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
Elena L [17]
3 years ago
12

Assume there is a simultaneous decrease in the incomes of people in the market for new homes and a decrease in the wages paid to

carpenters, plumbers, and electricians. All else constant, we can predict, with certainty, that in the market for new homes the equilibrium:
Business
1 answer:
ioda3 years ago
4 0

Answer:

Lower price for new houses.

Explanation:

The decrease in the income of people will decrease the demand for houses and the demand curve will shift leftwards. Meanwhile, the decrease in the wages for carpenters, plumbers, etc will decrease the cost of production so the producer will supply more when the cost of production decreases. So supply curve will shift rightwards. Resulting there will be lower prices due to shifts in the leftward demand curve and rightward supply curve.

You might be interested in
Corporation makes one product. July August September October Budgeted unit sales 8,500 9,000 13,900 11,100 - The ending finished
s344n2d4d5 [400]

Answer:

$133,704

Explanation:

The budgeted required production for August is computed as follows:

Budgeted sales in units 9,000

Add desired ending inventory 5,560

(September sales of 13,900 units × 40%

= 5,560 units)

Total needs 14,560

Less beginning inventory 3,600

(August sales of 9,000 units × 40%

= 3,600 units.)

Required production 10,960

The budgeted raw material purchases for August are computed as follows:

Required production in units of finished goods 10,960

Units of raw materials needed per unit of finished goods 6

Units of raw materials needed to meet production(10,960×6) 65,760

Add desired units of ending raw materials inventory 7,688

(76,680 pounds × 10% = 7,668 pounds)

Total units of raw materials needed 73,428

Less units of beginning raw materials inventory 6,526

( 65,760 pounds × 10% = 6,576 pounds)

Units of raw materials to be purchased 66,852

The budgeted cost of raw material purchases for August is computed as follows:

Units of raw materials to be purchased (a)$66,852

Unit cost of raw materials (b)$2.00

Cost of raw materials to be purchased (a) × (b)$133,704

8 0
3 years ago
Which of the following is true regarding externalities? Group of answer choices Externalities can only be corrected with governm
Valentin [98]

Answer: Externalities occur when the actions of an individual or group spill over onto others, without their consent.

Explanation:

By definition, an Externality is the effect of an action by an individual or group that spills over onto third parties without their consent.

Externalities can be either negative or positive. A positive externality for instance would be bees from a bee farm pollinating flowers in the environment.

A negative externality would be air pollution from China for instance contributing to global warming effects experienced in Northern Africa.  

5 0
3 years ago
In a small​ town, a steel mill produces air pollution. if the government does not​ intervene, the equilibrium price of steel wil
JulijaS [17]

Answer: a. less than the socially optimal​ price, greater than the socially optimal quantity

Explanation:

The steel mill is producing steel and selling at a rate that does not account for the pollution that it is causing. Because of this, it is selling at a lower equilibrium price than what it would had the Pollution been accounted for.

The Steel Mill is also selling quantity that is greater than what would be considered socially optimal because the socially optimal level would account for the pollution and adjust in such a way that the Pollution is minimized

3 0
3 years ago
Plz help me 25 points!!!! Thxxx <3
jarptica [38.1K]

Answer:

Explanation:

The first one get advice and information is can I contact you with any other questions that I may have? The second one build your professional network is in what’s ways is my resume lacking if I want to find a psotion as a mechanic and the last one is the first one

I THINK THESE ARE THE CORRECT ANSWERS BUT TRY TO LOOK IT UP FIRST

8 0
2 years ago
Name and describe three ways that companies can benefit from being ethical.
dalvyx [7]
Higher revenues – demand from positive consumer support.
Improved brand and business awareness and recognition.
Better employee motivation and recruitment.
3 0
3 years ago
Other questions:
  • Pharoah Company began operations in July 2020. At the end of the month, the company prepares monthly financial statements. It ha
    7·1 answer
  • An antiques dealer buys a grandfather clock for $200. she sets the selling price at $350. when the clock doesn't sell after two
    10·1 answer
  • When manufacturing overhead costs are assigned to production in a process cost system, it means that
    8·1 answer
  • Drew monthly net income is 800 what is the maximum he should use on debt payments
    10·1 answer
  • You have to make a college choice by the end of the month, and you have been accepted by three schools. your parents want you to
    7·1 answer
  • Mm mjhuuuuuuuuuuuuuuuuuuuuuh
    9·2 answers
  • Last year, Kurt invested $1,000 in ABC stock, $1,000 in long-term government bonds, and $1,000 in U.S. Treasury bills. Over the
    13·1 answer
  • Disadvantages of unit trust investment​
    15·1 answer
  • The management of L Corporation is considering a project that would require an investment of $225,000 and would last for 6 years
    9·1 answer
  • The following units of a particular item were available for sale during the year:
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!