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
tino4ka555 [31]
3 years ago
15

If the market price of a good is more than the opportunity cost of producing it, a. the market price of the product will increas

e in the long run. b. producers will increase supply in the long run. c. resources will flow away from production of the good, causing supply to decline with the passage of time. d. the situation will remain unchanged as long as supply and demand remain in balance.
Business
1 answer:
Anastasy [175]3 years ago
7 0

Answer:

B.

Explanation:

If the price of a good or service is higher than its opportunity cost (what producers sacrify when they produce the good), the producers are having positive benefits. Economic benefits are measure by the sum of total income minus the sum of total expenses. In this case, producer’s income is price and producer’s expense is the opportunity cost. In a perfect competitive market, there is complete information and no barriers to entry, so if people notice that producers are having positive benefits, they will like to enter to the market. In the long-run there would be more firms than before and for instance total supply will increase.  

You might be interested in
Why does actual group productivity never equal potential productivity?
Rama09 [41]

The answer to the question is (C) time is lost to coordinating and organizing group members.

Actual group productivity is never quite equal to the expected productivity mainly because there are other processes involved in the team that the team members must do in order to reach the set common goal. Some of these processes usually include determining how to do the work and distributing the assignments to the right person, as well as setting the roles in the team.

4 0
3 years ago
Organizational change can best be defined as​ ________.
Paul [167]
Organizational change can best be defined as​ <span>any alteration of​ people, structure, or technology</span>.

When an organization makes a change it is known as organizational change. When changing an organization you are making a change to the way the company runs. Changing any type of structure, technology or moving around how people work can make a change to the organization. 
6 0
3 years ago
The marginal product of an input is the addition to total output due to the addition of the last unit of an input, holding all o
Harman [31]

Answer:

is the addition to total output due to the addition of the last unit of an input, holding all other inputs constant.

Explanation:

The marginal product of an input is the change in total output as a result of the change in output by 1 unit

For example, the table below is the total product of labour

amount of labour output

1                                 10

2                                20

3                                40

the marginal product of the 3rd worker = (40 - 20) / (3 - 2) = 20

marginal product of the second worker = (20 - 10) / (2 -1 ) = 10

Average output = total output / labour

6 0
3 years ago
Magnira Corp. is an apparel company. After a slow start, it saw a steep rise in its clientele and a remarkable increase in its p
Ierofanga [76]

Answer:

The company must create brand recognition and open new branches to access greater number of customers.

Explanation:

Ofcourse having a brand recognition means that the company is oriented towards developing its image that plays a vital role in making choices and this is only possible if its products are widely available in the market by openning new branches and offering other branches to present your products. This will lead to access of product to greater amount of public and greater the number of people will choose Magnira's products.

8 0
3 years ago
If a $4,000 debit to Equipment in a journal entry is incorrectly posted to the ledger as a $4,000 credit and the ledger account
Dovator [93]

Answer:

The totals of Trial balance have a difference of $8,000. The credit balance totals of Trial balance is higher than the debit totals because the original entry of debit is mission and there is an wrong posing on the credit side which reduce the debit balance by $4,000 and Increase the credit balance by $4,000 at the same time. Net effect will be $8,000 in totals of trial balance.

4 0
3 years ago
Other questions:
  • On January 1, 2021, Sheridan Corporation signed a 10-year noncancelable lease for certain machinery. The terms of the lease call
    14·1 answer
  • Population of household composition, price of real estate in the area, availability of mortgage credit, consumer tastes, and inc
    14·1 answer
  • Consider the following budget information: materials to be used totals $69,750; direct labor totals $198,400; factory overhead t
    8·1 answer
  • The print ads and the television ads for Maytag appliances were designed to show "The Loneliest Man in the World" was a Maytag r
    12·1 answer
  • Zappos, the online shoe and clothing marketer, promises free shipping and free returns on any of its products, no questions aske
    13·1 answer
  • During March, the production department of a process operations system completed and transferred to finished goods 23,000 units
    6·1 answer
  • Ray is starting a new business with a friend and trying to decide between a C corporation, S corporation, and partnership. What
    14·1 answer
  • Alpha Company uses its sales invoices for posting perpetual inventory records. Inadequate control activities over the invoicing
    10·1 answer
  • ADDDDDDDDDDDDDDDDDDDDDDDDDDDDD MEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEEE
    13·1 answer
  • What is Best Buy's business policy framework?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!