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mario62 [17]
2 years ago
8

Harry loves both hot dogs and hamburgers. He receives about the same satisfaction from eating one hamburger as he does from eati

ng one hot dog, and the two goods fill the same need in Harry's life. The price of hot dogs has been extremely volatile for the past several years, and this year is no exception Hot dog prices decreased tremendously this month Assuming hot dogs and hamburgers are substitutes for Harry, what is the effect on Harry's demand for hamburgers due to the decrease in the price of hot dogs?
a. There will be a movement down along his demand curve
b. There will be a movement up along his demand curve.
c. His demand curve for hamburgers will shift to the left.
d. His demand curve for hamburgers will shift to the right.
Business
1 answer:
Alexeev081 [22]2 years ago
0 0

Answer:

Harry loves both hot dogs and hamburgers. He receives about the same satisfaction from eating one hamburger as he does from eating one hot dog, and the two goods fill the same need in Harry's life. The price of hot dogs has been extremely volatile for the past several years, and this year is no exception Hot dog prices decreased tremendously this month Assuming hot dogs and hamburgers are substitutes for Harry, what is the effect on Harry's demand for hamburgers due to the decrease in the price of hot dogs?

There will be a movement down along his demand curve

Explanation:

Reason behind the decrease in demand curve for hamburger would be as a result of decrease in the price of hot dog which would increase the demand since they could be substituted for each other because of their benefits; hence, the demand curve for hamburger would be decreased or mov e down

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Hoosier Manufacturing operates a production shop that is designed to have the lowest unit production cost at an output rate of 1
soldier1979 [14.2K]

Answer:

The Capacity utilization rate is 73.94 units per hour for the month.

Explanation:

Provided data,

Output rate = 160 units per hour

In the month of July,

Total production hour = 295 hours.

Total units = 34900 units.

Ideal output units in the month of July = output rate × total production hour

= 160 × 295

= 47200 units.

Capacity utilization rate of production shop is given by,

Utilization rate = (output unit in July ÷ idea output) × 100

= (34900 ÷ 47200) × 100

= 0.7394 × 100

= 73.94 units per hour

So, the Capacity utilization rate is 73.94 units per hour for the month.

7 0
3 years ago
Even though the procedure called for you to do so, organic chemists typically do not weigh sodium sulfate when it is used for th
bogdanovich [222]

Answer:

a) Why is it NOT necessary to weigh accurately the sodium sulfate?

Explanation:

The mass of sodium sulfate is not important to the lab because it is not used in any of the calculations to find the partition coefficient of 9-Fluorenone.

8 0
3 years ago
Riverbed Corporation issued 1,900 shares of $10 par value common stock upon conversion of 950 shares of $50 par value preferred
masya89 [10]

Answer:

The answer is given below;

Explanation:

 Preference stocks  950*50    Dr.$47,500

 Paid in capital in excess of par-preference shares  Dr.$  13,300                                  

 (64-50)*950

  Common Stocks  1,900*10        Cr.$19,000

  Paid in capital in excess of par-common stocks    Cr.$41,800

   (64*950)-(1900*10)                                        

8 0
2 years ago
When trying to figure out what your workplace means by business casual, it is best to _____.
Lady_Fox [76]
When trying to figure out what your workplace means by business casual, it is best to be conservative
4 0
3 years ago
The Assembly Department produced 5,000 units of product during March. Each unit required 2.20 standard direct labor hours. There
insens350 [35]

Answer:

The journal entry is as follows:

Explanation:

Work in Progress A/c............................................Dr    $198,000

Labor efficiency variance(unfavourable)...........Dr   $9,000

                      Labor rate variance A/c........................Cr      $4,600

                      Wages Payable A/c.................................Cr    $202,400

Working Note:

Standard hour = Standard direct labor hours × (Standard hour - Actual hour)

= $2.2 × 5,000

= $11,000

Labor efficiency variance = $18 ×  (11,000 - 11,500)

= $18 × 500

= $9,000

Standard cost = Standard rate ×  Standard hour

= $18 × 11,000

= $198,000

Actual Cost = Actual rate × Actual hour

= $17.6 × 11,500

= $202,400

6 0
3 years ago
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