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Nadya [2.5K]
2 years ago
14

Which of the following economic concepts BEST explains why grape tomatoes cost more than the other tomatoes in this produce depa

rtment?
Business
1 answer:
melisa1 [442]2 years ago
6 0

A tomatoes cost more than the other tomatoes in this produce department because the cost of production is higher.

<h3>Why will product cost more?</h3>

A product can cost more when the demand for the product is high thus increasing the price of the product.

A product can cost more if the cost of production is higher than any other products.

Therefore, tomatoes cost more than the other tomatoes in this produce department because the cost of production is higher.

Learn more on demand here,

brainly.com/question/1288364

#SPJ1

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Two variables have a correlation coefficient equal to -0.65 from a sample size of 10. Which one
elixir [45]

Answer:

Because the test statistic is less than the critical value, we can reject the null hypothesis  and conclude that the population correlation coefficient is less than zero.

Explanation:

Because the question is based on the hypothesis test of the significance of the correlation coefficient to decide whether the linear relationship in the sample data is strong enough to use to model the relationship in the population. If the tests concludes that the correlation coefficient is not significantly different from zero, it means that the correlation coefficient is not significant.

6 0
2 years ago
Select all that apply. When writing your resume, you must include your _____.
Varvara68 [4.7K]
You should include your name but I cant select all that apply you need to include it. I don't even know if it has name in it.
6 0
2 years ago
FlybynightSavings is offering a savings account that pays 32% compounded continuously. How much interest would a deposit of $2,0
zhenek [66]

Answer: $47,065.06

Explanation:

When interest is compounded continuously, the formula is:

Future value = Principal * <em>e</em>^(rate * time period)

= 2,000 * <em>e⁰.³² ˣ ¹⁰</em>

= $49,065.06

Amount of interest earned:

= $49,065.06 - 2,000

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7 0
2 years ago
Supler Corporation produces a part used in the manufacture of one of its products. The unit product cost is $22, computed as fol
notsponge [240]

Answer:

It is cheaper to buy the component.

Financial advantage= $23,500

Explanation:

Giving the following information:

Direct materials $7

Direct labor $8

Variable manufacturing overhead $3

Fixed manufacturing overhead $4

An outside supplier has offered to provide the annual requirement of 4,700 of the parts for only $15 each.

First, we need to calculate the total cost of making the product:

Production in-house:

Total cost= (7 + 8 + 3 + 4)*4,700= 103,400

Buy:

Fixed costs= 2*4,700= 9,400

Buy= 4,700*15= 70,500

Total cost= 79,900

It is cheaper to buy the component.

Financial advantage= 103,400 - 79,900= $23,500

5 0
3 years ago
Choose the correct answers :
Y_Kistochka [10]

Answer:

b. product A and B are subtitutes

a. the quantity of fast food consumed decreases as income increases

Explanation:

Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.

Cross price elasticity = percentage change in quantity demanded of good A / percentage change in price of good B.

The cross price elasticity of substitute goods are always positive because if the price of good B increases, the Quanitity demanded of good A rises.

Substitute goods are goods that can be used in place of another good.

Complement goods are goods that are used together. E.g. car and gas

Inferior goods are goods whose demand increases when income falls and whose demand falls when income rises.

I hope my answer helps you

6 0
3 years ago
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