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Gnesinka [82]
3 years ago
12

Suppose that two things happen simultaneously in the market for fish. First, a new technology allows fishing boats to catch more

fish while using the same number of crew-members. At the same time a new study shows that eating fish at least three times a week helps prevent heart attacks. How will the market for fish respond?
Business
1 answer:
Nata [24]3 years ago
3 0

Answer: Increase in equilibrium quantity of fish.

Explanation: New technology allows fishing boats to catch more fish while using the same number of crew-members. This will increase supply of fish shifting the supply curve for fish to the right.

At the same time a new study shows that eating fish at least three times a week helps prevent heart attacks. This will increase demand for fish shifting the demand curve for fish to the right.

The net effect of these changes is an increase in equilibrium quantity of fish. However, the change in the price of fish cannot be determined as it depends on the magnitude of shift in the two curves.

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An economy enters an expansion and GDP increases from $34,000 to $40,000. What is the percent change in real GDP? Round your ans
Blababa [14]

The percent change in real GDP is 17.65%

<h3>What is the GDP of an economy?</h3>

The gross domestic product (GDP) is the sum of all value contributed to a given economy. The value-added is the difference between the value of the products and services produced and the value of the goods and services required to produce them.

The percent change in real GDP can be calculated by using the formula:

\mathbf{=\dfrac{New \ GDP - Old \ GDP}{Old \ GDP } \times 100}

\mathbf{=\dfrac{40000 -34000}{34000 } \times 100}

= 17.65%

Learn more about gross domestic product (GDP) here:

brainly.com/question/1383956

6 0
2 years ago
The following transactions were completed by the company
Pavel [41]

Answer:

The Accounting Equation is As follows:

Assets = Liabilities + Stockholder's Equity

Statement (a)

With the cash collected there will be increase in assets by $6,700

And with the recognition of revenue there will be increase in stockholder's equity as retained earnings will increase by the amount $6,700,

Assets increase $6,700  = Liabilities + Stockholder's equity increase $6,700.

Statement (b)

Revenue is recognized and with that retained earnings will increase, and accordingly stockholder's equity will also increase by $5,200,

As the cash is not realized now, accounts receivables increase and accordingly, assets increase by $5,200.

Statement (c)

Cash paid as wages will reduce cash and accordingly assets by $2,000,

Also , with the recognition of expense, retained earnings will reduce and accordingly stockholder's equity will reduce by $2,000.

Statement (d)

This will increase the cash and decrease the accounts receivable by $2,600.

Thus on the assets side there will be + $2,600 and - $2,600 making it neutral.

No effect on the right side, as net effect on left side of equation = 0

Statement (e)

Cash paid for cleaning expense will decrease assets by $940,

And also this will decrease retained earnings and accordingly stockholder's equity will decrease by $940.

4 0
3 years ago
Read 2 more answers
U.S.-based royal corporation is hesitant about entering into a licensing agreement with hexagon, inc., a company from the monasl
sasho [114]

I guess the correct answer is legal

U.S.-based Royal Corporation is hesitant about entering into a licensing agreement with Hexagon, Inc., a company from the Monaslu Republic, due to the likelihood that Hexagon will opportunistically break a contract or expropriate property rights. The type of risk Royal Corporation trying to avoid is legal.

Lеgal risk is thе risk οf financial οr rеputatiοnal lοss that can rеsult frοm lack οf awarеnеss οr misundеrstanding οf, ambiguity in, οr rеcklеss indiffеrеncе tο, thе way law and rеgulatiοn apply tο yοur businеss, its rеlatiοnships, prοcеssеs, prοducts and sеrvicеs.

8 0
3 years ago
Currently digby is paying a dividend of $19. 67 (per share). if this dividend were raised by $3. 64, given its current stock pri
Oliga [24]

Given its current stock price the dividend yield would be 42.39%.

Given,

Digby is paying a dividend of $19. 67 (per share)

Dividend were raised by $3. 64

Dividend yield = Dividend per share / Market price per share.

As there is no share price given, I shall assume that the share price is $100. The new share price will be:

= 100 * (1 + $3. 64)

= $464

The Dividend yield would then become:

= 19.67 / 464

= 42.39%

The dividend yield will be calculated on the basis of the dividend per share divided by the market price per share and this will be calculated on the basis of the percentage.

To learn more about dividend yield here:

brainly.com/question/18687546

#SPJ4

3 0
1 year ago
Koch traded Machine 1 for Machine 2 when the fair market value of both machines was $50,000. Koch originally purchased Machine 1
nexus9112 [7]

Answer:

The right answer is $50,000

Explanation:

Simply put, adjusted basis is the cost of an object after factors that affects the cost has being considered. These factors usually include taxes, depreciation value and any other cost incurred in getting and retaining the said object. Adjusted basis is important so as to know the right amount to sell.

Adjusted basis increases when an individual factors the cost incurred from taxes and maintenance ad it reduces when he/she factors in depreciation.

In the case of Koch, he already exchanged his machine for another at $50,000, as far as he is concerned at that moment, the adjusted basis is $50,000 because it was exchanged in a fair market.  

8 0
3 years ago
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