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IgorC [24]
3 years ago
10

Rice is a cheap staple food eaten multiple times of day by many people all over the world. In Trufflelandia, residents also eat

expensive mushrooms known as truffles once per year as a birthday celebration. Rice keeps the people alive, and truffles are not necessary for sustaining their lives. Why is rice so cheap and truffles so expensive?a. Truffles taste better, so they are worth more money.b. Rice is easy to cook, so people buy a lot of it. If people are going to buy so much, then it has to be cheap.c. Truffles are more nutritious, and healthy food is always more expensive than unhealthy food.d. People eat so much rice that an additional serving of rice has little marginal value, but the marginal value of another serving of truffles is very high.
Business
1 answer:
enot [183]3 years ago
5 0

Answer:

Rice is so cheap and truffles are so expansive because D. People eat so much rice that an additional serving of rice has little marginal value, but the marginal value of another serving of truffles is very high.

Explanation:

When it comes to tasty or nutritious foods, there should not be any reason to be more expensive than others food stuffs. However, they often cost a little more. Regarding rice and its easy way of cooking, it is not a strong argument to talk about the price. So the right answer D, due to the fact that is true that eating a higher rate of rice won't have such a great marginal value as it will with truffles. It has to do a lot with higher demand of rice.

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Describe one specific way that taxes impact businesses. Describe another way that taxes impact individuals.
adelina 88 [10]

Answer:

By influencing incentives, taxes can affect both supply and demand factors. Reducing marginal tax rates on wages and salaries, for example, can induce people to work more. Expanding the earned income tax credit can bring more low-skilled workers into the labor force.

I think it might help you

7 0
3 years ago
M7_IND4. Andre Greipel is the owner of a small company that produces heart rate monitors. The annual demand is for 2,250 heart r
Stolb23 [73]

Answer :

a) Economic Production Quantity = 1,612 monitors

b) Number of setups = 1.4

c) Total cost = $972.12 per year

Explanation :

As per the data given in the question,

a) Economic Production Quantity = sqrt((2 × annual demand × set up cost) ÷ carrying cost × (1 - daily demand ÷ daily production))

=sqrt((2 × 2,250 × $350) ÷ $0.80 × (1 - 35 ÷ 140))

= 1,620.19

= 1,621 monitors

b) Number of setups = Annual demand ÷ Economic production quantity

= 2,250 ÷ 1,621

= 1.3880

= 1.4

c) Formula of Total cost = Carrying cost + Annual setup cost

Carrying cost=(Economic production quantity ÷ 2) × Carrying cost × (1 - daily demand ÷ daily production)

= (1,612 ÷ 2)× $0.80 × (1 -35 ÷ 140)

= $486.30

Annual setup cost = (Annual demand ÷ Economic production quantity) × setup cost

= (2,250 ÷ 1,621) × $350

= $485.812

So, Total cost = $486.30 + $485.812

= $972.12 each year

We simply applied the above formulas

6 0
3 years ago
Which category in Maslow's hierarchy includes basic survival needs such as air, food, water, and shelter?
riadik2000 [5.3K]

the answer is : A

The Physiological category in Maslow's hierarchy includes basic survival needs such as air, food, water, and shelter.

7 0
3 years ago
Read 2 more answers
Chloe Closson paid for her vacation to the mountains with a $3,000 installment loan at 10% for 12 months. Her monthly payments w
erastova [34]
If Chloe did not pay off the loan, she will payout 263.75 x 12 = $3165.00 

However, if Chloe pays off the loan with the sixth payment, she will pay out (263.75 x 5) + 1,786.20 = $3,086.95.

But the question is how much will she save? To get the answer just follow this:  3165.00 - 3086.95 = $78.05 

Therefore, Chloe saves $78.05 
7 0
3 years ago
Assume there are 100 suppliers of widgets in the widget market. Half of these suppliers supply 35 widgets to the market each, a
Bess [88]

Answer:

Total widgets supplied in the market will be 4000

So option (d) will be correct answer

Explanation:

We have given total number of suppliers = 100

It is given that half of the suppliers supply 35 widgets

So 50 supplier supply 35 widgets each

So total number widgets supplied by 50 supplier = 50×35 = 1750

A quarter, that is 25 supplier supply 40 widgets

So widgets supplied by 25 supplier = 25×40 = 1000

And other quarter, that is 25 supplier supply 50 widgets each

So widgets supplied by 25 supplier = 25×50 = 1250

So total widgets supplied in the market will be = 1750+1000+1250 = 4000

So option (d) will be correct answer

5 0
3 years ago
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