Answer:
True
Explanation:
Exceptionally good weather will guarantee a good yield in crops. This will lead to an increase in supply of produce to the market, and when supply increases, the supply curve shifts to the right.
This is simply because there are more products and more sellers, and this will result in more supply.
Answer:
$27,250
Explanation:
The computation of incremental income or loss on reworking the units is shown below:-
For computing the incremental income or loss on reworking the units first we need to follow some steps which is shown below:-
Incremental revenue per unit = Selling price after rework - Selling price as scrap
= $22.00 - $5.60
= $16.40
Total Incremental Revenue = Incremental revenue per unit × Total defective units
= $16.40 × 2,500
= $41,000
Total rework costs = Total defective units × Defects per unit
= 2,500 × $5.50
= $13,750
Now,
Incremental income or loss on reworking the units = Total Incremental Revenue - Total rework costs
= $41,000 - $13,750
= $27,250
<span>Car when parent bought it= 5000$
level when parent bought it =50
Car when I bought it= x$
level when I bought it =200
x=(5000*200) divided by 50
x=5000*4
=20000
Answer for parents car value today = 20000$</span>
Answer: Option (c) is correct.
Explanation:
Given that,
Price elasticity of demand = 0.5
Percentage increase in price = 8%
Price elasticity of demand = 
0.5 = 
Percentage change in quantity demanded = 0.5 × 8
= 4%
Therefore, if the price rises by 8% then as a result quantity demanded decreases by 4%.
