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
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

You might be interested in
Which of these are considered rewards of practicing management? Building a catalog of successful products or services Becoming a
Juliette [100K]

Answer:

The rewards of practicing management include:

a. Building a catalog of successful products or services

b. Becoming a mentor and helping others

c. Experiencing a feeling of accomplishment along with your employees

d. Magnifying your range and stretching your abilities

Explanation:

When management is truly practiced, the rewards are usually great.  The rewards cannot be quantified by what one person has accomplished, because it has some multiplier effects.  Organizational efficiency is also improved.  For those in management, they will gain much experience which they can easily pass to others through mentoring and coaching.  With their employees, they will also feel a sense of having accomplished something meaningful.  Management also gives one the ability to go beyond one's natural range, stretching the person's abilities, and enabling her to attain better outcomes than initially imagined.

3 0
3 years ago
In 2019, George and Martha are married and file a joint tax return claiming their two children, ages 10 and 8 as dependents. Ass
Tresset [83]

Answer:

The answer is option (b)$4,000

Explanation:

Solution

Given that:

Now

The income of George and Martha is =$119.650

For year 2019 child tax credit is $2,000 per dependent child subject to a minimum income of $2,500.

The Income limit for Married Jointly Filed is= $400,000.

Thus

They are eligible for $2,000 tax credit per child.

So,

Tax Credit = $2,000 * 2

= $4,000

Note: The AGI limit phaseout begins at $400000 for joint tax filers

8 0
4 years ago
Which situation creates scarcity in an economy?
scZoUnD [109]

Answer:

C. Citizens have more wants than they can fulfill with their available resources.

Explanation:

Correct for APEX

4 0
4 years ago
It will gain you more knowledge, intensify your soft skills ethics and grow your network
Paha777 [63]
Awareness.

If you can manage a key component of Emotional Intelligence: Active Listening, you’ll start to learn more because people will trust you, you’ll get better with people and meet more, and you’ll start to see success in work and in life.

Combine your ability to actively listen (to hear and understand what people are saying and demonstrate it) with:

Charisma, grativas, animus
Trustworthyness, authenticity, compassion
Empathy, intelligence and understanding
And you’ll get all those things you asked about because you’ll start to realise it isn’t about you: it’s about everyone else.
5 0
4 years ago
Read 2 more answers
True or false 1. Satisfying customer wants at a reasonable price is important to business success.
Marina CMI [18]
This is a mixture of both. You may lose a customer if you don't but most likely you will still have enough to keep moving forward with your career so I would say False
5 0
3 years ago
Other questions:
  • Straw men approaches to business ethics are used to demonstrate
    9·1 answer
  • What is markerting management
    9·1 answer
  • Rick took his family to a major league baseball game. he gave his son $100 to buy food and drinks for the group. hot dogs cost $
    11·1 answer
  • Can work managers not allow employee to have 15 min breaks? Is anything like that a law or what?
    12·2 answers
  • The required return for Williamson Heating's stock is 12%, and the stock sells for $40 per share. The firm just paid a dividend
    13·1 answer
  • While sailboarding, Jolie is injured when Kirby carelessly crosses her path. Kirby’s insurance company offers Jolie $50,000 to r
    14·1 answer
  • Brandon owes his brother $120. he has a stamp collection worth $1,250 and he has $300 in a bank account. he also has a skateboar
    9·1 answer
  • Assume the carrying capacity of the earth is 13 billion. Use the 1960s peak annual growth rate of 2.1​% and population of 3 bill
    6·1 answer
  • Heather and Alicia work at the same company, but in different departments. Heather is an individual contributor and she is respo
    7·1 answer
  • sells general merchandise directly from the manufacturer at a discount; items may be discontinued or have certain product flaws.
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!