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
Georgia [21]
3 years ago
6

Suppose conditions arise in the sugar market that would lead to a competitive equilibrium price that is below 18.75 cents per po

und. In this​ situation, sugar mills will​ __________.
Business
1 answer:
Anarel [89]3 years ago
6 0

Answer:

Sugar mills will not sell to private businesses, but rather sell to the government. This will force the price back up to $18.75

Explanation:

When there is a situation that will result in fall of equilibrium price, sellers can protect themselves by creating artificial scarcity in the private sector.

By selling to the government they are still engaging in business. The private firms will have to pay more for scarce sugar in the market, thereby pushing the price back up.

You might be interested in
Vertically integrated corporations: Group of answer choices led influential economist David A. Wells to call for a simpler form
jok3333 [9.3K]

Answer:

The acquisition of businesses that gives the company control of supply chains is vertical integration.

Explanation:

Vertically incorporated corporations acquires either its customer's business or its supplier's business to have a control of supply chains and distribution channels.

The customer's business acquisition is often referred to as forward integration and the movement of a company to acquire its supplier's business is often referred to as backward integration.

6 0
3 years ago
Read 2 more answers
According to classical economics, a decrease in aggregate demand causes the price level to _____________ in the long run. On the
shtirl [24]

Answer: Decrease, Increase, Price flexibility.

Explanation: According to classical economics, a decrease in aggregate demand causes the price level to DECREASE in the long run. On the other hand, an increase in aggregate demand causes the price level to INCREASE in the long run. These changes occur because of PRICE FLEXIBILITY.

In a flexible market the forces of demand and supply determines the prices of commodities in the market.

As the demand Falls the prices also fall as the demand rises the prices of commodities also rises.

3 0
3 years ago
An operation that closes due to an imminent health hazard can reopen only after getting approval from what agency?
Inessa05 [86]

Answer:

<u>the FDA (U.S. Food and Drug Administration)</u>

Explanation:

The Food and Drug Administration is a federal agency, which is allowed under US law to prevent an operation from going on if it determines that an imminent health hazard still exists.

However, according to the FDA food code, <em>"if immediate corrective action is taken, there is no "Imminent Health Hazard," meaning</em> the operation can get approval from the agency to reopen.

3 0
3 years ago
Which one of the following is not positive to say to a customer?
Gennadij [26K]
"What I can do is" because it sounds a little aggressive.
3 0
3 years ago
The Chief Information Officer (CIO) and the Managing Director (MD) of Illustrious Limited recently had the following conversatio
-Dominant- [34]

Answer:

Illustrious Limited

a) I sympathize with the MD.  He noted "We have been through these types of projects before, and what always ends up happening is that we do not get the new system we are promised. Instead, we get a modified version of the old system."  The implication of his assertion is that something is missing in the way the CIO and her team had been handling system development projects in the past.  Even the CIO acknowledged the MD's assertions by assuring "that this will not happen this time."  In the past, the system development team had neglected understanding "what is working well and what is not."  This should not be the case in any good system development.  Preliminary analysis or investigation should uncover users' requirements and then conduct a thorough system analysis before the design and other stages are carried out in an iterative process.

b) I would recommend SCRUM instead of the Waterfall methodology.  With Scrum, the system development project is teamwork.   The team is held accountable and SCRUM utilizes iteration to achieve well-defined goals.  The SCRUM framework "begins with a simple premise, starting with what can be seen or known before it tracks progress and tweaks as necessary," to achieve set goals defined by users' requirements.

Explanation:

a) System Development is a process that follows a system development life cycle (SDLC) methodology and involves these seven stages: requirement analysis, system analysis, system design, development or programming, testing, implementation and documentation, and evaluation and support.

b) SCRUM is a framework in SDLC which follows "a set of meetings, tools, and roles that work in concert to help teams structure and manage their work."  SCRUM has been described as "an agile way to manage a project," especially software development because of its "iterative and flexible approaches."

c)  Waterfall model, on the other hand, follows linear sequential phases of conception, initiation, analysis, design, construction, testing, deployment, and maintenance, and each stage depends on the deliverables of the previous stage.  This is why "in software development, it tends to be among the less iterative and flexible approaches, as progress flows in largely one direction ("downwards" like a waterfall) through the phases."

4 0
3 years ago
Other questions:
  • 1. Determine the inventory on June 30 and the cost of goods sold for the three-month period, using the first-in, first-out metho
    5·1 answer
  • What is swot analysis
    15·1 answer
  • The following information pertains to Ash Co., which prepares its statement of cash flows using the indirect method: Interest pa
    10·1 answer
  • What is network architecture?
    9·1 answer
  • The term market structure refers to
    12·1 answer
  • What tendency is most likely manifest in the following situation? An engagement team performed a substantive analytical procedur
    15·1 answer
  • 14. Based on the bond price, we could say that it was issued at _____. Then, what could you say about the interest rate at the t
    6·1 answer
  • Macroeconomics​ examines: A. how individual firms make​ choices, such as how they decide what prices to charge. B. the economy a
    13·1 answer
  • Can this setup be used to electroplate a layer of silver on a pair of wooden chopsticks??​
    7·1 answer
  • If Barcelona has a core staff of restaurant managers and head chefs and contracts with staffing agencies to fill all other posit
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!