Business, 06.03.2020 23:33 PinkDivaGirl02
Consider a competitive market with a large number of identical firms. The firms in this market do not use any resources that are available only in limited quantities. In this market, an increase in demand will .
a. increase price in the short run but not in the long run.
b. increase price in the long run but not in the short run.
c. increase price both in the short and the long run.
d. not affect price in either the short or the long run.
Answers: 3
Business, 22.06.2019 19:30
Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.
Answers: 1
Business, 23.06.2019 02:10
Which of the following describes a situation in which there would be decreasing marginal utility? a. buying only necessities. b. buying a car to substitute for riding the bus. c. buying food in bulk to save money in the long run. d. buying a second winter coat.
Answers: 2
Business, 23.06.2019 12:30
All else held constant, an increase in the price of tablets will result in a
Answers: 1
Business, 23.06.2019 13:00
According to the weather forecast, there will be at least 40.5 inches of rainfall next year is an example of which type of probability
Answers: 1
Consider a competitive market with a large number of identical firms. The firms in this market do no...
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