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Mekhanik [1.2K]
4 years ago
13

Suppose a technological improvement has lowered the cost of manufacturing cell phone batteries. This would lead to ___________ (

a decrease OR an increase) in the supply of cell phones, causing the price of cell phones to __________ (Rise OR Fall). Because cell phones and landline telephones are __________ (complements OR substitutes), this hangs in price would cause the demand for landline telephones to __________(increase OR decrease). However, cell phones and cell phone applications are ___________ (compliments OR substitutes), so the change in the price of cell phones would ____________ (decrease OR increase) the demand for cell phone applications.
Business
1 answer:
Julli [10]4 years ago
6 0

Answer:

The correct answer is: an increase; fall; substitutes; decrease; complements; increase.

Explanation:

Technological improvement has lowered the cost of producing cell phone batteries. This reduction in the cost of production will cause the price of cell phone batteries to decline. Since batteries are used as inputs in the cell phone. The reduction in the price of inputs means that the cost of production would decrease. The firms will be able to supply more at the same cost. The supply, as a result, will increase. The supply curve will shift to the right. The price of cell phones will decline.

Cell phones and landlines are substitutes. They can be used in place of each other. A decrease in the price of cell phones would cause the demand for landlines to decrease as the consumers will prefer a cheaper substitute.

The cell phones and applications, however, are use complements. They are used together. So when the price of cell phones decrease and its demand increase, the demand for cell phone applications will increase as well.

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ICE Princess25 [194]

Answer: $2,100

Explanation:

Given:

No. of shares 24,000 of $100 par  

Dividend per year = (100 shares X $100 par) X 7% = $700  

Since, <em><u>the preferred stock is cumulative, the holders will receive past dividends not distributed</u></em>.

From 2016: 700

From 2017: 700

From 2018: 700

<em><u>Total = $2,100</u></em>

7 0
4 years ago
To compute net income for a merchandiser, you will start with net sales, subtract cost of goods sold and subtract other.
ivanzaharov [21]

The next items to subtract from net sales in order to compute net income for a merchandiser are <u>Expenses</u>.

<h3>What are the expenses for a merchandiser?</h3>

The expenses for a merchandiser include selling and distribution expenses.  Others are administrative expenses, including depreciation for long-term assets, and tax expenses.

Thus, o compute net income for a merchandiser, you will start with net sales, subtract the cost of goods sold and subtract other <u>expenses</u>.

Learn more about the expenses of a merchandiser at brainly.com/question/5657625

5 0
2 years ago
True or false 1. Satisfying customer wants at a reasonable price is important to business success.
Marina CMI [18]
This is a mixture of both. You may lose a customer if you don't but most likely you will still have enough to keep moving forward with your career so I would say False
5 0
3 years ago
An​ individual's income rises from ​$77 comma 00077,000 per year to ​$83 comma 00083,000 per​ year, and as a consequence the​ pe
Alla [95]

Answer:

1) 19.23/Positive

2) Normal

Explanation:

In order to calculate the income elasticity of a product we will have to measure the percentage change in income and the percentage change in  quantity purchased of that product cause by the change of income.

Percentage change income = (83,000-77,000)/77,000= 7.8%

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So a 7.8% increase in income increases the purchases by 150%, in order to calculate the income elasticity we will divide 150 by 7.8

150/7.8=19.23

Income elasticity = 19.23

Because the income elasticity is positive we can infer that movie downloads are normal goods because the quantity purchased increases when income increases.

7 0
3 years ago
Fitbit makes health and fitness tracking devices. some buyers want very basic fitness tracking such as steps taken and calories
spin [16.1K]

In serving these two different groups, Fibrit is using the benefits sought or benefit segmentation. The benefit segmentation is a process that divides the market into a category in regards of the perceived value in which the segments made in the market is purely based on the performance, customer service, quality, features and the benefits that it provides to its consumers.

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