Business, 22.09.2020 14:01 jaxondbagley
Sam is skilled at making both necklaces and earrings. Sam has no preference between making necklaces or earrings since he earns the same amount from the two activities. If the selling price of earrings decreases from $40 to $20, then Sam's opportunity cost of making necklaces and making necklaces is now profitable than making earrings. Suppose that the necklaces market consists of several suppliers like Sam who are skilled at making both necklaces and earrings. Which of the following is likely to happen to the supply curve of necklaces when the price of a earrings decreases?
A. It does not change
B. It shifts to the left
C. It shifts to the right
Answers: 2
Business, 21.06.2019 19:00
What does the consumer price index measure? a. the change in prices of all goods and services over time b. the change in prices of specific goods and services over time c. the change in prices of final goods and services over time
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Business, 22.06.2019 19:30
Problem page a medical equipment industry manufactures x-ray machines. the unit cost c (the cost in dollars to make each x-ray machine) depends on the number of machines made. if x machines are made, then the unit cost is given by the function =cx+β0.3x2126x31,935 . how many machines must be made to minimize the unit cost?
Answers: 3
Business, 22.06.2019 23:30
Decision alternatives should be identified before decision criteria are established. are limited to quantitative solutions are evaluated as a part of the problem definition stage. are best generated by brain-storming.
Answers: 1
Sam is skilled at making both necklaces and earrings. Sam has no preference between making necklaces...
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