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sveta [45]
3 years ago
10

Suppose the United States removes the sugar quotas and the market price of sugar drops. Since sugar is an input in chocolate, we

would expect consumer surplus in the chocolate market to
Business
1 answer:
8090 [49]3 years ago
4 0

Answer:

The consumer surplus will definitely increase.

Explanation:

The reason is that the manufacturers have purchased the sugar at a high price and now it is available at a lower price. So this means that the price of chocolate must decrease in the market if the price of material input is fallen. But the chocolate prices will take time to fall and as the result the customer is willing to pay lower prices but he is forced to pay more because the manufactured chocolates include sugar which was bought at a higher price. So the consumer surplus will increase.

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A separation between ownership and management is most likely to occur in a:
Thepotemich [5.8K]
 a separation between ownership and management is most likely to occur in a  : Corporation
In a corporation, the owners (or more commonly known as the share holders) tend to higher the executive that they believe is capable to manage the company

hope this helps
7 0
3 years ago
To persuade my audience that colleges should adhere to stricter standards when investigating and deciding cases of sexual assaul
Elodia [21]

To persuade my audience that colleges should adhere to stricter standards when investigating and deciding cases of sexual assault on campus is a specific purpose statement for a persuasive speech on a question of Value .

Option E

<u>Explanation: </u>

A persuasive speech is a particular speech where the speaker tries to convince the listener to support its views. The presentation is so structured that the viewer will potentially embrace all or part of the views expressed.

Convincing remarks on important issues require other acts but do not call for action. Convincing meaning terms depend on an evaluation of whether something is correct or incorrect, moral or immoral, or greater or worse than anything else.

The following proposals: truth, meaning and strategy require convincing speeches. Valuable ideas rely on persuading a group that there is something "good or bad," "just," or "wishful or unwelcome," or "right or wrong." "This is the correct way of thinking.

4 0
3 years ago
Kremena's bank account earns 4.5% simple interest. How much must she deposit in the account today if she wants it to be worth $1
12345 [234]

Answer:

$1,101.32

Explanation:

Simple interest accounts balances are calculated using the following formula

A = P ( 1 + rt)

where:

A = final account balance

P = starting balance

r = interest rate (annually) percentage divided by 100

t = years

Therefore, we can plug in the values provided in this formula and solve for P which would be the amount that Kremena needs to deposit.

1,250 = P ( 1 + (0.045 * 3))

1,250 = P * 1.135  ... divide both sides by 1.135

1,101.32 = P

Finally, we can see that Kremena would need to deposit a total of $1,101.32 to have the amount that she wants after 3 years.

4 0
3 years ago
Perteet Corporation's relevant range of activity is 3,600 units to 8,000 units. When it produces and sells 5,800 units, its aver
creativ13 [48]

Answer:

Total MFG Overhead  $ 20680

Explanation:

Perteet Corporation

Manufacturing overhead consists of Variable manufacturing overhead and Fixed manufacturing overhead.

Variable manufacturing overhead $ 1.40

Fixed manufacturing overhead $ 3.30

Manufacturing overhead per unit    $ 4.7

No of units =  4,400

Total MFG Overhead = 4.7 * 4400 =  $ 20,680

The manufacturing overhead costs do no not consists of Fixed selling expense, Fixed administrative expense ,Sales commissions and Variable administrative expense. Another way of finding the manufacturing overhead costs is subtracting the cost of direct materials and direct labor from the cost of goods sold.

Cost of Goods Sold $ 14.2

Direct materials $ 6.30

Direct labor $ 3.20

Variable manufacturing overhead $ 1.40

Fixed manufacturing overhead $ 3.30

Total Manufacturing Costs= $ 14.2

Less Direct Materials Cost= $ 6.3

Less Direct Labor Costs = $ 3.2

Mfg Overhead= $ 4.7

No Of Units = 4400

Total MFG Overhead = 4.7 * 4400= $ 20680

     

6 0
3 years ago
Agricultural output is affected by the weather. Excessively high temperatures and a lack of rainfall are detrimental too crop yi
Dimas [21]

Answer:

<u>Scenario:</u>

1. Agricultural output is affected by the weather.

2. Excessively high temperature + lack of rainfall = less crop yields.

3.  Farmers desire to maximize crop yields under the best growing conditions and accept whatever the weather offers.

4. For a particular crop, actual yield < desired yield.

<u>Solution: </u>

1. Conditions for less than desired yield to be beneficial for farmers revenue:

a) Higher market demand:  The market demand for the crop this year may be far higher than the supply since the yield is less than desired.

b) With market demand outstripping supply, price for the crop will skyrocket, according to the law of demand and supply.

c) Total revenue may become more this year, given the increased demand, less supply, and increased price per unit.

2. a) The surprising result is possible, because more people will want to buy the crop.  The total quantity they may require will be higher than the actual quantity available for sale.  The sellers will take advantage of this situation to raise the price per unit.

b) For example, yam tubers cost $2 per pound last year.  The total pounds of yam produced was 200 pounds.  The total revenue for all sellers would not exceed $400 ($2 * 200 pounds).  If the yam produced this year is 50 pounds and the price per pound is $10.  The farmers revenue will be $500 ($10 * 50 pounds).  With this hypothetical example, it can be clearly seen that total revenue increased by $100 despite the reduced crop yield.

Explanation:

What is operational here is the economic law of demand and supply.  The law states that when the demand is higher than the supply, the price will be higher.  On the other hand, when the supply is higher than the demand, the price will be lower.  Equilibrium price is achieved when demand equals supply, all things being equal.

All things are equal when there is a perfect market with information available equally to sellers and buyers.  This enables transactions to be carried out at an arm's length between knowledgeable buyers and sellers.  The implication is that buyers and sellers do not take advantage of the other party to cheat on price or act on a cartel basis.

4 0
3 years ago
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