What factors determine the cost of producing a good or service? Will producers continue to supply a
Question:
What factors determine the cost of producing a good or service? Will producers continue to supply a good or service if consumers are unwilling to pay a price sufficient to cover the cost?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 50% (4 reviews)
The cost of producing a good or service is determined by a variety of factors and its essential for producers to cover their costs to stay in business Here are some of the key factors that influence t...View the full answer
Answered By
Muhammad Ghyas Asif
It is my obligation to present efficient services to my clients by providing a work of quality, unique, competent and relevant. I hope you have confidence in me and assign me the order and i promise to follow all the instructions and keep time.
4.60+
109+ Reviews
203+ Question Solved
Related Book For
Macroeconomics Private And Public Choice
ISBN: 9780357134009
17th Edition
Authors: James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson
Question Posted:
Students also viewed these Business questions
-
Review the concept of externalities from Chapter 5, page 148. If a market is a monopoly, will a negative externality in production always lead to production beyond the level of economic efficiency?...
-
The End of the Capitalist Era, and What Comes Next: 1. Pre-reading: Read the title to figure out what is the text about and read the short biography about the author 2. While reading the text:...
-
1. How strong are the competitive forces confronting J. Crew in the market for specialty retail? Do a [Michael Porter] five-forces analysis to support your answer. (see chapter 3 in the textfor...
-
Refer to the following lease amortization schedule. The 10 payments are made annually starting with the inception Of the lease. Title does not transfer to the lessee and there is no bargain purchase...
-
Suppose that after graduation you get a job with Cottonwood Corporation, a small firm that does business only in its domestic market. You have just completed coursework in international business, are...
-
The drawings show three examples of the force with which someone pushes against a vertical wall. In each case the magnitude of the pushing Force is the same. Rank the normal forces that the wall...
-
A diesel engine has a compression ratio of 16. The fuel is cut-off at 0.08 stroke. The relative efficiency is \(52 \%\). Find the mass of the fuel of calorific value \(41800 \mathrm{~kJ} /...
-
Suppose you owned a portfolio consisting of $250,000 of U.S. government bonds with a maturity of 30 years. a. Would your portfolio be riskless? b. Now suppose you hold a portfolio consisting of...
-
Explain the concept and value of benchmarking, and define the differences between internal and external benchmarking. Describe at least 1 internal and 1 external benchmark that risk managers can use...
-
Production should be for people and not for profit. Answer the following questions concerning this statement: a. If production is profitable, are people helped or harmed? Explain. b. Are people...
-
The future of our industrial strength cannot be left to chance. Somebody has to develop notions about which industries are winners and which are losers. Is this statement by a newspaper columnist...
-
Illustrate how a hotel, restaurant, or theater can deal with the intangibility, inseparability, variability, and perishability of the service it provides. Give specific examples.
-
IN JAVA : 1. Define a PersonType object that represents a person's name, gender, social security number, race, and address. Be sure to define the relevant methods to fully implement the PersonType...
-
1. Post at least one question regarding cohesion and coupling in software design. 2. Identify two methods in the GasBuddy system using the sequence diagram given in the GasBuddy documentation. For...
-
Define your own Racket function that duplicates the the functionality of list-ref from the standard library. You may not use the built-in list-ref function as a helper function. Define a function...
-
B. Perform the following arithmetic operations by taking the 2's complement of the subtrahend, and also verify in decimal system: (24 points) (1) signed binary number: 10011-00100 (2) signed binary...
-
The tan delta curves of two composites are plotted as a function of frequency as shown in Fig. 2c. Which composite will show higher impact strength at 25 C and why? 0.04 99 Tan 6 0.03 25C composi...
-
In 1 second, a 3-GHz computer processor can generate about 3 million passwords. How long would it take such a processor to generate all the passwords for the scheme in Problem 17?
-
In the circuit shown in Figure 4, a battery supplies a constant voltage of 40 V, the inductance is 2 H, the resistance is 10, and l(0) = 0. (a) Find l(t). (b) Find the current after 0.1s.
-
The Social Security payroll tax is split equally between the employee and the employer. Would it make any difference if the entire tax were imposed on employees? Would employees be helped if all the...
-
Several members of Congress have been highly critical of Japan and China because U.S. imports from these countries have persistently been substantially greater than our exports to them. a. Under a...
-
Suppose that the United States were running a currentaccount deficit. How would each of the following changes influence the size of the current-account deficit? a. A recession in the United States b....
-
Major Sports plans to raise $5,150,000 in an initial public offering of its common stock. The company is considering three options: a. Issue 103,000 shares of $1 par value common stock for $50 per...
-
The inventory at June 1 and costs charged to Work in Process-Department 60 during June are as follows: 3,800 units, 60% completed Direct materials, 32,000 units $ 60,400 378,000 Direct labor 274,000...
-
The units of an item available for sale during the year were as follows: 11 units @ $34 Jan. 1 Inventory Feb. 17 Purchase 12 units @ $36 July 21 Purchase Nov. 23 Purchase 4 units @ $38 17 units @ $39...
Study smarter with the SolutionInn App