All categories

1 year ago

a. what happens to the number of sandwiches and ice cream cones consumed if the price of ice cream cones rises to $2 a piece?

1 answer:

3 0

It is to be noted that the demand for sandwiches and ice cream cones consumed after the price of ice cream cones rises to $2 a piece will both reduce (all things being equal).

<h3>Why would the demand for both items reduce?</h3>

The demand for both goods will both come down because they are complementary or joint demand goods.

A pair of goods are termed "joint demand" when both must or usually is consumed with the other.

Recall that (where all things are equal) demand will decrease as price increases.

Learn more about demand at;
brainly.com/question/1245771
#SPJ11

You might be interested in

When the risks of the individual components of a project’s cash flows are different, an acceptable procedure to evaluate these c

maxonik [38]

The answer would be the first one for sure

3 0

3 years ago

A benchmark market value index is comprised of three stocks. Yesterday the three stocks were priced at $16, $24, and $55. The nu

tatyana61 [14]

Answer:

The 1-day rate of return on the index = 5.36%

Explanation:

Index Value = Sum of (Outstanding Shares*Share Price)

q p mv q1 p1 mv1

640,000 16 10240000 640000 20 12800000

540,000 24 12960000 540000 22 11880000

240,000 55 13200000 240000 57 13680000

36400000 38360000

Note: q/q1 = no of shares, p = price per share, mv/mv1 = market value, p1 = changed price per share

Return = (Index Value Today - Index Value Yesterday)/Index Value Yesterday

Return = (38360000 - 36400000) / 36400000

Return = 0.05385

Return = 5.36%

3 0

2 years ago

The country of Baurisia has, until now, been self-sufficient in both grain and meat. However, with growing prosperity in Baurisi

meriva

Answer:

D) It is more economical for Baurisians to import meat than grain.

Explanation:

The argument states that meat consumption in Baurisia is steadily increasing while domestic production is not.

There are two alternatives:

import more grains to feed more animals and produce more meat (the argument favors this option),
or simply import more meat.

But if importing meat is cheaper than importing grains, then there is no need to import more grains in order to feed animals and later get meat from them, you just simply and directly import meat.

4 0

2 years ago

The part of the formal business plan in which you discuss the industry, business structure, products and services, and how you p

max2010maxim [7]

The executive summary is the part of formal business plan which discusses the industry, business structure, products and services and other plan to make the business successful.

The business plan is a formal and written document which outlines the goals of the company, shows tasks to be performed and shows the financial plans to be use to accomplish the outlined goals.

The part of the business plan includes:

Executive summary shows the summary of key points in the business plan.
Marketing plan shows the promotion and marketing plans of the business.
Key management bios shows the planned management structure of the business
Financial plan shows the finance plans of the business

Therefore, the executive summary is the part of formal business plan which discusses the industry, business structure, products and services and other plan to make the business successful.

Learn more about this here

brainly.com/question/15826771

7 0

2 years ago

Suppose a stock had an initial price of $57 per share, paid a dividend of $1.1 per share during the year, and had an ending shar

kolbaska11 [484]

Answer:

12.46%

Explanation:

Data provided

Dividend income = $1.1

Ending share per price = $63

Initial price = $57

The computation of the percentage total return is shown below:-

Total return = (Dividend income + (Ending share per price - Initial price)) ÷ Initial price

= ($1.1 + ($63 - $57)) ÷ 57

= ($1.1 + $6) ÷ 57

= $7.1 ÷ 57

= 0.12456

or 12.46%

6 0

2 years ago