 years ago
Often, it is difficult to name a home country for a(n) ________ business
velikii [3]
Small business is difficult in the economy because its self made

8 0
3 years ago
Other questions:
  • which of the following resulted in a retaliation by the united states of increased tariffs on cheeses and meats from europe
    14·2 answers
  • for a new bottling machine it is developing. Future research and development expenses could range from $4 to $9 million, with a
    11·1 answer
  • True or False<br><br> To start a corporation, you need to have a partnership agreement.
    8·1 answer
  • What uses a systematic approach in an attempt to improve business effectiveness and efficiency continuously? static process dyna
    7·1 answer
  • The price of a bond is equal to the sum of the present values of its future payments. Suppose a certain bond pays $50 one year f
    7·1 answer
  • If the consumption of a product or service involves external benefits, then the government can improve efficiency in the market
    5·1 answer
  • Defining the research problem and research objectives is often regarded as the most difficult step in the marketing research pro
    6·1 answer
  • Jasmine Company purchased a depreciable asset for $225,000. The estimated salvage value is $15,000, and the estimated useful lif
    8·1 answer
  • Based on the prompt, which of these goals should you
    6·1 answer
  • Looking at her report, jennifer realizes that her bank raised the rate on her last balance. Which federal legislation can she re
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!