Answer: Option(a) is correct.
Explanation:
Corn chips and potato chips, both are substitute goods and thus, affect each others demand by a small changes in various factors.
In this question, a good weather increases the harvesting of corn which increases the supply of corn chips.
This shifts the supply curve rightwards as a result price falls and quantity increases. Hence, this lower price, increases the consumer surplus in the market of corn chips.
This change in the supply of corn chips will affect the demand for potato chips in the potato chips market. So, the demand curve for potato chips shifts leftwards. This shift in the demand curve, reduces the price level and quantity level. Hence, this lowers the producer surplus in the market for potato chips.
Answer:
The correct answer is option d.
Explanation:
An increase in the market demand will cause the market demand curve to move to the right. This rightward shift in the demand curve will lead to an increase in the market price.
This increase in market price will cause the individual demand curves to move upwards. As the price increases, the profits earned by the firms will increase as well.
Profit to a firm is the difference between its total revenue and total cost, as the price increases, revenue will increase and cost will remain the same. This will cause profits to increase.
The inequality that will help you find how many hours Rita must work would be:
<span>0.05x 10 x h is greater than or equal to 25
I hope my answer has come to your help. God bless and have a nice day ahead!
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Answer:
It is famous company of Martin who was known for its instruments quality.
Explanation:
Martin company was producing the acoustic instruments. These instruments are acknowledged the best instruments in the world. Last many years, Martin managed the company to success and brings it to the next generation. By the time the company has changed the design, and the manufacturing methods.
Martin never lose the commitment from its initial stage of quality for their products. Martin make the instruments such ads guitar. The story also started from guitar. It is dedicated to the six generation of the guitar makers.
What do you mean as 'Not like McDonald's'? Do you mean fast food or what?