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ICE Princess25 [194]
3 years ago
11

For the following questions, you need to determine whether each of the four factors given creates a positive demand shock, a neg

ative demand shock, a positive supply shock, or a negative supply shock for the market in bold. For example, if you are told, "Automobile workers receive higher wages: automobiles," you would indicate that the supply of automobiles will decrease and the supply curve will shift to the left.
Part1:
A. Birth rates in the United States decline: diapers
B. The government provides subsidies to ethanol producers: ethanol
C. Starbucks coffee drinkers suffer due to a small coffee harvest: Starbucks coffee
D. Consumer incomes decrease: public transportation
Part2:
A. The price of beer increases: Solo cups
B. Henry Ford develops assembly-line production: automobiles
C. Natural gas producers are making large economic losses: natural gas
D. The price of PlayStation increases: Xbox
Business
1 answer:
kumpel [21]3 years ago
8 0

Answer:

Part1:

A. Birth rates in the United States decline: diapers

  • demand decreases, demand curve shifts to the left

B. The government provides subsidies to ethanol producers: ethanol

  • supply increases, supply curve shifts to the right

C. Starbucks coffee drinkers suffer due to a small coffee harvest: Starbucks coffee

  • supply decreases, supply curve shifts to the left

D. Consumer incomes decrease: public transportation

  • demand decreases, demand curve shifts to the left

Part2:

A. The price of beer increases: Solo cups

  • demand decreases, quantity demanded will lower following the demand curve

B. Henry Ford develops assembly-line production: automobiles

  • supply increases, supply curve shifts to the right

C. Natural gas producers are making large economic losses: natural gas

  • supply decreases, supply curve shifts to the left

D. The price of PlayStation increases: Xbox

  • demand for Xbox decreases, quantity demanded will lower following the demand curve

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8 0
2 years ago
Which of the following is the major drawback of job sharing from management's perspective? difficulty in coordinating schedules
Debora [2.8K]

Answer:

difficulty in finding compatible partners.

Explanation:

Job sharing or work sharing is a practice in an organisation where 2 people are engaged on a part time basis to perform a task that will normally be given to one person working full time. This results in lower per employee income because all positions are shared.

For example an employer can hire two workers to work for 3 days in a week, achieve the job of a full time staff working a full week, and still turn in the finished work early.

A drawback to this arrangement will be difficulty in finding compatible partners.

4 0
3 years ago
Foxtrot Processing Corp. uses a new technology that allows it to produce standard goods in an economical way. In contrast, its c
makkiz [27]

Answer:

Low cost strategy

Explanation:

With low-cost leadership, the company maintains an advantage because it has a lower cost than its competitors. For example, if two companies make essentially identical products that sell at the same price in the market place, the one with the lower costs has the advantage of a higher level of profit per sale

3 0
3 years ago
Read 2 more answers
Burruss Company developed a static budget at the beginning of the company's period bases on an expected volume of 8,000 units:Re
choli [55]

Answer:

Total fixed cost $16,000

unit fixed cost for 10,000 units $1.60

Explanation:

the budget was made for 8,000 units

so the 2.00 dollars for fixed cost will be based on a production for 8,000 units

total fixed cost: 8,000 budgeted units x $2 per unit = 16,000

This is the level of fixed cost.

<u>For 10,000 units the total fixed cost should be the same.</u>

and for units it will be total cost / units of production

16,000 / 10,000 = 1.6

On unit-level it will drop by 40 cent to $1.60 from $2.00

7 0
3 years ago
Relationship between public and private sector in mixed economy?​
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Answer:

Mixed economy is referred to the economic system in which both public sector and private sector coexist. In this type of economic system, private sector as well as the state direct the economy and the means of production is shared between them.

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