When there is "technological improvement" the effect on the quantity of a product in a Supply Curve is B. The curve would shift from the left to the right (S2 to S1).
<h3>What happens to the Supply Curve as a result of technological improvement?</h3>
When there is technology improvement, this means that the economy will be able to produce more goods and services with the same amount of resources that they have.
When there is an increase in the quantity produced, this means that there will be more supply in the economy. An increase in supply would affect the Supply curve such that it would move from the left to the right. This means that in this case, S2 would move to S1 on the right.
Find out more on the effects of technology on supply at brainly.com/question/1412393.
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Answer:
A ( A )
Explanation:
point A on the graph represents the equilibrium price on the graph because at point A supply was equal to demand ( crossed each other).
Equilibrium price is the price at which the supply of a particular good/service is equal to the demand of such good/service in the open market. equilibrium price is sometimes seen as a fair price for bought buyers and sellers of the good/service in the market.
Equilibrium price is an ideal situation in Business and it is often very impossible to attain in most goods and services .
I’m pretty sure the answer is A! not 100% tho!
Answer:
Having a strong work ethic involves upholding the values and goals of the company by performing your job to the best of your ability. It means focusing on completing assigned tasks on time. An employee with a strong work ethic is professional in attitude and appearance.
Explanation:
Answer:
Instructions are listed below.
Explanation:
Giving the following information:
Blanchard Company manufactures a single product that sells for $280 per unit and whose total variable costs are $224 per unit. The company's annual fixed costs are $879,200. Management targets an annual pretax income of $1,400,000. Assume that fixed costs remain at $879,200.
A) Break-even point= (fixed costs + profit)/ contribution margin
Break-even point= (879,200 + 1,400,000)/(280 - 224)= 40,700 units
B) Break-even point (dollars)= (fixed costs + profit)/ contribution margin ratio
Break-even point (dollars)= 2,279,200/ (56/280)= $11,396,000