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Ymorist [56]
3 years ago
13

If a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each

price, the new equilibrium price would be
Business
1 answer:
Mrrafil [7]3 years ago
7 0

Answer:

$12

Explanation:

Please find attached the table used in answering this question

Equilibrium price is the price at which quantity demand equal quantity supplied. Above equilibrium price there is a surplus - quantity supplied exceeds quantity demanded.

Below equilibrium price there is a shortage - quantity demanded exceeds quantity supplied

When 60 is added to 190, it becomes 250. here quantity supplied equal quantity demanded. Thus, the equilibrium price is $12

When 60 is added to 100, it becomes 160. this is less than 295.At a price of $10, there is a shortage

When 60 is added to 265, it becomes 325. this is greater than quantity demanded - 135. at the price of $15, there is a surplus

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Does Audit services needed in Auchi polytechnic student union government? If yes,why
Zepler [3.9K]

Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.

.

<h3>What is the student union?</h3>

The student union is known to be a body that is composed of student of any university, polytechnic or college institution.

It is known to be a body that is autonomous and one whose internal life set up its own by-laws.

Note that the student unions are often allocated funds by the university or polytechnic  and as such they have to use the audit service because some of their leaders may squander the money given to them., So this will help to checkmate them.

Hence, Audit services is one that is needed in Auchi polytechnic student union government to know if the student body use the money allocated to them in the right manner or for the right project.

Learn more about student union government from

brainly.com/question/14856644

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3 0
2 years ago
Explain the difference between primary and secondary authorities as sources of tax information. On which type of authority shoul
RSB [31]

Answer:

a.

Primary sources represent the law itself as interpreted by the statutory, administrative and judicial entities of the government while secondary sources can be generally defined as interpretations of the law done by non-governmental entities.

b.

The type of authority which professional tax research conclusions should be based on are the primary sources.

Explanation:

a.

Primary sources of tax information are documents that are provided directly by an authority usually the government. Primary sources usually carry heavy weight especially when there is a conflict in the understanding of a federal tax law. These sources are often used by law practitioners as a basis in understanding cases of a similar nature. Some examples of primary sources of tax information include; internal revenue code, final and temporary regulations, non-codified federal tax statutes, and judicial decisions on tax matters. In general primary sources represent the law itself as interpreted by the statutory, administrative and judicial entities of the government. They can be used in a case where a tax payer in arguing his or her case about their tax position in a court of law.

Secondary sources of tax information are documents that are provided by information vendors who provide research services, legal analysis and tax professionals. These sources usually rely on the professionalism and experience of individuals who have gained a reputation on tax law for advice and direction. Some examples of secondary sources include; legal periodicals like academic journals, legal analysts, scholars and tax law reporters. Secondary sources can be generally defined as interpretations of the law done by non-governmental entities.

b.

Professional research is usually done to enable one advance in his/her career in order to gain acceptance as an expert in that particular field. For one to join the ranks of a professional, they first need to prove their mastery of the knowledge in that particular profession. In our case, one needs to be aware of the law as provided by an authority. This means that one needs to argue his/her case in reference to the primary sources since these sources carry more weight in terms of understanding and experience as opposed to secondary sources that represent personal views that might be susceptible to bias. On this note, the type of authority which professional tax research conclusions should be based on are the primary sources.

5 0
3 years ago
Franz ask Joe if he will paint his office building for $1000. Joe says he will do it for $2000. Joe's response is called
Novay_Z [31]
Hey there!

Joe's response is called a counteroffer, which is just an offer that's made in response to an offer given by someone else.
Thie helps two people come to a consensus about an offer.

Hope this helps!
4 0
3 years ago
You plan to retire at age​ 65, and you want to have enough money in your savings account to withdraw​ $54,000 every year for 20
leonid [27]

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

3 0
4 years ago
The cost of sensors used in making digital cameras falls, while a successful ad campaign makes digital cameras more fashionable.
Wewaii [24]

Answer: Indeterminate; Increases

Explanation:

We know that sensors are used as an input in the production of digital cameras. So, if the price of sensors falls, as a result cost of production of digital cameras also falls. This will increase the supply of cameras and shift the supply curve rightwards.

At the same time successful ad campaign will make the digital cameras more fashionable and increases the demand for digital cameras. This will also shift the demand curve rightwards.

Hence, there is an increase in the equilibrium quantity but effect on equilibrium price is indeterminate because it will be depend upon the magnitude of the shift of demand and supply curve.

7 0
4 years ago
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