All categories

3 years ago

An increase in the price of poultry would lead to__________

Business

1 answer:

elixir [45]3 years ago

6 0

Answer:

c.a decrease in quantity demanded of poultry and an increase in the demand for fish.

Explanation:

The law of demand states that the higher the price , the lower the quantity demanded and the lower the price, the higher the quantity demanded.

Following from the law of demand, if the price of poultry increases, the quantity of poultry demanded would fall.

Because fish and poultry are subsituites goods, if the price of poultry increases, the demand for fish would increase.

I hope my answer helps you.

You might be interested in

On July 1, Sterns Co. acquired patent rights for $36,000. The patent has a useful life of 6 years and a legal life of 15 years.

Komok [63]

Answer:

Dr Amortization Expense $3,000

Cr Patents $3,000

Explanation:

Preparation of the journal adjusting entry on December 31 to recognize the amortization.

Dec. 31

Dr Amortization Expense $3,000

Cr Patents $3,000

(To record Amortization)

Amortization=(Patent rights/Useful life)*6/12

Amortization=($36,000/6)*6/12

Amortization=$3,000

(July 1 to Dec 31 =6months)

8 0

3 years ago

The head of accounting at delores inc. is computing a value that represents the company's financial performance for the previous

Nesterboy [21]

In this scenario, the mean as a measure of central tendency will be least effective as an accurate representation of financial performance.
The mean is a measure of central tendency that is the average for a sample.
In this specific case the mean is not effective measure because there is a huge difference in the financial performance in the last month compared to the previous months.So the mean would not give the real picture.

5 0

3 years ago

Matt inherited as a trust a fifteen-year annuity-immediate with annual payments. He has been told that the annuity payments earn

Pavel [41]

Answer:

effective annual interest rate = 6.32%

annual payment = $1,585

Explanation:

I believe that this is an ordinary annuity, so we can use the future and present value of an ordinary annuity formula:

FV = annual payment x FV annuity factor, so annual payment = FV / FV annuity factor

PV = annual payment x PV annuity factor, so annual payment = PV / PV annuity factor

we can equal both equations:

PV / PV annuity factor = FV / FV annuity factor

FV / PV = FV annuity factor / PV annuity factor

$37,804.39 / $15,077.10 = FV annuity factor / PV annuity factor

2.5074 = FV annuity factor / PV annuity factor

the easiest way to solve this is to use an annuity table since we already know that there are 15 periods (I used an excel spreadsheet):

%,15 periods FV annuity factor PV annuity factor FV/PV

1 16.097 13.865 1.1609

2 17.293 12.849 1.34586

3 18.599 11.938 1.55797

4 20.024 11.118 1.80104

5 21.579 10.380 2.07890

6 23.276 9.7122 2.3966

7 25.129 9.1079 2.7590

8 27.152 8.5595 3.1721

9 29.361 8.0607 3.6425

10 31.772 7.6061 4.4112

The interest rate must be between 6 and 7%:

%,15 periods FV annuity factor PV annuity factor FV/PV

6 23.276 9.7122 2.3966

6.1 23.45404 9.6461 2.43145

6.2 23.63369 9.5858 2.46549

6.3 23.81491 9.52467 2.50034

6.31 23.83312 9.51851 2.50387

6.32 23.85135 9.51236 2.5074

6.4 23.99773 9.46337 2.53585

effective interest rate = 6.32% per year

annual payment = $37,804.39 / 23.85135 = $1,585

6 0

3 years ago

Suppose that demand for a product is Q = 1200 − 4P and supply is Q = −240 + 2P. Furthermore, suppose that the marginal external

eimsori [14]

Answer: 16 units more than social optimum.

DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96

Explanation:

Q=1200 - 4P and Q=-240 + 2P

In a free market quantity demand =quantity supplied

1200 -4P = -240 +2P

P =240

Sub P

Q* = 240

Socially optimal quantity is

Marginal social benefit (MSC)= marginal social cost(MSC), including external damage =MEC

MPC= marginal private cost =inverse of supply function

MPC = (1/2)*Q + 120

MEC=12

MSC =(MPC +MEC) = (1/2)Q +120 +12

MSC= MPB where MPB is marginal private benefit = inverse of demand functn

MPB = 300 -(1/4)Q

(1/2)Q + 132 =300 - (1/4)Q

Q° = 224

Difference btw Q* & Q° = 16 units more than social optimum.

DWL = dead weight loss = (1/2)*(Q* - Q°) 12 =96

4 0

3 years ago

For an airline, which of the following would not be an operational budget? A cash receipts budget of flying consumers. A budget

katrin [286]

Answer:

A cash receipts budget of flying consumers.

Explanation:

Operational budget is defines as all the profits and expenses a business realises as a result of planning it's operations.

Usually an operational budget is set before activities begin, and is a target to be achieved.

For an airline cash receipts of flying customers is not a revenue realised as a result of planning operations, so this is the correct answer.

However a fuel budget, material budget for parts, and labour budget for flight crew are operational budgets.

4 0

3 years ago

Read 2 more answers