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givi [52]
3 years ago
12

For the following​ statement, draw a diagram that illustrates the likely effect on the market for eggs. Indicate in each case th

e impact on equilibrium price and equilibrium quantity. Caesar salads become trendy at dinner parties. (The dressing is made with raw eggs. )​1.) Using the line drawing​ tool, illustrate the likely effect on the market for eggs. Properly label your line. ​2.) Using the point drawing​ tool, locate the new equilibrium price and quantity. Carefully follow the instructions above and only draw the required objects.

Business
1 answer:
Ira Lisetskai [31]3 years ago
6 0

Answer:

Please see attachment

Explanation:

Please see attachment

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true or false: if bob's fire engines were a competitive firm instead and $80,000 were the market price for an engine, increasing
ohaa [14]

True, if bob's fire engines were a competitive firm instead and $80,000 were the market price for an engine, increasing its production would not affect the price at which he can sell engines.

A fully competitive firm's total revenue grows smoothly at a constant pace dictated by the current market price as it consistently generates more output.

For a perfectly competitive firm, profits will be highest—or losses will be lowest—at the output quantity where total revenues surpass total costs by the greatest margin, or where total revenues fall short of total costs by the narrowest margin.

A totally competitive corporation is unable to control the price it charges because it must accept the price for its output that is established by the supply and demand for the product in the market. In other words, since the price is predetermined by the profit formula, a firm that operates in a fully competitive market can sell any quantity of units at the same price.

To know more about  competitive firm :
brainly.com/question/14391694

#SPJ4

8 0
1 year ago
Marigold Corp. bought a machine on January 1, 2011 for $806000. The machine had an expected life of 20 years and was expected to
lidiya [134]

Answer: Marigold should record $134,750 as an impairment loss on July 1, 2021

Explanation:

Given that  

Cost of the machine= 806,000

Expected life= 20 years

Time between January 1, 2011 and July 1 2021 = 10 1/2years

salvage value $76000.  

Fair value= $288, 000

We know that the

Carrying amount /Book Value of machine = Cost of the machine- (Cost of the machine-salvage value)/expected life x time (ie from 2011 and 2021)

Carrying amount of machine =806,000 - [(806,000-76,000)/20  x 10.5 years]

=806,000 -383,250=$422,750

Asset is impaired when the Book value is more than net realizable value,

Here, The Book Value of $422,750 is greater than  net realizable value,$395000.

Therefore  loss on Impairment= Carrying amount - Fair value

$422,750-$288000

=$134,750

5 0
3 years ago
Smith's electronics originally priced a private-label portable dvd player at $90, and then sold 1,500 units per week. after rais
Mariana [72]
The answer i would say would be $75 
3 0
4 years ago
The owner of a newspaper-stand wants to raise prices to increase revenue. There are a number of other newspaper-stands nearby. W
BaLLatris [955]

Answer:

The answer is: The owner's revenue will rise because newspaper demand is price inelastic.

Explanation:

Although the question doesn't specify the price elasticity of newspapers, different papers and essays around the world concluded that it is very inelastic. So an increase in the price of newspapers will decrease the quantity demanded of news papers in a very small proportion. So it is safe to say that if the owner of the newspaper stand raises the price of newspapers, his total revenue will increase since its demand is price inelastic.

8 0
4 years ago
2. Choose any national or global chain with an online presence. Do a web search and spend time looking at their website. List th
Ne4ueva [31]

The correct answer to this open question is the following.

I choose the Amazon website to answer this question.

These are the strengths of this global company.

-First, it has a presence almost worldwide, due to the benefits of e-commerce.

-Reputation. It has a good reputation because serves the customer well.

-Infrastructure. World-class facilities and delivery infrastructure to get the product on time.

-Variety of products. You access the company's website and can find anything. From books to toys, movies, and furniture.

-Prices. Accessible or competitive process because that is the advantage of e-commerce.

-Customer Service. Good client service that aims for entire satisfaction.

-Promise of delivery. Delivery time. Period.

3 0
3 years ago
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