1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
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

You might be interested in
Dawson Toys, Ltd., produces a toy called the Maze. The company has recently established a standard cost system to help control c
svlad2 [7]

Answer:

1. a. The materials price and quantity variances

Material price variance: Standard cost per micron is $1.50 and actual cost per micron is $1.48. So, price variance is 1.48 - 1.5 = $(0.02) per micron

Quantity variance: Based on standard bill of material, Dawson Toys need 3,000 x 6 = 18,000 microns to produce 3,000 Maze toys. Actual consumption volume is 25,000 - 5,000 = 20,000 microns. So, quantity variance is 20,000 - 18,000 = 2,000 microns.

1. b. The labor rate and efficiency variances

Actual labor rate  = Actual labor cost / Actual hour = 88,000/4,000 = $22 per hour.

Efficiency variance = Actual labor rate - Standard labor rate = 22 - 21 = $1 per hour.

2. Prepare a brief explanation of the possible causes of each variance.

Direct material cost variance: Total actual material cost is 20,000 x 1.48 = $29,600, higher than standard material cost of 18,000 x 1.5 = $27,000. This is mainly due to higher production waste as compared to standards.

Direct labor cost variance: Total actual labor cost is $88,000, higher than standard labor cost of 4,000 x 21 = $84,000. This is mainly due to lower labor rate per hour than expected.

Explanation:

5 0
2 years ago
Kerry wants to start a business to sell handmade jewelry. She is very competent at making the jewelry and teaching others to mak
torisob [31]
Your answer is.......C) Natalie, who has business experience with accounting, management, and marketing
3 0
3 years ago
Which of the following products is likely to require the most help from a sales person?
Nina [5.8K]

a house, duh, clothing can be hung and stored, potato chips are bagged, a magazine is almost useless, but a house needs plants trimmmed and rooms cleaned and taking care of bugs and such

7 0
3 years ago
Read 2 more answers
A competitive firm maximizes profit by choosing the quantity at which.
photoshop1234 [79]

Profit maximization can be achieved by a competitive corporation by choosing a quantity of output such that marginal revenue equals marginal cost.

<h3>How does a corporation maximize its profit?</h3>

A corporation maximizes income via way of means of operating wherein marginal revenue equals marginal price. The corporation chooses quantity in order for that rate to equal marginal value so that it can maximize its profit.

Therefore, When the marginal revenue for an aggressive corporation equals the market rate, the firm maximizes its profit.

learn more about profit maximization here:

brainly.com/question/4171648

#SPJ1

7 0
1 year ago
In order for money to work properly, there can be only a certain amount of it in
tino4ka555 [31]
A.limited supply hope that helps
8 0
3 years ago
Other questions:
  • Foster, who owns a successful business with two locations and a few international clients, was approached by a large organizatio
    7·1 answer
  • Which of the following is an example of how the Principle of Beneficence can be applied to a study employing human subjects?
    13·1 answer
  • SwimFit produces gear for swimmers, including suits, goggles, swim caps, and ear plugs. SwimFit wants to improve the quality of
    10·1 answer
  • The impact of crowding out
    15·1 answer
  • JL.53 Bob's Bumpers has a repetitive manufacturing facility in Kentucky that makes automobile bumpers and other auto body parts.
    5·1 answer
  • You run a pizza delivery service in the greater New York area, delivering to Brooklyn, the Bronx, and Queens. How would you targ
    11·1 answer
  • Wheeler’s Bike Company manufactures custom racing bicycles. The company uses a job order cost system to determine the cost of ea
    11·1 answer
  • A(n) ________ is a favorable set of circumstances that creates a need for a new product, service, or business.
    7·1 answer
  • The scientific revolution established new methods of investigating the world, including?
    12·1 answer
  • How can you fix the current finance decisions so that we are in a healthy cash position at the end of the year?
    5·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!