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MAXImum [283]
3 years ago
11

Perfectly competitive industry X has constant costs and its product is an inferior good. The industry is currently in long-run e

quilibrium. The economy now goes into a recession and average incomes decline. The new long-run equilibrium will result in a(n) rev: 06_26_2018 Multiple Choice increase in output and in the equilibrium price of the product. increase in output, but not in the equilibrium price of the product. decrease in output, but not in the equilibrium price of the product. decrease in output and in the equilibrium price of the product.
Business
1 answer:
andriy [413]3 years ago
5 0

The new long-run equilibrium will result in a(n) rev : increase in output and in the equilibrium price of the product.

Explanation:

Higher prices mean that the quantity needed for good increases as income decreases and vice versa. Thus the quantity required good raises in the given question as income falls as a result of the recession. It pushes up the demand curve, leading to an increase in the supply yield and a price increase in value.

Modern supply and demand changes affect both price and quantity. If the supply curve goes up, which lowers supply, but leaves demand stable, the price of exchange is increasing, but volume decreases.

For Example, pump prices are likely to rise, if the supply of petrol falls.

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A small trucking company is planning to install a GPS system in each of the five trucks the company owns. Each system costs $460
tatiyna

Answer:

a. The $7002.73 new annual net income is necessary to recover the  initial investment of the five GIS systems at the annual effective interest rate of 10%

b.   Since $6000 revenue is less than $7002.73 project is not viable financially.

Explanation:

a . Total initial cost = 4600*5

                                = $23000

Total Salvage Value = 300*5

                                   = $1500

Operating cost = $1000 with a gradient of $100.

PV of operating cost = 1000(P/A,5,10%) + 100(P/G,5,10%)

                                   = 1000(P/A,5,10%) + 100(P/A,5,10%)(A/G,5,10%)

                                   = 1000*3.7908 + 100*3.7908*1.8101

                                    = 3790.8 + 686.17

                                     = $4476.97

PV of salvage value = 1500(P/F,5,10%)

                                  =1500*0.6209

                                  = $931.35

NPV = -23000 - 4476.97 + 931.35

        = - $26545.62

annual revenue to get $26545 = 26545.62(A/P,5,10%)

                                                     = 26545.62*0.2638

                                                      = $7002.73

Annual Revenue = $7002.73

Therefore, The $7002.73 new annual net income is necessary to recover the initial investment of the five GIS systems at the annual effective interest rate of 10%

b.   Since $6000 revenue is less than $7002.73 project is not viable financially.

3 0
2 years ago
at land rover, voluntary discussion groups of 4 to 12 employees met weekly to identify cost savings, improve product quality, an
Katarina [22]

Explanation:

you would have 5000

i hope i help you

7 0
2 years ago
Amy is concerned with her​ organization's inability to solve problems quickly. She believes that more people should be included
Licemer1 [7]

Answer: Amy is <em>concerned </em>with her​ organization's i<em>nability to solve problems</em> quickly. Several <u>subordinates have complained</u> to her that they feel alienated from the management <u>making the decisions</u> about their jobs with<u> no input </u>from them.

The element that Amy should address is the Chain of command.

Explanation:

A chain of command is a system for sending inside information of organizations with strong, vertical and authoritative structures.

The continuous flow of the chain of command clearly establishes the authority, revealing this depending on who reports to whom.

We must take into account the Authority and the Unit of command. This last is very important because it states that each supervisor must inform only one superior and like this the company preserves the continuous line of authority so all employees are heard and their ideas are taken into consideration for making decisions.  

3 0
3 years ago
Incorrect answer. Your answer is incorrect. Try again.
liubo4ka [24]

Answer:

Dealer Market

Explanation:

In a dealer market, multiple dealers give out their various prices on the sales and purchases of their specific and particular security of instrument. It is a financial tool for dealers in the market. The dealer market becomes more efficient for financial securities because it provides superior mechanism which should be protected.

It enables buyers and sellers to buy and sell independently through the market makers, known as dealers.

Foreign exchange and bonds are found in the dealer market.

In the secondary market, securities are traded by investors while in the primary market, they are created.

3 0
3 years ago
Last year, the House of Orange had sales of $826,650, net operating income of $81,000, and operating assets of $84,000 at the be
seropon [69]

Answer:

The company's turnover rounded to the nearest tenth: C) 9.5

Explanation:

Asset turnover helps investors understand how effectively companies are using their assets to generate sales. Asset turnover is calculated by using following formula:

Asset Turnover =  Total Sales or Revenue/ Average Total Assets  

where:

Average Total Assets = (Beginning Assets + Ending Assets )/2 = (Assets at the beginning of year  +Assets at end of year )/2

In the House of Orange:

Average Total Assets = ($84,000 + $90,000)/2 = $87,000

Asset Turnover = $826,650/$87,000 = 9.5

7 0
3 years ago
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