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
zhannawk [14.2K]
3 years ago
7

If a technological advance reduces the amount of variable resources needed to produce any level of output, then the

Business
1 answer:
julsineya [31]3 years ago
7 0

Answer: Marginal Cost curve will shift downward

Explanation:

In a situation whereby technological advance brings about a reduction in the amount of variable resources that are needed for the production of any level of output, then there will be a downward shift of the marginal cost curve.

You might be interested in
Which aspect of the Omnibus Trade and Competitiveness Act allows a U.S. president the authority to restrict sales of a country’s
Kipish [7]

Answer:

Market Access

Explanation:

Based on the information provided within the question it can be said that the aspect that is being mentioned is known formally as Market Access. This term refers to the process of making sure that anyone who may benefit has fast and easy access to the brands that are being sold and at the correct price, and that there are no unfair restrictions being imposed.

3 0
3 years ago
A local art gallery keeps information on its customers regarding their preferences forcertain artists as well as the style of ar
notsponge [240]

Answer:

A - Value co - creation

Explanation:

Value co - creation is a strategy that promotes and encourages active involvement from the customer to create on-demand and made-to-order products. with this strategy,  consumers get exactly what they want and are involved in making it happen. So the Art gallery using such information is clearly using a value - co creation strategy to build loyalty among its customer.

4 0
3 years ago
A decrease in money demand for some reason other than a change in the price level causes _________.
goldenfox [79]

Answer:

A

Explanation:

3 0
3 years ago
LO 4.4Assigning indirect costs to specific jobs is completed by which of the following?
LUCKY_DIMON [66]

Answer:

using the predetermined overhead rate

Explanation:

The indirect cost is also known as the overhead cost. The overhead cost are those cost which is related to the factory expenses like - depreciation, property taxes, utility expense, rent expense, repairs expense, indirect labor, and indirect material cost, etc

As we know

Predetermined overhead rate = (Total estimated manufacturing overhead) ÷ (estimated direct labor-hours) or (estimated machine labor-hours)  

As the case maybe

By using the predetermined we can easily allocate the indirect cost to the specific cost

6 0
3 years ago
All the combinations of goods and services that can be produced if all of society's resources are used efficiently are represent
kondaur [170]

Answer:

C. Production Possibility frontier

Explanation:

The production possibility frontier (PPF) is a graph that shows what levels of output of two goods can be produced using available resources and technology.

Just individuals can not have everything they want and must make choices between different goods, society as a whole also can't have everything it might want either. This PPF depicts constraints faced between the resources

6 0
3 years ago
Other questions:
  • Economic studies have generally found that professional sports players have salaries that
    5·1 answer
  • Selling insurance without a license without misappropriating premium funds is a ________.
    12·1 answer
  • True or false
    9·1 answer
  • If I have a half circle how many degrees are they?
    11·1 answer
  • Classifying Cash Flows Identify the type of cash flow activity for each of the following events (operating, investing, or financ
    13·1 answer
  • * Help you guys please* Would you be willing to pay extra money to use nitrogen in your tires? Explain why or why not
    10·1 answer
  • Under absorption costing, which of the following statements is not true? Multiple Choice Fixed inventory costs are treated in th
    12·1 answer
  • .Daniel’s team had to analyze the last two vendors across four categories. Which basic characteristic groups of the potential pr
    11·1 answer
  • Jeremy is concerned about his selection of a new hair spray because he is concerned it will not perform as well as his usual bra
    9·1 answer
  • What is an example of a general safety hazard?
    11·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!