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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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Suppose that the marginal utility of good Y = 2X2 and the marginal utility of good X = 4XY. What is the slope of the indifferenc
muminat

Answer:

The slope of indifference curve is 7.

Explanation:

The marginal utility of good Y = 2X^2

The marginal utility of good X = 4XY

Given Y = 7

X = 2

The slope of the indifference curve is otherwise termed as the marginal rate of substitution. So, we can find the slope by dividing the marginal utility of Y by the marginal utility of X.

Slope = MUx / MUy

= 4XY / 2X^2

= 4Y / 2X

Now insert the value of X and Y.

= (4×7) / (2×2)

= 28/4

= 7  

Hence the slope of the indifference curve is 7.

8 0
3 years ago
Cost of Goods Manufactured, using Variable Costing and Absorption Costing On March 31, the end of the first year of operations,
Lynna [10]

Answer:

$178

$259

Explanation:

The calculation of the variable costing concept and (b) the absorption costing concept is shown below:-

Cost of Goods Manufactured per unit = $516,200 ÷ 2,900

= $178

Fixed Manufacturing Overhead Per Unit = $234,900 ÷ 2,900

= $81

Variable Product cost Per Unit = Cost of Goods Manufactured per Unit

= $178

Absorption product cost per unit = $178 + $81

= $259

8 0
3 years ago
Two ways for a company to guarantee quality of a product are quality control and quality ___________.
natima [27]
Quality assurance is the other way
5 0
3 years ago
Brief Exercise 13-14 Coronado Corporation sells DVD players. The corporation also offers its customers a 4-year warranty contrac
Iteru [2.4K]

Answer:

(a)Sale contracts

Dr Cash $2,100,000

Cr Unearned warranty revenue $2,100,000

b)Cost of servicing warranty

Dr Warranty expense $189,0000

Cr Inventory $189,000

(c)Recognized warranty revenue

Unearned warranty revenue $525,000

Explanation:

(a)Sale contracts

Dr Cash ($20,000 x105) $2,100,000

Cr Unearned warranty revenue $2,100,000

b)Cost of servicing warranty

Dr Warranty expense $189,0000

Cr Inventory $189,000

(c)Recognized warranty revenue

Unearned warranty revenue $525,000

($2,100,000 ×1/4)

7 0
3 years ago
If income increases by $100 and consumption increases by $75, the slope of the consumption function equals _____.
Rainbow [258]

Answer:

3/4

Explanation:

The marginal propensity to consume mpc, is the slope of the consumption function and it is what this question requires us to find

We have income increase to be = 100 dollars

Then consumption increase = 75 dollars

MPC = increase in consumption ,75/increase in income 100

= 75/100

= 3/4

Therefore the marginal propensity to consume also called the slope is 3/4

8 0
3 years ago
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