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zheka24 [161]
3 years ago
14

If capital is held constant, what happens when the price that firm receives for its goods increases?

Business
1 answer:
ziro4ka [17]3 years ago
4 0

Answer:

Then the constant increases?

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Productivity is output multiplied by worker hours. <br><br> a. True <br><br> b. False
ser-zykov [4K]

Answer:

Explanation:true cause more workers more production

3 0
3 years ago
Never start a project unless all resources are available
Ilya [14]
Agreed! This is so true tho!
6 0
3 years ago
A point outside the production possibilities curve represents a combination of goods that is
pochemuha

Answer:

A production combination outside of the PPF is unattainable by the economy with the given resources and technology.

This represents the Concept of scarcity in economics.

If the economy wishes to achieve the production point outside the frontier, they will have to enhance the production possibility capacity by introducing new technology or finding new resources.

Explanation:

4 0
3 years ago
The adjusted trial balance of Lopez Company shows the following data pertaining to sales at the end of its fiscal year, October
Oksana_A [137]

Answer:

A) Prepare the revenues section of the income statement.

                                     Lopez Company

         Income Statement for the year ended MM DD, YY

Sales Revenue                              $852,850

-Sales Returns and Allowances   $24,030

-Sales Discounts                          <u> $12,760 </u>

= Net Sales                                   <u>$816,060</u>

B) Prepare separate closing entries for

(1) sales

                                                          Dr.                 Cr.

Sales                                            $852,850

Income Summary                                               $852,850

(2) the contra accounts to sales.

                                                          Dr.                 Cr.

Income Summary                        $36,736

Sales Returns and Allowances                         $24,030

Sales Discount                                                   $12,706

6 0
3 years ago
Game theory assumes that: Group of answer choices firms anticipate rival firms' decisions when they make their own decisions. fi
muminat

Answer:

firms anticipate rival firms' decisions when they make their own decisions.

Explanation:

Game theory assumes that firms anticipate rival firms' decisions when they make their own decisions. It is very important and necessary for understanding firms operating in an oligopolistic market.

An oligopoly can be defined as a market structure comprising of a small number of firms (sellers) offering identical or similar products, wherein none can limit the significant influence of others.

Hence, it is a market structure that is distinguished by several characteristics, one of which is either similar or identical products and dominance by few firms.

This ultimately implies that, under the game theory, when firms makes a decision about their business, it is expected that they consider how the other firms would react to such decisions.

3 0
3 years ago
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