There would a shift to the right of the supply curve. The equilibrium price would decrease and the equilibrium quantity would increase.
<h3>What is the impact of technological improvement?</h3>
Technological improvement in the production process means that there is an advancement or update in the technologies that are used in the production process. For example, progress from storing information in files to storing information in the cloud is an example of technological improvement.
A technological improvement in the production of a good would make it easier to produce a good. Thus, the supply curve would move forward.
Equilibrium quantity would increase. Due to the increase in quantity supplied, price has to decline in order to induce consumers to buy more of the product. Equilibrium price would decrease.
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Seen as it may be 1 of there first jobs you can pay them less because they don't have as much experience as someone has has worked in the job for years
Answer:
<em>Product-Specific Research</em>
Explanation:
Product research <em>is an essential part of the development of new products. Analysis will help you determine important issues at every stage of the process and avoid costly errors.</em>
Testing a prototype will help you to reject uncompromising concepts, allowing you to focus money and time commitment on goods with the best chance of commercial success.
Product-Specific Research includes finding key product features that are selling points. Sells the benefit that the product provides.
Answer:
the amount of net income or loss is $39,285
Explanation:
The computation of the amount of net income or loss is shown below:
= Net income + interest earned + unearned revenue - salaries & wages - prepaid insurance
= $38,775 + $375 + $805 - $395 - $275
= $39,285
hence, the amount of net income or loss is $39,285
The same should be considered and relevant
The answer to this question is: Information
An information system is a set of command that i used to analyze available information in order to create a better decision for the company.
Which means that information will not be able to do any function of it does not possess the initial information, to begin with, so we can conclude that information is a major component of the information systems