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yulyashka [42]
3 years ago
12

How can the price of baseball bats be affected by the demand for paper

Business
1 answer:
andrey2020 [161]3 years ago
3 0

Answer:

- Higher demand for paper, less wood for bats, the higher price of bats, OR less supply of bats.(have to pay a higher price for wood, and if price doesn't change, they have to make less).

- Higher demand for cheese, cows kept alive, leather is scarce, the higher price of mitts. (less supply because more of the resource is allocated to the milk instead of the leather).

Explanation:

The baseball bats, as well as, paper both, are made employing the resources generated from wood resources. Similarly, the catcher's mitts and cheese are made using the cows as the resource. If two products are made employing similar resources, an increase in the price of one leads to an increase in the other as well. This occurs primarily due to the fact that if the price of the first good increases, the producer of that good is likely to pay more to get the resource and sell the good at a higher price later. Thus, the other producer will either buy less and produce less or spend more to get the resource as per his need.

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During a pandemic, an economy goes into a recession due to a decrease in aggregate demand. Assume the government creates a progr
den301095 [7]

The spending that would occur during the third round of spending if the marginal propensity to consume (MPC) was 0.6 will be $420 billion.

  • Increase in expenditure = $700 billion.
  • Marginal propensity to consume = 0.6

The amount of spending based on the information given will be:

= 0.6 × $700 billion

= $420 billion.

Therefore, the correct option is $420 billion.

Read related link on:

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7 0
2 years ago
Sheffield Corp. is constructing a building. Construction began on January 1 and was completed on December 31. Expenditures were
valentina_108 [34]

Answer:

$8,495,833

Explanation:

<u>Calculation of weighted-average accumulated expenditures</u>

Date     Payments    Funds used        Annualized               Amount

Mar 1    $6450000       10/12             $6450000*10/12       $5,375,000

Jun 1    $5350000        7/12              $5350000*7/12         $3,120,833

Dec 31  $8250000       0/12              $$8250000*0/12      <u>$0                </u>

Weighted Average Expenditures                                        <u>$8,495,833</u>

6 0
2 years ago
AE Corp. completed the following transactions during Year 1: Issued 3,000 shares of $10 par common stock for $25 per share. Repu
AleksandrR [38]

Answer:

4,700 shares

Explanation:

The computation of the number of shares of common stock outstanding at the end of the period is shown below

= Beginning shares + issued shares  - repurchase shares + reissue shares

= 2,000 shares + 3,000 shares - 500 shares + 200 shares

= 4,700 shares

We applied the above equation to find out the number of shares outstanding at the end of the year

6 0
3 years ago
Selling similar merchandise at a price above the competition is done with the hope of selling greater quantities of the merchand
irina [24]

Answer:

False

Explanation:

In order to attract more customers to your store and sell larger quantitative, you must sell at a price below the competition, not above.

Rational customers should purchase at the lowest possible price, that is the basic concept behind the law of supply and demand. A lower price should result in a higher quantity demanded.  

3 0
3 years ago
Assume that the dollar is selling at a premium on the 30-day dollar/euro forward market. Which of the following is true of the f
spayn [35]

Explanation:

The dollar will appreciate against the euro because USD is selling at a premium in EURO to USD market.

5 0
3 years ago
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