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emmainna [20.7K]
3 years ago
9

Cups of coffee and donuts are complementary. Both have inelastic demand. A hurricane destroys half of the coffee bean crop. Use

appropriately labeled diagrams to answer the following questions:
a.what happens to the price of coffee beans?

b. What happens to the price of a cup of coffee? What happens to the total expenditure on cups of coffee?

c.What happens to the price of a cup of donuts? What happens to the total expendiure on donuts?
Business
1 answer:
Nadya [2.5K]3 years ago
8 0

Explanation:

<u>a.what happens to the price of coffee beans?</u>

In this case, when there is a phenomenon like a hurricane that destroys half the harvest, the supply of coffee beans consequently decreases, the quantity decreases and the price increases.

<u>b. What happens to the price of a cup of coffee? What happens to the total expenditure on cups of coffee?</u>

When the price of the main input for the production of coffee cups increases and the supply decreases, it appears as an increase in the price of a cup of coffee and a decrease in the amount of coffee cups available on the market.

As they have an inelastic demand, coffee cups with a higher price correspond to an increase in total coffee expenses.

<u>c.What happens to the price of a cup of donuts? What happens to the total expendiure on donuts?</u>

In this case, donuts and coffee are complementary, so when there is an increase in the price of coffee and a decrease in the quantity demanded, there is also a decrease in the demand for donuts. So if the demand for donuts decreases, their price also decreases and the total expenditure on donuts decreases.

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Mary buys a new toaster for $500. the toaster's label bears a disclaimer stating that the manufacturer is not liable for consequ
Damm [24]

Answer:

The answer is<u> "$500".</u>

Explanation:

The amount of monetary damages Mary can likely recover from the manufacturer of the toaster is $500, because the disclaimer label on the toaster clearly states that, the manufacturer company is not liable for consequential damages. The damage of the electrical wiring in the kitchen refers to consequential damage because it is not the direct result of the damage of toaster but it is due to the spark in the toaster.

5 0
3 years ago
Which of the following statements about the relationship between interest rates and bond prices is true? I) There is an inverse
BaLLatris [955]

Answer: A. I and IV only

Explanation:

The relationship between bond prices and interest is an inverse one. This is because bonds have fixed rates so when for instance interest rates increase, the fixed rate of bonds will become less attractive as people would want to make the higher interest. They will therefore demand less of bonds and the prices will drop. The reverse is true.

Also, long term bonds are more affected by interest rate changes then short term bonds. This is because, as they have a longer term till maturity, they will be even less attractive when interest rates rise.

7 0
3 years ago
Which of the following is NOT a role the Human Resources department plays when helping orient employees?
raketka [301]

Answer:

Analyzing new employee morale.

Explanation:

Employee Orientation is the day when an employee joins the company; his/her first day at work. The role that an HR plays to help orient employees is to ensure that the employee feels welcomed and comfortable.

HR would orient employee by introducing them to their co-workers, assist them in their adjustment phase, and also help them fill paperwork.

HR also introduces the new employees to the policies of company, expectations, also briefed about their work.

<u>The role that's not performed by an HR is that they do not analyze morale of new employee, instead they boost their morale and help them to get comfortable</u>.

Thus the correct answer is the last option.

4 0
3 years ago
If $5000 is invested at an interest rate of 4% each year, what is the value of the investment in 5 years? write an exponential f
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The compound interest amount after 5 years be $6,083.26.

<h3>What is compound interest?</h3>

Compound interest, also known as interest on principal and interest, is the practice of adding interest to the principal amount of a loan or deposit.

Compound interest is when you receive interest on both your interest income and your savings.

If this value was compounded in 5 years, then we are going to utilize the compound interest formula to solve it.

A = p(1+r)^n

Where A be the amount accumulated for the entire period. 

p be the Money invested

r be the Interest rate per year

n be the period the money was invested. 

A = 5000(1+4/100)^5

The exponential function is

A=5000*1.04^5

= 5000 * 1.216652902

= 6,083.264512

The amount after 5 years be $6,083.26

The compound interest amount after 5 years be $6,083.26.

To learn more about compound interest refer to:

brainly.com/question/24274034

#SPJ4

4 0
2 years ago
The employees at your job have been asked to attend a mandatory training meeting. Your co-worker, Mike, doesn't want to go and h
Basile [38]
Mike's request shows that he does not demonstrate any enthusiasm towards his workplace, it also shows that he is irresponsible, which may have him end up being demoted or fired. 
Hope it was correct!   <span />
5 0
3 years ago
Read 2 more answers
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