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Genrish500 [490]
3 years ago
12

Consider the market for coffee beans. Suppose that the prices of all other caffeinated beverages go up 30 percent while at the s

ame time a new fertilizer boosts production at coffee plantations dramatically. Which of the following best describes what is likely to happen to the equilibrium price and quantity of coffee beans?
A. Both the equilibrium price and the quantity will rise.
B. The equilibrium price will rise but the equilibrium quantity will fall.
C. The equilibrium price may rise or fall but the equilibrium quantity will rise for certain.
D. Neither the price change nor the quantity change can be determined for certain.
E. None of the above.
Business
1 answer:
wlad13 [49]3 years ago
7 0

Answer:

A. Both the equilibrium price and the quantity will rise.

Explanation:

Coffee beans and caffeinated beverages can be described as substitute goods. The two products offer the same solutions to customers. A rise in the price of one will lead to an increase in demand for the other. Customers will avoid the expensive option, thereby increasing the demand for a cost-friendly product. A 30 percent increase in the price of caffeinated beverages will increase the demand and equilibrium quantity of coffee beans.

An increase in demand results in a rise in prices. The use of fertilizer to boost production will improve production and increase equilibrium quantity. The equilibrium price will remain high due to the increase in the prices of the substitute goods.

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Oligopoly is a form of firm syndicate that consist of traders that has same product and try to gain more profit by collaborating to each other.

<h2>Further Explanation:</h2>

There are couple of types of market

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Newhard Company assigns overhead cost to jobs on the basis of 125% of direct labor cost. The job cost sheet for Job 313 includes
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Answer:

A) manufacturing costs= $37,000

B) Unitary cost= $37

Explanation:

Giving the following information:

Newhard Company assigns overhead costs to jobs based on 125% of direct labor cost.

The job cost sheet for Job 313 includes $10,000 in direct materials cost and $12,000 in direct labor cost.

A total of 1,000 units were produced in Job 313.

A) manufacturing costs= direct materials + direct labor + manufacturing overhead

manufacturing costs= 10000 + 12000 + (12000*1.25)= $37,000

B) Unitary cost= 37000/1000= $37

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3 years ago
please discuss the similarities and differences between transformational and charismatic leadership. Choose an individual that q
Nookie1986 [14]

Answer:

The transformational leaders are bureaucratic and charismatic are people oriented in nature.

Explanation:

  • The charismatic leaders are also called as the transformational leaders and shares various things.
  • Charismatic leaders make their status better and transformational leaders focus on the transformation of the organization's vision. The main difference is the focus and the audience.
  • The charismatic leaders are committed and have engaging personalities like martin Luther king as his speeches were often more tangible than other leaders and used to have a huge influence on the people he met.
  • The charismatic leaders are more emotionally attached to their audience. They work towards an emphasis on the greater good. More people-oriented.

6 0
3 years ago
Travis, a licensed salesperson, was awarded a judgment of $10,000, but the broker won't pay. for what amount may travis apply to
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Travis may apply for $0  as in the US, consumers who have won a court judgment against a licensee are given reimbursement.

A licensed real estate broker, salesperson, or closing agent's dishonest, fraudulent, or dishonest conduct, or the conversion of trust money, are grounds for compensation under the Real Estate Education, Research, and Recovery Fund.

Every commercial sales transaction must comply with the agency disclosure obligation. A licensee's disclosure of the party(ies) he acts on behalf of in the transaction shall be confirmed in writing.

By the law, Payments from the Real Estate Inspection Recovery Fund are limited to a maximum of $30,000 per license holder and a maximum of $12,500 per transaction.

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2 years ago
RESTAURANT RESEARCH SCENARIO - Insight Research, a marketing research company, has been hired by a national chain of family rest
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Answer:

Employees attitude to customers (Customer Relationship) and the quality of the food are the two most important trends that would bring about an increase in sales.

Explanation:

The first instrument of effective sales is an establish relationship. If a customers visits a restaurant to buy food and does not feel welcomed, the tendency to return back another time is very slim. Hnece, taking the scenerio in questions,the employees do not have the right attitude for keepiing their customers loyal to their product irrespective of whether the product is good or bad.

On the other hand, the reason for visiting a restaurant is to eat good food and not bad. So, when the quality of food cooked by the restaurant does not meet the taste and quality expected by the customer, the possibility of having such customer come around again is low. This invariably implies loosing the customer and the chain of connections such customer would have brought to the restaurant.

In summary, having the right employees with good customer relationship and chefs with good food recipes and quality is likely to result in the restaurant experiencing an increase in sales

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