Answer:
As a result firms will <u>exit</u> the market and the supply curve will shift <u>leftward.</u>
Explanation:
Since the demand decreases permanently in the market for CD players, the existing companies will incur economic loss, as because they do have existing stock, which shall not be sold on the current price.
Also no new manufacturing will be done and in future the supply will shift leftward as there will be less suppliers in the market.
Basically the suppliers, when will accept the permanent decline in demand will majorly exit the market and then they will find alternative businesses, with high demand.
Accordingly the firms will exit and accordingly will less suppliers the supply will be decreased and curve will move leftward.
Answer:
These are the options for the question:
A. They should be more willing to tear down the $5 million stadium, because it cost less to build.
B. They should be more willing to tear down the $50 million stadium, because it cost more to build.
C. The cost to build the old stadium shouldn’t be considered.
And this is the correct answer:
A. They should be more willing to tear down the $5 million stadium, because it cost less to build.
Explanation:
City A will likely be more willing to tear down its old stadium because it costed $5 million to build. City B, on the other hand, will have to think twice because a stadium that costed $50 billion to build could have more value than it seems, or the City could simply not have enough money to build a better new stadium (something that would probably cost more than $50 billion to do).
Answer:
Effect on income= $40,275 increase
Explanation:
Giving the following information:
The Clyde Corporation's variable expenses are 25% of sales.
Increase in fixed costs= $18,900
Increase on income= $78,900
T<u>o calculate the effect on income, we need to use the following formula:</u>
Effect on income= increase in contribution margin - increase in fixed costs
Effect on income= (78,900*0.75) - 18,900
Effect on income= $40,275 increase
The correct option is<u> "B. $10,000; $14,000".</u>
Choosing a car that costs <u>"$10,000"</u> instead of a car that costs <u>"$14,000" </u>means that you'll have more money available for other purchases.
The answer is option B, because if you choose option A, C, or D, you will have no money available for other purchases. And you have to arrange more money for car. But if you choose option B, there are $4000 left for other purchases.
Answer:
E) Administration
Explanation:
An employee can be defined as an individual who is employed by an employer of labor to perform specific tasks, duties or functions in an organization.
Basically, an employee is saddled with the responsibility of providing specific services to the organization or company where he is currently employed while being paid a certain amount of money hourly, daily, weekly, or monthly depending on the contractual agreement between the two parties (employer and employee).
Hence, while an employer may be the owner of a business firm or company, an employee is a subordinate employed to provide unwavering services to the employer while also, being professional and diligent at all times.
In this scenario, Lynne is saddled with the responsibility of training in a South Brunswick School District.
However, herr job requirements are not associated with any particular management specialty. Thus, Lynne is working in administration.
Administration is typically associated with the smooth tasks of a running a business
