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Marrrta [24]
3 years ago
7

Suppose the price of a substitute to lcd televisions rises. What effect will this have on the market equilibrium for lcd​ tvs? T

he equilibrium price of lcd tvs will
a. Increase and the equilibrium quantity will increase.
b. Not change and the equilibrium quantity will not change.
c. Decrease and the equilibrium quantity will increase.
d. Increase and the equilibrium quantity will decrease.
e. Decrease and the equilibrium quantity will decrease.
Business
1 answer:
Artyom0805 [142]3 years ago
5 0

Answer: The equilibrium price of lcd tvs will

a. Increase and the equilibrium quantity will increase.

When the price of a substitute of lcd tvs rise, the demand for lcd tvs will rise, since they become cheaper than the substitute.

This will cause the existing demand curve to shift outwards, resulting in a rise in quantity.

As a result of the outward shift, the quantity supplied will also rise and so will the equilibrium price.

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Consider a risky portfolio. The end-of-year cash flow derived from the portfolio will be either $120,000 or $300,000 with equal
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Sewtfi861 Corporation makes an extra large part to use in one its fabulous products. A total of 16,000 units of this extra large
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The annual financial disadvantage is $62,560

Explanation:

<u>Analysis of the Costs of Producing Internally and Buying from External Supplier.</u>

                                                    Producing Internally       External Supplier

Direct materials                                      $3.50                                  $0

Direct labor                                             $8.10                                   $0

Variable manufacturing overhead        $8.60                                  $0

Supervisor's salary                                 $4.00                                  $0

Depreciation of special equipment       $2.40                                  $0

Allocated general overhead                  $7.60                               $7.60

Extra contribution                                     $0                                  ($2.19)

Purchases Cost                                        $0                                   $32.70

Product Cost                                          $34.20                              $38.11

<u>Conclusion :</u>

We can see that the Product Cost to produce the part internally costs $3.91 less than the cost to purchase from external supplier. Therefore Sewtfi861 Corp has a disadvantage.

Annual disadvantage =  16,000 units × $3.91

                                    =  $62,560

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