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.
Answer:
16.74%
Explanation:
Current Price = Expected Dividend / (Required Return - Growth Rate)
Required Return = (Expected Dividend / Current Price) + Growth rate
Required Return = ($5.05 / $43) + 5%
Required Return = 0.1174419 + 0.05
Required Return = 0.1674419
Required Return = 16.74%
Answer:
B) opportunity costs.
Explanation:
The $40,000 salary that Jamar gave up are part of his opportunity costs.
Opportunity costs are the costs (or benefits lost) from choosing one activity or investment over another alternative.
When you calculate the economic profit of a new project you must include all the implicit or opportunity costs that you incur or lose due to the new project:
economic profit = accounting profit - implicit costs
Answer:
producer surplus increases and total surplus decreases in the market for that good.
Answer:
Option C. Greenwashing
Explanation:
The reason is that the company has labelled its products with the green technology or environment friendly product, which it is not. So the perception of customers who buy environment friendly products are now not reluctant to purchase the company products who has deceived the people by saying that their product is environment friendly product. So the correct option is option C.
Example:
ExxonMobil in the past has said that it has successfully reduced its green house gas emission but in fact, they increased green house gas emissions in the year. So they were trying to increase their sales by deceiving people that they are moving towards environment friendly operations.
