Answer:
Explanation:
Incorrect Question 18 0/5 pts A new study discovers the health benefits of eating fish regularly. At the same time, some consumers decide to become vegetarians. What is the effect of these events on the equilibrium price and quantity in the fish market? The equilibrium price rises, and the equilibrium quantity falls. The equilibrium price falls, and the equilibrium quantity rises. The equilibrium price falls, and the change in the equilibrium quantity is ambiguous. The change in both the equilibrium price and quantity is ambiguous. Incorrect Question 19 0/5 pts What happens to the equilibrium price and quantity when demand increases and at the same time supply decreases, but the demand shift is smaller than the supply shift? The equilibrium price rises, and the equilibrium quantity falls. Both the equilibrium price and the equilibrium quantity will rise. The equilibrium price falls, and the equilibrium quantity rises Both the equilibrium price and the equilibrium quantity will tal
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Answer:
Purchases= 696,000 pounds
Explanation:
Giving the following information:
Production= 222,000 units.
To make one unit of a finished product, three pounds of direct material Z are required.
<u>To calculate the purchases of direct material, we need to use the following formula:</u>
Purchases= production + desired ending inventory - beginning inventory
Purchases= 222,000*3 + 420,000 - 390,000
Purchases= 696,000 pounds
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