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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.

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Based on the information given regarding the reserve requirements, there'll be an increase in the money supply by $4000.

A reserve requirement simply means a regulation by the Central Bank where commercial banks set a minimum amount that must be held in liquid assets.

Since the reserve requirement is 25%, a new deposit of $1,000 leads to a potential will lead to an increase in the money supply of $4000. This was calculated thus:

= $1000 / 25%

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Who lowered interest rates on government bonds in order to create a fund to pay an annual sum to the survivors of the emigres wh
REY [17]

Answer:

Charles X

Explanation:

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The types of resources needed by a business are financial, physical, and labor resources.
sukhopar [10]

Answer:

a. True

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Tesla  is the company is the best one people wish to invest for next 3 decades, based on its management, product or business model, financial condition, consistent past and potential earning.

<h3>What is the management structure of Tesla?</h3>

According to management experts, Tesla is one company that has a practical organizational structure with a lot of hierarchical structure.

Tesla is a company that is reported to use functional centers that are well-structured and cover all aspect of their business operations, including finance, sales, marketing, and technology.

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