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1. What effect does a rise in the cost of machinery or raw materials have on the cost of a good? (1 point)A rise in the cost of raw materials (but not machinery) raises the cost. The good becomes
cheaper to produce. The good becomes more expensive to produce. It does not have any effect on the cost of the good.
The effect of the rise in the cost of machinery or raw materials have on the cost of a good is that The good becomes more expensive to produce. -The rise in cost of raw materials will adversely affect the cost of production. [ This will mean that the margin of profit will reduce. Thus, the price of goods has to be increased in order to retain the same margin of profit. -If it costs more to
produce the good, then the cost of the good will also increase, to cover inflation production costs. ]
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User: 1. What effect does a rise in the cost of machinery or raw materials have on the cost of a good? (1 point)A rise in the cost of raw materials (but not machinery) raises the cost. The good becomes cheaper to produce. The good becomes more expensive to produce. It does not have any effect on the cost of the good.

Weegy: The effect of the rise in the cost of machinery or raw materials have on the cost of a good is that The good becomes more expensive to produce. -The rise in cost of raw materials will adversely affect the cost of production. [ This will mean that the margin of profit will reduce. Thus, the price of goods has to be increased in order to retain the same margin of profit. -If it costs more to produce the good, then the cost of the good will also increase, to cover inflation production costs. ]
emdjay23|Points 420|

User: 2. What does new technology generally do to production? (1 point)It lowers cost and decreases supply. It lowers cost and increases supply. It increases cost and decreases supply. It has very little effect on production.

Weegy: What does new technology generally do to production? It lowers cost and increases supply.
Expert answered|alfred123|Points 1653|

User: 3. Why does the United States regulate automobile manufacturing in so many ways? (1 point)to protect the consumer from Japanese and European automobiles to keep the price of U.S. automobiles competitive with others to keep the manufacturers of U.S. automobiles from gaining too much of the market to offset the air pollution caused by automobiles

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Asked 2/20/2013 11:40:33 AM
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3. Why does the United States regulate automobile manufacturing in so many ways? (1 point)to protect the consumer from Japanese and European automobiles to keep the price of U.S. automobiles competitive with others to keep the manufacturers of U.S. automobiles from gaining too much of the market to offset the air pollution caused by automobiles
Weegy: he auto industry, as much as any, shows some of the defects inherent in capitalism. First of all, capitalism requires a certain amount of govt. regulation. Too much is as bad as too little, but a certain amount is necessary. [ Capitalism depends on a competitive ‘free market’. But where there is competition there are winners, and once there are clear winners there is no longer competition. This is what happened in the auto industry 80-90 years ago. There hasn’t been a new major auto manufacturer in the US since the 1920s. The few smaller manufacturers (American Motors, Packard, Hudson, Studebaker) have fallen by the wayside. Secondly, large, powerful corporations tend to have too much power over our government, regulating the agencies that are supposed to be regulating them. In the 60s and 70s when we realized that air pollution caused by automobiles was costing us more than the cars themselves, the govt. tried repeatedly, over a long number of years, to mandate pollution standards, and later fuel economy standards. The American manufacturers swore it was impossible to meet those standards, but Japanese manufacturers had no trouble. American cars in the 70s were junk–unreliable, rough-running, hard to start, short-lived, because of new mandatory smog requirements. Japanese cars improved incredibly during this period. It was the beginning of the end for American cars. In 1980, the Ford Motor Company did a huge, expensive study to see why it was Americans preferred Japanese cars. What they found (and any of us could have just told them!) was that Americans thought Japanese cars were higher quality, better reliability, longer life. So Ford decided to spend a billion dollars over the next several years, not to improve their product but to improve their customers’ PERCEPTION of their product. They ran campaigns with quality themes. “At Ford, quality is Job One”. Their cars did improve, but only slowly. Today every car made in the US is made by a joint ... (More)
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Asked 2/20/2013 11:45:41 AM
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