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max2010maxim [7]
3 years ago
13

Consumers eating higher food costsWith higher gasoline​ prices, the demand for ethanol has increased. Because ethanol is made fr

om​ corn, the price of corn​rose, which in turn increased the prices of bread and chicken in the United States.​Source: USA TODAY​,September​ 6, 2007Explain why the demand for ethanol has influenced the price of chicken.With some of the U.S. corn crop being used to produce​ ethanol, the increased demand for ethanol has raised the price of chicken because ​ _______.A. people have substituted chicken for other​ foods, which has increased the demand for chickenB. corn is used in the production of chicken and the higher price of corn has decreased the supply of chickenC. the cost of producing chicken has​ increased, which decreases the quantity of chicken suppliedD. the decrease in the demand for chicken is less than the decrease in the supply of chicken
Business
1 answer:
Doss [256]3 years ago
4 0

Answer:

B. corn is used in the production of chicken and the higher price of corn has decreased the supply of chicken

Explanation:

Since corn is often what is fed to chikens in order to make them grow, the higher demand on corn for the production of ethanol has made the corn price to go up and with that the cost of production of the chikens has also gone up, this is the correlation that exists between the increased demand of ethanol and the elevation in the cost of chiken.

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If three sandwiches and two bags of chips cost $22. 00, and two sandwiches and one bag of chips cost $14. 25, how much does a ba
morpeh [17]

A bag of chips will cost $1.25. The price is calculated by making linear equations in two variables and solving them by substitution method.

<h3>What is a linear equation in two variables?</h3>

Linear equation in two variables can be defined as an equation in the form:

\rm ax + by = c , where x and y are variables and a and b are not equal to 0.

For the given problem, let "s" be the cost of a sandwich and "c" be the cost of a chips bag.

Given:

The cost of three sandwiches and two chips bags is $22.00.

Therefore, the 1st equation will be:

\rm 3s +2c = 22                              

The cost of two sandwiches and one chips bag is $14.25.

Therefore, the 2nd equation will be:

\rm 2s + c = 14.25

To calculate the cost of a chips bag, we need to solve equation 1 and equation 2 by the substitution method.

From equation 2, the value of c will be:

\begin{aligned}\rm 2s + c &= 14.25\\\\c &= 14.25 - 2s\end                                   ... (3)

Now we will put  \rm c = 14.25 - 2s  in equation 1:

\begin{aligned} \rm 3s + 2c &= 22\\\\3s + 2(14.25 - 2s) &= 22\\\\3s + 28.50 - 4s &= 22\\\\-s + 28.50 &= 22\\\\s &= 28.50 - 22\\\\s &= \$6.50\end

On substituting the value of s in equation 3:

\rm  c = 14.25 - 2s \\\\c = 14.25 - 2(6.50)\\\\c = 14.25 - 13\\\\c = \$1.25

Therefore the cost of a bag of chips is $1.25.

Learn more about linear equations in two variables here:

brainly.com/question/84787

8 0
2 years ago
The balance sheet of Cattleman's Steakhouse shows assets of $85,900 and liabilities of $13,500. The fair value of the assets is
cestrela7 [59]

Answer:

$7,120

Explanation:

Given that,

Assets = $85,900

Liabilities = $13,500

Fair value of assets = $90,500

Fair value of its liabilities = $13,500

Amount paid to acquire all of its assets and liabilities = $84,120

Net assets:

= Fair value of assets - Fair value of its liabilities

= $90,500 - $13,500

= $77,000

Goodwill = Purchase consideration - Net assets

               = $84,120 - $77,000

               = $7,120

8 0
3 years ago
Agent Simpson tells residents of a neighborhood minorities are moving into the neighborhood and property values are sure to plum
Drupady [299]

Answer: Blockbusting

Explanation:

Blockbusting could be defined as when an individual or someone that's into real estate tries to convince a particular set of people(mostly white) living in a neighborhood to sell their property describing to them that those property would soon depreciate in value and this promotes fear in the heart of occupants of those property. Most times the agents do this for their own gain rather than stating the obvious and it's illegal to do. Agent Simpson is practicing blockbusting kind of descrimination.

3 0
3 years ago
How do you change your profile name on brainly?
sergejj [24]

Answer:

i don't think your able to...

6 0
3 years ago
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Brad always buys and uses Nike brand golf balls. If he finds a Titleist or Callaway ball in the rough, he gives it away. Brand l
Vikentia [17]

Answer:

B. reduced the price elasticity of demand for its products

Explanation:

3 0
3 years ago
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