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3 years ago

In the long run, the entry of new firms in an industry:

Business

1 answer:

Aleks [24]3 years ago

5 0

Answer:

d. Benefits consumers by forcing prices down to the level of average cost.

Explanation:

In the long run, as firms enter into the industry, price would fall. This is due to the law of supply which says the higher the price, the higher the quantity supplied and the lower the price, the lower the quantity supplied.

The entry of firms into the industry in the long run drives economic profit to zero and ensures that price is equal to marginal cost or average cost.

I hope my answer helps you

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Which of the following scenarios could lower a firm’s demand for labor? Correct Answer(s) James operates a restaurant in a seasi

Sedaia [141]

Answer:

James operates a restaurant in a seaside tourist town. It is winter and all the tourists have left

Rex invests in new computer software that will automate his bookkeeping.

Explanation:

In winter, the patronage at James' resturant would drop because tourists would have left. Because demand at the resturant has dropped, James would reduce his demand for Labour which are his staffs. He would let some staffs go temporarily to reduce costs .

If Rex invests in a software that automates his book keeping, he wouldn't need an accountant to help with his book keeping, so demand for labour would fall.

After Katie's competition closes down, more people would patronise Katie. Katie's demand for Labour would increase because of the influx of customers.

Amy would need labour to obtain wood; her demand for Labour would increase.

If school is just resuming, there would be a high influx of people into the bookstore, the bookstore would increase its demand for Labour because of the high influx of customers .

I hope my answer helps you.

8 0

3 years ago

See Chapter 19, sections 19.9 and Cases. The project will be a continuation of how to improve the process you chose in Competenc

vitfil [10]

I DON'T KNOW THE ANSWER I'm sorry

4 0

1 year ago

Bonds are

Alexxx [7]

Considering the available options, Bonds are a "<u>store of value, but not a medium of exchange."</u>

<h3>What are Bonds?</h3>

Bonds is a term or entity in the financial world to describe a form of fixed-income security that has its terms stipulated in an indenture or legal contract.

<h3>Medium of Exchange</h3>

On the other medium of exchange is an entity used in a transaction to exchange goods or services.

In modern times, the medium of exchange is currency or money.

Hence, in this case, it is concluded that the correct answer is option B. "<u>store of value, but not a medium of exchange."</u>

Learn more about Bonds here: brainly.com/question/25425872

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2 years ago

Goldtone is a multinational communications and information technology corporation. its principal products are mobile telephones

marysya [2.9K]

I think the correct answer would be crowdsourcing. It is a practice that involves obtaining certain information from the market or the public. It allows the consumers to suggest and comment on the products a company has. Hope this answers the question.

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3 years ago

If a business person wants to get information about a special product to a wide variety people across a large geographic range,

Westkost [7]

Answer: Internet.

Explanation:

The internet is the fastest way a business can advertise it's products to a global audience. The internet is a wireless interconnection of computers across the Earth, where communication is made easier and information is shared.

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3 years ago