Business, 09.03.2021 18:30 pattydixon6
For the following questions answer whether supply will increase (shifting of curve to right) or decrease (shifting of curve to left) or not at all. In addition, give your reason for your answer by referencing one of the supply shifters (technology, number of producers/suppliers), natural conditions, cost of resources/inputs, expectations of future price, Government policy), if applicable.
EXAMPLE: Headline- "Nintendo decides to get out of the video game market and stop producing video games". How would this affect the supply of Video Games?
ANSWER: Supply of video games would go down (Supply Curve Shifts Left) because of the NUMBER OF PRODUCERS. In this case there will less companies making video games, which means less supply
4. Headline- “New machines increase the speed of making computer chips, making them cheaper.” How will this headline affect the supply curve for computers? Why?
5. Headline- “Huge oil spill in the Gulf” How will this headline affect the supply curve for shrimp? Why?
6. Headline- “Government votes to pass new cigarette tax.” How will this headline affect the supply curve for cigarettes? Why?
7. Headline- “Gresham sees a decrease in drive through coffee shops.” How will this headline affect the supply curve for coffee? Why?
8. Headline- “Prices of oil at an all time high, expected to lower next year.” How will this headline affect the supply curve for gasoline? Why?
9. Headline- “Government approves subsidy to pay farmers to help produce produce corn.” How will this headline affect the supply curve for corn? Why?
10. Headline- “New machines increase the speed of making computers.” How will this headline affect the supply curve for computers? Why?
Answers: 1
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Lindon company is the exclusive distributor for an automotive product that sells for $30.00 per unit and has a cm ratio of 30%. the company’s fixed expenses are $162,000 per year. the company plans to sell 20,200 units this year. required: 1. what are the variable expenses per unit? (round your "per unit" answer to 2 decimal places.) 2. what is the break-even point in unit sales and in dollar sales? 3. what amount of unit sales and dollar sales is required to attain a target profit of $72,000 per year? 4. assume that by using a more efficient shipper, the company is able to reduce its variable expenses by $3.00 per unit. what is the company’s new break-even point in unit sales and in dollar sales? what dollar sales is required to attain a target profit of $72,000?
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Need today! will get brainliest for right answer! compare and contrast absolute advantage and comparative advantage.
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Alinguist had a gross income of 53,350 last year. if 17.9% of his income got witheld for federal income tax, how much of the linguist's pay got witheld for federal income tax last year?
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For the following questions answer whether supply will increase (shifting of curve to right) or decr...
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