If new technology in a perfectly competitive market brings about a substantial reduction in costs of production,
Question:
If new technology in a perfectly competitive market brings about a substantial reduction in costs of production, how will this affect the market?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (6 reviews)
With a technological improvement that brings about ...View the full answer
Answered By
Robert Mwendwa Nzinga
I am a professional accountant with diverse skills in different fields. I am a great academic writer and article writer. I also possess skills in website development and app development. I have over the years amassed skills in project writing, business planning, human resource administration and tutoring in all business related courses.
4.90+
187+ Reviews
378+ Question Solved
Related Book For
Question Posted:
Students also viewed these Business questions
-
Here's my code and I'm getting an error: length=[22.7, 22.4, 25.8, 21.3, 20.1, 22.1, 21.1, 25.3, 26.9, 26.9, 23.0, 23.8, 26.2, 20.4, 23.0, 21.9, 23.5, 27.8, 25.3, 25.9] weight=[9.2, 8.8, 10.7, 8.3,...
-
The idea of using the difference between the market value of the firm and accounting book values as an indicator of market power and/or valuable intangible assets stems from the pioneering work of...
-
A firm in a perfectly competitive market will exit the market in the long run if: (a) the market price falls below the average variable cost. (b) the market price falls below the average fixed cost....
-
Tern Corporation, a calendar year C corporation, is solely owned by Jessica Ramirez. Terns only business since its incorporation in 2011 has been land surveying services. In Terns state of...
-
Under the Hazardous Materials Transportation Act, the Secretary of Transportation regulates the transportation of hazardous materials. The regulatory scheme includes warrantless, unannounced...
-
Describe two problems that can arise when using actual full cost as a transfer price.
-
The following balance sheet and income statement data were taken from the financial records of The Dana Point Company: \ Required Prepare percentage change and common-sized balance sheets and income...
-
Toyota Motor Corporation uses target costing. Assume that Toyota marketing personnel estimate that the competitive, average selling price for the Rav4 in the upcoming model year will need to be...
-
After the document completion date, the auditor must not A. Delete or discard audit documentation before the end of the specified retention period B. Make additions (including amendments) C. Both "A"...
-
A market in perfect competition is in long-run equilibrium. What happens to the market if labor unions are able to increase wages for workers?
-
Explain in words why a profit-maximizing firm will not choose to produce at a quantity where marginal cost exceeds marginal revenue.
-
In this chapter, you learned that companies prepare a statement of cash flows in order to keep track of their sources and uses of cash and to help them plan for their future cash needs. Planning for...
-
An investor earns 10.01 percent before tax and is subject to a 32 percent tax on such earnings. Calculate the investor's after-tax rate of return. Round the answer to two decimals in percentage form....
-
All flows considered in this exercise take place at the end of the specified year. We are at the end of year zero and considering investing in the company RnovexInc, which is subject to a corporate...
-
Kristi was a new volunteer in the Jack and Jill Preschool Center. She observed the class for a few days and then was asked to help in the art and cooking centers. Seemingly all was going well, and...
-
Determining the range of Q-point values for this circuit. www11 RG 1 MO Vos (V) -8 +10 V RD 500 0 2N5459 Rs 500 0 60 g lp (mA) T T T L T 16 14 12 10 8 6 4 2 Note: VGSX and IDX are not located on the...
-
what would the weighted average cost of capital be after the change in capital structure if the corporate tax rate was 15% instead of 35%
-
On a cold morning the probability is .02 that a given car will not start in the small town of Eureka. Assume that 1,500 cars are started each cold morning. (a) What is the probability that at least...
-
Give the products of the following reaction, where T is tritium: dioldehydrase Ad- CH CH3C-COH CoIII) coenzyme B12
-
Your high school friend started a business that has blossomed over the years, and she is considering incorporating so she can sell shares of stock and expand. She has asked you for help understanding...
-
Your bakery is incorporated and is looking for investors. Write a one paragraph story of why investors should buy stock in your company. What makes your bakery special?
-
You are the president of Duke Company and are leading the company through the process of incorporation. The next step is determining the type of stock the company should offer. You are relying on...
-
Discuss how a shipbroker's role on a chartering negotiation is fundamentally different from the role on a ship sale & purchase negotiation.
-
What process should Umqhele follow when they receive an invoice from a supplier before it is entred into the purchasing journal? Question 6Answer a. The person should check the quality, quantity, and...
-
7 1 pts Joe, unfamiliar with busy highways in Phoenix, Arizona in the USA, unfortunately accidentally crashed his Tesla. Based on the following timeline, when would the mechanic recognize revenue...
Study smarter with the SolutionInn App