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laila [671]
3 years ago
12

Assume a purely competitive increasing-cost industry is initially in long-run equilibrium and that an increase in consumer deman

d occurs. After all economic adjustments have been completed, product price will beanswer choicesA) lower, but total output will be larger than originally.B) higher, and total output will be larger than originally.C) lower, and total output will be smaller than originally.D) higher, but total output will be smaller than originally.
Business
1 answer:
salantis [7]3 years ago
3 0

Answer:

The correct answer is option B.

Explanation:

An increasing-cost industry is that kind of industry where the cost of production increases as new firms enter the industry. It generally happens as the industry expands, the cost of inputs increases, because the input demand is increasing as well.  

An increasing cost industry has an upward sloping long-run supply curve. So when the demand increases, the new demand curve will intersect the upward sloping demand curve at a higher point. This will cause both the product price as well as the output level to increase.

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kirill [66]

Answer: General Chennault established specific and measurable goals for the pilot.

Explanation:

From the question, we are informed that in Flying Tigers case study from lesson two, General Chennault established an organization in which reward pay was contingent on performance based standards.

The kind of goal setting and pursuit strategy represented in this case study show that General Chennault established specific and measurable goals for the pilot. The pilots know what to do in order for them to get rewarded.

6 0
3 years ago
The principle of ____ states that an insured should not be compensated by an insurance company in an amount exceeding the econom
Damm [24]

Answer:

indemnity

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The principle of indemnity asserts that on the happening of a loss the insured shall be put back into the same financial position as he used to occupy immediately before the loss. In other words, the insured shall get neither more nor less than the actual amount of loss sustained.

i hope this helps!

brainliest is very much appreciated... :}

8 0
3 years ago
Burns Company incurred the following costs during the year: direct materials $20 per unit; direct labor $14 per unit; variable m
il63 [147K]

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4 years ago
Shareholders may prefer the compensation package that includes stock options because the options give the CEO the incentive to m
OLEGan [10]

Answer: True

Explanation:

There exists a problem known as the Agency Problem between managers and the shareholders of a company. The manager is the agent and the shareholders are the owners. Sometimes, it has been shown that the agent might act in their best interests as opposed to be best interests of the owners of the business.

To solve this, the manager should be made an owner as well and one way to do so is to give them stock options. This way, they will be motivated to work hard for the owners because they will benefit as well.

6 0
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What is a depository institution?
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