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Murljashka [212]
3 years ago
7

During the last few decades in the United States, health officials have argued that eating too much beef might be harmful to hum

an health. As a result, there has been a significant decrease in the amount of beef produced. Which of the following best explains the decrease in production? a. Government officials, concerned about consumer health, ordered beef producers to produce relatively less beef. b. Beef producers, concerned about the health of their customers, decided to produce relatively less beef. c. Anti-beef protesters have made it difficult for both buyers and sellers of beef to meet in the marketplace. d. Individual consumers, concerned about their own health, decreased their demand for beef, which lowered the equilibrium price of beef, making it less attractive to produce.
Business
1 answer:
Lyrx [107]3 years ago
7 0

Answer:

d. Individual consumers, concerned about their own health, decreased their demand for beef, which lowered the equilibrium price of beef, making it less attractive to produce.

Explanation:

One of the factors that affect change in demand is change in consumer preference. The health concern of beef will affect bring about this change in consumer preference and consequently results in less demand for beef. When there is less demand for beef, the price will go down. And as the price goes down, producers will have less incentive to supply more. This behavior is in consonance with law of supply that says the lower the price, the lower the quantity supplied, all things being equal.

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(A) creating superior customer value and satisfaction.

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Using the following information, prepare a vertical analysis of two years' income statements. Fees Earned is $153,500 for Year 2
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Answer:

Following Statement is true

Operating income has increased as a percentage of revenue.

Vertical Analysis

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Fees Earned                                                  $153,500       $149,700

Operating expenses                                     <u>$122,800</u>       <u>$127,245</u>

Operating Income                                          $30,700        $22,455

Operating Income as percentage of sales       20%               15%

Operating Income as percentage of sales is increased in year 2.

<u>Which of the following statements are true?</u>

Operating income has decreased as a percentage of revenue.

Operating income has increased as a percentage of revenue.

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3 years ago
George Corporation had the following transactions occur in the current year: 1. Cash sale of merchandise inventory. 2. Sale of d
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6. Collection of loan receivable.

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