The wage rate of workers in the wine industry in Country B has increased due to negotiations between the labour unions and the employers. Explain how this will affect the market for wine in Country B. Clearly indicate how the equilibrium price and equilibrium quantity of wine will change in Country B. The direction of any changes should be clearly indicated using arrows.
Answers
Answer:
the wage rate of workers is a determinant of the supply of labor and the cost of production. An increase in the wage rate will have two effects on the market for wine:
It will reduce the supply of labor, as workers will demand more leisure time as a normal good. This will shift the labor supply curve to the left.It will increase the cost of production for wine producers, as they will have to pay higher wages to their workers. This will shift the supply curve of wine to the left.Both effects will reduce the equilibrium quantity of wine and increase the equilibrium price of wine in Country B. The direction of these changes can be shown using arrows:
Q* ↓ P* ↑
Related Questions
1. Explain how 'Returns to Scale' and 'Law of Diminishing Returns' would affect cost in a manufacturing company.
Answers
Law of diminishing return has a positive relationship with marginal cost
Explanation:
The law of diminishing returns implies that marginal cost will rise as output increases. Eventually, rising marginal cost will lead to a rise in average total cost.
Toyota is a Japanese company. Would a Toyota factory in Atlanta count as part of the United States' GDP? Why or why not?
Answers
Answer:
yes and because atlanta is in georgia united states
Which of the following statements is NOT CORRECT? a. When a corporation's shares are owned by a few individuals, we say that the firm is "closely, or privately, held." b. Going public" establishes a firm's true intrinsic value and ensures that a liquid market will always exist for the firm's shares. c. The stock of publicly owned companies must generally be registered with and reported to a regulatory agency such as the SEC. d. When stock in a closely held corporation is offered to the public for the first time, the transaction is called "going public, or an IPO," and the market for such stock is called the new issue or IPO market. e. It is possible for a firm to go public and yet not raise any additional new capital for the firm itself.
Answers
Answer:
B
Explanation:
Even if a firm goes public, its stock might still be overvalued or undervalued - the firm's value might diverge from its intrinsic value. Intrinsic value is value based on a firm's fundamentals. Going public doesn't guarantee that the firms value would merge with its intrinsic value
A privately held firm is a firm whose shares are not publicly offered. It is not listed on the stock exchange. When a private firm decides to go public for the first time, the transaction is called an initial public offering
In order to determine the average variable cost, the firm's variable costs are divided by
O its' fixed costs
O the quantity of output
O its' average costs
O diminishing marginal costs
Answers
To select the average variable cost, the firm's variable costs are divided by the amount of output.
What is average variable expense formula?In Economics, the average irregular cost is the variable cost per unit. Average variable cost is defined by dividing the total variable cost by the output. The firms use the average varying cost to decide when to stop their presentation in the short term.
How do you calculate variable cost examples?More specifically, unstable costs are equal to the total cost of materials plus the total cost of labor, which are the two main types of variable costs. Alternatively, variable costs can also be estimated by multiplying the cost per unit by the total number of units created.
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Identify at least five different careers within the Business, Management, and Administration and Finance career clusters that you could pursue in your home state, and choose the three that appeal to you the most. Of the three, write a one-page essay describing which one would be your career choice and the educational pathway that you would have to follow in order to obtain that career. Finally, identify at least three colleges, universities, or training programs that are suited to that career choice. You can use the following resources to help you
Answers
Answer:
Five careers within the Business, Management, and Administration or Finance clusters that would be interesting to me are treasurer, underwriter, debt counselor, corporate trainer, and public relations specialist. Of those careers, the three that I think would be best suited to my skills and interests are underwriter, corporate trainer, and public relations specialist.
As a public relations specialist, I would work to create positive relationships with the media, community leaders, special interest groups, and others to help boost the image of the company for which I work. I would write press releases, speeches, and other documents as the liaison to the media. As such, it would be important for me to have excellent writing, time management, public speaking, and interpersonal skills. Because the median salary is $55,680 with an average increase in employment from 2012–2022, it could be a great starting-off point that would allow me to get into the field of public relations.
To become a public relations specialist, I would need to start by getting a bachelor’s degree in public relations. Three schools that I would consider attending to get my degree are the University of Southern California–Los Angeles, University of Texas–Austin, and the University of Tennessee. Each of these schools has established programs that offer hands-on experience in the public relations field. They also offer master’s programs in communications, so I could work toward a master’s degree, as well.
Explanation:
Answer:
Of all the jobs within the Agriculture, Food, and Natural Resources and Energy clusters, I think that the following would be the most interesting for me: seismic technician, food scientist, nursery manager, weatherization manager, and zoologist. Of these career options, I think zoologist, food scientist, and nursery manager are the ones that I would consider pursuing. I would truly enjoy being a nursery manager.
I’ve always considered myself to be someone with a “green thumb.” I enjoy gardening, so I think I would love to make a career out of working in a greenhouse with various plants. I would need to learn about the various plants in the nursery: how to care for them, how to identify when they have a disease or pest, and how to treat problems that arise. As the manager, I would also need to supervise the people working in the nursery.
Some of the skills that will help me find success as a nursery manager are creativity and excellent communication, teamwork, leadership, and problem-solving skills. I would also need to complete on-the-job training and an apprenticeship. I think it would be great to get a job working in a nursery while in high school, so I can start training while I’m still in school. It would give me an opportunity to learn from someone with experience in the field.
Although many nursery-related careers require only a certification or on-the-job training, a manager can benefit from getting a bachelor’s degree in horticulture science. Some of the best programs for horticulture science are through Washington State University, University of Florida, or Cornell University. After completing the program, I would hope to open my own nursery where I could sell plants to homeowners, landscapers, or commercial industries.
Explanation:
Which option identifies the law represented in the following scenario?
Bauer comes out with a new hockey skate, and last year’s model sits on the shelves. The local hockey shop places last year’s model on sale for half price.
law of demand
law of diminishing marginal utility
law of supply and demand
law of supply
Answers
Answer:
A. law of demand
Explanation:
Sussman Co. prepared cash-basis financial statements for the month ended January 31. A summary of Sussman's January activities follows:Credit sales of $5,600.Collections of $1,900 relating to January credit sales.Accrued salaries of $1,200.By what amount will Sussman's cash-basis income for the month ended January 31 increase as a result of restating these activities to the accrual basis of accounting?A.$2,500B.$3,700C.$4,400D.$4,900
Answers
Sussman's cash-basis income for the month ended January 31 would increase by $4,900. The accrual basis of accounting records revenues when they are earned and expenses when they are incurred, regardless of when cash is received or paid out.
In this case, Sussman Co. made $5,600 in credit sales during January. However, they only collected $1,900 in cash from those sales. Under the cash basis of accounting, they would only record $1,900 in revenue. But under the accrual basis of accounting, they would record the full $5,600 in revenue because they earned it in January, regardless of when they collect the cash. Additionally, Sussman Co. incurred an expense for $1,200 in accrued salaries. But under the cash basis of accounting, they would not record this expense until they actually pay the salaries in cash. However, under the accrual basis of accounting, they would record the $1,200 expense in January because they incurred it even though they haven't paid in cash yet.
Therefore, by restating these activities to the accrual basis of accounting,
Sussman's cash-basis income is
$5,600 in credit sales - $1,200 in accrued salaries = $4,900
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A farmer must decide between growing peppers or growing tomatoes. Which trade-off is the farmer considering? (1 poin
o the combined cost of the choices, compared to the combined potential income of the choices
the profit of growing peppers, compared to the profit of growing tomatoes
the cost of growing peppers, compared to the cost of growing tomatoes
the retail value of peppers, compared to the retail value of tomatoes
Answers
Answer:he profit of growing peppers, compared to the profit of growing tomatoes
Explanation:
In the given situation, the trade-off that the farmer is contemplating would be:
b). The profit of growing peppers, compared to the profit of growing tomatoes.
'Trade-off' is described as the 'situation when either the amount or quality of a good is decreased in order to increase the quality or amount of the other.' In the given scenario, the farmer is contemplating between growing tomatoes and peppers to find out which would be more beneficial. In order to do this, he will be required to assess or estimate the profit brought by both the items to make a decision that to grow one(either tomato or pepper), which one he would reduce or give up(pepper if he chooses and tomato and vice versa).Thus, option b is the correct answer.
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a graph titled changes in the u s consumer price index from 2006 to 2016 has year on the x-axis and average percent change on the y-axis, from negative 1 to positive 4. in 2008 the percent change was 4 percent, in 2009 negative 0.3 percent, in 2010 1.8 percent, in 2011 3.1 percent, in 2012, 2.1 percent, in 2013 1.5 percent, in 2014 1.6 percent, in 2015 0 percent, and in 2016 1.3 percent. use the drop-down menus to complete the statements. inflation is a measure of how prices increase . disinflation occurred . the inflation rate was about in 2014. overall, prices declined .
Answers
The rate at which prices rise is measured by inflation. In 2009, when the percent change was -0.3%, disinflation took place.
Inflation in 2014 hovered at 1.6%. Since the average percent change was positive, prices did not generally decrease during this time. S rise in the general price level reduces the purchasing power of money by lowering the amount of products and services that each unit of currency can buy. This is why growing prices often cause inflation. High inflation may be undesirable, but low inflation may be equally damaging to the economy.
When the economy is struggling and inflation is too low, the Fed will switch to the opposing approach by lowering interest rates or buying assets to increase cash flow. Cost-push inflation results from a decrease in total supply of goods and services caused by rising manufacturing costs. Demand-driven inflation could be made worse by rising labour or raw material costs.
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Answer: increase, between 2008-2009, 1.5%, in 2009 only
Explanation: Just confirmed on edge
A Plant was purchased on 1st July, 2015 at a cost of Rs 3,00,000 and Rs 50,000 were spent on its installation. The depreciation is written off at 15% p.a. on the straight-line method. The plant was sold for Rs 1,50,000 on October 01, 2017 and on the same date a new Plant was installed at the cost of Rs 4,00,000 including purchasing value. The accounts are closed on December 31 every year.
Show the machinery account and provision for depreciation account for 3 years
Answers
Answer:
Explanation:
Here's the machinery account and provision for depreciation account for the 3 years:
Machinery Account:
2015
July 1 Dr. To Bank 3,00,000
Cr. To Plant 3,00,000
October 1 Dr. To Plant 50,000
Cr. To Cash 50,000
2016
December 31 Dr. To Provision for Depreciation 45,000
Cr. To Plant 45,000
2017
October 1 Dr. To Cash 1,50,000
Cr. To Plant 1,50,000
October 1 Dr. To Bank 4,00,000
Cr. To Plant 4,00,000
December 31 Dr. To Provision for Depreciation 60,000
Cr. To Plant 60,000
2018
December 31 Dr. To Provision for Depreciation 60,000
Cr. To Plant 60,000
Provision for Depreciation Account:
2015
December 31 Dr. To Provision for Depreciation 45,000
Cr. To Depreciation Expense 45,000
2016
December 31 Dr. To Provision for Depreciation 45,000
Cr. To Depreciation Expense 45,000
2017
December 31 Dr. To Provision for Depreciation 60,000
Cr. To Depreciation Expense 60,000
2018
December 31 Dr. To Provision for Depreciation 60,000
Cr. To Depreciation Expense 60,000
By comparing prices at different stores, consumers will:
Answers
By comparing prices at different stores, consumers will save money and make informed purchasing decisions.
How can comparing prices at different stores benefit consumers?Comparing prices at different stores allows consumers to make informed purchasing decisions and save money. By taking the time to research and compare prices, consumers can identify the best deals and discounts available for the products they intend to buy.
This practice helps them ensure that they are getting the most value for their money. It can also help consumers uncover any price discrepancies or inflated prices allowing them to avoid overpaying for goods and services.
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Identify the South African barriers to entry market share
Answers
Barriers to entry in South Africa include:
High startup costsLimited access to financingWhat are some barriers to entry ?Some industries in South Africa entail expensive start-up costs like procurement of equipment, infrastructure development or acquiring licenses which can be limiting for new entrants.
Several startups may encounter challenges in obtaining financial aid due to limited capital availability or stringent borrowing rules as well as exorbitant interest charges. The regulatory framework within the country is multifaceted and applies robust controls across a multitude of sectors that may be restrictive for businesses trying to establish themselves.
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The following are effective means of internal cash controls except OA. using checks in pre-numbered sequence to help trace deposits back to the original document B. having signature cards for all employees so anyone can make deposits OC. paying by electronic funds transfer OD. sending checks for verification A
Answers
The following are effective means of internal cash controls except:(B) having signature cards for all employees so anyone can make deposits
What are internal cash controls?
The internal cash controls are mechanisms put in place by the company to ensure the safety of its cash and account balances, I mean so as to avoid fraud and collusion by employees to defraud the company, which means that having pre-numbered sequence for checks so as to be able to trace deposits made into bank account source document is an internal control procedure.
Besides, making payments through electronic means rather than by cash nips in the bud situation where large sum of money can be stolen, so also, the verification of checks to serve second level authorization that the checks were issued is an internal cash control step.
However, creating signature cards for all employees is a breach of internal control since giving cash or checks to all employees to make deposits means that everyone has access to the cash or checks where the responsibility is meant for selected few who can be trusted not divert funds or checks belonging to the company.
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A long-term incentive is a type of
incentive given to employees that
is designed to be paid over
or longer.??
Answers
plants are in threatened state and getting rare. Discuss in the class and prepare a list of causes of rareness of animals and plants. 5.3.1 Rare Animals
Answers
A group of creatures that are extremely rare, scarce, or infrequently encountered is referred to as a rare species.
Even though extinctions happen naturally, the pace of plant and animal extinctions today is substantially higher than it was previously. The main factor contributing to greater extinction rates is habitat loss.
The introduction of harmful nonnative species, pollution, disease transmission, and habitat changes are some additional causes. Overexploitation of wildlife for commercial gain is another. Species that are in risk of going extinct include those plants and animals that have become so scarce.
Animals and plants that are threatened with extinction across all or a sizable portion of their range are those that are very likely to do so in the near future. The most species are in danger from overuse of natural resources, such as overfishing, overhunting, and deforestation of forests. The extension of land for agriculture, cattle, wood, and aquaculture is another significant industry in the world.
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Given the previously calculated Enterprise Value, what is the NTM EV/EBITDA multiple for Alibaba Group Holdings Limited?
Answers
The Alibaba Group Holding's EV-to-EBITDA for today is 12.26.
What is a EV-to-EBITDA?This is an accounting tool that measure the value of a company and are often used in conjunction the PE Ratio to determine the fair market value of a company.
In 2022, the company's Group Holding's stock price is $102.24 and its PE Ratio for today is 33.13.
However, because the EV-to-EBITDA is much better in capturing debt and net cash than the PE Ratio, we will have to state it.
Hence, the Alibaba Group Holding's EV-to-EBITDA for today is 12.26.
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Kevin invests $800 in an account that earns 5% simple interest. Jeremy invests $600 in an account earning 6%
interest compounded annually. Who will have earned more interest after 3 years? How much more?
A. Kevin will have earned $5.39 more than Jeremy after 3 years.
B. Jeremy will have earned $5.39 more than Kevin after 3 years.
C. Kevin will have earned $18.10 more than Jeremy after 3 years.
D. Jeremy will have earned $18.10 more than Kevin after 3 years.
Answers
Answer:
A
Explanation:
The United Fruit Company had an opportunity to reassess their business methods when the fungus arrived. How did they respond to the fungus? What was the result of their response?
Answers
United Fruit Company was unable to restrategize against the Fungus outbreak, simply abandoned the infected plants which leavs tens of thousands of workers jobless.
What does United Fruit Company specializes on?The company produces juices with its grown plant but was threatened by outbreak of Fungus which affected the growth of the plants
In conclusion, the Company was unable to restrategize against the Fungus outbreak, simply abandoned the infected plants which leavs tens of thousands of workers jobless.
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ABG
Question 14
Some fast-food restaurants sell only chicken, others sell only tacos and burritos, and still others sell only hamburgers. This is an example of the economic concept of
investment
А
B
business cycles
C
specialization
D
elasticity
Answers
Answer:
i think it is eaither b or c
Explanation:
Answer: C- specialization
Explanation:
List 8 factors that impede business ability of Africans
Answers
The factors that impede business ability of African can be liken to trade barriers experienced the region.
Many potential entrepreneur have been discouraged from starting their enterprises because of various business impediment.
The factors that impede the business ability includes:
Lack of good road route to deliver goods.High tax rate for locally produced goods.Very high rate of import duties.Corruptions among officers with key positionLack of support for Small & medium enterprises (SME)Inaccessibility to finance for the business startup such as loan.Unfavorable government policy or regulation..Read more about this here
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You are at the checkout counter at the local supermarket, use your debit card to pay for your groceries, and select “credit” when the cashier asks “Debit or credit?” Where does the money for this purchase come from? *
a) Your credit card company covers the cost
b) It is deducted directly from your checking account
c) Your credit card company provides you with a cash advance to cover the cost
d) It is deducted from your credit card account
Answers
Answer:
B.
Explanation:
The checking account is also known by other names such as current account, transaction account, etc. This account helps in immediate access by the owner of the account for transactions. This account is used for immediate transactions when the owner use a debit card, or withdraws cash.
In the given case, the money will be deducted from the checking account or current account when he use the debit card.
Therefore the correct answer is option B.
The money for the purchase comes directly from my checking account.
A debit card is a card that when a purchase is made, the money comes directly from the checking account linked to the debit card. Purchases reduces the amount of money in the checking account.
A credit card is a card that when a purchase is made, the money comes from the line of credit granted by the bank.
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In showing properties for sale, which of the following is a recommended course of action?
Answers
Answer:
The most recommended one is to Allow the seller's pets to roam around and interact with guests.
Bob Eberhart wants to retire in 10 years. He’s heard that he needs either $1 million or 10 to 12 times his current income of $60,000 saved. He doesn’t have either. His goal now is to save, save, save. Saving can double his nest egg if the stock market continues to deliver 7% annually in this decade. He sold his second car and is saving $500 per month.
Answers
Saving can double his nest egg if the over-the-counter stock market continues to deliver 7% yearly in this decade. 22 shares
variety of stocks that may be bought = Month savings / NAV
quantity of shares that can be purchased = 500 / 22.74
variety of stocks that can be bought = 21.99 stocks or 22 stocks
The stock market is where investors buy and promote shares of companies. it's fixed of exchanges in which groups issue stocks and other securities for trading. it is usually (OTC) marketplaces in which investors trade securities without delay with every different (over the counter via an alternate).
Stock markets are venues in which customers and sellers meet to alternate equity stocks of public groups. inventory markets are components of an unfastened-market economic system over-the-counter fact over the counter over the country permit democratized get entry to investor trading and trade of capital.
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Your company has decided to give employees yearly mental health days, in addition to the sick leave and vacation days that already exist. The company sends out an e-mail to employees explaining the new benefit and urges them to take care of themselves and to understand the importance of good mental health. The leaders of this company probably think of leadership as which of the following?
a. relationship
b. skill
c. influence
d. process
Answers
Answer:
A relationship because he/she is reaching out personaly
10. When developing a business plan for a new venture, an entrepreneur should include a comprehensive description of the customers the new business wants to attract in the A. Market-segment analysis. B. SWOT analysis. C. Promotional plan. D. Corporate philosophy summary.
Answers
Draft an executive summary.
Describe your company.
Perform a market analysis.
Outline the management and organization.
List your products and services.
Perform customer segmentation.
Define a marketing plan.
Provide a logistics and operations plan.
Chelsea is a dispatcher who answers calls from patients with medical emergencies
and assigns medical personnel to address patient needs. What education would
Chelsea most likely have needed to complete to get her job?
high school diploma
associate degree
bachelor's degree
master's degree
Answers
Answer:
The answer is an associate degree
Explanation:
I just took the test and got it right.
Answer:
associate degree is the answer
2. What is the importance or advantage of acquiring skills on knitting? Give at least 4
Answers
Plot the data in the table on the graph below. Remember, price is on the vertical axis and quantity is on the horizontal axis. PLEASE HELP
Answers
Explanation:
Plot the data in the table on the graph below. Remember, price is on the vertical axis and quantity is on the horizontal axis.
Quantity is on the horizontal axis so the data in the price column are X values
Price is on the vertical axis so the data in the price column are Y values
Quantity is in thousands so your points are:
(1000 , 10)
(2500 , 9)
(4000 , 8)
(5500 , 7)
(7000 , 6)
(8500 , 5)
(10000 , 4)
(11500 , 3)
(13000 , 2)
(14600 , 1)
(16000 , 0)
[NOTE: a photo of the graph grid has not been provided in the photo so scaling may not be exact]
Please upload a photo of the grid you are given for a graph to size.
UDig is a large mining company based in country B. UDig is in the private sector. It supplies
businesses in country B with 30% of the coal they need and the rest is imported.
Answers
A private company is a for-profit organization that does not belong to the state but a particular group or individual.
The term private company refers to a for-profit organization that is controlled by a group of people or an individual and does not belong to the State.
Private companies are also characterized by:
It develops an economic activity such as the production, distribution, or sale of some good or service to obtain profits (for profit).It can be sold to the State, but it would cease to be a private company.It can be privatized after being a public company.It can compete with the public company.You must pay taxes to the government and guarantee for your workers all the benefits established by law.The private sector refers to the set of private companies in a country, they can be foreign or national companies.
Note: The question is incomplete. Here's the full question:
Define 'private sector'.
UDig is a large mining company based in country B. UDig is in the private sector. It supplies businesses in country B with 30% of the coal they need and the rest is imported.
UDig now has eight mines but plans to close two of them. This will threaten 1800 employees with redundancy. The Managing Director said: ‘I blame the appreciation of country B’s exchange rate and new legal controls, including those to protect the environment. The Government should help private sector businesses. '
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A new home sold for $350,000. The tax rate is $.825 per hundred or fraction thereof. How much will the annual taxes be on this property?
Answers
Answer:
$2,887.50
Explanation:
$350,000 ÷ 100 = $3,500
$3,500 x 0.825 = $2,887.50
hope this helps :)
The annual taxes on this property would amount to approximately $2,887.50.
To calculate the annual taxes on the property, we need to determine the taxable value of the property and then apply the tax rate.
Given:
Selling price of the home: $350,000
Tax rate: $0.825 per hundred or fraction thereof
To calculate the taxable value, we divide the selling price by 100 and round up to the nearest whole number:
Taxable value = Selling price / 100
Taxable value = $350,000 / 100
Taxable value = $3,500
Next, we multiply the taxable value by the tax rate:
Annual taxes = Taxable value × Tax rate
Annual taxes = $3,500 × $0.825
Annual taxes = $2,887.50
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