1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vesnalui [34]
4 years ago
15

cientists have developed a bacteria that they believe will lower the freezing point of agricultural products. This innovation co

uld save farmers $1 billion a year in crops now lost to frost damage. If this technology becomes widely used, what will happen to the equilibrium price and quantity in, for example, the potato market?

Business
1 answer:
alex41 [277]4 years ago
5 0

Answer:

equilibrium price would fall and equilibrium quantity would increase

Explanation:

The discovery would reduce the amount of crops now lost to frost damage and increase the supply of crops e.g. potato.

As a result of the increase in supply, there would be an excess of supply over demand equilibrium price would fall and quantity would increase

Please check the attached image for a graph showing increase in supply

You might be interested in
he degree of leverage concept is designed to show how changes in sales affect earnings before interest and taxes (EBIT) and earn
Greeley [361]

Answer: 5

Explanation:

The measure used to evaluate a change in company 's operating income as a result of relative change in sales is called degree of operating leverage of the company. The operating leverage has two components that is fixed cost and variable cost.

.

Operating income of a company is denoted as EBIT, that is, earnings before interest and tax.

.

FORMULA = \frac{percentage\ change\ in\ EBIT}{percentage\ change\ in\ sales}

                = \frac{50}{10} = 5

note :-

percentage change in EBIT = \frac{1.5-1}{1}= 50%

3 0
4 years ago
You have been hired as the new controller for the Ralston Company. Shortly after joining the company in 2018, you discover the f
miv72 [106K]

Answer

The answer and procedures of the exercise are attached in the following image.

Explanation  

Please consider the data provided by the exercise. If you have any question please write me back. All the exercises are solved in a single sheet with the formulas indications.  

6 0
3 years ago
Consider the market for mobile applications, smartphones, and conventional phones. For each pair, identify whether they are comp
Bogdan [553]

Answer and Explanation:

The complementary goods are those goods which are used together while on the other hand the substitute goods are those goods that are used in place of one another

Based on this, the classification is as follows

1. Complementary goods

2. Substitute goods

3. Substitute goods

The above represents the classifications

8 0
3 years ago
Stinehelfer Beet Processors, Inc., processes sugar beets in batches.
babunello [35]

Answer:

$19

Explanation:

The computation of the financial advantage or disadvantage is shown below:

= Sale value after processed further - cost of processed further - sale value without processed further

= $91 - $29 - $43

= $19

Simply we deducted the cost of processed further and the sale value without processed further from the Sale value after processed further so that the correct amount can come

All other information which is given is not relevant. Hence, ignored it

5 0
4 years ago
What has to be done to be a military good service worker
seropon [69]

click the following link https://www.psychologyschoolguide.net/social-work-careers/how-to-become-a-military-social-worker/

5 0
4 years ago
Other questions:
  • Many telecom firms began digging up the ground and laying webs of fiberglass to meet the growing demand for Internet connectivit
    13·1 answer
  • Dibert Inc. has provided the following data concerning one of the products in its standard cost system.Inputs Standard Quantity
    5·1 answer
  • The first broad scan of all potential world markets should result in the firm being able to ________.
    7·1 answer
  • Tyson is a 25% partner in the KT Partnership. On January 1, KT makes a proportionate distribution of $16,000 cash, inventory wit
    14·1 answer
  • Suppose that the demand for toilet paper is highly inelastic, and the supply of toilet paper is highly elastic. A tax of $0.10 p
    7·1 answer
  • When a periodic inventory system is​ used, ________. A. the process for closing the Income Summary account differs from the proc
    11·1 answer
  • On October 31, the end of the first month of operations, Maryville Equipment Company prepared the following income statement, ba
    11·1 answer
  • A famous quarterback just signed a $15 million contract providing $3 million a year for 5 years. A less famous receiver signed a
    10·1 answer
  • Which completes the equation? O + A + Consideration (+_____) = K
    7·1 answer
  • True or false: Forces that are considered controllable in domestic markets may be uncontrollable in international markets.
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!