1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
s2008m [1.1K]
3 years ago
6

New technology lowering the costs of production will cause the equilibrium price to ______________ and the equilibrium quantity

to _____________.
a. decrease; increase
b. increase; increase
c. increase; decrease
d. decrease; decrease
Business
2 answers:
charle [14.2K]3 years ago
8 0

Answer:

The answer would be A, Decrease, Increase.

Explanation:

New technology lowering the costs of production will cause the equilibrium price to decrease and the equilibrium quantity to increase.

New technologies are introduced in the organizations in order to do the tasks quickly and efficiently. With the introduction of new tech in the production process, if cost of production decreases, then the organization can make more profits with the same price and quantity. Also, the organization can lower the prices to attract more consumers. The equilibrium quantity also increases due to the introduction of advanced production technologies.

lisabon 2012 [21]3 years ago
5 0
I believe the answer is A. <span>decrease; increase
</span><span>lowering the costs of production means that the company could still obtain the same amount of profit while reducing the price on the market.
Due to the development of technology, the production process will become more efficient, which lead to an increase of total quantity of the products on the market.</span>
You might be interested in
Job cost sheets contain entries for actual direct material, actual direct labor, and actual manufacturing overhead cost incurred
adelina 88 [10]

Answer:

True

Explanation:

A cost sheet is a statement that contains all the cost incurred on a cost unit or a cost centre. A  typical cost sheet will accumulate all the direct and indirect material consumed in the production of a product. Also included in the cost sheet is direct labor incurred in the making of a product including allocated overhead. With this, the margin on a product can be observed from a cost sheet.

7 0
3 years ago
A good example of a ______________ offense is selling alcoholic beverages to a minor
laila [671]
Minor criminal offense, specifically a strict liability offense. Strict liability refers to an offense made regardless of the the intent of action. In other words, even if you have no malicious intent, you are still liable for the offense. Another example is possession of drugs. 
4 0
3 years ago
Which of the following documents will a bank issue in order to secure a loan with your personal assets?
Minchanka [31]
You to do a loan application
6 0
3 years ago
The Superior Company acquired a building for $500,000. The building was appraised at a value of $575,000. The seller had paid $3
MissTica

Answer:

Cost principle.

Explanation:

Cost or historical cost principle.

The assets, liabilities and equity must enter the accounting at their original purchase cost rather than current market value. This bulding, which is an asset was purchase for 500,000. Therefore, his cost is 500,000. It will be recorded at 500,000.

And will not increase for changes in the market value. Only at the moment of selling or disposal of the assets the accounting will recognzie a gain or loss.

5 0
3 years ago
Which of the following is not a standard organizational structure
Rudiy27

Answer:

sequential

Explanation:

organizational structures come in four general types – functional, divisional, matrix and flat

7 0
3 years ago
Other questions:
  • The accelerating growth of a national market was due in large measure to the fact that the cost of ________ dropped by 95% betwe
    10·1 answer
  • The ________ run by the u.s. department of labor enables public employment agency counselors to advise applicants about local an
    11·1 answer
  • Which four ethical norms are often used by companies to help individuals make ethical decisions
    10·2 answers
  • On October 1, 2016, Concord Corp. issued $924,000, 7%, 10-year bonds at face value. The bonds were dated October 1, 2016, and pa
    15·1 answer
  • A stock had annual returns of 16 percent, 8 percent, -17 percent, and 21 percent for the past four years. Based on this informat
    11·1 answer
  • Piscataway National Bank pays compound interest on savings accounts, but at different rates depending on the amount of the accou
    7·1 answer
  • Make-or-buy decisions are ones that concern the procurement of raw materials for the manufacturing process.
    5·1 answer
  • Discuss in depth one ethical, social, or political issue that is presently in the news surrounding the Internet and e-commerce.
    15·1 answer
  • Karina wants to retire early and spend her retirement in a foreign country. what are the most helpful examples of milestones for
    8·1 answer
  • Guarantees are most effective in two situations. the first is when the company or products are not well known. the second is whe
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!