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Complete Question:
Refer to Exhibit 23-9. Assume that demand increases from D1 to D2; in the new long run equilibrium, price settles at a level between P1 and P2 This means that the industry in question is a(n) __________-cost industry.
a. Decreasing
b. Increasing
c. Constant
d. Marginal
e. Low
Answer:
b. Increasing
Explanation:
An increasing cost industry is an industry where the cost of producing goods increases, due to the emergence of new industries.
As the entrance of new industries continue to increases, raw materials and supplies become very scarce, this causes the competition between the companies to increase.
An Increasing cost industry is an examples of a perfectively competitive industry. One of the major factors that can cause the emergence on an increasing cost industry is the increase in the demand of goods which results in the increase in production cost.
Examples of Increasing cost industries are industries that produce:
a. Gold
b. Copper
c. Silver
The supply of raw materials required for production by an increasing cost company is going to be available in small quantities and also very scarce therefore we can say the supply of raw materials is finite or limited.
The GDP means gross domestic product. When it increases then it means the economy is getting stronger or is already strong. If it decreases then it becomes weaker or is already weak.
Answer:
The correct answer to the following question is option B) an office layout that includes open spaces.
Explanation:
It is often said that an organizations culture could be seen through various ways and one of them is observable artifacts, which represents a organizations attitude, it's belief and anything that might be considered meaningful like behavior. These artifacts may include a organizations physical surroundings like its interior design, landscape etc and in this case its open spaces in office layout, and other might be technologies , product, rituals etc.
A general decrease in wages will result primarily in the aggregrate demand curve shifting to the shifting to the right.
<h3>What is the impact in the decrease in wages? </h3>
When there is a decrease in wages, it becomes cheaper to hire labor. As a result, there would be an increase in the demand for labor. This would shift the demand curve for labor to the right.
The decrease in wages, would shift the long run aggregrate supply curve to the left.
To learn more about the demand curve, please check: brainly.com/question/25140811
Answer:
See explanation section.
Explanation:
The correct journal to record this transaction is -
Cash Debit $40,000
Common stock Credit $40,000
Note: As Callie Taylor invests the amount in exchange for common stock, An asset (cash) will be increased, and equity (common stock) will be increased. An increase in asset means debit, while an increase in equity means credit.
