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tigry1 [53]
4 years ago
12

Suppose a competitive market has a downward-sloping demand curve and a horizontal supply curve. If the supply curve shifts downw

ard, equilibrium price will _____, equilibrium quantity will _____, consumer surplus will _____, and producer surplus will _____.
Business
2 answers:
8090 [49]4 years ago
4 0

Answer: (a) Fall

(b) Increase

(c) Increase

(d) Unchanged

Explanation:

Suppose there is a competitive market with a downward sloping demand curve and horizontal supply curve. In a competitive market there are large number of buyers and sellers. So, if there is a downward shift in the supply curve, as a result equilibrium price will fall, equilibrium quantity will increase, consumer surplus now become larger and producer surplus remains the same because of the horizontal supply curve.

NeX [460]4 years ago
3 0

Answer:

B

Explanation:

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Stock has a 50% chance of producing a 46% return, a 30% chance of producing a 10% return, and a 20% chance of producing a -28% r
lakkis [162]

Answer:

the firm expected rate of return is 20.4%

Explanation:

The computation of the expected rate of return is shown below:

= Respective Probabilities × respective returns

= 0.50 × 0.46 + 0.30 × 0.10 + 0.20 × -0.28

= 0.23 + 0.03 - 0.056

= 0.204

= 20.4%

hence, the firm expected rate of return is 20.4%

We simply applied the above formula so that the correct value could come

And, the same is to be considered

6 0
3 years ago
The efficiency wage​ ______. A. is paid by firms who​ can't directly monitor the work effort of their employees B. is equal to t
lubasha [3.4K]

Answer:

A. is paid by firms who​ can't directly monitor the work effort of their employees

Explanation:

The efficiency wage refers to a wage that is greater than the equilibrium wage which firms pay to employee voluntarily in order to bring about higher productivity and profits.

The efficiency wage is usually paid in order to avoid "shirking" (screwing around) when it is not possible for firms to directly monitor the work effort of their employees.

Screwing around implies wasting time by enganging in  unproductive activity.

Therefore, the theory of effiiciency wage predicts that amployees are motivated to harder ans smarter when they are paid an efficiency wage when it is not possible for firms to directly monitor the work efforts of the employees.

6 0
4 years ago
A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares
patriot [66]
A is the answer $7,125 if I’m reading correctly
8 0
4 years ago
Read 2 more answers
If you and a friend order 2 veggiburgers, one salad, one fries and 2 coffees, what is the total bill with 4% tax and 15% tip?
ycow [4]

Answer:

$14.71

Explanation:

Each veggiburger costs $3.25, the salad costs $2.50, the fries cost $1.50 and each coffee costs $0.90.

Your total bill without taxes or tips = $6.50 + $2.50 + $1.50 + $1.80 = $12.30

If we add the 4% our total increases to = $12.30 x 1.04 = $12.79

Generally I tip on the taxes, so the total bill including taxes and tip = $12.79 x 1.15 = $14.71

6 0
3 years ago
Cost of Normal Spoilage
Mars2501 [29]

Answer:

1. Calculation of the Cost of the Tramel Job

Particulars                    Amount

Direct material cost      $2,300

Direct labor cost           $500

Overhead applied        <u>$650 (</u>500*130)

Total cost of job           <u>$3,450</u>

<u></u>

2. Particulars                           Debit     Credit

Overhead Cost                         $1,300

       To materials                                    $800

       To Labour                                        $500

3. The Cost of the Tramel Job will not be affected

6 0
3 years ago
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