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Olegator [25]
3 years ago
12

Assume the smart watch industry is a perfectly competitive industry that uses a specialized input. If this industry experiences

an increase in demand, we might expect that in the long run: Multiple Choice neither input nor output prices will increase. both input and output prices will increase. only input prices will increase. only output prices will increase.
Business
1 answer:
RideAnS [48]3 years ago
5 0

Answer:

Option B, both input and output prices will increase

Explanation:

Since the demand far smart watches is increasing, the price of watches will escalate to cater the opportunity cost. With the rising demand for smart watch, the demand for specialized input will also increase. Considering the growth in demand for specialized input, its cost shall also escalate to take the benefit of opportunity. Along with raw material, variable costs such as transportation, manpower, electricity etc.  will also increase both in input (bringing raw material and producing final product) and output (export of the final product)

In nut shell, both the input and output price will increase.

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If an agent has, within the scope of the agency relationship, committed both negligent and intentional acts resulting in injury
eduard

Answer:

may be liable for both the negligent and intentional acts.

Explanation:

In the case when an agent is within the scope of agent relationship that committed both type of acts i.e. negligent and intentional that results the injury to the third party so here the principal may be liable for both the act i.e. negligent and intentional as it is followed by the doctrine of respodeat superior

Therefore the second option is correct

7 0
3 years ago
What would most likely happen if the value of the U.S. dollar fell?
kap26 [50]

Answer:

C

Explanation:

I just did it and got it right :))

6 0
3 years ago
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You know the following information about the Miller State Bank Gross Loans$300 Miscellaneous Assets$50 Deposits$390 Total Equity
lesantik [10]

Answer:

The Firm's Total Liabilities is $450

Explanation:

Use the accounting equation to calculate the Total Liabilities

Total Assets = Total Equity + Total Liabilities

Now rearrange the accounting equation to make the required formula

Total Liabilities = Total Assets - Total Equity

Where

Total Assets = $500

Total Equity = $50

Placing values in the formula

Total Liabilities = $500 - $50

Total Liabilities = $450

8 0
3 years ago
A firm has $800,000 in paid-in-capital, retained earnings of $40,000 (including the current year's earnings), and $25,000 shares
vfiekz [6]

Answer:

The correct answer for option (a) is $1.6 per share and for option (b) is decrease in cash and retained earning.

Explanation:

According to the scenario, the computation for the given data are as follows:

(a) We can calculate the amount that firm can pay in cash dividend by using following formula:

Amount to pay in cash dividend = $40,000 ÷ 25,000

= $1.6 per share

(b). If the cash dividend is $0.80 per share than the cash and retained earning can be calculated as follows:

Cash and retained earning = $0.80 × 25,000 = $20,000

As $20,000 is less than previous, than it will decrease the cash and retained earning.

5 0
4 years ago
Statutes that are enacted to protect the public are called licensing statutes. Generally, unlicensed persons cannot recover paym
guapka [62]

Answer:

If a statute is silent on this point, enforcement depends on whether it is a(n) REGULATORY statute or a revenue-raising statute.

Explanation:

Regulatory statutes regulate practitioners, e.g. doctors, constructors, real estate brokers, dentists, etc., and its main purpose is to protect the general public. This statues are state laws meant to regulate certain professions that may be considered sensitive or hazardous. E.g. a person that pretends to be a doctor can severely injure a patient or even kill him/her. A person that pretends to be a real estate broker can be committing fraud against his/her clients.  

8 0
4 years ago
Read 2 more answers
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