Assume that both input and product markets are competitive. if capital is fixed and the product price increases, in the short run firms will increase production by increasing?

Answers

Answer 1

In the short run, if capital is fixed and the product price increases, firms will increase production by increasing their level of labor input.

When both input and product markets are competitive, firms aim to maximize their profits. In the short run, where capital is fixed, firms have limited flexibility to adjust their capital inputs. However, they can vary their labor inputs to respond to changes in product prices.

With an increase in product price, firms experience higher revenues for each unit sold. To maximize their profits, they would want to produce more output to take advantage of the higher prices. Since capital is fixed in the short run, the only variable factor of production that firms can adjust is labor. By increasing the level of labor input, firms can increase their production output to meet the higher demand and maximize their profits.

It's important to note that this response is applicable in the short run, where capital inputs cannot be easily adjusted. In the long run, firms have more flexibility to adjust both capital and labor inputs to optimize their production levels based on market conditions.

Therefore, in the short run with fixed capital and competitive markets, an increase in product price will lead firms to increase production by increasing their labor input.

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Related Questions

What does a speech-language pathologist do?

Answers

Answer:

they help treat and prevent disorders affecting an adult or a childs swallowing.

Explanation:

so basically, people who have trouble speaking or swallow alot while trying to speak see a speech-language pathologist to get treatment to be able to prevent this from happening and improving their speech. Not all cases have to do with swallowing sometimes its just a persons speech itself, sometimes even lisps.

1. Unit 8 provided several examples of businesses in which pricing plays an essential role in the business's identity. Think of an example of a business in your community whose reputation is also based on an aspect of pricing and explain how pricing forms the identity of the brand.

Answers

Answer:

Examples of businesses in which pricing plays an essential role in the business's identity are;

1) PEP, 2) Market Square, 3) Walmart, 4) Target, 5) Eko Hotel

Shoprite

Pricing forms the the identity of the Shoprite brand because the charges for the items sold are reduced to the lowest minimum, such that customers are attracted to their outlets as a customer can get a wide variety of popular, local, and rear at affordable prices

Explanation:

Under the product liability theory of strict liability as expressed in the Restatement (Second) of torts, what is an essential fact that must be present if strict liability may be used in a lawsuit as the basis for recovery

Answers

Answer:

A). The product  must be unreasonably dangerous.

Explanation:

The 'product liability theory of strict liability' law may consider the manufacturer or retailer liable for injuries caused by the use of their product even if that product has been designed safely for the consumers and it contains a warning label also that clearly states the harm it may cause. But the application of strict liability takes place only on the condition of 'the product being unreasonably dangerous' and the risk of harm(as thought by manufacturer) surpasses the advantages. Thus, option A is the correct answer.

Every T account has two sides, credit and credit side.

True
False​

Answers

Answer:

False

Explanation:

The two sides are DEBIT and credit.

What is the effective annual rate for a bond with a 7 percent yield to maturity that makes semiannual interest payments

Answers

The effective annual rate for this bond is 7.12%.

The effective annual rate (EAR) takes into account the compounding of interest over the course of a year. To calculate the EAR for a bond with a 7 percent yield to maturity that makes semi annual interest payments, we need to first find the semi annual interest rate.

For doing this, we divide the annual yield by 2 (since there are two semi annual payments per year). So, the semi annual interest rate is 3.5% (7% / 2).

Next, we use the following formula to calculate the EAR:

(1 + semiannual interest rate)^2 - 1

Plugging in the numbers, we get:

(1 + 0.035)^2 - 1 = 0.0712

So the effective annual rate for this bond is 7.12%. This means that if you invested $1000 in this bond, you would earn approximately $71.20 in interest over the course of a year (assuming you reinvested the interest payments).

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You stay in a semi-urban setup and near your house, services for senior citizens are
extremely unreliable. How will you plan your service offering? What are the challenges you
will face while creating your service offering

Answers

To address the unreliable services for senior citizens in the semi-urban setup. A needs assessment can be conducted to identify the most pressing issues faced by the elderly community.

This information can then be used to develop a comprehensive service offering that caters to their needs. Challenges such as limited resources, lack of funding, cultural and language barriers, and inadequate support from the government or community may arise during the creation of the service offering. Overcoming these challenges will require collaboration with other organizations and stakeholders, leveraging resources, and using creative solutions such as technology to improve service delivery and outreach.

The goal should be to create a sustainable network of support for the elderly population in the community.

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According to the video, which tasks are Special Education Teachers likely to perform? Check all that apply
teaching basic subject material
driving students to and from school
working with educational technology
working with and meeting with parents
preparing lesson plans
volunteering in public libraries
interviewing other teachers to hire

Answers

Answer:

A,C,D,E

Explanation:

All right

Answer:

A,C,D,E

Explanation:

How does procrastination affect your time management?.

Answers

Answer:

cost of procrastination is the life you could have had

Explanation:

my head hurts:((

gdp per capita means that the gdp is calculated per

Answers

GDP per Capita means that the GDP is calculated per person of a country.

Explanation:

It is calculated by dividing a nation's GDP by its population.

Money serves as a store of value when: Multiple Choice it is a means of holding wealth. there is direct trade of goods and services. it is a basic measure of economic value. it is used to purchase goods and services.

Answers

Answer:

The answer is A.

Explanation:

One of the functions of money is to serve as a store of value(the rest is as a medium of exchange, store of value, unit of account)

Money can be stored as deposit in banks(the money saved in banks), bonds, golds, stocks etc. Money are stored in these as they can easily be converted to cash. What the money is being stored as must be easily be converted to cash.

do you know the answer ​

do you know the answer

Answers

The sources of information for foreign employment Red, personal contacts abroad; Green, recruitment websites and the techniques of getting information of foreign employment notice board, websites etc.

What is foreign employment?

Going from one country to another country in the search of job and for the purpose of earning money is called foreign employment.

The foreign employment has the advantage that it has the ability to experience different cultures, customs, and traditions.

It provides the opportunity to develop a more global and open mindset.

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Which of the following is an example of a physical resource?a. )Cash register used by clerks to make salesb. )Patent for a new coffee press sold only at Tarheel Coffee locationsc. )Janitorial service hired to clean the coffee house after hoursd. )Loans taken to fund a new Tarheel Coffee location in a nearby town

Answers

The correct answer is a. Cash register used by clerks to make sales.A physical resource refers to a tangible asset that is used in business operations.

In this case, the cash register is a physical resource because it is a tangible item that is used by clerks to facilitate sales transactions at the coffee house. It is a physical tool or equipment that is essential for conducting business operations.

The other options mentioned are not examples of physical resources. The patent mentioned in option b is an intangible asset that grants exclusive rights to the inventor and does not have a physical form. Option c refers to a service, which is not a physical resource but rather an intangible resource. Option d mentions loans, which are financial resources and not physical resources.

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QUESTION 22 What is one cost of avoiding insurance? A. falling into debt if faced with a serious problem B. not benefitting from insurance deductibles C. not being able to purchase a car or home D. facing increased probability of accidents

Answers

Answer:

A. falling into debt if faced with a serious problem

According to the aggregate expenditure model in class, the primary determinant of consumption and saving is.

Answers

According to the aggregate expenditure model in class, the primary determinant of consumption and saving is the aggregate expenditure determines the total amount that firms and households plan to spend on goods and services at each level of income.

We make the assumption that there are only two parts to aggregate expenditures: consumption and investment, in order to create a straightforward model. Real gross domestic product and real gross domestic income are interchangeable terms, as we discovered in the chapter on measuring total output and income. Gross domestic product and disposable personal income in this economy would be roughly equal if there were no government or foreign sector. To further simplify things, we'll suppose that retained corporate earnings (also known as retained earnings) and depreciation are both equal to zero. Therefore, for the purposes of this example, we presume that personal disposable income and real GDP are equal.

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Dividends are paid out of profits, and:

(A) dividends are paid before a firm's taxes are paid.

(B) dividend payments must be approved by the firm's board of directors.

(C) dividends are guaranteed.

(D) dividends are usually paid twice a year.
(personal finance question)

Answers

Dividends are given out of profits, and it is commonly pay off twice a year. Option D is correct.

What are dividends?

A dividend is defined as the amount of profit that is available for the distribution by a corporation to its shareholders, this amount of profit is given only when an enterprise earns a profit.

The majority of dividends are paid four times a year, on a quarterly basis, but some companies pay dividends twice a year.

Therefore, option D is correct.

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what does career mean??

Answers

path or progress through life or history. a profession or occupation chosen as one's life's work.

Answer:

Career in the "normal sense" would mean a job that you decided to focus on, in one specific industry. an occupation undertaken for a significant period of a person's life and with opportunities for progress.

Explanation:

the only other way career might be used, would be to tell someone, that a car began to "move swiftly and in an uncontrolled way in a specified direction." (in layman's terms career is a job that you've decided you want to do for a long time.)

110 PART 2 PORTER'S APPROACH TO INDUSTRY ANALYSIS Michael Porter, an authority on competitive strategy, contends that corporation is mes con cemed with the intensity of competition within its incestry

Answers

Michael Porter's approach to industry analysis is based on his ive Forces Fmodel. This model is used to determine the intensity of competition within an industry and to identify the key factors that influence a corporation's ability to compete in the market.

The five forces include:

1. Threat of new entrants: This refers to the ease with which new competitors can enter the market. If there are low barriers to entry, the threat of new entrants is high, and competition within the industry is likely to be intense.

2. Bargaining power of suppliers: This refers to the ability of suppliers to influence the prices of the goods and services they provide. If suppliers have a high degree of bargaining power, they can exert more control over the prices of their products, which can impact the profitability of the corporations within the industry.

3. Bargaining power of buyers: This refers to the ability of buyers to influence the prices of the goods and services they purchase. If buyers have a high degree of bargaining power, they can exert more control over the prices of the products they buy, which can impact the profitability of the corporations within the industry.

4. Threat of substitute products: This refers to the availability of products or services that can be used in place of those offered by the corporations within the industry. If there are many substitute products available, the threat of substitution is high, and competition within the industry is likely to be intense.

5. Rivalry among existing competitors: This refers to the level of competition among the corporations within the industry. If there is a high degree of rivalry, competition within the industry is likely to be intense.

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A baker buys 10 apples from a farmer for $.25/each. The baker uses the 10 apples to make an apple pie that they sell in their bakery for $7.99. What is the total contribution to GDP? (hint: be sure to review intermediate vs. final goods before answering this question).

Answers

The baker's total contribution to GDP is $5.49.

What is the total contribution to GDP?

GDP, the gross domestic product is the sum of all final goods and services produced in an economy within a given period.

When calculating GDP, only the value added of final goods and services are included. Intermediate goods are not added.

Contribution to GDP = 7.99 - (10 X 0.25) = $5.49.

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Do you think NAFTA should adopt a common currency? Why or why not?

Answers

Answer:

Explanation:

I don't have a personal opinion, but I can provide some information that may be helpful in answering your question.

The North American Free Trade Agreement (NAFTA) is a trade agreement between the United States, Canada, and Mexico that was signed in 1994. While NAFTA has helped to increase trade between the three countries, it does not include provisions for a common currency.

There are arguments for and against the adoption of a common currency among the NAFTA countries. Proponents argue that a common currency could help to facilitate trade and investment between the three countries, reduce transaction costs, and increase economic integration. It could also help to stabilize exchange rates and reduce the risk of currency fluctuations.

Opponents, on the other hand, argue that adopting a common currency would be difficult due to the economic and political differences between the three countries. It could also lead to a loss of economic sovereignty for each country, as well as potential inflationary pressures.

Ultimately, the decision to adopt a common currency would be a political one that would require the agreement of all three countries. While there are potential benefits to a common currency, there are also potential drawbacks that would need to be carefully considered.

What levels of risk does investing in the stock generally carry
medium
medium, high,
low, high
or low?

Answers

Low, high  levels of risk does investing in the stock generally carry. Over the long term, stocks have the highest potential for growth for investors. Investors who have chosen to hold onto stocks for an extended length of time—say let's 15 years.

Typically been rewarded with robust, profitable returns. Utilize your associated banking account to open a risk and trading account. Access that trading account. Choose the shares you want to purchase or sell. Make sure you have the necessary investing funds in your account to purchase the shares stocks. taking dividends in— Many stocks distribute dividends, which are based on the company's earnings per share.

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Information regarding income levels, education, occupation, and ethnic groups in your target market is called

A. product-based research
B. advertising information
C. demographics
D. secondary research

Answers

Answer:

Option C. Demographics

Explanation:

Demographics are a population section of a particular target market depending upon specific demographic information which differentiates this section from other section population. These demographics mostly includes location, family status, occupation, education level, etc.

Sage met her manager to discuss an issue she was facing in the office. During the meeting, her manager's phone was constantly ringing. This made it difficult for Sage to explain her problem clearly. Her manager, distracted by the ringing phone, could not grasp the significance of the problem and sent Sage back with half-hearted promises to take appropriate action. In this scenario, the ringing telephone represents
Multiple Choice
a) a cue. b) noise. c) a filter. d) a communication channel. e) media richness.

Answers

 In this scenario, the ringing telephone represents noise. Therefore, the correct answer is b).

What  is Noise?

Noise refers to any external factors that can interfere with or distort the communication process, making it difficult for the message sender and receiver to clearly understand each other. In this case, the ringing phone distracted both Sage and her manager, leading to an ineffective communication experience.

Noise can simply be defined as a loud or unpleasant sound to the ears. It can serve as a form of distraction or disturbance as the case maybe but ultimately it is unwanted.

In this scenario, the ringing telephone represents b) noise.

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Devon was surprised that his pay check was less than he had expected. His
paycheck was reduced because
had been withheld by his employer.
OA. incentives
B. commissions
C. gross pay
OD. deductions

Answers

The answer is C. Gross pay. Devon's paycheck was reduced because it had been withheld by his employer as gross payment.

"Gross pay" mean?

Before any taxes, benefits, or other payroll deductions are done , an employee's gross salary is what they are paid. Net pay, often known as take-home pay, is the amount that is given after all withholdings have been taken into consideration.

Calculate my gross pay?

Start by determining the total amount need for each pay period in order to see an employee's gross compensation. Hourly workers multiply their total hours worked by their hourly rate, plus any overtime. Employees on a salary split their yearly earnings by the number of pay periods.

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FILL IN THE BLANK. Stephen’s Auto Body Shop (Oshawa) has a debt-equity ratio of.6, a total asset turnover of 1.43, and a profit margin of 5 %. The firm has a return on assets of _____ % and a return on equity of _____ %.

Answers

The firm has a return on assets of 7.15% and a return on equity of 11.92%. The return on assets (ROA) is calculated by multiplying the profit margin by the total asset turnover.

In this case, the profit margin is 5% and the total asset turnover is 1.43. Multiplying these two values gives us 0.05 * 1.43 = 0.0715, or 7.15% as the return on assets.

The return on equity (ROE) is determined by multiplying the return on assets by the debt-equity ratio. In this scenario, the debt-equity ratio is 0.6 and the return on assets is 7.15%. Multiplying these values yields 0.6 * 0.0715 = 0.0429, or 4.29% as the return on equity.

These figures provide insights into the profitability and efficiency of Stephen's Auto Body Shop. The return on assets indicates the profitability generated from the company's total assets, while the return on equity measures the returns earned on the shareholders' equity investment. A higher return on assets suggests better utilization of assets to generate profits, while a higher return on equity signifies better returns for the company's shareholders in relation to their investment.

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The first, and perhaps most important, step in constraint management is to ____________ the most pressing constraint. A. improve B. support C. identify D. elevate E. modify

Answers

The first step in constraint management is to identify the most pressing constraint, which is crucial in developing effective strategies to address the issue. The correct option is C.

To create efficient ways to deal with limitations, the first stage in constraint management is essential. It entails determining the most important constraint, which might be a resource shortage, a process bottleneck, or a physical restriction. It is hard to determine where to concentrate efforts and resources to increase performance without understanding the restriction.

When a restriction is recognised, it may be examined and appropriate action can be done to reduce or eliminate it. To guarantee that the organisation can work at its full potential and accomplish its objectives, this is crucial.

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The first step in constraint management is to identify the most pressing constraint, which is crucial in developing effective strategies to address the issue. The correct option is C.

Constraint management is a process of identifying and addressing the factors that limit an organization's ability to achieve its goals. The first step in this process is to identify the most pressing constraint, which is the factor that is currently having the greatest negative impact on the organization's performance. This can involve analyzing data on productivity, quality, customer satisfaction, or other performance indicators, and identifying the bottleneck or bottleneck that is most limiting the organization's success. Once the constraint is identified, the organization can begin to develop strategies for addressing it, such as increasing capacity, reducing waste, or improving processes. By focusing on the most pressing constraint, an organization can make the most effective use of its resources and improve its overall performance.

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fees for service are determined by which of the following?
Each bank

Each transaction

Each customer

Each branch of bank​

Answers

Answer:

Each bank

Explanation:

Banks offer various types of services to customers such as funds transfers, check clearance, foreign exchange, among many others. Since the services are offered by the bank, it is the bank that charges the service fees. The banks also determine the amount of fees to charge per service.

Typically, a bank will apply uniform charges across all its branches. The charges for different services are determined by the bank's top management and apply to all its branches in a country.

.Attestation services are performed by
A. external auditors
B. internal accountants
C. internal auditors
D. third-party accountants

Answers

Attestation services are performed by external auditors. Thus, option 'A' is the correct option.

What is an attestation service?

A certified public accountant will independently analyze a company's financial statements as part of an attest service (CPA). The CPA provides an attestation report with findings on the accuracy of the data. The American Institute of Certified Public Accountants, a professional services organization, creates and disseminates the standards for attestation services (AICPA).

The standards have been modified in recent years to take into account a larger variety of attest services unrelated to financial reporting. An organization could, for instance, ask for an attest service for its consumer privacy statement.

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Of 2. Partnership property is held by the partners in a(n) _?_in partnership. 6 3​

Answers

In a partnership, the partnership property is held by the partners in a "tenancy in partnership." This means that the partners hold the property jointly and share equal rights to use and benefit from the property.

Each partner has a right to use the partnership property for the benefit of the partnership and is responsible for contributing their fair share of the property's costs and expenses. The concept of tenancy in partnership is similar to that of joint tenancy, in which multiple individuals hold property together with equal rights. However, tenancy in partnership is specific to partnerships and reflects the unique nature of the partnership relationship. Unlike joint tenancy, the partnership property is held for the benefit of the partnership as a whole, rather than for the individual benefit of each partner.

It's important to note that the partnership property is distinct from the individual property of each partner. While the partnership property is held jointly by the partners, each partner retains ownership of their individual property. The partnership property is considered separate from the partners' personal assets and cannot be used to satisfy the personal debts or obligations of any individual partner. Overall, understanding the concept of tenancy in partnership is crucial for partners in any partnership, as it defines the ownership and usage rights of the partnership property and ensures that each partner's rights and obligations are clearly defined.

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what is the maximum number of characters allowed in the account number field?

Answers

Answer:

The following is a list of the maximum number of characters (letters, numbers and so on) that you can enter in the fields specified: Account Name: 31 Account Numbers: 7 Amount: 99,999,999.99 (Maximum number allowed)

Explanation:

What are four important factors to remember before making a career decision?

Answers

Answer:

To make a career decision you need to focus on four really important things.

1. You should know what interests you and what do you want to keep on pursuing in the future.

2. Evaluate your skills that are you even capable of doing that work that interests you or are you suitable for some other work.

3. Work attitudes, meaning that do you really have the attitude for the work?

4. Training and Education, this means that are you qualified enough for that specific work.

Explanation:hope it helps

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