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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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Preserving information is to accessing information as _____ is to _____.
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4 years ago
Sampson Company's accounting records show the following at the year ending on December 31, 2010: Purchase Discounts $ 5,600 Frei
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Answer:

The correct answer is D.

Explanation:

Giving the following information:

Purchase Discounts $ 5,600 Freight - in 7,800 Purchases 200,010 Beginning Inventory 23,500 Ending Inventory 28,800 Purchase Returns 6,400 Using the periodic system

Purchased= 200,010 + 7,800 - 5,600 - 6,400= $195,810

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3 years ago
Why must food service operators pay attention to detail and watch every penny?
GREYUIT [131]
<span>Food service operators must pay attention to detail and watch their finances in order to maximize the profit they can generate through the operation of their business. There are many aspects of a food service business that have potential to be a loss, so operators must be aware of these aspects - such as loss from ordering too much food or ingredients, employee theft, and so on.</span>
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3 years ago
If everyone buys the same goods every year and the price of housing rises by 38 percent, it is
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7 0
4 years ago
Louis owns a stock that has an average geometric return of10.50 percent and an average arithmetic return of 11.00 percent over t
RideAnS [48]

Answer:

Average annual rate of return should Louis expect to earn over the next four years is 10.7%

Explanation:

The formula we are going o use is:

Expected\ Return=\{(\frac{R-1}{N-1})*i_{g}\}+\{(\frac{N-R}{N-1})*i_{a}\}

Where:

R is the number of years over which Louis expect to earn.

N is the number of years of average arithmetic return.

i_{g} is the average geometric return=10.50%=0.105.

i_{a} is the average arithmetic return =11%=0.11.

Solution:

Expected\ Return=\{(\frac{R-1}{N-1})*i_{g}\}+\{(\frac{N-R}{N-1})*i_{a}\}\\Expected\ Return=\{(\frac{4-1}{6-1})*0.105\}+\{(\frac{6-4}{6-1})*0.11\}\\Expected\ Return=0.107

Average annual rate of return should Louis expect to earn over the next four years is 10.7%

4 0
3 years ago
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