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2 years ago

A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a

Business

1 answer:

rusak2 [61]2 years ago

6 0

The initial effect on the lettuce market is (C) a decrease in the supply of lettuce.

<h3>What is the lettuce market?</h3>

Lettuce is divided into two types: head (iceberg) and leaf (romaine, butterhead, and leaf).
Since colonial times, lettuce has been farmed in the United States.
The ice shipping industry emerged in the western states in the early 1900s, boosting the range and appeal of lettuce.
Only potatoes outnumber lettuce salads in terms of annual consumption per capita.
In 2015, the annual consumption of all varieties of lettuce was 25.8 pounds per person, with head lettuce accounting for 51% (13.3 pounds per person).
Consumption of lettuce was about the same as in the preceding three years, but down approximately 20% from ten years before.

As a severe drought has damaged this year's lettuce crop.

Therefore, the straightforward initial effect on the lettuce market is (C) a decrease in the supply of lettuce.

Know more about the lettuce market here:

brainly.com/question/13180141

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Complete question:

A severe drought has damaged this year's lettuce crop. The initial effect on the lettuce market is a _____

A. decrease in the demand for lettuce.

B. rightward movement along the demand curve for lettuce.

C. a decrease in the supply of lettuce.

D. a decrease in both the demand and supply of lettuce

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Find the future values of these ordinary annuities. Compounding occurs once a year. Do not round intermediate calculations. Roun

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Answer:

FV of ordinary annuity:

$500 per year for 12 years at 6%.

FV = $500 x 16.870 (FV annuity factor, 6%, 12 periods) = $8,435

$250 per year for 6 years at 3%.

FV = $250 x 6.4684 (FV annuity factor, 3%, 6 periods) = $1,617.10

$800 per year for 2 years at 0%.

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$500 per year for 12 years at 6%.

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3 years ago

Plantwide Overhead Rate, Activity-Based Costing, Job Costs

lisov135 [29]

Answer:

Foto-FAst Copy Shop

1. Predetermined overhead rate = $4 per direct labor hour

2. Predetermined overhead rate = $11 per direct labor hour

3. Total job cost (Rick Anselm):

May 20 = $26.00

June 20 = $30.00

4. The two overhead rates:

a. $26.40 per machine hour

b. $3.71 per direct labor hour

Explanation:

a) Data and Calculations:

Average overhead per year prior to the purchase of the new equipment = $30,400

Average overhead per year after the installation of new equipment = $83,600

Budgeted direct labor hours for the year = 7,600

Wage rate = $9 per hour

1. Predetermined overhead rate prior to the purchase of the new equipment

= $4 ($30,400/7,600)

2. Predetermined overhead rate after the new equipment was purchased

= $11 ($83,600/7,600)

3. Cost of Rick Anselm's job on May 20:

Materials ($0.03 * 600) $18.00

Labor ($9 * 36/60) 5.40

Overhead applied 2.40 ($4 * 36/60)

Total cost of job = $25.80 = $26

Cost of Rick Anselm's job on June 20:

Materials ($0.03 * 600) $18.00

Labor ($9 * 36/60) 5.40

Overhead applied 6.60 ($11 * 36/60)

Total cost of job = $30.00

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Overhead rates $26.40 $3.71

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3 years ago

2. How are school rules similar to state and federal laws? What woud the typical American high school be like if there were no r

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4 years ago

A sales associate employs a licensed personal assistant. The assistant will prepare CMAs, design property flyers, hold open hous

strojnjashka [21]

Answer:

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The sales associate works for the broker and his/her assistant works for him. Therefore the sales associate is responsible for paying the assistant's salary and withhold taxes since he is the employer. But since the assistant will also earn 20 percent of the sales associate's commissions, that should be paid by the broker directly (80% to the sales associate and 20% to the assistant).

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4 years ago

Labor demand is less elastic when: _____________

garri49 [273]

Answer:

The correct answer is B. Labor demand is less elastic when a large amount of labor is essential to the production process.

Explanation:

Inelastic demand is one that is not very sensitive to sudden changes in its quantity, even in the face of important changes in the context in which they operate, such as a change in the price if it is a product for sale, or in the working conditions or wages if you talk about labor demand.

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3 years ago