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3 years ago

What effect will each of the following have on the supply of auto tires? (Keeping all else constant)

Business

1 answer:

vlabodo [156]3 years ago

5 0

Answer:

Explanation:

a. Total supply of auto tires will increase because firms will produce more. In the Demand and Supply graph the supply curve will shift to the right.

b. Total supply will decrease because there are less tires offered on the market. In the Demand and Supply graph the supply curve will shift to the left.

c. Total supply will decrease because cost of production will increase, then firms will offer less quantity of tires. In the Demand and Supply graph the supply curve will shift to the left.

d. Total supply will decrease because firms will perceive less benefits of selling auto tires in the future. In the Demand and Supply graph the supply curve will shift to the left.

e. The total supply could increase if large tires producers decide to produce auto tires because it is more attractive. In the Demand and Supply graph the supply curve will shift to the right.

f. Total supply will decrease because the tax creates incentives to produce less. In the Demand and Supply graph the supply curve will shift to the left.

g. Total supply will increase because the subsidy creates incentives to produce more. In the Demand and Supply graph the supply curve will shift to the right.

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While advocates of a market-oriented economy tend to argue that consumers benefit substantially when firms seek short-term profi

ELEN [110]

Answer: socially wasteful

Explanation:

Product differentiation is when a product is being distinguished from similar products in order to make it more appealing and therefore drive consumers choice.

It should be noted that critics of market-oriented economies may argue that product differentiation is socially wasteful.

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3 years ago

The average starting salary for graduates at a university is $33,000 with a standard deviation of $2,000. If a histogram of the

maxonik [38]

Answer:

Approximately $37000

Explanation:

A standard normal curve will be used to solve this question since the histogram of the data takes on a mound shape.

The mean salary is $33000 with one standard deviation equalling $2000.

Using the normal curve, 95% of the salary will lie between 2 standard deviation. i.e. $33000+$2000+$2000=$37000

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2 years ago

Although the average annual price for a four-year public college is roughly $8,600, how much does the average student pay after

djverab [1.8K]

In general, after a student applies gift aid to public college fees, they get to pay<u> less than $3,000.</u>

Gift aid refers to financial support towards one's education that they do not have to pay back. The various forms include:

Scholarships
Grants

When students get both of these, it can reduce the amount they have to pay for college by more than 50% such that they only end up paying less than $3,000 in public universities.

In conclusion, gift aid helps public college students pay less than $3,000 in college fees.

<em>Find out more at brainly.com/question/20087400. </em>

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2 years ago

If a good that generates positive externalities were produced and priced to take into account these spillover benefits, then its

Morgarella [4.7K]

If a good that generates positive externalities were produced and priced to take into account these spillover benefits, then its: price and output would increase.

Definition of Positive Externality: this happens when the consumption or production of a decent causes a benefit to a 3rd party. For example: once you consume education you get a non-public benefit. But there also are benefits to the remainder of society.

When a positive externality is present, the market produces the socially optimal quantity of the great or service, since there's a benefit to society that's not captured by the individual.

When products that make positive externalities are produced, at the market equilibrium output, the social benefit Positive Externality generated by consuming the merchandise exceeds the private benefit. A. people that sleep in one country have the benefit of the assembly of an honest or service that happens in another country.

This occurs when the assembly of an honest person causes a 3rd party benefit. As a result there's a Positive Externality nonstop benefit where the assembly of an honest or service positively impacts a 3rd party. The benefit to the individual or firm is a smaller amount than the benefit to society.

learn more about Positive Externality: brainly.com/question/10743687

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3 0

1 year ago

When managers monitor the performance of individuals, departments, and the organization as a whole to determine if they are meet

Degger [83]

Answer:

"Controlling " is the right approach.

Explanation:

Controlling was just one of the management's primary duties. To search out expected outcomes from either the respondents a supervisor must exert efficient management over all the respondents' behavior and actions.
In several other terms, it could be described as guaranteeing that even an organization's operations are carried out under strategies.

7 0

3 years ago