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
Zepler [3.9K]
3 years ago
9

One of the largest changes in the economy over the past several decades is that technological advances have reduced the cost of

making computers. Show the effect of the reduction in production costs on the market for computers.
Business
1 answer:
umka21 [38]3 years ago
8 0

Explanation:

Over the past several decades, advances in technology, greatly reduced the cost of making computers which resulted in the decline of the equilibrium price of  computers and also resulted in increased equilibrium quantity. The reduction in the computer prices also caused an increase in the consumer surplus.

computer price down -> equilibrium price down

computer price down -> equilibrium quantity up

computer price down -> consumer surplus up

The producer surplus increases due to increase in quantity and at the same time producer surplus decreases due to decrease in price.

computer price down ->  producer surplus down

computer quantity up -> producer surplus up

You might be interested in
Select the correct answer.
-BARSIC- [3]

Answer:

the answer is b

Explanation:

4 0
3 years ago
Robert, who lives in Ohio, files a lawsuit against Trading Post, a Washington company, in an Ohio state court. The Trading Post'
ss7ja [257]

Answer: conducted substantial business with Ohio residents through the Web site.

Explanation: The sliding - scale standard confirms when exercising jurisdiction over an out of state defendant is allowed. It is only allowed when significant business has been conducted by this out of state company over the Internet with another state. In this case the out of state defendant is Trading Post, a Washington company, and it has dealt in transactions over the Internet with the state of Ohio via its website. Because the business conducted in Ohio is significant, it gives Robert the grounds to sue Trading Post, even though Trading Post is not based in the same state as Robert.

8 0
3 years ago
A market system tends to restrict business risk to owners and investors. This results in which of the following benefits?
In-s [12.5K]

Answer: d)Firms have to pay more to attract inputs, as these inputs have to share the risk.

Explanation: When the market system tries to put restriction on the business risk to owner and other investors , the firms have to give more payment to attract them to market business.

The chances of risk have have to be shared by both the parties so the owners or investors are going to indulge in the business when they gain some benefit e.g.-more payment.

Other options are incorrect because entrepreneurship will not be encouraged through this process. Incomes will not be distributed equally and neither the prudent risk management will be aimed.Thus, the correct option is option(d).

7 0
3 years ago
At the Blue Restaurants Corporation, an employee survey reports that efforts to increase worker satisfaction by redesigning jobs
DiKsa [7]

Answer:

lower costs, leading to higher profits

Explanation:

Improving job satisfaction in the workplace results in better productivity. This is because employees get to enjoy what they do rather than feeling forced to work.

When the workplace is conducive it will result in lower rates of absenteeism and employee turnover.

These in turn lead to lower costs and higher profit.

Staff turnover is costly on the business as new hires have to be trained on the job to be effective.

7 0
3 years ago
Explain how a school's published price (also known as<br> sticker price) and net price differs.
miv72 [106K]

Answer:

Sticker price is the published tuition and fees whereas net price is what the student pays after financial aid (much lower than sticker price).

Hope this helped! :)

5 0
3 years ago
Other questions:
  • Reuben's boss recently took him off probation because Reuben had met performance standards that he and his boss had agreed upon.
    6·1 answer
  • A company that produces baseball gloves is considering buying some new equipment that it expects will increase future profits. I
    13·1 answer
  • As a store manager, Leah has to play the role of negotiator, such as purchasing products at a fair price for her company. As she
    10·2 answers
  • Which of these roles is the highest ranking person in a company?
    11·2 answers
  • 2. Working with Numbers and Graphs Q2 Kevin is a baseball player who earns $800,000 per year playing for team X. If he weren't p
    8·1 answer
  • Northern Organic Farms is considering a project which will produce annual sales of $975,000 and increase cash expenses by $848,0
    11·1 answer
  • Vicki is an independent insurance agent who has seen little increase in her revenues over the last two years. Her main marketing
    10·1 answer
  • An automated assembly robot that cost $400,000 has a depreciable life of 5 years with a $100,000 salvage value. The MACRS deprec
    15·2 answers
  • At the end of each day, panera bread restaurants donate leftover bread and baked goods to food banks and local charities. the co
    9·2 answers
  • In economics, decisions are necessary because ________ are scarce, while ________ are practically unlimited.
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!