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s2008m [1.1K]
3 years ago
6

Assume there is an increase in the number of consumers in the market for a good sold by perfectly competitive firms that are ini

tially producing the profit-maximizing level of output. For the individual firm, this would result in:a. a decrease in price and increase in the profit-maximizing quantity of output.b. an increase in both price and the profit-maximizing quantity of output.c. an increase in price and decrease in profit-maximizing quantity of output.d. a decrease in both price and the profit-maximizing quantity of output.
Business
1 answer:
Nutka1998 [239]3 years ago
7 0

Answer:

Option (B) is correct.

Explanation:

Number of consumers in the market is one of the determinants of demand which shifts the demand curve.

In a perfectly competitive market, if there is an increase in the number of consumers in the market then as a result the demand for the product also increases which shifts the demand curve rightwards.

This rightward shift in the demand curve will result in an increase in both equilibrium price and equilibrium quantity which is also a profit maximizing quantity of output.

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Rory Company has a machine with a book value of $75,000 and a remaining five-year useful life. A new machine is available at a c
Alborosie

Answer: $7,500

Explanation:

In calculating the Incremental income we will add the amount of variable Manufacturing costs Rory Company will save as well as the income they will get from selling the old machine and then subtract the cost price of the new machine.

Starting off we will calculate the amount of savings they will make by using the new machine,

= $12,000 x 5 years

= $60,000

Calculating the Incremental income therefore we have,

= 60,000 + 60,000(from selling old machine) - 112,500 (cost of new machine)

= $7,500

The incremental income of buying the new machine is $7,500.

If you need any clarification do comment.

5 0
3 years ago
Unrealized holding gains or losses which are recognized in income are from debt securities classified as
Serga [27]

Answer:

Trading.

Explanation:

In Business management, when a gain or loss is realized, it simply means that the owner of stock or other securities has sold it. Thus, these unrealized gains or losses are generally referred to as paper profits or losses.

Basically, when the value of a stock being bought by an investor reduces (falls) while he or she is yet to sell it, it is known as an unrealized loss.

However, when the value of a stock being bought by an investor rises (increases) while he or she is yet to sell it, it is known as an unrealized gains.

Hence, unrealized holding gains or losses which are recognized in income are from debt securities classified as trading.

3 0
3 years ago
An individual purchased a fixed annuity with flexible premiums. When she annuitized the policy, she chose the Life Income 10-Yea
Dvinal [7]

Answer:

The beneficiary should receive 6 more years of payment.

Explanation:

An annuity certain option guarantees that the insured or his/her beneficiaries will receive payments for a minimum period of time in case the insured dies.

In this question the certain option was 10 years, during the first 4 years the insured received his/her annuity payments, but once the insured passed away, his/her beneficiaries will continue to receive payments until the 10 year period ends (6 more years).

5 0
3 years ago
"_____" is the alternative term for "comfort" that is used by the wall street journal as one of the factors to grade jobs.
Leya [2.2K]
The answer is environment, this is the word that the wall street journals used in having to term the word comfort as this is somehow a word that made sense to them or something that depicts to them for them, environment is a way of having to say that it is comfort or comforting to other people.
3 0
3 years ago
Scenario: You are an American Red Cross Disaster Program Specialist in charge of teams trained to help in sheltering displaced p
lawyer [7]

Answer: NIMS management characteristic Accountability is there in this situation.

Explanation:

The National Incident Management system controls major incidents and coordinates with the person to overcome such incidents based on some management characteristics. Accountability is one such characteristic where the check-in and check out are included.

Therefore, in the above situation, the Principle of Accountability is the management characteristic. According to the principle of Accountability, the manager is responsible to coordinate with the resources. It includes, checks in and check- out, personal responsibility, unity of command, etc.

7 0
3 years ago
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