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crimeas [40]
2 years ago
12

Suppose consumer income increases. If grass seed is a normal good, the equilibrium price of grass seed will a. decrease, and pro

ducer surplus in the industry will decrease. b. increase, and producer surplus in the industry will increase. c. decrease, and producer surplus in the industry will increase. d. increase, and producer surplus in the industry will decrease.

Business
1 answer:
Marta_Voda [28]2 years ago
7 0

Answer:

b. increase, and producer surplus in the industry will increase

Explanation:

A normal good is a good whose demand increases as income increases.

If grass seed is a normal good, when income rises, demand increases and the demand curve shifts to the right. This would lead to an increase of demand over supply which would lead to a rise in price.

The rise in price increases producers surplus.

Producers surplus is the least price a producer is willing to sell a product and the actual price the product is sold. If price rises, producer surplus increases.

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How is owner’s equity affected when is paid for expenses?
Kobotan [32]

Answer:

Profit and loss are directly linked to the amount of money the company is spending to run its business -- its operating expenses. So changes in operating expenses naturally affect owner's equity.

4 0
2 years ago
Drum buffers are:
maks197457 [2]

Answer: Extra safety that is applied to a project immediately before the use of the constrained resource.(D)

Explanation:

Drum buffer can be explained as period of time that is used to safeguard the drum resource from the problems that occur from the drum operation.

The aim of the drum buffer effect is to provide a recheck of the work in order not to deviate from the real aim of the project. The buffer makes up for the process variation, and makes the project stable as it gives extra safety which is applied mmediately before using constrained resource.

6 0
3 years ago
Carol wants to invest money in a 6% CD account that compounds semiannually. Carol would like the account to have a balance of $5
mash [69]

Answer:

PV= $37,204.70

Explanation:

Giving the following information:

Interest rate= 6% compounded semiannually= 0.03

Future value= $50,000

Number of periods= 5*2= 10

To calculate the initial investment to reach the objective, we need to use the following formula:

PV= FV/(1+i)^n

PV= 50,000/(1.03^10)

PV= $37,204.70

8 0
3 years ago
On September 3, 20X8, Jackson Corporation purchases goods for a U.S. dollar equivalent of $17,000 from a Swiss company. The tran
AfilCa [17]

Answer:

Foreign currency transaction loss : $1000

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Explanation:

4 0
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How responsible should sport/event organizations, celebrities, and athletes be for keeping their various publics happy? We know
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Answer:

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Explanation:

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