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Sergeu [11.5K]
3 years ago
5

A severe freeze has once again damaged the Florida orange crop. The impact on the market for orange juice will be a leftward shi

ft of
Use letters in alphabetical order to select options

A

both the supply and demand curves.

B

the demand curve, as consumers try to economize because of the shortage.

C

the supply curve.

D

the supply curve and a rightward shift of the demand curve, resulting in a higher equilibrium price.
Business
1 answer:
mezya [45]3 years ago
5 0

Answer:

C. Supply Curve

Explanation:

Supply : Quantities sellers are able & willing to sell at a price , period . Determinants :  Price (price supply direct relationship - upward sloping curve) , Inputs Price , Other goods price , Technology , Govt Policy , Seasonal factors .

Change in supply due to Price is 'Change in Quantity supplied' , leads  to movement along the curve . Change in Supply due to other factors is 'Change in Supply' & shifts the curve

Damage of orange crop will decrease its supply & hence derived supply of its by product orange juice .

Since the decrease in supply is due to other (seasonal) factor , it will shift the supply curve - decrease it & leftward shift . This supply deficiency leads to excess demand raising the equilibrium prices finally .

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The spread is the difference between the bid and ask prices difference between the purchase and sale prices commission charged b
liubo4ka [24]

Answer:

The difference between the commissions charged by Full service brokers , Discount brokers and Online brokers are is about 60% higher for Full service Brokers

Explanation:

The difference between the commissions charged by Full service brokers , Discount brokers and Online brokers are is about 60% higher for Full service Brokers

Full service brokers perform a lot of services like providing investment advice and analyzing the market on behalf of the investor therefore commissions charged by full service broker is usually higher

6 0
2 years ago
As a result of a fire, a small business owner loses some of her computers and other equipment. If the property of diminishing re
Y_Kistochka [10]

Answer:

a. a decrease in the marginal productivity of her remaining capital and an increase in the marginal productivity of her labor.

Explanation:

Diminishing returns In economics is the decrease in the marginal (incremental) output of a production process as the amount of a single factor of production is incrementally increased, while the amounts of all other factors of production stay constant.

Due to the fire outbreak, the owner will continuously try to increase her manual effort (labor) into the business, which at a point will overwhelm her remaining capital, leading to the decrease in the marginal productivity of what's left of her capital.

6 0
3 years ago
Monty Corporation owns machinery that cost $26,400 when purchased on July 1, 2017. Depreciation has been recorded at a rate of $
Genrish500 [490]

Answer:

a

Depreciation Expense $2,112 (debit)

Accumulated Depreciation  $2,112 (credit)

b.

Cash $13,860 (debit)

Accumulated Depreciation $13,200 (debit)

Machinery at Cost $26,400 (credit)

Profit and loss $660 (credit)

Explanation:

a.

2021 Depreciation Expense calculation

Depreciation Expense = $3,168 × 8 /12

                                      = $2,112

Therefore total accumulated depreciation will be :

Accumulated depreciation = $11,088 + $2,112

                                             = $13,200

b.

The following happen when the asset is sold :

  1. Derecognize the cost of asset
  2. Derecognize the accumulated depreciation of the asset
  3. Recognize the proceeds from sale
  4. Recognize the profit or loss on the sale of the asset.

6 0
3 years ago
During a recent lengthy strike at Morell Manufacturing Company, management replaced striking assembly line workers with office w
Jobisdone [24]

Answer: D) Favorable Unfavorable

Explanation:

To begin, it is worthy of note that in Variance, if something is said to be Favourable, it means a negative Variance because less resources than planned were spent. When it is Unfavourable, it means a positive balance variance.

Now, The formula for Labour Rate Variance is as follows,

LABOUR RATE VARIANCE=(ACTUAL RATE-STANDARD RATE)*ACTUAL HOURS WORKED

Seeing as the old workers were being paid $18, and the new office ones were paid $10, we can see that to be the actual rate was less than the standard rate. This would mean that there was a FAVOURABLE balance.

Labour Efficiency is calculated in a similar way,

LABOUR EFFICIENCY VARIANCE=(ACTUAL HOURS WORKED-STANDARD HOURS)*STANDARD RATE.

Now, these are Office workers not assemblyline workers. They do not have the experience to work in such a way that they produce as fast or as efficiently as their striking Assemblyline colleagues.

This would then mean that their actual hours will be MORE than the standard rate which can only lead to an UNFAVOURABLE BALANCE.

3 0
3 years ago
HELP PLEASSEE!!
san4es73 [151]

I THINK it's A but i'm not sure

4 0
2 years ago
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