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irinina [24]
2 years ago
5

When companies like Uber and Lyft join the ride-share market, what would we most likely expect to see cab drivers do to their pr

ices
Business
1 answer:
Rainbow [258]2 years ago
6 0

We would most likely expect to see cab drivers reduce their prices.

<h3>Why would cab drivers reduce their prices?</h3>

When Uber and Lyft join the ride-share market, there would be an increase in the supply of cab drivers. As a result, the supply curve for cab drivers would shift to the bright. This would increase equilibrium quantity and reduce equilibrium price.

Please find attached a curve that depicts an increase in supply. To learn more about supply, please check: brainly.com/question/14727864

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A manufacturer reports the following costs to produce 10,000 units in its first year of operations: Direct materials, $10 per un
blagie [28]

Answer:

$28,000

Explanation:

The cost per unit, under absorption costing is given by the total producing cost divided by the number of units produced.

Cost = Units x (Direct materials + Direct labor) + Variable and Fixed overhead

Cost = 10,000*(\$6+\$10) +\$120,000+\$70,000\\Cost = \$350,000

The cost per unit is:

C_u=\frac{\$350,000}{10,000}\\C_u = \$35

The value of inventory is given by the remaining units in inventory multiplied by the cost per unit

I=800*\$35\\I=\$28,000

The value of inventory, under absorption costing, is $28,000.

8 0
2 years ago
The financial planning life cycle divides an individual's life into three stages. In stage 2, the focus of individual financial
Sav [38]

Answer:process of preserving and increasing the wealth

Explanation:The Financial Planning Life Cycle

Financial planning cycle outlines to us how one goes about starting to build wealthy,through their lifetime and how are they able to actual preserver what the have accumulated while they keep accumulating more.

It comprises of the following stages the first one being the starting point where one is focused on building wealthy. Second focusing on how one aims at preserving and increasing what they have already accumulated and third stage focuses on how one continues to live and grow from what they have saved.

8 0
3 years ago
You are tasked with generating twice the amount of qualified leads your company generated last quarter. With your company’s bott
alekssr [168]

Answer:

OPTION "b" will be the correct answer.

Explanation:

From the following is the most strategic approach to take is that you could increase the chances of your current traffic choosing to convert and move down your funnel. Over time, this has the potential to drastically lower your cost to acquire a customer and positively impact your return on investment. The option "b" fulfills the demand of the situation mentioned and this will be the most significant option to be selected while suffering the situation.

8 0
3 years ago
The __________ primarily provides for the financing of economic development projects throughout the world.
sergeinik [125]

The World Bank primarily provides for the financing of economic development projects throughout the world.

<span>World Bank is an international financial organization that allows countries around the world to have a loan for capital programs of a certain countries especially programs aiming to end poverty.</span>

7 0
3 years ago
__________ is a market failure that the government might seek to change through intervention
hammer [34]

Answer: A positive externality, negative externality and asymmetric information

Explanation:

A market failure is one of the type of economical situation in which the  the various types of products and the services are distributions in an inefficient manner.

A positive externality, negative externality and an asymmetric information are the market failure that the government wants to change by the process of intervention

Externality is one of the type of advantage or cost that basically affect the third party in the economics so the free market under consuming the various types of products. Therefore, the given answer is correct.  

5 0
3 years ago
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