SES1532
contestada

Suppose your production costs increased. In 1 or 2 sentences, describe the effect of this increase on the quantity of goods you supply

Respuesta :

Answer,

Increase in production costs will lower the quantity of goods supplied because the prices of goods will go higher and increase in price leads to decrease in quantity of goods supplied.A decrease in production cost will lower the prices leading to increase in quantity of goods supplied.

If the price of input goes up cost of producing the goods increases therefore each producer wants to get profit from their good.This will lead to increase in prices leading to decrease in supply.If the price remain the same it will lead to loss because the production cost is high.


pybrothepyro4

Answer:

Increases in manufacturing costs will reduce the number of goods supplied since goods prices will rise, and rising prices will lead to a decrease in the number of goods supplied. Lowering production costs lowers pricing, resulting in an increase in the number of items offered.

​Because the cost of making items rises when input prices rise, each manufacturer seeks to profit from their product. As a result, prices will rise, resulting in a decrease in supply. Because the production costs are significant, maintaining the same pricing will result in a loss.

Explanation:

ifunny is dankreloaded

Otras preguntas