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denis23 [38]
3 years ago
14

6 . How shifts in demand and supply affect equilibrium Consider the market for pens. Suppose that the number of students with an

allergy to pencil erasers increases, causing more students to switch from pencils to pens in school. Moreover, the price of ink, an important input in pen production, has increased considerably.
Business
1 answer:
Tresset [83]3 years ago
5 0

Answer:

Suppose that the number of students with an allergy to pencil erasers increases, causing more students to switch from pencils to pens in school.

  • This will shift the demand curve to the right, increasing the total demand at all price levels.

Moreover, the price of ink, an important input in pen production, has increased considerably.

  • This will shift the supply curve to the left, increasing the price of pens at every demand level.

What is sure is that the price of pens will increase. It is likely that the quantity demanded increases, but the extent by which the quantity demanded will increase is unknown.

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Suppose that the only café in town can sell five fish dinners per night at a price of $10 each. If this monopoly firm wants to s
UNO [17]

Answer:

a.$4

Explanation:

initial price of fish dinner per piece was= $10

no. of fish dinner sold = 5

total initial revenue= 5*10= $50

new price of fish dinner = $9

and now six  fish dinners are sold

new revenue= 6*9= $54

therefore the marginal revenue from the sixth dinner sold= 54-50= $4

hence option a is correct

4 0
3 years ago
Describe why most countries are described as having a mixed economy​
Tamiku [17]

Explanation:

A mixed economic system is a system that combines aspects of both capitalism and socialism. A mixed economic system protects private property and allows a level of economic freedom in the use of capital, but also allows for governments to interfere in economic activities in order to achieve social aims.

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3 years ago
The most recent financial statements for Live Co. are shown here: Income Statement Balance Sheet Sales $14,000 Current assets $3
Sav [38]

Answer:

The sustainable growth rate is 16.52%

Explanation:

To compute the substantial growth rate, first, we have to calculate the retention ratio. The formula to compute the retention ratio is shown below:

= 1 – payout ratio

= 1 – 0.16

=0.84 or 84%

Now, we use the formula of substantial growth rate which is shown below:

= (Return on equity × retention ratio) ÷ { 1 -  (Return on equity × retention ratio)}

where,

Return on equity = (Net income ÷ total equity) × 100

                            = ($3,640 ÷ $21,560) × 100

                            = 16.88%

= (16.88% × 84%) ÷ ( 1 -  16.88% × 84%)

= 0.141792 ÷ (1 -  0.141792 )

= 0.141792  ÷ 0.858208

= 0.1652 or 16.52%

8 0
3 years ago
Summarize the different ways someone could earn money by owning a share of Exxon.
zhenek [66]

Answer:

its a pretty reliable stock, depends if youre going for long term or short term. It could earn you in the long term, but short term isnt really going to make you hundreds. Tesla is a good bet

Explanation:

3 0
3 years ago
Suppose, before the 2016 presidential elections, the League of Women Voters wanted to sponsor a three-way debate among the leadi
iren [92.7K]

Answer:

No. Clinton would lose the right to use that time.

Explanation:

As you may already know, during a presidential election it is common for candidates to participate in debates. These debates allow them to express their views on important factors in national politics, as well as giving these candidates the opportunity to present their political ideas, what they stand for and why they deserve your vote.

The debates must be held in a democratic way, allowing all candidates to have equal opportunities in terms of time and condition to speak. Within a debate, the time set aside for one candidate must be equal to the time set aside for the other, however, if one of the candidates refuses to participate in the debate, he / she loses the right to that time and cannot use it in a ground cover to promote your company.

6 0
3 years ago
Read 2 more answers
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