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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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Ellie is spending her entire income on goods X and Y. Her marginal utility from the last unit of X is 100 and the marginal utili
defon

Answer:

The price of good X is twice the price of good Y

Explanation:

Utility can be defined as the amount of satisfaction that one can derive from consuming a product.

Marginal utility is the additional utility derived from consuming an extra unit of a product.

Total Utility is the total satisfaction one derives from consuming all units of a product.

Because consumers are rational and they want to spend the least amount to get maximum utility, they are at equilibrium at the point where Marginal Utility of product X divided Price of X is equal to the Marginal Utility of product Y divided by Price of Y.

So for utility to be maximized it means that the price of good X has to be twice the price of good Y.

6 0
3 years ago
Dress for success, inc., had policy requiring male salespersons wear business attire, including dress pants, button-down shirt,
LUCKY_DIMON [66]

Dress for Success, Inc. is justified in the suspension and the ultimate sacking of Sharon Riddle and other female salespersons. The US stipulates that it is at the discretion of the company to choose whether to allow the employees to choose their dress codes of personal preference or dress while applying the company’s policies, therefore, the company was justified in its actions.

<h3>What is  dress codes?</h3>

A dress code is a set of rules, usually written down, that govern what clothing groups of people must wear. Dress rules are founded on social views and customs, and they vary depending on the purpose, circumstances, and events.

Dress rules are used to communicate to employees what is considered proper work wear by the organisation. A dress code or appearance policy allows an employer to set expectations about the image the company intends to project.

Students' [clothes] will only have an impact on learning if they are dressed inappropriately, according to senior Alyse Madsen. "Strict dress regulations limit students' freedom of expression and create a drab environment with little innovation." "

To know more about  dress codes follow the link:

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6 0
1 year ago
Coble Woodworking Corporation produces fine cabinets. The company uses a job-order costing system in which its predetermined ove
stepladder [879]

Answer:

$4,520

Explanation:

Calculation for the cost of unused capacity that would be reported as a period expense on the income statement prepared for internal management purposes

First step is to calculate the Predetermine overhead rate using this formula

Predetermined overhead rate based on capacity = Estimated total fixed manufacturing overhead cost ÷ Estimated total amount of the allocation base

Let plug in the formula

Predetermined overhead rate based on capacity=$ 30,510÷270 hours

Predetermined overhead rate based on capacity=$113 per hour

Now let calculate the Cost of unused capacity using this formula

Cost of unused capacity =( Estimated total amount of the allocation base − Actual amount of the allocation base) × Predetermined overhead rate

Let plug in the formula

Cost of unused capacity= (270 hours − 230 hours) *$113 per hour

Cost of unused capacity=40 hours* $113 per hour

Cost of unused capacity=$4,520

Therefore the cost of unused capacity that would be reported as a period expense on the income statement prepared for internal management purposes will be $4,520

5 0
2 years ago
Anders is researching sociocultural factors related to his employer, a sporting goods manufacturer.Which of the following would
hodyreva [135]

Option C

the family size of the firm's target market would be part of the sociocultural forces in a firm's external environment

<u>Explanation:</u>

To achieve and grow, organizations must modify, utilize, and agree with the authorities in their external environments. Sociocultural environmental forces cover opinions, views, customs and traditions, practices, and lifestyles. Social factors involve reference groups, family, position, and status in the community.

Family is a particular reference group and can execute the most crucial role in shaping the purchasing decisions of themselves. Staying aware of and obtaining the major reference groups, persons or family formations in a community and construction marketing on them can improve small businesses achieve victory.

8 0
3 years ago
Work Survival skills include?
Anarel [89]
1. listen to the boss
2. don't talk to anyone unless you know then
3. don't let anyone borrow anything from you
4. bring all of your things
5. get a job you enjoy
6. if don't enjoy  your job find something fun in it
( this is basically for the first job
7 0
2 years ago
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