1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
KATRIN_1 [288]
3 years ago
7

True or False: If Van's Fire Engines were a competitive firm instead and $105,000 were the market price for an engine, decreasin

g its price from $105,000 to $90,000 would result in the same change in the production quantity and, thus, total revenue.
Business
1 answer:
S_A_V [24]3 years ago
5 0

Answer:

False

Explanation:

As for the given instance, the market is not solely dependent on Van's Fire Engines, as it is a competitive market.

The supply and demand are inversely proportional and does not depend on change of price in a competitive market.

Accordingly even after decline in the price from $105,000 to $90,000, the production quantity will not be affected similarly with the same proportion.

Further, Total revenue might be affected as with decrease in price might light to more sale, and there might be slight change both upward or downward in such sales revenue.

But since the change will never be in same proportion to change in price.

Thus, the statement above is false.

You might be interested in
These are formed to help develop academic knowledge, technical skills,
Stolb23 [73]

CTSOs (career and technical student organizations) are formed to help develop academic knowledge, technical skills, employability, and leadership skills.

<h3>What are career and technical student organizations?</h3>

This is the term that is used to refer to the vocational organizations that are in existent in the American society that are useful for the students that are in the high school, the university and and other technological career centers.

The goals of the CTSOs is that they would be able to serve the students that are registered in the services so that they are taught certain competencies that they would require as they advance into the careers that they have chosen in the society.

Hence we can say that CTSOs (career and technical student organizations) are formed to help develop academic knowledge, technical skills, employability, and leadership skills.

Read more on CTSOs  here: brainly.com/question/10917703

#SPJ1

8 0
1 year ago
You just heard that a​ well-known manufacturer in a different industry segment is going to enter your market with a product that
raketka [301]
<span>You should make sure that everything on your side is in place to go against the new competition. You should be on the same page as your supplier to make sure your supplies are sent on time and complete. You should make sure your consumers are satisfied to prevent them from going to the new competition. Overall, your goal should be to maintain your consumers and suppliers.</span>
4 0
3 years ago
Which answer applies to "fine print"?
Kay [80]

Answer:

D. All of the Above

hope this helps!

6 0
3 years ago
True or false Every risk an individual faces can be insured
mars1129 [50]

Answer:

true

Explanation:

beacuse the faces of industrtions

6 0
3 years ago
Read 2 more answers
"this process of continuous alteration was applied not only to newspapers, but to books, periodicals, pamphlets, posters, leafle
natta225 [31]
<span>Answer: This passage refers to the process of changing the past, which is Winston's job. By controlling the past, the Party is able to manipulate the minds of Party members.</span>
7 0
3 years ago
Other questions:
  • The commercial for-profit segment of the food-service industry is very narrow. true or fasle
    7·1 answer
  • Jepmem Inc is expanding its global operations into North Pidlin, even though the country has a high global terrorism index. As J
    12·1 answer
  • If Barcelona has a core staff of restaurant managers and head chefs and contracts with staffing agencies to fill all other posit
    6·1 answer
  • During last year the price of regular unleaded gasoline in Oakland, California increased 10 percent. If the price elasticity of
    6·1 answer
  • When Tesla receives a $1,000 reservation payment from a customer, what Tesla general ledger accounts does this $1,000 impact? Ex
    11·1 answer
  • An investment of ​$93000 was made by a business club. The investment was split into three parts and lasted for one year. The fir
    13·1 answer
  • A company's current LIFO inventory consists of 5,000 units purchased at $6 per unit. Replacement cost has now fallen to $5 per u
    6·2 answers
  • How many schools in plano
    15·1 answer
  • Carlisle Transport had $4,716 cash at the beginning of the period. During the period, the firm collected $1,517 in receivables,
    7·1 answer
  • If a company uses the periodic inventory system, what is the impact on net income of including goods in transit f.o.b. shipping
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!