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Eva8 [605]
3 years ago
13

When new technology for the more efficient production of peanut butter was implemented, the supply curve for peanut butter

Business
2 answers:
zaharov [31]3 years ago
7 0

Answer:

The correct answer is: shifted to the right.

Explanation:

The shift in the supply curve: changes in production costs and related factors can cause an entire supply curve to shift to the right or to the left. This causes a greater or lesser amount to be offered at different prices.

When a company discovers a new technology that allows it to produce at a lower cost, the supply curve also shifts to the right. For example, in the 1960s, a great scientific discovery called the Green Revolution focused on growing improved seeds for basic crops such as wheat and rice. In the early 1990s, more than two thirds of wheat and rice in many low-income countries were grown with these seeds of the Green Revolution, and the harvest was twice as large per hectare. A technological advance that reduces production costs will shift supply to the right, which will cause more to occur at different prices.

stellarik [79]3 years ago
5 0

Answer:

shifted to the right

Explanation:

the supply curve for peanut butter shifted to the right

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What are the advantages of a Free Enterprise system to consumers?
nlexa [21]
Answer is d. all of the above
8 0
3 years ago
Read 2 more answers
Boyd's Bicycle Sales and Repairs Co. offers a 6-month warranty on all new bicycle purchases. Based on history, Boyd determines t
guapka [62]

Answer:

Boyd will record Warranty Expense in the amount of $400 for the month.

Explanation:

Warraty expense is an obligation on the business because business idmliable to accept the claims of warranty. A estimated percentage of warranty expense is charges as an expense in each period.

Sales = $20,000

Warranty repair = 2% of Sales

Warranty Expnese = Sales x Warranty repairs percentage

Warranty Expnese = $20,000 x 2%

Warranty Expnese = $400

4 0
3 years ago
Item 16Item 16 Oscar makes purchases of an existing product (X) such that the marginal utility of the last unit he consumes is 1
padilas [110]

Answer:

increase his consumption of product Y and decrease his consumption of product X

Explanation:

Base on the scenario been described in the question, Oscar make purchase of a X product which he already has, which after consuming has a 10 utils costing him $5, he also purchase another product Y he which after consuming has 8 until costing, this suggest that Oscar reduce his consumption on X and increase his consumption on Y according to the equal marginal principle.

The equal marginal principle talks about the behavior of a consumer in sharing his available income within various goods and services. This law states that how a consumer distributes his money income within various goods to be able obtain maximum satisfaction.

5 0
3 years ago
Transactions/events: 1. Acquired $25,000 from the issue of common stock. 2. Purchased $2,500 of supplies on account from the Gad
shepuryov [24]

Answer:

I guess that you need the journal entries:

1. Acquired $25,000 from the issue of common stock.

Dr Cash 25,000

    Cr Common stock 25,000

2. Purchased $2,500 of supplies on account from the Gadget Supply Agency.

Dr Supplies 2,500

    Cr Accounts payable 2,500

3. Performed security services at local sporting events during the year for $8,000 cash.

Dr Cash 8,000

    Cr Service revenue 8,000

4. Paid salaries expense of $3,000 for the year.

Dr Salaries expense 3,000

    Cr Cash 3,000

5. Purchased land, paying $10,000 cash.

Dr Land 10,000

    Cr Cash 10,000

6. Paid utility expenses of $2,000 for the year.

Dr Utilities expense 2,000

    Cr Cash 2,000

7. Paid a cash dividend of $1,500 to the shareholders.

Dr Dividends 1,500

    Cr Cash 1,500

8. Found out from an appraiser that the market value of the land on 12/31 was $12,500.

NO JOURNAL ENTRY

7 0
3 years ago
2011/1/14 Paid wages 50,000<br>journal entry <br><br><br><br>​
Artemon [7]

Answer:

see below

Explanation:

Wages are business expenses. In the Double entry system, an increase in expenses is a debit entry.

When wagers are paid, cash available reduces. Cash is an asset account. A decrease in an asset account is a credit entry.

the Journal entry in the case will be

Wages A/C   Dr   $5000

Cash A/C    Cr  $5000

5 0
2 years ago
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