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kotegsom [21]
3 years ago
6

Suppose that the current issue of The New York Times reports an outbreak of mad cow disease in Nebraska, as well as the discover

y of a new breed of chicken that gains more weight than existing breeds that consume the same amount of food. How will these developments affect the equilibrium price and quantity of chickens sold in the United States?

Business
1 answer:
Artemon [7]3 years ago
5 0

Answer:

Equilibrium price will increase and quantity demanded will increase.

Explanation:

Chicken and beef are both meat and exist as substitutes.

The New York Times report on out break of mad cow disease will make consumers look for a substitute to beef, they will buy more of chicken.

The fact that this breed of chicken eat the same feed and gains more weight will attract customers.

When a factor besides price affects the demand of a good it results in a demand shift. In this case demand for chicken increases, so demand curve shifts to the right.

The equilibrium price will also increase as more of the chicken will now be supplied. This is illustrated in the attached diagram by equilibrium price shift from P1 to P2.

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Sal is very clear in defining for his subordinates the incentives available to them for different levels of performance. He make
sergejj [24]

Answer: d. path–goal

Explanation:

The Path-goal theory of leadership espouses that leaders should be dynamic and use whichever leadership style would be best suited to the abilities of their subordinates and the work environment that they are in.

It is then divided into four styles with the relevant style here being the "directive path-goal clarifying leader behavior". Under this style, the manager specifies exactly what it is that they want from the employees and then rewards them when they meet the required objectives.

7 0
2 years ago
To an economist, an increase in demand means the same thing as an increase in quantity demanded.
Morgarella [4.7K]
<span>This is false. An increase in demand is more major than an increase in quantity demanded. Quantity demand refers to the demand of a product at a particular price and is only a movement on the demand curve. An increase in demand would cause the demand curve to shift which is more major than a movement and it encompasses the entire relationship between price and demand.</span>
7 0
3 years ago
Lex Corporation is an expanding telecommunications company. However, they are in need of more computers for their new employees.
Kobotan [32]

Answer:

The Answer is Capital.

Explanation:

In Economics, we identify that there are 4 main factors that contribute to the production, we call them "factors of production" and they are,

  1. Land: Not just "land" but also includes all the natural resources that could be extracted and used for any production purposes.
  2. Labor: Mental and physical efforts carried out by humans in the production process.
  3. Capital: Assets or anything  that can enhance/boost the ability to produce. Usually, these are generated or created as a result of human interventions and efforts.
  4. Entrepreneurship: the set of skills required to coordinate and manage the process of production successfully.

So, under which category of factors that the computers fall under? Simple right? Its 3.Capital! because they are assets that are created by humans to aid in enhancing the production capabilities!

5 0
3 years ago
Joseph is reviewing secondary data his company collected about seasonal variations in consumer spending because he is thinking a
Yanka [14]

Answer:

The advantages of using secondary data are several, but its main advantage is that it is the cheapest way to gather large sets of information. A lot of secondary data is available on the internet, so it is time saving. Using secondary data saves work, efforts and money.

We can also use secondary data to determine more specifically which primary data we need to gather, again saving resources.

7 0
3 years ago
Mathematics for Business and Finance
Marina CMI [18]

Answer:

Explanation:

Apply first discount to original price

apply next discount to discounted price

etc

8 0
3 years ago
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