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Aleksandr [31]
3 years ago
6

Suppose the price of sweet corn increases this summer (and is expected to remain at this level for at least a couple of years).

All other things being the same, you would expect: quantity supplied to remain constant for the following summers. quantity supplied to increase by the same amount as each of the following summers. quantity supplied to increase more this summer than in the following summers. quantity supplied to increase more in the following summers than this summer.
Business
1 answer:
andreyandreev [35.5K]3 years ago
6 0

Answer:

The expectation would be for the quantity supplied to increase more this summer than in the following summers.

Explanation:

The quantity supplied would increase because the quantity supplied always follows the same direction as price, and since the price is not expected to change for a few years, then the quantity will also not change after the first increase.

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When a single firm can supply a product to an entire market at a lower cost than could two or more firms, the industry is called
-BARSIC- [3]

Answer:

D. Natural Monopoly

Explanation:

Natural Monopoly occurs when a single firm can supply a product to an entire market at a lower cost than could two or more firms. A natural monopoly is based on economies of scale.

Economies of scale act as a barrier to entry because one large firm can produce the market output at a lower average cost than several small firms.

A natural monopoly is created by substantial economies of scale.

Natural monopoly is a type of monopoly that exists due to the high starts-up cost or powerful economies of scale.

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3 years ago
If a firm with a positive net worth is operating its fixed assets at full capacity, if its dividend payout ratio is 100%, and if
notka56 [123]

Answer:

True

Explanation:The Dividend pay out ratio of a company is the ratio of the total devidend paid to shareholders in relation to the net income earned by the company during a financial year.

Fixed assets are assets purchased in order to be used on the long term,theses types of assets are not usually converted in the short term for money,fixed assets includes buildings,land etc.

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4 years ago
Gomez runs a small pottery firm. He hires one helper at $12,000 per year, pays annual rent of $5,000 for his shop, and spends $2
bearhunter [10]

Answer: Accounting profit = $35000, Economic profit = $13000

Explanation:

Accounting profit = Revenue - Explicit cost

Accounting profit = Revenue - Cost of Help - Rent - Cost of materials

Accounting profit = $72000 - $12000 - $5000 - $20000

Accounting profit = $35000

Economic profit = Revenue - Explicit cost - Implicit Cost

Economic profit = Revenue - Cost of Help - Rent - Cost of materials - Renting equipment - working for competitors - talent

Economic profit = $72000 - $12000 - $5000 - $20000 - $4000 - $15000 - $3000

Economic profit = $13000

5 0
3 years ago
Samir, the new CEO of Cloud Marketing, has been with the firm for over 25 years. He was picked by the board to turn the 85-year-
artcher [175]

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Embedding culture.

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Embedding culture requires determining your leadership style, role modeling, teaching, and coaching. It is seen in how rewards and status is given and to whom, and in our criteria for recruitment, selection, promotion and excommunication of members.

4 0
3 years ago
1) You are considering purchasing a 20 year bond from Saudi Arabia. You have a required return
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Answer:

$812.20

Explanation:

Given the following bond characteristic:

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Market or yield rate = 15%

Years to maturity = 20 years

Face or par value = $1000

Inputting the values into a bond value calculator, the bond value output is : $812.20

This means that the sum of the present value of all likely coupon payment and par at maturity. It is simply the present value of all cash streams it is projected to generate.

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