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
grin007 [14]
3 years ago
9

Suppose a recent and widely circulated medical article reports new benefits of exercise. Simultaneously, the price of the parts

needed to make bikes falls. What is the likely effect on the equilibrium price and quantity of exercise bikes sold?
Business
1 answer:
Reptile [31]3 years ago
3 0

Answer:

Equilibrium quantity increases; Equilibrium price is indeterminate.

Explanation:

If a new article reports that there are many benefits of exercise, this will increase the demand for exercise bikes and shifts the demand curve rightwards.

At the same time, there is a fall in the price of parts of exercise bikes which reduces the cost of production of exercise bikes. Now, the producer will be able to produce more exercise bikes, so the supply of exercise bikes increases and shifts the supply curve rightwards.

Therefore, there is an increase in the equilibrium quantity of exercise bikes and the impact on equilibrium price is indeterminate because that will be dependent upon the magnitude of the shift of demand and supply curve.

You might be interested in
​The monthly salaries of a sample of 100 employees were rounded to the nearest $10. They ranged from a low of $1,040 to a high o
lapo4ka [179]

i will say its c since it come close and touches thats one

3 0
3 years ago
Jerry, a partner with 30 percent capital and profits interest, received his Schedule K-1 from Plush Pillows, LP. At the beginnin
Ierofanga [76]

Answer: $61,500

Explanation:

Jerry's adjusted basis in his partnership interest at the end of the year is determined by adding his cash contributions, long-term capital gain, and qualified dividends to the original tax basis.

There will also be deductions of the non-deductible expenses, ordinary loss and his share of the reduction in partnership debt.

Jerry's adjusted basis at the end of the year = ( 44,000 + 26,000 + 3,600 4,600) - ( 2,100 + 9,000 + 5,600)

= 78,200 - 16,700

= $61,500

3 0
3 years ago
a manfucturing firm is considering two locations for a plant to producr a new product. Location A has a foxed cost of 80,000 and
9966 [12]

Answer: 15,000 units

Explanation:

The annual output that would make them indifferent is the one that would equate both costs.

Assume that output is x.

80,000 + 20x = 140,000 + 16x

20x - 16x = 140,000 - 80,000

4x = 60,000

x = 60,000/4

x = 15,000 units

7 0
3 years ago
Mr. Blatt: Expert consultants are sought after by management because they help executives make better decisions. That is why the
Sidana [21]

Answer: C) A successful firm of expert consultants seeks to increase its volume of business by reducing its fees, but its volume of business drops.

Explanation:

Mr. Fringe says that the more expensive a consultant is, the more they can be blamed. This means that the kor expensive a consultant is, the more they will be sought after in order for the company to blame them.

When a successful firm of consultant reduced their prices and became cheaper, less people wanted to hire them. This therefore supports the logic of Mr. Fringe as a lower cost led to the consultants being less sought after.

6 0
3 years ago
Which of the following statements about the waiver-of-premium provision in life insurance is true?
Verdich [7]

Answer:

Correct Answer:

D) The disability must occur before a stated age, such as 65, for premiums to be waived.

Explanation:

In Life insurance, the individual insured against bad events that may likely occur in his or her life through an insurance company. This would led to the company to pay his beneficiary or the individual in question if such event happened.

<em>For waiver-of premium to occur in a life insurance,the disability of the individual must occur before the age of 65 years which is assumed to be the retirement age.</em>

7 0
3 years ago
Other questions:
  • For any given product, _____ is determined by what the market will bear.
    15·1 answer
  • Which best describes when generally occurs in financial markets
    8·2 answers
  • Suppose the following transactions occur during the current year:
    11·1 answer
  • What are the advantages of collecting payment at the time of service?
    15·1 answer
  • Aubrey uses her credit card to buy some clothes for $552.86. She can pay up to $195 on the credit card each month. What is the t
    5·1 answer
  • It costs $60 of variable and $40 of fixed costs to produce rocking chair which normally sells for $150. A wholesaler offers to p
    13·1 answer
  • Pearl Corp. factors $370,000 of accounts receivable with Martinez Finance Corporation on a without recourse basis on July 1, 202
    13·1 answer
  • A hospital conducted a study of the waiting time in its emergency room. The hospital has a main campus and three satellite locat
    15·1 answer
  • Pratte Boat Wash's cost formula for its cleaning equipment and supplies is $2,500 per month plus $48 per boat. For the month of
    10·1 answer
  • Sanders Co. is planning to finance an expansion of its operations by borrowing $49,200. City Bank has agreed to loan Sanders the
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!