In Figure 3- 9, the current position of the supply curve is S 1 , and the
Question:
In Figure 3- 9, the current position of the supply curve is S1, and the price of a wireless earbud is $3.
If the cos t of inputs that suppliers utilize to produce wireless earbud s decrease s, will the supply curve shift to S2 or to S3? What is the change in the a mount of wireless ear buds supplied ?
Transcribed Image Text:
FIGURE 3-9 Shifts in the Supply Curve If the cost of producing wireless earbuds were to fall dramatically, the supply curve would shift rightward from S to S such that at all prices, a larger quantity would be forthcoming from suppliers. In contrast, if the cost of production rose, the supply curve would shift leftward to S3. Price per Wireless Earbud ($) 0 1 2 1 4 S3 S 10 I 12 6 8 Quantity of Wireless Earbuds Supplied (millions of constant-quality units per year) S
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
In the scenario youve described the cost of inputs that suppliers use to produce wireless earbuds de...View the full answer
Answered By
Muhammad Umair
I have done job as Embedded System Engineer for just four months but after it i have decided to open my own lab and to work on projects that i can launch my own product in market. I work on different softwares like Proteus, Mikroc to program Embedded Systems. My basic work is on Embedded Systems. I have skills in Autocad, Proteus, C++, C programming and i love to share these skills to other to enhance my knowledge too.
3.50+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
In Figure 3-9, the current position of the supply curve is S1, and the price of a portable power bank is $3. If the cost of inputs that suppliers utilize to produce portable power banks decreases,...
-
In Figure 3-4, the current position of the demand curve is D 1 , and the price of a wireless earbud is $3. If there is an increase in the price of tablet devices that are complements to wireless...
-
In Figure 3-4, the current position of the demand curve is D 1 , and the price of a wireless earbud, which is a normal good, is $3. If there is an increase in consumer incomes, will the demand curve...
-
An analyst predicted the following: 1. Sales of $1,276 million. 2. Core profit margin of 5 percent. 3. Asset turnover of 2.2. 4. Core other operating income and unusual items are zero. The firm's...
-
The A string of a violin is 32 cm long between fixed points with fundamental frequency of 440 Hz and a mass per unit length of 6.1 x 10-4 kg/m. (a) What are the wave speed and tension in the string?...
-
On November 1 , 2 0 2 1 , Uptown Bookstore borrowed $ 2 0 9 , 0 0 0 , by signing a 6 % , six - month note payable. The amount borrowed plus accrued interest is due six months later on May 1 , 2 0 2 2...
-
We plan to remove dilute sulphuric acid and dilute \(\mathrm{HCl}\) from crushed rock by washing it with water in a continuous countercurrent process with five equilibrium stages. The feed is...
-
The Fitzgerald Company maintains a checking account at the Bank of the North. The bank provides a bank statement along with canceled checks on the last day of each month. The October 31, 2007 bank...
-
What information does the payback period provide? Suppose Acme Manufacturing Corporation's CFO is evaluating a project with the following cash inflows. She does not know the project's initial cost;...
-
In recent years, technological improvements have greatly reduced the costs of producing smartphones, and a number of new firms have entered the smartphone industry. At the same time, prices of...
-
In Figure 3-9, the current position o f the supply curve is S 1 , and the price of a wireless earbud is $3. If supplier s anticipate a higher price of wireless earbuds in the future, will the supply...
-
What are the current price and yield of 10-year U.S. Treasury bonds? Of General Motors bonds? (Check the financial section of your daily newspaper.) What accounts for the difference?
-
What is the standard deviation of the expected returns on this stock? State of the economy Boom Probability 0.30 Normal 0.70 TIP: E(R) =PiRi Variance ()=Pi(Ri -) E(R) 25% 12%
-
Mod 18.2: Company A is a retailer of high-end pencils and has provided the following inventory information for January 20X1. Day 1: Began the day with 10 pencils with a per unit cost of $7 each. Day...
-
Fama's Llamas has a WACC of 9.4 percent. The company's cost of equity is 13 percent, and its pretax cost of debt is 6.7 percent. The tax rate is 22 percent. What is the company's target debt-equity...
-
An investor buys a discount bond that pays him $70,000 after 6 years. The nominal interest rate for the first year is 5.5% and it decreases by 75 basis points (100 basis points = 1%) up to the third...
-
EcoHome Inc. manufactures a number of eco-friendly household items. During the recent month, the company manufactured 6,000 bamboo cutting boards using 15,000 feet of bamboo. The bamboo cost the...
-
The following accounts appear in an adjusted trial balance of Kangaroo Consulting. Indicate whether each account would be reported in the (a) Current asset; (b) Property, plant, and equipment; (c)...
-
You are thinking of investing in one of two companies. In one annual report, the auditors opinion states that the financial statements were prepared in accordance with generally accepted accounting...
-
ABC Tire Corp. hires Arnez as a traveling salesperson and assigns him a geographic area and time schedule in which to solicit orders and service customers. Arnez is given a company car to use in...
-
ABC Tire Corp. hires Arnez as a traveling salesperson and assigns him a geographic area and time schedule in which to solicit orders and service customers. Arnez is given a company car to use in...
-
John Dunning was the sole officer of the R.B. Dunning Co. and was responsible for the management and operation of the business. When the company rented a warehouse from Samuel and Ruth Saliba,...
-
YIELD TO MATURITY AND FUTURE PRICE A bond has a $ 1 , 0 0 0 par value, 1 0 years to maturity, and a 7 % annual coupon and sells for $ 9 8 5 a . What is its yield to maturity ( YTM ) ? b . Assume that...
-
How should a sale and repurchase agreement be accounting for if the intent is to obtain funding for equipment? (A) The sale agreement should be accounted as a sale when the sale has occurred and the...
-
Elliott's Cross Country Transportation Services has a capital structure with 25% debt at a 7% interest rate. Its beta is 1.3, the risk-free rate is 3%, and the market risk premium is 9%. Elliott's...
Study smarter with the SolutionInn App