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masya89 [10]
4 years ago
13

Assume the market for ball bearings is purely competitive. Currently, each of the firms in this market is earning positive econo

mic profits. In the long run, as adjustments occur in the industry, we can expect the market price of ball bearings to a. increase and individual firms' profits to decreaseb. increase and individual firms' profits to increasec. decrease individual firms' profits to increased. decrease and individual firms' profits to decrease
Business
1 answer:
AleksandrR [38]4 years ago
3 0

Answer: Given, the ball bearing market is purely competitive. Also at the current stage the firms in this market are earning positive economic profits.

Therefore , in the long run as adjustments occur in the industry, we can expect the market price of ball bearings to<em><u> </u></em><u><em>decrease and individual firms' profits to decrease.</em></u>

This will take place as new firms will enter the market once they analyze that the existing firms are earning positive economic profits. Thus this will lead to decrease in price of ball bearing and further will lead to decrease in profit os a firm.

<u><em></em></u>

<u><em>Therefore, the correct option is (d)</em></u>

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The moving-average forecasting method is a very good one when conditions remain pretty much the same over the time period being
astraxan [27]

Two of the most usually used forecast error measures are suggested absolute deviation (MAD) and implied squared errors (MSE). MAD is the average of absolute mistakes. MSE is the average of the squared errors. mistakes of contrary symptoms will not cancel every difference out in both measures. however, with the aid of squaring the mistakes, MSE is extra sensitive to big mistakes. both MAD and MSE can be used to examine the performance of different forecasting techniques. The high-quality approach is the only one that yields the lowest MAD/MSE. - consequently, the statement in the query is fake.

A smoothing regular of 0.1 will motivate an exponential smoothing forecast to react extra quickly to a sudden exchange than a fee of zero. three will. - false

A weighted shifting common permits unequal weighting of earlier time intervals. The sum of the weights has to be identical to 1. often, more recent periods are given better weights than durations farther beyond. Exponential smoothing places big weight on beyond observations, so the initial cost of a call may have an unreasonably big effect on early forecasts. for this reason, the assertion in question is fake.

In an easy linear regression model, the correlation coefficient not handiest indicates the strength of the relationship among independent and structured variables, however, also suggests whether or not the relationship is tremendous or negative. as a result the announcement in the query is genuine.

Forecasting techniques including moving-average, exponential smoothing, and the final-value approach all represent averaged values of time-series records. authentic

The shifting-average forecasting method is a very good one while conditions continue to be pretty a lot identical over the time period being considered.. authentic.

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8 0
1 year ago
Johanna Pye is a hair stylist at Mamon Salon. The salon's policy states that stylists receive 40 percent of the revenue they gen
IRINA_888 [86]

Answer:

Business diversion

Explanation:

The above scenario is an example of business diversion type of scheme  whereby Johanna diverted her employer new client in order to generate her personal income, and it happens without the knowledge of her boss

6 0
4 years ago
If the Fed sells​ $2 million of bonds to the First National​ Bank, what happens to reserves and the monetary​ base?
Sindrei [870]

Answer:

Reserves fall by $2 million, and the monetary base falls by $2 million.

Explanation:

In the books of First National​ Bank, the purchase of $2 million of bonds by First National​ Bank, from the Federal Reserve means there is a reserve with the Federal Reserve represented by security which stands as asset.

In the books of the Federal Reserve, The sales of bonds to First National​ Bank will create a liability from the reserve assets.

See attached for the T-accounts explain the answer    

Download docx
4 0
3 years ago
Jay Bird is a partner in Soundview Partnership. The adjusted basis of his interest is $19,000, of which $15,000 represents his s
Marta_Voda [28]

Answer:

Ordinary income of $6,000; Capital gain of $18,000

Explanation:

Calculation to determine the amount and character of his gain

First step is to calculate the The total gain on the sale of his partnership

Using this formula

Total gain on the sale of his partnership = ( Cash + Relief of his share of liabilities -Basis )

Let plug in the formula

Total gain on the sale of his partnership=$28,000+$15,000+$19,000

Total gain on the sale of his partnership=$24,000

Now let determine the amount and character of his gain

The UNREALIZED RECEIVABLES amount of $6,000 will be the ORDINARY INCOME while the remaining amount of $18,000 Calculated as ($24,000-$6,000) will be the CAPITAL GAIN.

Therefore the amount and character of his gain will be: Ordinary income of $6,000; Capital gain of $18,000

4 0
3 years ago
The United States does not allow oranges from Brazil (the world's largest producer of oranges) to enter the United States. If Br
Nina [5.8K]

Answer:

The statement is True

If Brazilian oranges entered the United States, the number of oranges in the market would be higher, and if the quantity demanded remained more or less stable, the oranges prices would fall.

Changes in supply are those produced by anything other than price, thus, in this example we can see a change in supply, because the higher number of oranges has come from the market entry of new competitors : the brazilian orange providers.

5 0
3 years ago
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