Supply of auto tires

Assignment Help Business Economics
Reference no: EM132001533

What effect will each of the following have on the supply of auto tires? (Keeping all else constant)

a. A technological advance in the methods of producing tires: 

(Click to select)

Decrease

Increase

No change

b. A decline in the number of firms in the tire industry: 

(Click to select)

Decrease

No change

Increase

c. An increase in the prices of rubber used in the production of tires: 

(Click to select)

No change

Increase

Decrease

d. The expectation that the equilibrium price of auto tires will be lower in the future than currently:  

(Click to select)

Decrease

No change

Increase

e. A decline in the price of large tires used for semi trucks and earth-hauling rigs, a substitute in production. (with no change in the price of auto tires): 

(Click to select)

No change

Increase

Decrease

f. The levying of a per-unit tax on each auto tire sold: 

(Click to select)

Decrease

Increase

No change

g. The granting of a 50-cent-per-unit subsidy for each auto tire produced: 

(Click to select)

No change

Increase

Decrease

Reference no: EM132001533

Questions Cloud

Research the two cutover strategy options : After debating the cutover strategies, you have narrowed it down to two possible options - parallel start-up and direct cutover/conversion.
Distributing patches for operating systems and applications : Recommend a process to govern obtaining, testing, and distributing patches for operating systems and applications within the new data center.
Discuss about the c-corporation or s-corporation : Miley will contribute $1,000,000 cash to the venture and McLovin will contribute a building that has a $1,000,000 fair market value and adjusted basis.
Provide three examples of unintentional security threats : From the e-Activity, provide three examples of unintentional security threats and three examples of intentional security threats.
Supply of auto tires : What effect will each of the following have on the supply of auto tires? (Keeping all else constant)
What does your ideal workplace look like : What does your ideal workplace look like? How would you like to be treated? How should you treat others?
Finding the receivables turnover ratio : Minden Co has current assets of $180,000 (cash: $20,000, accounts receivable: $70,000 inventory: $90,000), and long term assests that had cost $400,000.
Dealing with the moral hazard problem : Determine the ways your company is dealing with the moral hazard problem and suggest best practices used in the industry to deal with it. (southwest Airlines)
Develop a list of compliance laws required for dod contracts : A Research and Development (R&D) Engineering network segment for testing, separate fromthe production environment .

Reviews

Write a Review

Business Economics Questions & Answers

  Peugeot ad that showed a man reading

"The ad regulator has banned a Peugeot ad that showed a man reading a text while driving, which it says is in breach of the Highway Code."

  Logic of the ricardian view of government debt

Explain the logic of the Ricardian view of government debt and evaluating its practical relevance.

  Best interest and that of the consumer conjointly

When it comes to the tobacco industry, discuss if you believe it is possible for a company to cater to both its best interest and that of the consumer conjointly or if one always has to prevail.

  Based on direct lines of authority from the top executive

______An organizational form that is based on direct lines of authority from the top executive to the lowest level of employees is called

  Long run total cost function

Problem 1: Assume that the long run total cost function for each firm in a perfectly competitive industry is LRTC = q3 - 4q2 + 8q and the market demand function is Q = 2000 - 100p. Calculate:

  Abput the utility function

Martha has the utility function U(x, y) = min {4x,2y}. Write down her demand for x and y as functions of the variables m, px, and py, where m is income, px is the price of x, and py is the price of y.

  Firm in a perfectly competitive market are similar

A wheat farmer and a firm in a perfectly competitive market are similar in that:

  Total-revenue maximizing price and quantity

Use your direct demand function to construct an equation and column for TR. What is the total-revenue maximizing price and quantity, and how much revenue

  Permian basin in texas impact the price and trade deficit

How will the trade imbalance on oil affect future gas prices? Also, will the increased supply from the Permian Basin in Texas impact the price and trade deficit?

  Develop a new trade agreement between the us

The Trump administration has asked you to develop a new trade agreement between the U.S. and Asian countries. In order to maximize economic benefits.

  The payoff matrix above for a duopoly

Answer this question based on the payoff matrix above for a duopoly in which the numbers indicate the profit from following either an international strategy or a national strategy. Refer to the above table. If firm A chooses an international strategy..

  Q1 show how each of the following would initially affect a

q1. show how each of the following would initially affect a banks assets and liabilities.a. someone makes a 10000

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