Business, 03.12.2019 02:31 22nathanieltimms
Ardenia is a small, open economy. its market for breakfast cereals can be considered competitive, with many producers and limited product differentiation. at the current market price of $10, a representative firm supplies 1,000 twenty-ounce packs of cereals per month. tis allows the firm to earn $1,500 in economic profits. when the demand for cereals increased and the price went up to $10.5 per twenty-ounce pack, an industry analyst claimed that this would ensure a higher market share for each existing producer. this conclusion is flawed because . consumer surplus falls when price rises. b. new firms are likely to enter the market and compete away the profits. c. some consumers will exit the market because of the higher price. d. the analyst is ignoring the fact that marginal cost increases when firms increase quantity supplied. e. the analyst is assuming that the demand for breakfast cereals is elastic .
Answers: 2
Business, 21.06.2019 20:20
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Business, 21.06.2019 22:20
Amachine purchased three years ago for $720,000 has a current book value using straight-line depreciation of $400,000: its operating expenses are $60,000 per year. a replacement machine would cost $480,000, have a useful life of nine years, and would require $26,000 per year in operating expenses. it has an expected salvage value of $130,000 after nine years. the current disposal value of the old machine is $170,000: if it is kept 9 more years, its residual value would be $20,000. calculate the total costs in keeping the old machine and purchase a new machine. should the old machine be replaced?
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Business, 22.06.2019 10:30
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Business, 22.06.2019 12:40
Which of the following tasks would be a line cook's main responsibility? oa. frying french fries ob. chopping onions oc. taking inventory of stocked dry goods od. paying invoices
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Ardenia is a small, open economy. its market for breakfast cereals can be considered competitive, wi...
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