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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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10. Describe at least three steps you should take after finding out that your credit card was stolen.
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3 0
3 years ago
Compute the two-year nominal interest rate using the exact formula and the approximation formula for each set of assumptions lis
gregori [183]

Answer:

a) 2.5%

b) 6%

c) 3.5%

Explanation:

The Formula to be used is the <em>habitat hypothesis </em>

as stated in the document attached below

a)  it = 2%; it+1 =3%

i_{2,t} = 0 + ( 2 + 3 ) / 2

    = 2.5% ( two year nominal interest rate )

b) it = 2%;  it+1+1 = 10%

i_{2,t} = 0 + ( 2 + 10 ) / 2

     = 6% ( two year nominal interest rate )

c) it = 2%;  1t+1 = 3%. ∝₂,t = 1%

i_{2,t}  = 1 + ( 2 + 3 ) / 2

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8 0
3 years ago
Oriole Company made the following journal entry in late 2021 for rent on property it leases to Danford Corporation. Cash 153000
Morgarella [4.7K]

Answer:

$277,125

Explanation:

The calculation of  income tax expense is shown below:-

Income tax expense = Income taxes payable at the end of 2022 + (Rent revenue ÷ 2) × Tax rate

= $258,000 + (($153,000 ÷ 2) × 0.25)

= $258,000 + $76,500 × 0.25

= $258,000 + $19,125

= $277,125

Therefore for computing the income tax revenue we simply applied the above formula.

6 0
3 years ago
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