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Bezzdna [24]
3 years ago
8

Total consumer spending on milk will a. increase, and total consumer spending on beef will decrease. b. increase, and total cons

umer spending on beef will increase. c. decrease, and total consumer spending on beef will increase. d. decrease, and total consumer spending on beef will decrease.
Business
1 answer:
Vinvika [58]3 years ago
3 0

Answer:

A) increase, and total consumer spending on beef will decrease.

Explanation:

A decrease in the population of dairy cows and beef cattle, will result in a leftward shift of the supply curves for both milk and beef. A leftward shift will result in an increase in price at every quantity demanded.

Since the demand for milk is inelastic, a steep increase in price will result in a smaller decrease in quantity demanded. Since the demand for beef is elastic, a steep increase in price will result in a larger decrease in quantity demanded.

Since the demand for milk is inelastic, an increase in price will result in an increase in total spending. On the other hand, since demand for beef is elastic, an increase in price will result in a decrease in total spending.

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The checkbook balance of Lester Co. was $922.55. The bank statement revealed a balance of $3,881.14. The bank statement showed i
storchak [24]

Answer:

The reconciled balance is 7,294.14

Explanation:

bank statement      3,881.14

deposit in transit   9,555.88

oustanding check<u> (6,142.88)  </u>

bank statment        7.294,14

From the bank accout we deduct the outstanding check and increase by the deposit in transit.

accounting        922.55

interst                   77

service charge    (38.22)

note collected  6,815.00

check              <u>   (482. 19)  </u>

accounting      7.294,14‬

From the accounting we adjust for the transaciton which aren't know by the company:

the interest and service charge, the note colected and we also adjsut for mistake like the check not deducted.

in both we must reach the same final answer.

4 0
3 years ago
"Your customer, age 68, who has an IRA account at your firm valued at $500,000, passes away. The customer leaves the account to
vredina [299]

Answer:

My best advice for the spouse would be to designate herself as the new account owner, and since she is 62, she can start taking regular distributions from it. Any distributions that she takes will be taxed as ordinary income (the same rule would have applied to the late husband).

Explanation:

If she had her own IRA account (which is doubtful since she doesn't work), she could also roll over her late spouse's balance into her own account.

The wife's third option would be to treat herself as a beneficiary, not the owner or spouse, but that would only complicate things and result in higher costs.

5 0
3 years ago
Describe four areas of self-esteem discussed in the text and provide an example of each
Alex Ar [27]

Answer:

la respuesta correcta es jdjfhf

5 0
2 years ago
Read 2 more answers
List three factors to consider when choosing a financial institution
jasenka [17]

When you are considering a financial institution you should consider what type of accounts you want to have, how much money you have and if you want to invest. Different financial institutions offer different rates and benefits for their members so it makes sense to figure out your options based on what you want in return.

8 0
3 years ago
Ginny and Eric are partners at an architecture firm. They are trying to determine which of them has a comparative advantage in b
blondinia [14]

Answer: (i) $20 per model

(ii) $27 per model

(iii) Ginny has a comparative advantage in building models.

Explanation:

A country or a firm has a comparative advantage in producing a commodity if the opportunity cost of producing that commodity in terms of other commodities is lower than the other country or firm.

Opportunity cost is the benefit that is foregone for an individual by choosing one alternative over other alternatives available to him.

If the opportunity cost is lower for an individual then this will benefit him whereas if the opportunity cost is higher then this will not benefit the individuals.

Therefore,

Ginny's Opportunity cost of producing one model = \frac{400}{20}

                                                                                      = $20 per model

Eric’s opportunity cost of building models = $20 + 35% of $20

                                                                      = $20 + $7

                                                                      = $27 per model

Hence, Ginny has a comparative advantage in building models because Ginny's opportunity cost of building model is lower than Eric's opportunity cost.

5 0
3 years ago
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