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svet-max [94.6K]
3 years ago
14

A perfectly competitive market is initially in long-run competitive equilibrium. Then, market demand falls. By the time all adju

stments have been made, price will be __________ its original level if the industry is a(n) __________ costs industry.
a. above; decreasing
b. at; constant
c. at; increasing
d. below; increasing
e. a and d
Business
1 answer:
Brut [27]3 years ago
3 0

Answer:

b. at; constant

Explanation:

The relationships in the long run between prices of any given industry and its products are positive correlated this means that if an industry price increases its cost must also increase and vice versa.

Given the options the only positive correlation is the option b.

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A company sells two products with information as follows: ​ A B Sales price per unit $12 $22 Variable cost per unit $10 $10The p
Tanya [424]

Answer:

Option (c) : $80,000

Explanation:

As per the data given in the question,

                                         A        B

Sales price                      $12     $22

Less: Variable cost         $10     $10

Contribution per unit      $2      $10

Time required in hours  0.25    0.50

Contribution per hour     $8      $20

Rank                                 2          1

Company should produce only product B to maximize the contribution.

Total contribution = $20 × 4,000

= $80,000

5 0
3 years ago
Draw a curve that shows the relationship between the tax rate and the amount of tax revenue collected. The relationship between
maw [93]

Answer:

Laffer curve.

Explanation:

Laffer Curve is developed by

Arthur Laffer. It is used to show the relationship between tax rates and the amount of tax revenue collected by governments of a particular country. Laffer curve is used to demonstrate Laffer’s argument that sometimes cutting tax rates can increase total tax revenue.

Laffer curve shows the relationship that occurs between the tax rate and the amount of tax revenue collected

The relationship between the tax rate and the amount of tax revenue collected is called the​ LAFFER CURVE curve. This curve shows that​ TAX CUT CAN INCREASE TAX REVENUE.

The drawing of a laffer curve has been attached

8 0
3 years ago
Which statement is true of passive radio frequency identification (RFID) tags?
Mumz [18]

Answer: They have no internal power supply.

Explanation: Passive radio frequency identification tags are tags that do not posses batteries in them but posses a little antenna or sensor which is triggered ON when it is brought close to a reader.

the passive RFID tags work only for short distance and have the ability to last many years. The RFID tags sends out the stored information in it to the reader when the radio waves from the reader activates it.

8 0
3 years ago
A company's unadjusted trial balance shows a debit balance in the allowance for doubtful accounts. This means that a. The compan
ELEN [110]

Answer:

d. Both a and b above are correct.

Explanation:

In the case when the company unadjusted trial balance reflect a debit balance of allowance for doubtful debts so this represent that the company would have more written off account receivable that would be shown in the beginning balance of the allowance. Also the company should record the bad debt expense as more as the debit balance of the non-adjusted allowance  

Hence, the last option is correct

3 0
3 years ago
Which of the following statements is true regarding the national debt and federal government​ deficits?
zheka24 [161]

Answer

A) There is a positive relationship between the national debt and a federal government budget deficit.

8 0
3 years ago
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