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kvv77 [185]
2 years ago
15

For each of the following statements, draw a diagram that illustrates the likely effect on the market for eggs. Indicate in each

case the impact on equilibrium price and equilibrium quantity a. The surgeon general warns that high-cholesterol foods cause heart attacks. b. The price of bacon, a complementary product, decreases. c. The price of chicken feed increases. d. Caesar salads become trendy at dinner parties. (The dressing is made with raw eggs.) e. A technological innovation reduces egg breakage during packing.

Business
1 answer:
zlopas [31]2 years ago
3 0

Answer:

Please find the diagrams in the attached images

Explanation:

A) If a surgeon warns that high-cholesterol foods cause heart attacks, the demand for eggs would fall because eggs are high in cholesterol. The fall in demand would shift the demand curve to the left , price and quantity would fall.

B. Complementary goods are goods consumed together. If the price of a complementary good falls, the demand for the other good increases. If the price of bacon falls, the demand for eggs would increase. The demand curve would shift to the right, the price and quantity would increase.

C. If the price of chicken feed increases, the cost of producing eggs increases and the quantity supplied falls. The supply curve shifts to the left, prices rise and quantity falls.

D. If Caesar salad becomes more trendy, the demand for eggs increases. The demand curve shifts to the right, price and quantity increases.

E. Technological innovation would increase the quantity supplied. The supply curve would shift to the right, price falls and quantity increases.

I hope my answer helps you

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Vinvika [58]

Answer:

c. buying rupees from National Bank at the ask rate and selling them to American Bank at the bid rate.

Explanation:

  • Locational arbitrage is a strategy in which one seeks profits from the difference in exchange rates for the same currency at different banks.
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3 0
3 years ago
Production estimates for July are as follows:
LenKa [72]

Answer:

d. 234,000 lbs. of A; e. 39,000 lbs. of B

Explanation:

For computing the number of pounds first we have to find out the production units which is shown below:

Production units = Sales units + ending inventory units - beginning inventory units

= 76,000 units + 10,500 units - 8,500 units

= 78,000 units

Now number of material pounds required is

Direct material            A          B  

One unit requires           3 lbs 1 ÷ 2 lbs

Multiply 78000 unit requires   234,000 39,000

We simply multiplied the production units with the required unit of each material i.e A and B so that the accurate number of pounds could arrive

6 0
3 years ago
In evaluating the profit center manager, the income from operations should be compared a.across profit centers b.to historical p
olya-2409 [2.1K]

Answer: to historical performance or budget

Explanation:

A profit center in a business is a division that is able to make revenues independently and contribute to the revenue of the entire business. In evaluating the performance of a profit center manager, it is best to compare the performance to a budget or their historical performance.

This is because profit centers engage in different businesses and so their revenue making style will be unique. Some profit centers will make more than others because of the goods they produce or the way they produce it. It is therefore best to compare a profit center to an internal measure such as the budget and historical performance.

If the profit center exceeds either of these then they are performing well.

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3 years ago
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Answer:So far we have learned to measure real GDP, but how do we end up with that real GDP? Of all of the different amounts of national income and price levels that might exist, how do we gravitate toward the one that gets measured each year as real GDP?

In short, it is the interaction of the buyers and producers of all output that determines both the national income (real GDP) and the price level. In other words, the intersection of aggregate demand (AD) and short-run aggregate supply (SRAS) determines the short-run equilibrium output and price level.

Once we have a short-run equilibrium output, we can then compare it to the full employment output to figure out where in the business cycle we are. If current real GDP is less than full employment output, an economy is in a recession. If current real GDP is higher than full employment output, an economy is experiencing a boom. If the current output is equal to the full employment output, then we say that the economy is in long-run equilibrium. Output isn’t too low, or too high. It’s just right.

Explanation: hope this helps

6 0
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Zach is employed by Scott Paper Company and is a key account manager on the WalMart team based in Bentonville, AR so he can be n
Travka [436]

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They are responsible for coordinating vendors, and maintaining relationships necessary to keep the good moving. They are also to report on their activities with a view towards expansion. This is what Zach does therefore he is a channel captain.

6 0
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