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Charra [1.4K]
4 years ago
10

The price of coffee rose sharply last month, while the quantity sold remained the same. five people suggest various explanations

:
Business
2 answers:
Virty [35]4 years ago
5 0
<span>The price of coffee rose sharply last month, while the quantity sold remained the same can be a  result of several situations and therefor there are several explanations that are possible:
</span><span>Demand increased, but supply was perfectly inelastic.
</span><span>Demand increased, but supply decreased at the same time.
</span>Supply decreased, but demand was perfectly inelastic.
olga nikolaevna [1]4 years ago
3 0
<span>The suggestions of the explanations were not included however, if the price of coffee increased significantly but the quantity sold remained the same, the demand for coffee did not change with the increase in price. Those who want to purchase coffee were not affected by the increase of price. Demand increased but the supply was perfectly inelastic. </span>
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One factor that is usually higher in less developed countries (LDCs) than in developed countries is _____.
USPshnik [31]

Answer:

D) infant mortality

Explanation:

Infant mortality rate (IMR) is a ratio that measures how many infants (children under one year of age) die for every 1,000 live births. The IMR serves as an indicator of how healthy a country's population is.

The countries with the highest IMR are Afghanistan, Somalia, Central African Republic. While the countries with the lowest IMR are Japan, Iceland and Singapore.  

4 0
3 years ago
Suppose that the total utility from consuming one unit of good X is 54 utils, the total utility of two units of good X is 74 uti
mars1129 [50]

Answer: a. 10 utils

Explanation: The marginal utility from consumption of the third unit of goods is gotten by taking the difference between the total utility derived from three units of goods and the total utility derived from two units of goods.

Total utility from three units = 84 utils

Total utility from two units = 74 utils

84 - 74 = 10 utils which is the marginal utility of the third unit.

4 0
3 years ago
What is small business development
makvit [3.9K]

Answer:

Explanation:

Small Business Development Centers (SBDCs) provide business-related assistance and knowledge to help entrepreneurs start, run, and grow their businesses.

5 0
2 years ago
How does the overall economy and it’s various aspects impact your life and finances?
irinina [24]
Well the economy is basically what our money runs on. Why things are a certain price and things like that. That effects us as citizens Bc here maybe a gallon of milk is 3 dollars but maybe the same gallon of milk is less money in another country. The economy effects me Bc helps determine how much money I make and how much to spend on certain items.
4 0
4 years ago
Southern Tours is considering acquiring Holiday Vacations. Management believes Holiday Vacations can generate cash flows of $218
PIT_PIT [208]

Answer:

The correct answer is option (A) $519,799.59.

Explanation:

According to the scenario, the given data are as follows:

Payment 1st year = $218,000

Payment 2nd year = $224,000

Payment 3rd year = $238,000

Rate of interest = 14.5%

So, We can calculate the amount Southern Tours willing to pay by using following formula:

We add the payment for 3 years by simple interest as:

=  \frac{payment (1st year)}{1+r^{t1}  } +\frac{payment (2nd year)}{1+r^{t2}  }  + \frac{payment (3rd year)}{1+r^{t3}  }

=  \frac{218,000}{1+0.145  } + \frac{224,000}{(1+0.145)^{2}  } + \frac{238,000}{(1+0.145)^{3}  }

= $519,799.59

Hence, the amount Southern Tours willing to pay is $519,799.59.

4 0
3 years ago
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