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patriot [66]
2 years ago
11

Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and oreos are complements i

n consumption. Suppose that the price of oreos increases, how does this affect the market of tofu
Business
1 answer:
disa [49]2 years ago
8 0

Milk is used in the production of cheese. Cheese and tofu are close substitutes in consumption. Milk and Oreos are complements in consumption. Suppose that the price of Oreos increases, how does this affect the market for tofu?

The correct answer is decreasing in price will increase the quantity demanded.

<h3>Why does price decrease when demand increases?</h3>

If demand does not change, there is an inverse relationship between the supply of goods and services and the price. As the supply of goods and services increases with the same demand, prices tend to fall to lower equilibrium prices and higher equilibrium quantities of goods and services.

The relationship between price and demand is negative. H. They are inversely proportional. The inverse relationship means that when the price of a product goes up, the demand for that product goes down, and vice versa. This is due to the law of reducing marginal utility.

Learn more about the price of oreos increases here

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The participation of women in the U.S. labor force has risen dramatically since 1970. True or False: This rise likely increased
Nimfa-mama [501]

Answer:

Part 1: The correct option is False.

Part 2: The correct option is False.

Explanation:

<em>For the first Question</em>

The correct answer is False as GDP has increased due to women participation in workforce.

<em>For the second Question</em>

The correct answer is False as the change in measure of well being is less than the change in GDP.

5 0
3 years ago
Marigold Corp. reported the following year-end information: beginning work in process inventory, $90000; cost of goods manufactu
Stels [109]

Answer:

=$854,000

Explanation:

The cost of goods sold is the expense incurred by a manufacturing firm when making goods to be sold to customers. It is calculated using the formula.

Cost of goods sold = Beginning Stock plus purchases/ cost of goods manufactured minus  ending stock

Marigold Corp:

Beginning stock: $162,000

Ending stock: $174,000

cost of goods manufactured, $866000;

cost of goods sold =

$162,000 + 866,000 -$174,000

=$854,000

7 0
3 years ago
Describe a "rite of initiation" that you experienced at a place of work. This could be described via a situation in which you be
SCORPION-xisa [38]

Answer: Rites of initiation is a good thing at the workplace. The answer is explained further below.

Explanation:

Initiation is the rite of passage marking the entrance or acceptance into an organization, a group or a society. The rite of initiation I experienced at a place of work was when I worked as an intern for a firm and I was told that the rite of initiation was for me to sing my favourite song. I actually sang my favorite song and it was fun and I was welcomed into the organization and introduced myself.

I believe rites of initiation are important at the workplace. It helps to increase engagement, boost employee moral, and also foster a supportive culture. It also enable the organization reach its goals as the workers are united and work as a team.

3 0
3 years ago
Marquis Company uses a weighted-average perpetual inventory system.
timama [110]

Answer:

The amount of the cost of goods sold for this sale is $98.4

Explanation:

Marquis Company uses a weighted-average perpetual inventory system

August 2, 22 units were purchased at $3 per unit,

Total cost = $3 x 22 = $66

Average cost per unit: $3

August 18, 27 units were purchased at $5 per unit

Total inventory = $66 + $5 x 27 = $201

Average cost per unit = $201/(22+27) = $4.1

August 29, 24 units were sold

Cost of goods sold = 24 x $4.1 = $98.4

8 0
3 years ago
With respect to advertising, _____ opinion leadership can involve presenting the results of surveys showing that a high percenta
Bad White [126]
The answer is stimulating.
3 0
3 years ago
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