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saw5 [17]
3 years ago
7

What is the best example of a short-run adjustment?

Business
2 answers:
k0ka [10]3 years ago
8 0

Answer:

Short-run economics primarily affect price.

Explanation:

When demand decreases for any reason, prices go down in the short term. When demand spikes, prices go up. ... Long-run adjustments occur when sustained increases or decreases in demand cause a business to change its practices and can affect both price and the means of production.

Law Incorporation [45]3 years ago
8 0

Answer:

Mining and energy giants were hit especially hard by the fall in iron ore, coal, copper, and other commodity prices, underscoring their high fixed costs in the short run

Explanation:

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Which company is experimenting with the management of the final mile of delivery in some markets, using small aerial drones to d
lawyer [7]

Amazon is widely believed to be leading the pack in developing this technology  Move comes as Google and Amazon are devising an air traffic control system.  Amazon is already experimenting with drone delivery (Prime Air), and has made successful deliveries to consumers within 13 minutes of their click-to-order. While the regulatory environment doesn’t yet support widespread drone delivery, experts believe it won't be for long.

6 0
3 years ago
Miller Company makes two types of chairs. One of the chairs is a rocking chair. The other is a straight-back chair. Both chairs
laiz [17]

Answer:

C. straight back chairs will be overcosted

Explanation:

Miller Company makes two types of chairs. One of the chairs is a rocking chair. The other is a straight-back chair. Both chairs are made by hand. Miller Company uses a company-wide overhead rate that is based on direct labor hours to assign overhead costs to the two products. If Miller automates the production of straight-back chairs and continues to use direct labor hours as a company-wide allocation basis:

A. rocking chairs will be undercosted

B. There should be no impact on unit cost  

C. straight back chairs will be overcosted

D. rocking chairs will be overcosted.

EXPLANATION

If Miller automates the production of straight-back chairs and continues to use direct labor hours as a company-wide allocation basis then the straight back chairs will be overcosted<u> because the automation process directly implies that it no longer drives labor hours since it is no longer made by hand.</u>

Automated processes should use machine hours rather than labor hours, for the allocation of its overhead.

8 0
3 years ago
Read 2 more answers
Gina changes the amount of milk she purchases depending on whether it costs $1,$1.50, or $1.75 a pound. What other information d
Illusion [34]

Answer: how much butter she buys at each price point.

Explanation: The demand curve shows how much a person chooses to buy at different prices. In order to graph the curve, we need to know how much butter Jenna buys when it costs $1, $1.50, and $1.75.

3 0
3 years ago
The form of a business organization that is not affected by the withdrawal or death of an owner and can continue forever is
Marina86 [1]
<span>This is a corporation. Corporations usually consist of boards of directors and other groups of people, and can continue to exist even after the founders of the business cease to exist or otherwise leave their founding role.</span>
8 0
3 years ago
Which of the following scenarios most accurately reflects the concept of scarcity?
mojhsa [17]

Answer:

2. Brett is a farmer with an open field on which he can plant either soybeans or corn. 

Explanation:

Scarcity in economics means the resources available to meet man's needs are limited or scarce.

In brett's case, land is limited, so he has to choose between planting soybeans and corn.

I hope my answer helps you

3 0
3 years ago
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