Answer:
a. Both the equilibrium quantity as well as equilibrium price will decline.
b. The equilibrium price will fall while the equilibrium quantity will increase.
c. Both the equilibrium price as well as equilibrium quantity will increase.
Explanation:
a. If an outbreak of food poisoning is traced to eggs, this will cause the demand for eggs to decline. The demand curve will move to the left. Both the equilibrium quantity as well as equilibrium price will decline.
b. Scientists breed a new chicken that lays twice as many eggs each week. This will cause the supply of eggs to increase. The supply curve will move to the right. As a result, the equilibrium price will fall while the equilibrium quantity will increase.
c. A popular talk show host convinces her viewers to eat an egg a day. This will cause the demand for eggs to increase. The demand curve will move to the right. As a result, both the equilibrium price as well as the equilibrium quantity will increase.
Answer:
Statements A, B and, C are correct.
Explanation:
Calvin can make decals faster and Hobbs can make chains faster. In other words, we can say that Calvin has a comparative advantage in making decals, while, Hobbs has a comparative advantage in making chains.
This means that Calvin has a low opportunity cost for producing decals and Hobbs has low opportunity cost for producing chains.
The output will be maximized if Calvin makes decals and Hobbs makes chains.
If both divide their time equally between making decals and chains, the output will not be maximized.
Answer:
the answer is a) you can clear the intersection before the light turns red
Explanation:
Answer:
Option (D) is the correct answer to this question.
Explanation:
Global brand adaptations are made except when necessary to better communicate the brand to consumers from different markets because it has a particular market image. Global brands are brands that are widely recognized around the world.
Companies which intend to create global brands must do the following:
- Classify the perceived attractiveness of your product in each sector.
- Carry out studies of attitude and usage in each region you are planning to enter.
Other options are incorrect because they are not related to the given scenario.
Answer:
The answer is b. job order and process cost systems.
Explanation:
There are two main cost accounting systems; the job order costing and the process costing. Job order costing is a cost accounting system that accumulates manufacturing costs separately for each job whereas Process costing is a cost accounting system that accumulates manufacturing costs separately for each process.