The smartphone market is in long-run equilibrium. Then the demand for smartphones increases. Describe what happens in the market for smartphones. In the short run, firms will . A. incur an economic loss B. continue to break even C. make an economic profit Some firms will the market, and the market supply curve will shift . A. enter; rightward B. enter; leftward C. exit; rightward D. exit; leftward

The questions of economics address which of the following ? check all that apply

Down under products, ltd., of australia has budgeted sales of its popular boomerang for the next four months as follows: unit salesapril 74,000may 85,000june 114,000july 92,000the company is now in the process of preparing a production budget for the second quarter. past experience has shown that end-of-month inventory levels must equal 10% of the following month’s unit sales. the inventory at the end of march was 7,400 units.required: prepare a production budget by month and in total, for the second quarter.

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