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Wittaler [7]
3 years ago
10

A new restaurant has introduced a wildly popular macaroni and cheese dish made with goat cheese. however, at approximately the s

ame time, an outbreak of disease has decreased the local goat population (without impacting the safety of goat cheese). how do the price and quantity of goat cheese change?
Business
2 answers:
bixtya [17]3 years ago
7 0

How do the price and quantity of goat cheese change? The price of goat cheese will likely rise because there is less being produced and able to be consumed. The quantity of goat cheese is not able to be determined by the information provided in the question.

Mekhanik [1.2K]3 years ago
6 0

Answer: Price increases and the effect on quantity cannot be determined.

Explanation: An outbreak of a disease leads to a decline in Goat population, as a result of this the supply of Goat Cheese also declines at given price level. The fall in supply will shift the supply curve up to the left,. A leftward shift in the supply curve will thus lead to a rise in the price of Goat cheese.

However, the effect of this change on quantity cannot be determined as we have no information on the changes in demand for goat cheese.

Thus, price of goat cheese will increase and change in quantity cannot be determined.

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solong [7]
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The slope of the budget constraint is determined by the relative price of the two goods, which is calculated by taking the price of one good and dividing it by the price of the other good.
</span><span>The concept of budget constraint is used to analyze consumer choices. </span>
8 0
3 years ago
NeNe is an accountant and a U.S. citizen who has accepted a permanent position in Madrid, Spain, for a Spanish financial service
s2008m [1.1K]

Question options:

a) NeNe can exclude all of the housing payment because she worked more than 330 days overseas

b) 16,128

c) 23,872

d) 14,112

e) None of her salary can be excluded from gross income

Answer:

a) NeNe can exclude all of the housing payment because she worked more than 330 days overseas

Explanation:

US citizens working and living abroad would still have to remit taxes to the US, albeit with exclusions.

Under US tax law, IRS states that US citizens may deduct/exclude the value of meal and lodging expenses granted to them by the employer. Under the foreign housing exclusion, Nene qualifies for the benefits of housing exclusion because she has a foreign earned income and has lived at least 330 days within a period of 12 consecutive months in the foreign country.

4 0
3 years ago
Menu costs are the​ merchants' costs of changing prices. true false
attashe74 [19]
False,,,,,,,,,,,,,,,,,,,,,,,,,,,,,
6 0
3 years ago
What is one major disadvantage of a capital formation strategy that focuses only on high risk investments
Troyanec [42]

Answer:

It increases the chance that the investment will lose all value.

Explanation:

If you go for a risky investment, it could increase the chance of it being a waste of time and money to sum it all up. But the answer you seek is, "It increases the chance that the investment will lose all value."

8 0
2 years ago
You must pick one of two​ wagers, for an outcome based on flipping a fair coin. 1. You win ​$440 if it comes up heads and lose ​
UkoKoshka [18]

Answer:

See Below

Explanation:

Expected value is the sum of the products of the probability and payoff of each.

<u>Wager 1:</u>

probability of heads and tails, both is 0.5

Win = 440

Loose = 110

So,

Expected Value = 440(0.5) + (-110)(0.5) = 220 - 55 = $165

<u>Wager 2:</u>

Similar to wager 1

Win = 770

Loose = 220

So,

Expected value = 770(0.5) + (-220)(0.5) = 385 - 110 = $275

2nd wager is better, in this sense.

4 0
3 years ago
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