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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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While all members of the Federal Reserve Board of Governors vote at Federal Open Market Committee (FOMC) meetings, only______ of
goblinko [34]

Answer:

(i) 5

(ii) Option (A) is correct.

(iii) Open market operations; sell

Explanation:

(A) The Federal Open Market Committee consists:  

(i) 7 members of the Board of Governors  

(ii) 5 of the 12 regional bank presidents

Therefore, only 5 of the regional bank presidents are the members of FOMC.

(B) The fed is lender of last resort to the banks in the united states which don't have any other source of borrowing.

(C) Open market operations refers to the buying and selling of government securities to the public. The central bank of a particular nation uses open market operations as a monetary policy instrument for controlling money supply.

If the fed wants to decrease the money supply in the economy, then it must sell the government bonds to the public. Hence, there is a reduction in the money supply.

5 0
3 years ago
dar Grove Industries produces and sells a cell phone-operated home security control. Information regarding the costs and sales o
Neporo4naja [7]

Answer:

.................................................................................................

Particulars                              Unit cost       Amount

Sales income                         $ 47            $ 376,000      

Less: Variable cost                $ 24           $ 192,000

---------------------------------------------------------------------------

Contribution Margin             $ 13           $ 184,000

Less: Fixed cost                                        $ 124,000

---------------------------------------------------------------------------

Net income                                                $ 60,000

...................................................................................................

Explanation:

Given:

Unit selling price = $ 47

Variable cost = $ 24

Total monthly fixed cost = $ 124,000

Number of units sold = 8,000

CVP income statement for Cedar Grove Industries for the month of May is as:

.................................................................................................

Particulars                              Unit cost       Amount

Sales income                         $ 47            $ 376,000      

Less: Variable cost                $ 24           $ 192,000

---------------------------------------------------------------------------

Contribution Margin             $ 13           $ 184,000

Less: Fixed cost                                        $ 124,000

---------------------------------------------------------------------------

Net income                                               $ 60,000

...................................................................................................

here, the amount is for the total unit i.e 8000 units multiplied by the unit cost

8 0
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Assuming you see a logo and recognize the brand as it is being presented to you, this is an example of Aided recall.

<h3>What is aided recall?</h3>

Aided recall can be defined as the process in which a person is being asked a question partaining to the advertisement he/she saw.

Aided recall in important as it help to create product awareness and it enables people to recognize a brand based on the advert they saw and to showcase their knowledge about the advert when asked.

Inconclusion this is an example of Aided recall.

Learn more about Aided recall here:brainly.com/question/24106562

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bija089 [108]
A market share objective is the reason they encountered losses. Market share often pursues by companies when industry sales are relatively flat or declining. Although increased market share is a primary goal of some firms, others see it as a means to other ends: increasing sales and profits.



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3 years ago
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alexgriva [62]

This "lessens" rivalry, since buyers become "less" price-sensitive.

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