a technological advance lowers production costs such that the quantity supplied increases by 60 units of this product at each price. as a result of this technological change, equilibrium output in this market question 61 options: a) decreased by 60 units. b) decreased by 30 units. c) increased by 60 units. d) increased by 30 units.

Answers

Answer 1

Answer:

When a technological advance lowers production costs, the result is that equilibrium output in this market is c) increased by 60 units.

What is equilibrium output?

A market arrives at an equilibrium output when the aggregate expenditure equals the national income or output.

At the equilibrium output, aggregate demand (consumption and investment) equals aggregate supply or output.

Thus, the correct option that shows the effect on the equilibrium output of a technological advance lowering production costs is Option C.

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Answer 2

Answer:

The answer is c) increased by 60 units. When there is a technological advance that lowers production costs, it becomes cheaper for producers to produce each unit of the product. This means that they are willing and able to supply more of the product at each price. As a result, the supply curve shifts to the right. The intersection of the new supply curve and the demand curve determines the new equilibrium output. Since the quantity supplied increases by 60 units at each price, the equilibrium output will also increase by 60 units. Therefore, the correct option is c) increased by 60 units.

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Hich of the following imports has increased over the past 6 years?a. coal
b. oil
c. lumber
d. all of the above

Answers

It's coal in edgenuty

Based on the given choices, I believe all of the above are imports that have increased over the past 6 years.
Coal, Oil and Lumber are resources that is very in need to most countries nowadays, thus the more people needs it, the more imports it could be transported.

Richard’s annual college expenses are expected to total $17,745. He will receive $5,320 in grants. How much will Richard need to contribute to his annual college expenses?

Answers

Answer

Richard need to contribute to his annual college expenses is $ 12425 .

Explanation:

As given

Richard’s annual college expenses are expected to total $17,745.

He will receive $5,320 in grants.

Thus

Richard contribute to annual college expenses = Annual college expenses - Grant amount .

Putting values in the above

Richard contribute to annual college expenses = 17745 - 5320

= $ 12425

Therefore Richard need to contribute to his annual college expenses is $ 12425 .

$12,425 you just need to subtract how much he gets in grants from how much he owes

In a proceeds transaction: I. a customer directs that a position be sold; and the funds generated from the sale be used to buy another position II. a customer sells short securities "against the box" III. 2 separate mark-ups or commissions are charged IV. a combined mark-up or commission is charged

Answers

Answer:

I and IV

Explanation:

A proceed transaction is a type of transaction in securities where a broker uses the proceeds of the sales of a security to buy another security , still constituting a transaction. (option 1)

A proceed transaction is subjected to a combined mark - up or commission , where the mark up earned on the disposed security is added to the mark up earned on the new security bought in replacement , which must be reasonable and fair. (option iv)

The Great Crash can be attributed to all of the following reasons EXCEPT a. many people had gone into debt buying consumer items on credit. b. the practice of making high-risk investments with borrowed money. c. the small number of people buying stock on margin. d. a relatively few companies and families held much of the nation’s wealth.

Answers

It would have to be C. For answer A, people going into debt while not being able to pay back te money caused bank failures (Credit). B looks like the same as A, risky loans made by banks to people who are unable to pay them off. Answer C is incorrect because MANY people were not aware of the stok market crash and asked their broker to hand them money. When the broker issued a frantic margin call, other brokers started calling and pretty much everyone had to sell at the same time, which issued the crisis. D is correct and is still happening today.

Answer:

the small number of people buying stock on margin

Explanation:

Who appoints Ambassadors?A. the President, with the advice and consent of the Senate
B. the President, with the advice and consent of the House of Representatives
C. the President alone
D. the Supreme Court

Answers

The correct answer is A. the President, with the advice and consent of the Senate.

Final answer:

The President nominates Ambassadors, and then the Senate must approve these nominations. This is part of the checks and balances system established by the U.S. Constitution.

Explanation:

In the United States, the process of appointing Ambassadors is a shared responsibility between the President and the Senate. Specifically, A. the President, with the advice and consent of the Senate is the correct answer to your question.

The President chooses the candidate and nominates them for the position, after which the Senate must give their 'advice and consent,' i.e., approval, for the nominee to officially become an Ambassador. This process is part of the 'checks and balances' system established by the U.S. Constitution.

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Discuss how the following socio economic issues can be a challenge to social responsibility:*Unemployment
*Poverty
*Human rights

Answers

Unemployment, poverty and human rights are obstacles in the formation of social responsibility. This greatly prevents a person to be able to develop social responsibility. Having a job teaches a person the value of responsibility. It also enables him to stand on his own two feet and later encourages him to do a bigger role in society. If a person is financially secure and have rights then that person can do more for society.

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A cost associated with home buying would be:

Utility theory serves as a way to a. find out why firms produce what they do. b. increase the overall demand of consumers. c. decrease the overall level of output of a firm. d. determine the satisfaction recorded from the consumption of goods.

Advertising, fashion trends, and new product introductions serve toa. create consumer needs. c. create consumer demand. b. increase income effectiveness. d. minimize the income effect.