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Shalnov [3]
3 years ago
6

Which of the following events would unambiguously cause a decrease in the equilibrium price of cotton shirts? a. a decrease in t

he price of wool shirts and a decrease in the price of raw cotton b. an increase in the price of wool shirts and an increase in the price of raw cotton c. an increase in the price of wool shirts and a decrease in the price of raw cotton d. a decrease in the price of wool shirts and an increase in the price of raw cotton
Business
1 answer:
ella [17]3 years ago
3 0

Answer:

a. a decrease in the price of wool shirts and a decrease in the price of raw cotton

Explanation:

A decrease in the price of wool shirts would lead to an increase in demand for wool shirts and a decrease in demand for cotton shirt. Cotton and wool shirts are substitutes goods. Price would fall and quantity would fall. A decrease in the price of raw cotton would increase production of cotton shirts and the supply of shirts would increase. This would lead to a rightward shift in the supply curve. Quantity would increase and price would fall. The combined effect of this would lead to an unambiguous decrease in price.

I hope my answer helps you

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The following data are for a series of increasingly extensive flood-control projects.
marissa [1.9K]

Answer:

$28,000 and $12,000, respectively

Explanation:

Marginal cost = incremental cost from Plan C to Plan D

= total cost (plan D) - total cost (plan C)

= 72,000 - 44,000 = $28,000

Marginal benefit = incremental benefit from Plan C to Plan D

= total benefit (plan D) - total benefit (plan C)

= 64,000 - 52,000 = $12,000

Therefore marginal cost and benefits for Plan D = $28,000 and $12,000, respectively

4 0
3 years ago
The SP Corporation makes 49,000 motors to be used in the production of its sewing machines. The average cost per motor at this l
Lerok [7]

Answer:

Savings in additional cost as result of making      $154,350.00

Explanation:

The relevant costs for this decision would be the variable cost of production and the external cost of purchase.

Unit variable cost of internal production  

= 10.80 + 9.80 + 4.10 = $24.7

Variable cost of making ( $24.7  × 49,000)       =  1,210,300.00  

Variable cost of Buying     ($27.85  × 49,000)  =   <u>1,364,650.00</u>  

Savings in additional cost as result of making      <u> 154,350.00</u>

Note that the fixed cost is irrelevant for the purpose of the make or buy decision . This is so because they would be incurred either way. Hence, they are not to be considered for the analysis

3 0
3 years ago
"Gap" insurance a. is a good deal for the buyer. b. pays off the loan balance as well as being very profitable for the dealer. c
Gekata [30.6K]

Answer:

c. is very profitable for the dealer

Explanation:

"Gap'' Insurance pays off the loan balance if the insurance payment is insufficient also it is profitable for dealer as well. Sometime the main insurance claim cannot fufill the loss so those that cannot be fullfill by main insurance are manage by gap insurance.

5 0
3 years ago
What is the rule for organizing the work effort to support good strategy execution?
Mrac [35]

Answer:

A. Match the firm's organizational structure to its unique strategy.

Explanation:

The precept for organizing the work effort to sustain good strategy accomplishment is that <u>match the firm's organizational structure to its unique strategy</u>. A firm's organizational structure is constituted of the formal as well as an informal arrangement of responsibilities, tasks, lines of power, as well as reporting connections by which the firm is managed. Except for the above-elaborated statement, all the statements which are given are not up to the mark.

8 0
3 years ago
The expected rate of return on a constant growth stock is equal to the ____ plus its _____. Select one: a. risk-free rate; infla
belka [17]

Answer:

The correct answer is letter "D": dividend yield; expected growth rate.

Explanation:

Constant growth stocks are dividends expected to provide a constant rate for long, undetermined periods. This implies the stock's dividend yield and projected capital gains are constant. Under these parameters, <em>the expected rate of return of this type of stock is calculated by adding the expected dividend yield to the expected growth rate</em>.

7 0
3 years ago
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