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gregori [183]
3 years ago
12

n​ 2007, an unseasonably dry spring led to a sharp decline in the quantity harvested of black​ morels, a wild mushroom found thr

oughout the upper Midwest. Due to the scant​ harvest, the price of black morels rose from​ $9 per pound to nearly​ $45 per pound. In​ 2008, slightly aboveminusnormal rainfall levels led to a large black morel harvest. Assuming that the demand for black morels did not change from 2007 to​ 2008, we would expect the 2008 black morel supply to​ ________ and the equilibrium price of black morels to​
Business
1 answer:
Alexeev081 [22]3 years ago
4 0

Answer:

Increase; fall

Explanation:

Due to the slightly above normal rainfall levels which led to a large black morel harvest, <em>the supply of the commodity will increase</em>.

However, since demand for the commodity is expected to remain the same as it was in 2007 despite the increase in supply, <em>the equilibrium price is expected to fall</em> as supply exceeds demand.

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Bob is hired by Carol to collect outstanding balances owed to her by her customers. However, Bob is not an attorney and cannot f
Sliva [168]

Answer:

A sub-agent

Explanation:

Since Mike who was hired by Bob is licensed to practice law, which would help him file a lawsuit against those who don't pay the outstanding balances owed, he is a sub-agent.

A sub-agent in legal law is someone who performs a fiduciary duty and incurs the same liabilities in regard to his immediate employers, like the sole principal.

4 0
3 years ago
Marie values the complete protection of her new smartphone more than the $50 per month it would cost her to purchase a comprehen
lorasvet [3.4K]
The answer is B......
8 0
3 years ago
When Raoul Welsh is evaluating the construction industry in terms of interest rates, employment cycles, and the rate of new home
Mice21 [21]

Answer:

FALSE                                

Explanation:

Microeconomics refers to the branch of economics which examines the actions of persons and businesses in making choices about limited resource distribution and the relationships between these entities and industries.

Although microeconomics concentrates on companies and people, macroeconomics focuses on overall economic exercise, talking about issues of development, interest rates, and joblessness, and governmental policies on such concerns.

Thus, from the above we can conclude that the given statement is false.

7 0
3 years ago
Why would anyone select a bank that has unfavorable overdraft policies
OlgaM077 [116]

Answer:

The person may not have options due to age and distance and disabilities.

Explanation

6 0
3 years ago
Golden Marine Stores Company manufactures special metallic materials and decorative fittings for luxury yachts that require high
drek231 [11]

Answer:

A. The company paid a higher cost for the direct materials than allowed by the standards.

Explanation:

The following is a logical explanation for this variance:

Since, the standard quantity of raw materials to be used is 22 pounds x 500 units = 11000 pounds. The actual usage is 9500 pounds ony. Hence, variance in direct material price variance can be only due to higher cost of direct material purchased.

7 0
3 years ago
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