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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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Original conversation
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 ... (More)
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Asked 2/20/2013 11:45:41 AM
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