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antiseptic1488 [7]
3 years ago
15

A year of unusually good rainfall has made it cheaper to irrigate farmlands. However, a popular new diet has persuaded some cons

umers to stop eating vegetable oil, a product often made from canola. What impact have these two changes had on the equilibrium price and quantity sold of canola?
Business
1 answer:
Ira Lisetskai [31]3 years ago
3 0

Answer:

1)Price has decreased and the effect on quantity cannot be determined

Explanation:

As of good rainfall there is a rise in supply of canola that means the shifting o feh supply curve could be right  also the demanded for the vegetable oil would decline that means the demand is falling so the demand curve would shift to the left

Therefore, the equilibrium would fall but it is unable to figure out whether the quantity would rise or not without considering the elasticities of the demand and the supply curve

Hence, the correct option is 1

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A record store that sells $1,000 woth of CDs per day to 40 customers ( the average cost of goods sold per unit is $12.50) How mu
sleet_krkn [62]

Answer:

$500

Explanation:

COGS or the cost of goods sold is the total cost of all goods sold in a period. It is the direct cost of productions and include direct labor costs, direct materials, and direct overhead costs.

In this case, The average cost of goods sold per unit is $12.50. The business sells to 40 customers. The totals cost of goods sold or the COGS will be

=$12.50 x 40

=$500

5 0
2 years ago
Ziff Corp. was a leading electronics firm for about three decades. As new competitors entered the industry, Ziff Corp's market s
Viktor [21]

Answer:

The correct answer is competitive inertia.

Explanation:

In physics the principle of inertia is studied, which is explained as "Every body that is not subjected to any force will remain at rest" or also as "The resistance of the bodies to change their state of rest or movement without the intervention of any strength". These concepts fit perfectly into the world of organizations, since these bodies can be seen as a team of people who interact with each other (work team), towards a common vision.

Competitive inertia refers to the tendency of companies to remain at rest or to continue moving in a certain strategic line unless stimulated by some external force.

4 0
3 years ago
The Project Evaluation and Review Technique (PERT) was developed as a means of scheduling and controlling projects with constant
astra-53 [7]

Answer: False

Explanation:

The Program Evaluation and Review Technique (PERT) is used to know the schedule tasks and also know the critical path variation. It is useful to know the length of time that'll be needed for the completion of every task and how it relates to others in order to know the entire time needed to complete the particular project.

The Project Evaluation and Review Technique (PERT) is not a means of scheduling and controlling projects with constant activity times. The activity time normally varies.

3 0
3 years ago
Suppose the government cuts taxes to keep the economy's cyclically adjusted budget in balance when the economy is expanding. The
lara31 [8.8K]

When the government cuts taxes to keep the economy's cyclically adjusted budget in balance when the economy is expanding. The government is engaging in "neutral fiscal policy".

<h3>What is neutral fiscal policy?</h3>

When a government choice to tax, spend, or borrow has, or is meant to have, no overall impact on the economy, the action is considered fiscally neutral. Changes in policy can be viewed as neutral in terms of either their macroeconomic, microeconomics, or both effects.

fiscal neutrality occurs when taxes and government spending have no net effect-

  • on the overall budget,
  • total demand,
  • economic activity.

To know more about the difference between macroeconomics and microeconomics, here

brainly.com/question/26191496

#SPJ4

7 0
1 year ago
Costs being equal, when a firm has a higher value gap than its competitor, it can be inferred that the firm:
Ronch [10]
Can charge a premium price for its items or goods and also for administrations charges usually termed as services .   
Since clients need to see items as being justified regardless of the higher sticker price, a business must endeavor to make an esteem observation. Alongside making an excellent item, proprietors ought to guarantee their showcasing endeavors, the item's bundling and the store's stylistic theme all join to help the superior cost.
6 0
3 years ago
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