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Oksi-84 [34.3K]
3 years ago
5

Steel mill wage costs increase by 18 percent over a year. What is the likely economic effect on the market for steel?

Business
1 answer:
spayn [35]3 years ago
6 0

Answer: See explanation below

Explanation: an increase in the wage costs of steel mills would equate to an increase in the cost of production of steel. This would lead to a corresponding increase in the price of steel as the supply curve moves to the left. If costs go up (wages), less would be produced, sellers are less inclined to supply the same quantity at the current price and this is what shifts it to the left.

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Cynthia works at an engineering firm in Arizona that installs transmission lines and works with the electrical systems of buildi
mrs_skeptik [129]

Answer:

business market

Explanation:

Based on the information provided within the question Cynthia's organization targets the business market. This is defined as the market in which a product/service is sold to another business/company/entity and they either use daily, resell or use for production. Which in this scenario Cynthia is an engineer installing electrical systems which her clients will use for daily usage.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

6 0
3 years ago
TRUE OR FALSE?
Nonamiya [84]

Answer:

true

Explanation:

5 0
3 years ago
The Master Manufacturing Company has just announced a tender offer for its own common stock. Master is offering to buy up to 100
ololo11 [35]

Answer:

It should be recommended that the customer should sell long.

Explanation:

As the offer in the question is contigent on 64% of the tendered shares, this makes the tender be inappropriate if the customer wants to cash out the position.

The right step to take is by selling the long position that has a new higher market price.

Therefore, it should be recommended that the customer should sell long.

Note that to sell long implies that stocks or any other financial investment instrument are purchased now for the purpose of selling them at a higher future price in order to make a profit.

6 0
3 years ago
As a functional area of business, _____ measures, summarizes, and communicates financial and managerial information and advises
IgorLugansk [536]

Answer: Accounting

Explanation:  

 Accounting is one of the business process that helps in interpreting and identifying the various types of financial data in an organization or corporation.

 The main objective of the accounting is that it manage all the financial based performance in the company and also the cash flows system in the business.

 According to the given question, the accounting is known as the functional area that summarized the data or information and also give advises to the manager on the various types of financial based matters in an organization.  

 Therefore, Accounting is the correct answer.

3 0
3 years ago
Rent-A-Reck Incorporated finds that it can rent 60 cars if it charges $40 for a weekend. It estimates that for each $5 price inc
kipiarov [429]

Answer: $38

Explanation:

Based on the scenario in the question, the equation for the total revenue will be:

= (60 - 2n)(40 + 5n).

It should be noted that the coefficient of increment is represented by n.

Check the attachment for further details.

5 0
3 years ago
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