Supply of a particular product

Assignment Help Business Economics
Reference no: EM13904707

Other factors remaining the same, what would happen to the supply of a particular product if the following changes occur?

1. The price of the product falls.

2. A technological breakthrough enables the good to be produced at a significantly lower cost.

3. The prices of inputs used to produce the product increase.

4. The price of a product that is a substitute in production decreases.

5. The managers of firms that produce the good expect the price of the good to rise in the near future.

6. Firms in the industry purchase more plant and equipment, increasing the productive capacity in the industry.

Reference no: EM13904707

Questions Cloud

Krugman contention that fiscal policy : Use an IS-LM diagram to illustrate Krugman's contention that fiscal policy is more effective as a macroeconomic policy tool when compared to monetary policy, given that the economy is in a liquidity trap.
What is the new volume of the balloon : A balloon is filled with 35.0 L of helium in the morning when the temperature is 20.0 C. By noon the temperature has risen to 45.0C. What is the new volume of the balloon?
Explain to the incorrect party : Should the Miami plant be closed or continue to operate at a loss in the short run? How would you explain to the incorrect party that he is wrong?
Investigate major demotivational factors at hospital : Choose Maslow's, Herzberg's, or McClelland's model of motivation, and argue the primary reasons why it is applicable to the Kaluyu Memorial Hospital scenario.
Supply of a particular product : Other factors remaining the same, what would happen to the supply of a particular product if the following changes occur?
Briefly describe the formation of this product : The following product was produced in high yield during the exact same aldol condensation experiment that was run in lab. It turns out that a certain reaction component was not added to the reaction mixture. Briefly describe the formation of this ..
Maximum potential gain and maximum loss in this strategy : The stock of the pharmaceutical company is trading at $40. There are currently two options trading: a European call option with a strike price of $45 and a European put option with the same strike price of $45. Both options have the same maturity of ..
Long-term implications of nearshoring : Based on the article Nearshoring in Latin America, what are the short- and long-term implications of nearshoring given the current economic conditions?
Healthcare organization is pursuing a business strategy : One healthcare organization is pursuing a business strategy of differentiating its service product through providing excellent customer service. What human resource metrics do you recomment to reinforce this business strategy and why?

Reviews

Write a Review

Business Economics Questions & Answers

  What is marginal propensity to consume

Which of following is equivalent to marginal propensity to consume. If incomes increased by $20,000, government purchases are fixed at $10,000, investment spending is fixed.

  how much is the present value of the purchase

An investor buys a 3.5% 20-year bond with a face value of $10000 for $10414.22. If the purchaser holds the bond to maturity, how much is the present value of the purchase at an ROI of 3.69% per year compounded semi-annually?

  Competing concepts-production-product-selling concept

The competing concepts under which organizations have conducted marketing activities include: the production concept, product concept, selling concept, marketing concept, and the societal marketing concept. Identify examples of companies (preferably ..

  Government assigns private property right to common resource

If the government assigns private property rights to a common resource, then the

  E-business is a necessary function

I think most of us would agree that e-business is a necessary function in today's business environment. What are your thoughts on a company having a totally separate e-business function?

  Find the optimal output and retail price for a vertically

Find the optimal output and retail price for a vertically integrated monopolist, either using a graph or calculus. Illustrate answer with graph.

  Illustrate what are the equilibrium values of interest rate

Illustrate what are the equilibrium values of the interest rate, price level, consumption and investment. What are the new short-run equilibrium values of the interest rate, price level, consumption and investment.

  Is society obligated to ensure access to a basic level

Is society obligated to ensure access to a basic level of health care for all its citizens such as the accepted obligation to provide educational opportunity to all citizens?

  Groundwater represent an efficient use of resources

In the Great Plains states west of the Mississippi river, annual rainfall is less than annual water usage for irrigation. The level of groundwater in the Ogallala aquifer that underlies the region is dropping precipitously. On its western edges the a..

  Possible way for a price-fixing scheme

Which of the following is NOT a possible way for a price-fixing scheme on potatoes to fall apart?

  What effectwriting of the texas constitution

Who made up the Grange also Illustrate what effect did they have on the writing of the Texas constitution.

  Explain how many units of labor and how many machines

Explain how many units of labor and how many machines would the firm use to produce 40 units in the cheapest possible way.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd