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Tatiana [17]
3 years ago
10

In 2010, bad freezes destroyed a large portion of Florida's grapefruit crop. Explain what happened in the grapefruit market usin

g the concepts of supply and demand in your analysis. How did this affect the equilibrium price and quantity of grapefruit

Business
1 answer:
lutik1710 [3]3 years ago
8 0

Answer: Please refer to Explanation

Explanation:

The Grapefruit market will experience an acute shortage of grapefruits because the bad freeze destroyed most of the crop that was going to be supplied.

This shortage in supply will force the price up and therefore lead to a drop in Demand as a lot of people will decide that they can't spend the new amount.

This scenario would lead to an increase in the Equilibrium price because the supply curve will be forced to the left and the new intersect with the Supply curve will be higher. The Equilibrium Quantity will also reduce because of the shortage that is being experienced as a result of a large portion of the grapefruits being destroyed.

In the graph I attached, S2 refers to the supply curve AFTER the bad freezes. Notice how the price went up to P2 and the Quantity dropped to Q2.

If you need any clarification do comment. Cheers.

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The following data are available for the four steps: A B C D Activity time per unit (min) 0.25 0.33 0.2 0.5 Capacity per worker
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Solution :

                                                                  A              B            C              D

The Activity of time per unit(min) (X)     0.25          0.33       0.2          0.5

Capacity per worker(units/min) (Y)          4              3             5             2

Number of workers (Z)                            2               3              2            4

Capacity (Units/min) (ZxY)                       8               9             10           8

A and D re the bottlenecks with a minimum capacity of 8 units/min

Hence, initial system capacity = 8 units/min

It is given that activity time per unit in D step is $\text{reduced by 0.25}$  min per unit

Capacity/worker = 1/0.25 = 4 per min

Number of worker for D = 4

New capacity of D per min = 4 x 4 = 16 units

Steps                                       A          B            C              D    

New capacity(units/min)        8           9            10             16

Therefore now, step A is the bottleneck as it has the lowest capacity of 8 units/min.

Capacity of the entire process = 8 units/min

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3 years ago
If money going out of the business is greater than the money coming into the business, what happens?
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3 years ago
Through ________, many companies today are strengthening their connections to all partners, from providers of raw materials to c
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3 years ago
A certain project has a project cost of $387,000 and the annual inflows resulting from the product created is $64,000. What is t
Komok [63]

Answer:

Payback period is 6.5625 years

Explanation:

All amounts are in $

Item                outflow              inflow       balance

Year 0            387,000               0            (387,000)

Year 1                  0                  64,000      (323,000)  

Year 2                 0                  64,000      (259,000)  

Year 3                 0                  64,000      (195,000)  

Year 4                 0                  64,000      (131,000)  

Year 5                 0                  64,000      (67,000)  

Year 6                 0                  64,000      (3,000)

The remaining $3000 will flow in

= (3000/64000) × 12

= 0.5625

Payback period is 6.5625 years

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Contract I believe would be the answer
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