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olya-2409 [2.1K]
3 years ago
8

Last year the price of corn was $3 a bushel and the quantity of corn demanded was 10 million bushels. this year the price of cor

n was $4.00 a bushel and the quantity demanded was 9 million bushels. is this evidence that the law of demand does not apply to corn?
Business
1 answer:
lara31 [8.8K]3 years ago
8 0
You would have to divide the number of bushels by the price.
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A hospital data entry professional is part of what career area?
ioda
C.health informatics
5 0
2 years ago
Read 2 more answers
Can an opinion be wrong? Isn’t everyone entitled to an opinion?
attashe74 [19]

Answer:

Yes

Explanation:

An opinion can indeed be wrong unless you based if of scientific facts and have evidence to back up your opinion. Everyone is indeed entitled to an opinion but not everyone listens to everyone’s opinion that is not backed up with facts.

3 0
1 year ago
Hardigree Corporation makes a product that has the following direct labor standards: Standard direct labor-hours 0.3 hours per u
djyliett [7]

Answer:

4,140 U

Explanation:

According to the scenario, calculation of the given data are as follows,

Actual Hours = 2,820 hours

Standard rate = $23 per hour

Standard direct labor hour = 0.3 hours

We can calculate labor efficiency variance by using following formula,

Labor Efficiency Variance = Actual hours standard cost  - Standard cost

Where, Actual hours standard Cost  = Actual hours × Standard rate

= 2,820 × 23

= 64,860

Standard Cost (8,800 units) = Standard hours (8,800 units) × Standard rate

= (8,800 × 0.3) × 23

= 60,720

Hence, by putting the value in the formula, we get

Labor Efficiency Variance  = 64,860 - 60,720

= 4,140 U

8 0
2 years ago
Ann works 5 1/2 hours, Mary works 6 1/3 hours, and John works 4 1/4 hours. How many combined hours have they worked?
Luden [163]
16 1/12 hours.  To make it easier add up all the whole numbers first then find the common denominator, which is 12. Turn all the fractions into fractions with the denominator of 12 add those up and you shall get 16 1/12.
5 0
3 years ago
Cox, North, and Lee form a partnership. Cox contributes $201,000, North contributes $167,500, and Lee contributes $301,500. Thei
Masteriza [31]

Answer:

Lee's portion of income =$81, 900

Explanation:

<em>The income or loss would be shared according to the ratio of capital contributed. The ratio is the proportion of capital contribute per partner to the total pool of capital.</em>

Lee;s portion of income

= lees capital/total capital × reported income

= 301,500/(201,000+167,500+ 301,500)  × 182,000

= $81, 900

Lee's portion of income =$81, 900

3 0
2 years ago
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