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
stepladder [879]
3 years ago
10

What will be the effect on short-run price, quantity, and profit if a technological development reduces marginal costs in a comp

etitive market
Business
1 answer:
Studentka2010 [4]3 years ago
5 0

Answer:

Price

The price in the short-run will decrease because with less marginal costs, producers would produce more goods and services which would shift the supply curve to the right. The new intersection with the demand curve will be at a lower price.

Quantity

As said above, producers would produce more goods and services which means that the quantity supplied will increase.

Profit

This is a competitive market. Each firm will earn zero profits because the drop in price will match the drop in marginal costs to ensure that firms are not making anything extra.

You might be interested in
Describe each term below and provide an example of a company (real or imagined) that uses this concept. Describe how it impacts
blagie [28]

Answer:

All are type of the computer systems.

Explanation:

  • A distributed processing system is a phase that is used to refers to refers to the variety of the computer systems and includes the compact processing and on the different systems and coordinates their actions by passing messages to each other.  
  • The decentralized system is the transmission between the computer periodically and in limiting the daily communication and is opposite of the high sped and the data processing. The example of the decentralized system is the file-sharing through the scanner and the modern and the printers.
  • While that of the centralized system is the CPU and has a hosted computing system and distributed processing is through the database-centric architecture.
5 0
3 years ago
Suppose there is a major technological advance in the production of a good that causes production costs to fall. If demand for t
victus00 [196]

Answer:

major key

Explanation:

the decrease of the price and quantity

6 0
3 years ago
The following are insured for medical payments under a Personal Auto Policy (PAP):
Marina86 [1]

Answer:

The correct answer to the following question is option D) all of the above statements A,B,C are correct .

Explanation:

Personal auto policy (PAP) is a pretty standardize policy design for auto insurance , where such policies provides coverage for medical payments , damage from both under insured and un insured motorists, for the liability and any damage to the vehicle. Under this policy any person who is injured by insured or insured himself or his family members and even any other person who is in possession of covered auto are all insured for receiving medical payments.

3 0
3 years ago
Jessica submitted to cancel event request form to cancel event she is scheduled to conduct three weeks from today the only adver
postnew [5]

Jessica submitted to cancel event request form to cancel the event she is scheduled to conduct three weeks from today the only advertising she has done is to post the flyer at the event venue and select the cancellation procedure she does not need to follow is to arrive at the location at the appointed time for the event and remain there for 30 minutes in case any attendees come.

United HealthCare's(UHC) event cancellation reporting rules include:

  • The last advised date for submitting a cancel event request form was no later than six business days before the event in order to ensure that an event is canceled in United Healthcare's event reporting application by the reporting deadline.
  • Except in cases of adverse weather, events must be canceled and reported in the united healthcare event reporting application at least one business day before the event.

Hence, if Jessica submitted to cancel event request form to cancel the event she is scheduled to conduct three weeks from today the only advertising she has done is to post the flyer at the event venue and select the cancellation procedure she does not need to follow is to arrive at the location at the appointed time for the event and remain there for 30 minutes in case any attendees come.

Learn more about Advertising:

brainly.com/question/14227079

#SPJ1

5 0
2 years ago
Erik is an investor with $5,000 available for investment. He has the following three investment possibilities from which to choo
Elanso [62]

Answer: None of these descriptions is accurate for Erik as he does not care about the level of risk involved and is indifferent to all the investment options and their risks.

Devin is risk averse as he decides to choose the safest option which is keeping the money as cash for one year.

Explanation:

5 0
3 years ago
Other questions:
  • Given the following data for Glennon Company, compute (A) total manufacturing costs and (B) costs of goods manufactured: Direct
    15·1 answer
  • _____ optimists point out how the internet vastly expands the range of political commentary.
    8·1 answer
  • The 12/31/2018 balance sheet of Despot Inc. included the following: Common stock, 25 million shares at $20 par $ 500 million Pai
    6·1 answer
  • Dobson Construction has an investment project that would cost $150,000 today and yield a one-time payoff of $167,000 in three ye
    11·2 answers
  • PDQ Repairs has 200 auto-maintenance service outlets nationwide. It performsprimarily two lines of service: oil changes and brak
    11·1 answer
  • Use the following scenario to answer the following questions: Suppose that Canada, an industrialized nation, and Mexico, a devel
    13·1 answer
  • Identify the following costs as fixed or variable:
    11·1 answer
  • Cost flow relationships The following information is available for the first year of operations of Creston Inc., a manufacturer
    5·1 answer
  • When an analyst is looking at a company for the first time, which of the following four activities does he do first?
    5·1 answer
  • What is collateral?
    10·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!