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gayaneshka [121]
3 years ago
8

If more states legalize recreational marijuana, what is the likely effect on the supply of marijuana? It would decrease as the r

isk of prosecution rises. It would increase because prices will rise. It would not change. It would increase as the risk of prosecution falls.
Business
1 answer:
kirill115 [55]3 years ago
4 0

Answer: It would increase as the risk of prosecution falls.

Explanation: The supply of marijuana would increase because risk of persecution would fall as more states begin to legalize recreational marijuana

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Customers arrive at Rent a Wreck and hope to score an inexpensive and unsightly vehicle to use for what typically is a short per
levacccp [35]

Answer: B- 6 minutes

Explanation: From the question above, In one hour, about 20 customers shows up at Rent a Wreck.

It takes 2 minutes to photocopy their driver's license and insurance card and take an impression of a credit card

therefore 20/2=10

in one hour which is 60 min = 60/10

=6 minutes

4 0
4 years ago
Pierce Chocolates and Berry Sweets both have new projects that require an initial investment of $450,000 and will have annual ca
Rom4ik [11]

Answer:

Explanation:

Using a financial calculator, input the following using the "CF" button;

<u>Pierce Chocolates has 5 years of cash inflows;</u>

Initial investment ; CF0 = - 450,000

Yr1 Cashflow; CF1 = 110,000

Yr2 Cashflow; CF2 = 110,000

Yr3 Cashflow; CF3 = 110,000

Yr4 Cashflow; CF4 = 110,000

Yr5 Cashflow; CF5 = 110,000

Then compute Internal rate of return;  IRR CPT = 7.09%

<u>Berry Sweets has 6 years of cash inflows;</u>

Initial investment ; CF0 = - 450,000

Yr1 Cashflow; CF1 = 110,000

Yr2 Cashflow; CF2 = 110,000

Yr3 Cashflow; CF3 = 110,000

Yr4 Cashflow; CF4 = 110,000

Yr5 Cashflow; CF5 = 110,000

Yr6 Cashflow; CF6 = 110,000

Then compute Internal rate of return;  IRR CPT = 12.18% hence higher.

6 0
3 years ago
Lyle founded a salsa manufacturing plant in his hometown of El Paso, Texas. Sales have been good, and demand for his products ha
Bumek [7]

Answer:

broker

Explanation:

Based on the information provided about Tim it seems that Tim's description shows that he is most likely a broker. This term refers to an individual that arranges specific transactions, usually between a buyer and a seller. Which in this situation it seems that he has brokered a lot of deals with people in the food industry which is why he has a lot of connections in this market and is able to help Lyle find buyers for his salsa.

6 0
4 years ago
Joint Cost Cheyenne, Inc. produces three products from a common input. The joint costs for a typical quarter follow: Direct mate
Drupady [299]

Answer:

a. Total revenue from the 3 products:

= $75,000 + $80,000 + $30,000

= $185,000

Total costs at the split-off point:

= $45,000 + $55,000 + $60,000

= $160,000

Gross profit currently being earned

= Total revenue - Total costs

= $185,000 - $160,000

= $25,000

b. Incremental revenue from product A:

= $116,000 - $75,000

= $41,000

Incremental costs = Rent for special equipment + Materials and labor cost

= $17,500 + $12,650

= $30,150

Incremental gross margin = Incremental revenue - Incremental costs

= $41,000 - $30,150

= $10,850

So, if product A is further processed, quarterly profits will increase by $10,850.

7 0
3 years ago
Economic growth in China has led to more Chinese people owning cars, which: increased demand for oil but decreased supply, causi
lisov135 [29]

Economic growth in China has led to more Chinese people owning cars, which "increased demand for oil, causing oil prices to rise".

<u>Answer:</u> Option C

<u>Explanation:</u>

Economic growth resulted from efforts made by Chinese population, imports and exports, tax collection etc, which allow people to invest more in buying new goods and services. Here for example if the market of car is increasing on development of economy than oil demand will increase, and after sometime it may lead to oil crisis. It is the common understanding in economy that the thing which become more in market demand, will always face crisis within completion of one cycle.

7 0
4 years ago
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