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2 years ago

An increase in the costs of resources or inputs of production would shift the ________.

Business

1 answer:

nadya68 [22]2 years ago

5 0

Answer:

C. short-run aggregate supply curve leftward

Explanation:

When the cost of production or inputs of production increase the short run supply curve shifts left because the producers are now willing to sell less at the same price because it is more expensive for them to produce, so at every price the production decreases because of which the supply curve shifts left. The long run supply curve isn't affected by an increase in costs of resources because it is the potential of the economy and an increase in costs of does not change the potential of the economy.

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1 year ago

Suppose that Verizon Wireless has hired you as a consultant to determine what price it should set for calling services. Suppose

Feliz [49]

Answer:

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

Explanation:

Given a competitive market the consumer surplus will be the area of the demand curve above the market price

This is, between the intersection point with Y axis and a parallel at market price. Ofter represent as a triangle

If a monopolistic company maximize profit It will decrease this consumer surplus as much as it can to gain it from itself.

First it will set price equal to his marginal revenue.

Then, if possible it will charge two tariff a fixed component and a variable component per usage This will extrac all consumer surplus in favor of the firm leaving a consumer surplus of zero.

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

3 0

2 years ago

In the framework of monopolistic competition, which of the following is not a possible outcome for a firm that runs a successful

castortr0y [4]

Answer:

The correct answer is A)

Explanation:

When products and or services are manufactured at a level that maximizes social welfare, allocative efficiency is said to have occurred.

A market system characterized as monopolistic competition may never achieve productive efficiency because firms often fix prices at a point higher than their marginal costs.

Marginal cost refers to the added cost incurred by producing or manufacturing one additional unit of a product.

Cheers!

5 0

2 years ago

When we are doing the double entry for the closing inventory, why do we credit the inventory? I understand why we debit the clos

anastassius [24]

Answer:

Debiting in this case means to add to the inventory. Therefore, crediting means that inventory was used up when closing inventory.

Explanation:

A debit is an accounting entry that either increases an asset or expense account, or decreases a liability or equity account. ... A credit is an accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

3 0

2 years ago

On December 31, 2020, the Bennett Company had 100,000 shares of common stock issued and outstanding. On July 1, 2021, the compan

matrenka [14]

Answer:

$5.31

Explanation:

Earnings per share = Earnings Attributable to Holders of Common Stock ÷ Weighted Average Number of Common Stocks Outstanding

where,

Earnings Attributable to Holders of Common Stock is :

Net Income $650,000

Less Preference Stock dividend ($71,000)

Earnings Attributable to Holders of Common Stock $579,000

and

Weighted Average Number of Common Stocks Outstanding :

Common Stocks at Beginning outstanding 100,000

Stocks Sold at Weighted Average (18,000 / 2) 9,000

Weighted Average Number of Common Stocks Outstanding 109,000

therefore,

Earnings per share = $579,000 ÷ 109,000

= $5.31

The 2021 basic earnings per share is $5.31.

4 0

2 years ago