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soldi70 [24.7K]
3 years ago
8

If demand for farmer​ john's maple syrup is​ inelastic, then when farmer john raises the price of maple​ syrup, his total revenu

e will
Business
1 answer:
dybincka [34]3 years ago
7 0

If demand is inelastic, this means that the amount demanded doesn't change with the increase of price. In this case, if John were to raise prices, we assume that quantity demanded would stay the same and John would make more revenue.

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Mediocre economists often consider only the immediate apparent effects of a change, whereas a good economist will also consider
olga nikolaevna [1]

Answer:

C. The importance of secondary effects

Explanation:

Secondary economic impact is a study of economic activities due to recurring rounds of spending by companies, households, and the government.

Secondary effects are long term and comes after the primary effect (first round of spending).

It is also called induced economic effect.

6 0
2 years ago
Boney Corporation processes sugar beets that it purchases from farmers. Sugar beets are processed in batches. A batch of sugar b
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Answer:

$25 per batch

Explanation:

Combined final sales value:

= Sales value of refined sugar + Sales value of industrial fiber

= $65 + $65

= $130

Financial advantage:

= Combined final sales value - Further Processing - sugar beets costs - Cost to Crush

= $130 - ($17 + $21) - $54 - $13

= $130 - $38 - $54 - $13

= $25 per batch

Therefore, the financial advantage (disadvantage) for the company from processing one batch of sugar beets into the end products industrial fiber and refined sugar is $25.

8 0
3 years ago
In calculating a predetermined overhead rate, a recent trend in automated manufacturing operations is to choose an activity base
iragen [17]

Answer: c. machine hours.

Explanation:

In reference to Automated Operations, the Activity base that is usually used to in determining a pre-determined overhead rate are Machine hours.

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3 years ago
An independent firm that offers connections and Electronic Data Interchange (EDI) transaction forwarding services to buyers and
weeeeeb [17]

Answer:

Value Added Network

Explanation:

Value Added Network -

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Hence, from the given information of the question,

The correct term is Value Added Network VAN.  

3 0
3 years ago
22. Akshay worked at a cafe while he was a college senior in Boston,
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Answer: The answer is C

Explanation: I got this correct on a test

7 0
2 years ago
Read 2 more answers
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