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nevsk [136]
3 years ago
13

True or False: If Kevin's Fire Engines were a competitive firm instead and $160,000 were the market price for an engine, decreas

ing its price from $160,000 to $120,000 would result in the same change in production quantity and, thus, total revenue. True False
Business
1 answer:
Feliz [49]3 years ago
8 0

Answer:

False

Explanation:

Kevin should not rise the level of production from 5 to 6 as the impact of the price dominates this situation

Also the market is not depend on the Kevin fire engines because of the competitive market

Plus the supply and demand relation is inverse and not depend on the change in price level in a competitive market

If the price is decreased from $160,000 to $120,000 so the quantity of the production would not be impacted

In addition to this, the total revenue could be impacted when there is a reduction in the price that produced more sale due to this there is a slightly change in upward and downward

Also the change would never be in the similar production as compare to the change in price

Therefore the given statement is false

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Answer:

The correct answer is C. Validity check.

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(A) creating superior customer value and satisfaction.

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4 years ago
An ""offer"" to sell an item on an online auction site generally is treated as an invitation to negotiate. True or false?
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4 years ago
After receiving the seller’s transfer disclosure statement, buyer clark rivers is not satisfied that all has been revealed. he’s
Neporo4naja [7]

Answer:

Both b. and c.

That is

b. i’m sorry, but the transfer disclosure statement covers all material facts that must be disclosed, and a person having aids is not a material fact, whether or not it would be applicable in this situation.

c. i’m sorry, but i am not permitted to answer this question, as it could be a potential civil rights violation, under the federal and state fair housing laws.

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In the given instance the buyer if the property is asking if the previous tenant had AIDS and wants to use this information in the purchasing process. This is illegal and could result in legal action due to civil rights violation. Discrimination is not allowed in deciding to do business with another party, and the buyer is trying to discriminate on the grounds that the previous owner had AIDS.

Also in disclosing relevant information, wether the previous owner had AIDS is irrelevant to the sale of the house as it does not affect the quality of the house.

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