1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Luda [366]
3 years ago
13

Determine how each scenario will impact either supply or demand in the given market.

Business
1 answer:
Mila [183]3 years ago
3 0

Answer:

Please see the answer together with the explanation in the below Explanation section.

Explanation:

The price of goose feathers, an input for pillows, increases sharply: Supply will decreases as some suppliers will move away from the market due to increase in production cost causing them to a profitability level lower than their expectation.

Researchers develop a higher-yielding, insect-repellant strain of rice: Supply of price will increase as with higher productivity rice plant.

During the Great Recession, the average income for an American worker fell sharply. During that time, families began preparing more of their own meals: demand will decrease as less people is willing/able to afford meals at the current market price, supply will also decrease as some of the restaurant closes down due to low revenue, some who still maintain expected profit margin will decrease price to meets people's affordability.

Spam unveils a new flavor, barbeque, which has students intrigued. The students transition from buying ham to Spam: Demand will increase as student prefer spam over ham and they are willing to pay more to enjoy better taste. With higher price, there is more motivation for spam to produce more which will also increase supply side of the market.

iDecide, a consulting firm, joins the market for accounting: supply will increase as there are more suppliers in the markets.

You might be interested in
It costs Lil Beasty Company $17 of variable costs and $3 of fixed costs to produce its product. The company currently has unused
Lynna [10]

Answer:

$2,500 Increase

Explanation:

Lil Beasty Company

Variable cost per unit ($17 + $1.50) $18.50

Income per unit ($19 – $18.50) $0.50

The total increase in net income ($.50 X 5,000 units) $2,500

Therefore we have increase $2,500 meaning If the offer is accepted with unused capacity, net income will increase by $2,500. The variable cost per unit will be $18.50 ($17 + $1.50); the income per unit is $.50 ($19 – $18.50); and the total increase in net income will be $2,500 ($.50 X 5,000 units)

3 0
3 years ago
Identify key components of economic growth and explain how they function in an economy.
Wittaler [7]

Answer:

Explanation:

1) Employment

The development of human capital can play an important role in overcoming unemployment, which is one of the biggest problems of our age. One of the most important components of human capital is the most important education that gives people new knowledge, skills and abilities, or enhances their skills, indirectly increasing their productivity and income. The effects of education on economic development and unemployment levels have been studied by economists much later than in classical production factors. A more detailed analysis of the economic aspects of education has led to a better understanding of labor market revenues, organizational structures and economic development.

2) Industry sector and human development

The mobilization and increase of physical inputs such as labor, material capital and natural resources (the discovery of new natural resources, the shift of existing labor and capital resources across sectors, etc.) in the short-term and long-term impact on economic growth in the manufacturing process. Due to technological progress and more intensive use of human capital in the manufacturing process, the impact of increased productivity on economic growth and development occurs mainly in the medium and long term. Experience of different countries' economic development is a sustainable and sustainable economic growth

It mainly focuses on the development and technological progress of human capital.

3) Development of the agricultural sector

It is a complement to activities that involve land (farming) and animal husbandry for the purpose of acquiring agricultural, plant and animal products. Adequate and high-quality agricultural production, which is one of the main sources of nutrition and income for the population, contributes to human development, with a positive impact on people's health and wellbeing.

4) Trade, Investment Environment and Private Sector Development

There is a significant and significant relationship between the liberalization of trade and the business environment and human development. Economic development practices show that countries liberalizing their foreign trade regime, improving their business environment and opening up to foreign investments will gradually achieve higher human capital potential in parallel with this process. The emergence of a strong human capital reserve, while ensuring the sustainability of economic growth, can also lead to the process of economic growth turning into economic development.

In other words, a favorable business environment will increase human capital investment in the country by increasing the demand for quality labor resources.

4 0
3 years ago
douglas pays selena $43,300 for her 30% interest in a partnership with net assets of $127,900. following this transaction, dougl
Katarina [22]

Selena receives $43,300 from Douglas for her 30% stake in a partnership with $127,900 in net assets. After this transaction, the capital account of Douglas should have a account balance of $38,370.

Douglas's Capital account balance

= Net assets x30%

= $127,900 x 30%

= $31,875

Therefore, Douglas's capital account should have a credit balance of $38,370

A financial repository's account balance represents the amount of money there is at the end of the current accounting period. It is the sum net assets of the balance carried over from the previous month and the net difference between the credits and debits that have been recorded during any given accounting cycle.

The amount due or the net debt may be shown in an account balance. The former is frequently depicted in financial accounts that include net assets recurring bills, like those for utilities or gym memberships. The latter, on the other hand, is reflected in accounts with negative cash balances, such as bank overdrafts.

Learn more about account balance here

brainly.com/question/28699225

#SPJ4

4 0
1 year ago
Social recognition, in which social media is used to recognize employee performance on a daily basis, has not yet been found to
uysha [10]

Answer:

The correct answer is letter "A": True.

Explanation:

<em>Social media</em> can be useful for different purposes but is <em>not the best platform through which executives should provide employee appraisal</em> because of its informal character. There are some other dynamic approaches such as 360-degree feedback in which not employers but also coworkers can rate employees' performance in their work frame, being this one of the most effective methods to boost their efficiency.

7 0
3 years ago
In research that investigated the jobs available to high school grads, six "new basic skills" were found to be necessary for job
fenix001 [56]
Being able to work with a team is important
7 0
3 years ago
Other questions:
  • Blair Scott started a sole proprietorship by depositing $75,000 cash in a business checking account. During the accounting perio
    14·2 answers
  • If your credit reports show different scores, what should you do?
    5·1 answer
  • ____________ serve as a central contact point where critical comments, dilemmas, and advice can be assigned to the person most a
    9·1 answer
  • A company with a functional organization structure has more difficulty doing which of the following? Focusing on the goods, mana
    15·1 answer
  • During 2018, businesses may elect to immediately expense up to $__________ of qualified real property placed in service that yea
    9·1 answer
  • What two conditions must hold for a competitive market to produce efficient outcomes? Group of answer choices Firms must maximiz
    11·1 answer
  • At the beginning of the year, Carson Company reported total current assets of $658,000 and total assets of $2,450,000. Carson re
    9·1 answer
  • Free xp for the first people to awnser
    15·2 answers
  • A job cost sheet of Sandoval Company is given below.
    6·1 answer
  • After firm A producing one good acquired another firm B producing another good, it lowered the prices for the bundle of goods. O
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!