(a) Consider the production of apple juice. If the supply of apple juice increased, did the marginal cost of
production of apple juice increase or decrease?
(b) Suppose that Sprite and Pepsi are substitutes in production. If the supply of Pepsi increased, did the
price of Sprite increase or decrease?
(c) Suppose that milk and beef are complements in production. If the supply of milk increased, did the
price of beef increase or decrease?
(d) Consider the market for orange juice. If the supply of orange juice stayed constant and the equilibrium
quantity exchanged of orange juice increased, did the demand for orange juice increase or decrease?
(e) Consider the market for grape juice. If the demand for grape juice stayed constant and the equilibrium
price of grape juice increased, did the supply of grape juice increase or decrease?
(f) Consider the market for Kool-Aid. If the demand for Kool-Aid increased and the supply for Kool-Aid
increased, did the equilibrium quantity exchanged increase or decrease?
Answers
Answer (a)
An increase in supply of apple juice means there's a decrease in the marginal cost of production.
Explanation: the marginal cost of production is the cost added by producing one additional unit of a product or service. Increasing supply spreads out the fixed cost of production, lowering the marginal cost of producing the next apple juice.
Answer (b)
B. An increase in the supply of Pepsi means there is an increase in price of sprite.
Explanation: increase in supply of Pepsi means there's a reduction in demand of sprite, which can be as a result of a price increase causing customers to shift towards the substitute.
Answer (c)
if the supply of milk increased, then there's a decrease in price of beef.
Explanation: since they are complement goods, an increase in supply of milk means that suppliers are supplying more milk due to an increasing demand of beef as a result of a reduction in the price of beef.
Answer (d)
If the supply of orange juice stayed constant and the equilibrium
quantity exchanged of orange juice increased, then the demand for orange juice increased.
Explanation: Equilibrium quantity is when there is no shortage or surplus of a product in the market. On a plot of demand and supply, the two will intersect at the equilibrium quantity. If the supply is held constant and the value of equilibrium quantity increases, then it means that the demand increased.
Answer (e)
If the demand for grape juice stayed constant and the equilibrium
price of grape juice increased, then the supply of grape juice decreased.
Answer (f)
If the demand for Kool-Aid increased and the supply for Kool-Aid
increased, then the equilibrium quantity exchange increases.
Explanation: since both demand and supply increased, then their point of intersection will increase since there'll be no surplus or lack.
Related Questions
Which of the following best describes the role of “capital?”
A. The functioning of laws in business.
B. What goes into making a product.
C. What is not needed to make a product.
D. An individual economic choice.
Answers
Answer:
B.
Explanation:
Capital, in general term, can be defined as a sum of money used to start a firm or invest to earn more money. Talking in broader terms, capital is anything that adds value or profit to the owner of the firm.
A capital can be machinery, factory, patents, buildings, etc. Capital is a sum of money used to pay or invest in the making of products.
Therefore, the statement that best describes the role of capital is what goes into making a product. Thus option B is correct.
An individual purchased a taxable corporate bond at a premium. The bond has a remaining ten year maturity period. For federal income tax purposes, amortization of the premium:________
Answers
Available Options Are:
A. Increases investment interest expense
B. Is required
C. Reduces interest income
D. Increases interest income
E. Increases the basis of the bond
Answer:
Option C. Reduces Interest Income
Explanation:
The reason is that when we amortize the premium the carrying value of the bond decreases which decreases the principal amount and thus the interest calculated will also be decreased. The decrease in principal amount is because of the difference between the coupon rate of the bond and the firm's required rate of return.
Hence the amortization of the premium reduces the interest income.
If the amount of gasoline purchased per car at a large service station has a population of $15 and a population standard deviation of$4 then 99.73% of all cars will purchase between $3 and $27
Answers
The range between $3 and $27 is three standard deviations away from the mean.
Since we know that 99.73% of the data falls within three standard deviations of the mean, we can estimate that 99.73% of all cars will purchase gasoline between $3 and $27.
According to the given information, the population mean is $15, and the population standard deviation is $4.
This means that 99.73% of all cars will purchase gasoline within three standard deviations of the mean, using the empirical rule.
Therefore, we can use the empirical rule to estimate the percentage of cars that will purchase gasoline between $3 and $27.
The empirical rule is also known as the 68-95-99.7 rule, which states that:Approximately 68% of the data falls within one standard deviation of the meanApproximately 95% of the data falls within two standard deviations of the meanApproximately 99.7% of the data falls within three standard deviations of the mean.
To find the number of standard deviations that correspond to $3 and $27, we need to calculate the z-scores.
The z-score formula is given as:z = (x - μ) / σwhere z is the standard score, x is the value of the variable, μ is the population mean, and σ is the population standard deviation.
To find the z-score for $3, we plug in the values:z = (3 - 15) / 4z = -3To find the z-score for $27, we plug in the values:z = (27 - 15) / 4z = 3.
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Where are all of my fans at!! I love all of you!! Have a good rest of your day and happy thanksgiving!!!!!
Answers
Answer:
thanks!
Explanation:
Answer:
You too!! And also a Happy Thanksgiving to you :)
researching the query on the web will help you understand the meaning of most queries, as well as user intent?
Answers
Yes, it is true that researching the query on the web will help you understand the meaning of most queries, as well as user intent.
How do you interpret the intentions of users?The purpose and objective of a user's search query on a search engine are referred to as user intent, also known as search intent or keyword intent. For instance, a person can desire to find out more about a subject, locate a location nearby, or purchase something.
Which of the following queries has the single strongest potential intent?All inquiries have only one goal: the intent to Know, Do, Visit a Website or in-Person. The claim is accurate. Do, Know, and Go are the three categories that make up the Do-Know-Go idea, which is utilized for searching questions.
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If the equilibrium price for tickets to a a Lady Antebellum concert is $100 each and they sell them for $85,
Answers
Answer: you save $15
Explanation: 100-85 is 15 and the tickets are selling for $85 instead of original price
Explanation:
The cost of an items is 200. what will be the cost of 50 such. write a simple program
What area of expense is best to target when looking for possible ways to cut back on spending
Answers
Answer:
If we are talking about corporate spending, then it's best to cut overhead costs, because direct labor or direct materials are harder to cut since a cut in these areas would cause a reduction in output production.
If we are talking about personal spending, then, it's best to cut sumptuary expenses like eating out, or taking expensive vacations. Utilities, rent, and debt are harder to cut.
Step 2. Search to find any summary about the company that mentions funds for starting the business. Try to find any information containing employee data in this section.
Step 3. Find the section where the product or service is detailed. Look to see what kinds of products or services will be involved with the business. Compare this with what other similar business plans are offering.
Record the information you found for steps 2 and 3. Make sure you discuss how the company got money to start the business, employee data, and what products or services the company provides in comparison with what other similar business plans are offering.
Answers
We can see here that such company gotten after searching for company that mentions funds for starting the business is Go-o-gle.
Funds for starting the business: $1 million in funding from Andy Bechtolsheim.
Employee data: over 160,000 employees worldwide.
What is a company?A company is a legal and organizational entity formed by individuals or a group of individuals with the purpose of conducting business activities. It is an association of individuals who come together to engage in commercial, industrial, or professional activities in order to generate revenue and make a profit.
Their products are digital and online services.
Comparing this company, we see Microsoft.
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Question 11 (3 points)
When considering the costs and benefits of a decision, you should do something as
long as
a) the benefits are less than the costs
b) the costs are less than the benefits
c) the costs and benefits are both high
d) the costs and benefits are both low
Answers
Answer:b
Explanation:
I think it is
Which is considered a dwelling coverage?
A. It is that part of your property insurance that provides financial protection for all of the objects in your home, including appliances, furniture, housewares, clothes, electronics, jewelry and all other material goods not part of or permanently attached.
B. It is coverage for personal property, liability and loss of use.
C. It provides financial protection in case someone else is hurt and/or injured on your property for which you are found liable.
D. That part of your property insurance that provides financial protection for the inside and outside of the physical building.
Answers
Property and Automobile Insurance Quick Check
Answer: 1. That part of your property insurance that provides financial protection for the inside and outside of the physical building.
2. liability coverage
3. It provides financial protection for all of the objects in your home.
4. It covers injury or death to others caused by the named driver or named car.
5. property damage liability
Explanation: I took the same quick check and got 100%, hope this helps someone!
4/6/2023
It is that part of your property insurance that provides financial protection for all of the objects in your home, including appliances, furniture, housewares, clothes, electronics, jewelry, and all other material goods not part of or permanently attached is considered a dwelling coverage. The correct option is A.
What is called dwelling?A permanent building or structurally independent portion of one, such as a detached house or flat, that was built or changed with the intention of being inhabited by a single household is referred to as a dwelling.
It doesn't cover the land or the possessions inside the house. just the building. It is "Coverage A" under a homeowner's policy. Now, installed fixtures like cabinets and countertops as well as permanently attached appliances that are connected to public utilities, such as some stoves or a water heater, are covered by dwelling insurance.
Thus, the ideal selection is option A.
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Identify which two scenarios are examples of marginal costs.
A. A customer is willing to buy more strawberries from a farm when the
farm offers a pick-your-own discount.
B. A customer dislikes the taste of a brand of yogurt and chooses to buy a
new brand of yogurt in the future.
C. An ice cream store costs $225 each day to maintain, even when no ice
cream is sold.
OD. A snowboarding company finds out that customers are generally
unwilling to pay more than $1,000 for one of its snowboards.
E. Each time a cell phone factory produces a phone, it costs the factory
$175 in supplies.
OF. A coffee bean company wants to start selling packaged tea, and this
expansion will cost the company money.
Answers
Two scenarios are examples of marginal costs.
An ice cream store costs $225 each day to maintain, even when no ice-cream is sold.A snowboarding company finds out that customers are generally unwilling to pay more than $1,000 for one of its snowboards.What is Marginal Cost?
Marginal cost represents the incremental costs incurred while producing extra devices of a terrific or provider. it's miles calculated via taking the full change within the price of producing more goods and dividing that by way of the change in the number of goods produced.
the usual variable costs included in the calculation are labor and materials, plus the anticipated will increase in constant expenses (if any), such as administration, overhead, and selling fees. The marginal cost formula can be utilized in monetary modeling to optimize the era of cash glide.
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Raymond Moss, vice president of Moss Auto Parts, gets an annual bonus of 15% of any income, before deducting bonus and income taxes, above $100,000. Income before bonus and income taxes is $250,000. The effective income tax rate is 30%. Required: 1. Compute the amount of Raymond Moss's bonus. Bonus
Answers
Answer:
$22,500
Explanation:
Raymond Moss's bonus is computed as the excess of $100,000 of income before bonus and income taxes.
In other words, the income before bonus and income taxes of $250,000 minus $100,000 is the amount upon which the bonus is computed.
Bonus=excess of income before bonus and income taxes*rate of bonus
income before bonus and income taxes.=$250,000-$100,000
income before bonus and income taxes.=$150,000
bonus rate=15%
Bonus=$150,000*15%
Bonus=$22,500
how will you react to the following destroying or removing information that could hurt your company if it fell into the wrong hands.
Answers
I will say it is crucial to prioritize ethical behavior and transparency. Instead of destroying or removing information, we should focus on implementing robust security measures to safeguard sensitive data.
How can we protect sensitive information from unauthorized access?Protecting sensitive information from unauthorized access is essential for companies to maintain trust with their stakeholders. Instead of resorting to destroying or removing information, it is more beneficial to invest in robust security measures.
By implementing strong encryption, access controls, and regular security audits, we will significantly reduce the risk of sensitive data falling into the wrong hands. Also, fostering a culture of responsible data handling and training employees on best security practices can further enhance the overall protection of company information.
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Kyoko is a hard-working college senior. One Saturday, she decides to work nonstop until she has answered 150 practice problems for her math course. She starts work at 8:00 AM and uses a table to keep track of her progress throughout the day. She notices that as she gets tired, it takes her longer to solve each problem.
Time
Total Problems Answered
8:00 AM 0
9:00 AM 60
10:00 AM 105
11:00 AM 135
Noon 150
Use the table to answer the following questions.
The marginal, or additional, benefit from Kyoko’s second hour of work, from 9:00 AM to 10:00 AM, is
45
problems.
The marginal benefit from Kyoko’s fourth hour of work, from 11:00 AM to noon, is
15
problems.
Later, the teaching assistant in Kyoko’s math course gives her some advice. “Based on past experience,” the teaching assistant says, “working on 52.5 problems raises a student’s exam score by about the same amount as reading the textbook for 1 hour.” For simplicity, assume students always cover the same number of pages during each hour they spend reading.
Given this information, in order to use her 4 hours of study time to get the best exam score possible, how many hours should she have spent working on problems, and how many should she have spent reading?
1 hour working on problems, 3 hours reading
2 hours working on problems, 2 hours reading
3 hours working on problems, 1 hour reading
4 hours working on problems, 0 hours reading
Answers
Answer:
c
Explanation:
A property was purchased by an investor. The property is expected to produce $200,000 of annual net operating income in year 1; increasing $20,000 every year thereafter. The owner intends to sell the property at the end of year 5.
Assuming the bank requires a 1.25 debt coverage service ratio based on the expected first year NOI, what is the maximum monthly mortgage payment?
Answers
Answer:
$13,333.33
Explanation:
Debt service coverage ratio = Net operating income in year 1 / Annual debt service
Annual debt service = Net operating income in year 1 / Debt service coverage ratio
Annual debt service = $200,000 / 1.25
Annual debt service = $160,000
1 years = 12 months
Monthly mortgage payment = Annual debt service / 12 months
Monthly mortgage payment = $160,000 / 12
Monthly mortgage payment = $13333.33333333333
Monthly mortgage payment = $13,333.33
So, the maximum monthly mortgage payment is $13,333.33.
I WILL MARK YOU BRAINLIEST IF YOU ANSWER CORRECTLY PLS HELP!
Select the ineffective subject lines.
This E-mail Message Contains Some Extremely Important New Information About Company Operations
Computer Time
Please Use the New Form in the Revised Employee Manual for Filling Out Your Time Sheets, the Procedure Has Changed
Job Evaluation Attached
New Accounting Process
HelpDesk Closed Fridays
Vending Machines Relocated
Answers
Answer:
I think its computer time?
Explanation:
Im not 100% sure but i hope this helps <3
Answer:
A and F
I think ....
Explanation:
Courses that are at the college level and require an exam to evaluate student achievement level are called
Advanced Placement® courses
career and technical education courses
dual enrollment courses
International Baccalaureate® courses
Answers
Courses that are at the college level and require an exam to evaluate student achievement level are called Advanced Placement courses
What is an Advanced Placement course?Advanced Placement courses are also known as AP courses that give students the chance to undertake a college assessment.
In summary, AP exams are used to ascertain the level of preparedness of students for college.
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Answer: A
Explanation:
The College Board Advanced Placement® (AP) Program offers more than 30 college-level courses, each with an exam to evaluate the level of student achievement in that subject. Students who earn a score of 3 or higher on an AP Exam might earn college credit.
When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one region differ from another region is known as _____.
A. geographic segmentation
B. price segmentation
C. demographic segmentation
D. time segmentation
Answers
When a company chooses to market a product in certain parts of the country but not in others because consumer preferences of one region differ from another region, it is known as geographic segmentation.
What are consumer preferences?The products or commodities, which are demanded by consumers in a specific quantity at a given price due to the utility it brings to an individual consumer, is known as a consumer preference.
Hence, option A holds true regarding consumer preference.
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4. Labour Institutions Act(10MKS)
Outline five reasons that may make it necessary for a government to regulate wages of
employees in the country.
Answers
Answer:
Reduce discrimination. Reduce exploitation. Reduce inequality/ poverty. Increase productivity. Economic growth.Explanation:
It is necessary for the government to regulate wages because some companies might take advantage of little regulation to get away with many unjust and unethical actions as they chase profits or due to personal bias.
Without government regulation, there would be wage disparity between races and genders so regulation reduces that. Exploitation will also be reduced because companies will not take advantage of unemployment rates to make workers overwork themselves to keep their jobs.
Regulated wages will reduce inequality in social classes as well as poverty rates as people will be paid closer to what they deserve.
Regulated wages will also lead to improved productivity as people will be more encouraged when they are working knowing they are getting paid appropriately so they will work harder.
With people being paid appropriately, they will be able to afford more goods and invest more savings which will lead to growth in the economy.
Amika has a high-paying job that she loves. She works so much that she has little time for anything else, and she doesn’t have much family that she stays in contact with. In addition, Amika works with most of her friends, so she doesn’t really mind the long hours. She rarely takes her vacation days, though she loves to travel and works it into her lifestyle whenever she can. In what way does Amika’s job support and conflict with her lifestyle?
She can work with her friends, which supports her social life, but she has long hours, which does not allow for family time.
The job is high paying, which can support her love of nice things, but she has long hours, which does not allow for family time.
The job is high paying, which can support her love of travel, but she has long hours, which does not allow for vacations.
She can work with her friends, which supports her family life, but she has long hours, which does not allow for vacations.
Answers
Answer:
A
Explanation:
Just did it on edg
Olivia enjoys watching little birds at the many feeders in her yard. She counts how many of them she can see in her yard every morning before she leaves for school. Her data for two weeks can be seen below. Day Sun Mon Tue Wed Thu Fri Sat Week 1 31 36 24 34 45 27 41 Week 2 16 34 20 18 25 38 31 What is the mean of the number of little birds that Olivia sees in her yard each morning? Round to the nearest bird, if necessary.
a. 34
b. 31
c. 30
d. 26
Answers
Answer:
C.30
Explanation:
Add all of the numbers together, then divide by 14 (how many pieces of data there are).
The median is the middle value in a set of data.
What is the meaning of Median?The midway number in a set of data is known as the median. The data should first be arranged and ranked from smallest to greatest. Divide the total number of observations by two to get the midway value. The value in that location is the median if there are an odd number of observations; otherwise, round the number up.
The median is the value that divides a data sample, a population, or a probability distribution's upper and lower halves in statistics and probability theory. It could be referred to as "the middle" value for a data set.
A data set's median value is the point where 50% of the data points have a value that is smaller than or equal to the median.
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What is the purpose of every item in the SHARKS mnemonic?
Answers
The purpose of every item in the SHARKS mnemonic is:
S – state the agenda before you start your meeting;
H – hijackers will be at your meeting, so watch out;
A - adding relevant information is the key to a good meeting;
R – repeat the agenda at the end of the meeting;
K - keep the meeting small and short;
S - scheduling should be outside the meeting.
What is the significance of a mnemonic?A mnemonic can be referred to or considered as a tool of the English language wherein the initial letters of a concept are used to easily memorize the concept effectively.
In the given condition above, the mnemonic of SHARK is used as an effective memory tool for memorizing the purpose behind each initial in a meeting of intelligence department.
Therefore, the significance regarding mnemonic is aforementioned.
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Ann bell borrowed $12,000 at a 7% interest rate for two years. After two years, what is the total repayment amount?
Answers
Answer:
The total amount for repayment is $13,738.8
Explanation:
Amount to be repaid after x years=Principle amount *(1+(interest/100))^x
Using this, interest=7; x=2;
Amount to be repaid comes out to be 12000*(1.07)^2
i.e. 13,738.8.
Once you purchase a house. It typically appreciates in value. Appreciation is
A. an increase in value
B. stability in value
C. polite
D. a decrease in value
Answers
Answer:
A.
Explanation:
Appreciation means that something increases in value therefore it is A.
1. Which of the following is not a renewable resource?
a. Energy resources
b. Fossil Fuel
c. Natural gas
Answers
Answer:
fossil fuels
Explanation:
Although fossil fuels are continually formed by natural processes, they are generally classified as non-renewable resources because they take millions of years to form and known viable reserves are being depleted much faster than new ones are generated.
Answer:
B.
Fossil Fuel
Explanation:
Energy resources
Energy (such as ethanol), hydropower, geothermal power, wind energy, and solar energy. Biomass refers to organic material from plants or animals. This includes wood, sewage, and ethanol (which comes from corn or other plants).
Fossil Fuel
Energy sources, including oil, coal, and natural gas, are non-renewable resources that formed when prehistoric plants and animals died and were gradually buried by layers of rock. Over the past 20 years, nearly three-fourths of human-caused emissions came from the burning of fossil fuels.
Natural gas
It's considered renewable because of how easy it is to make, especially compared to nonrenewable energy sources like fossil fuels. As long as you have livestock matter or landfill materials, you can make more biomethane.
What is an example of lack of accurate and timely accounting information?
Answers
Some examples of lack of accurate and timely accounting information include:
• Outdated financial statements like income statements, balance sheets, cash flow statements, etc. that do not reflect the current financial position of the company.
• Delays in recording transactions which can lead to inaccurate accounting records. For example, invoices not recorded for weeks or months.
• Lack of periodic reconciliation of balance sheet accounts like accounts receivable, accounts payable, inventory, etc. This can result in inaccurate balances in the financial statements.
• Lack of budgeting and variance analysis to monitor key metrics and identify potential issues. Out of date or non-existent budgets provide no visibility into actual performance vs targets.
• Lack of reliable management information systems to aggregate data from different operational areas. Key metrics and KPIs cannot be tracked and monitored.
• Lack of audit trails to see the history of changes made to accounting records. This reduces transparency and increases the risk of fraud or manipulation.
• Decentralized and manual accounting processes that lead to delays, errors and redundancy. Lack of accounting automation results in low efficiency and high workload.
• Irregular or lack of management reviews of accounting information and financial statements. Important issues may go unnoticed for longer periods.
Those are some common examples of lack of accurate and timely accounting information in an organization. Let me know if you need more details.
Managers are strictly required to properly understand the role of Information Systems in their organization. Failure to do so might have adversary effects on the existence of their organization. In relation to role of IS in organization, there are practical examples where IS has created a situation to replace roles organizations have assumed for years in Ethiopian business environment. Mention at least two organizations IN Ethiopia whose role has been replaced/ threatened by IS.
Answers
Answer:
Explanation: the most which is
when the business cycle or economic activity is declining the economy is said to be what
Answers
Answer:
Contraction
Explanation:
Contraction is when the level of economic activities in a country goes down. There is decreased productivity in the country, as indicated by a decline in the GDP value. At contraction, the economy will experience a drop in real incomes, retail sales, and industrial production. The unemployment rate begins to rise steadily as companies stop hiring while other lay-off workers due to reduced demand.
When a production possibilities frontier is bowed outward, the opportunity cost of producing an additional unit of a good
Answers
The production possibilities frontier is bowed outward, this means that the opportunity cost of producing more units of a good increases.
What is the production possibilities frontier?The Production possibilities frontier is a curve that shows the various combination of two goods a company can produce when all its resources are fully utilised.
The PPF is typically bowed outward. This means that as more quantities of a product is produced, the fewer resources it has available to produce another good. As a result, less of the other product would be produced. So, the opportunity cost of producing a good increase as more and more of that good is produced.
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examples when demand may have got out of a hand?
Answers
Answer:
Recall, that we represent economic laws and theory using models; in this case we can use a demand schedule or a demand curve to illustrate the Law of Demand. The demand schedule shows the combinations of price and quantity demanded of apples in a table format. The graphical representation of the demand schedule is called the demand curve
When graphing the demand curve, price goes on the vertical axis and quantity demanded goes on the horizontal axis. A helpful hint when labeling the axes is to remember that since P is a tall letter, it goes on the vertical axis. Another hint when graphing the demand curve is to remember that demand descends.
The demand curve reflects our marginal benefit and thus our willingness to pay for additional amounts of a good. It makes sense that our marginal benefit, or willingness to pay for a good, would decline as we consume additional units because we get less additional satisfaction from each successive unit consumed. For example, at lunch time you decide to buy pizza by-the-piece. You'd be willing to pay a lot for that first piece to satisfy your hunger. But what about the second piece? Perhaps a little less. If we keep considering each additional piece, we might ask what the 3rd, 4th or 5th piece is worth to you. By that point, you'd be willing to pay less, perhaps much less. The law of demand and our models illustrate this behavior.
Explanation: