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liraira [26]
4 years ago
14

Consider the market for corn.

Business
1 answer:
Romashka-Z-Leto [24]4 years ago
3 0

Answer:

(a) This will shift the supply curve of corn leftwards because a lot of corn would be destroyed from the drought.

(b) This will increase the demand and price for corn and hence, this will cause a movement along a supply curve.

(c) Reduction in the income level of the consumers will lead to reduce the demand and prices of the corn. Therefore, there is a movement along a supply curve.

(d) Increase in the productivity will cause a rise in the production of corn and hence, this will shift the supply curve rightwards.

(e) By advertising campaign, there is an increase in the demand for beef and therefore, this will increase the price of beef. Hence, cause a movement along a supply curve.

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If a technological advance reduces the amount of variable resources needed to produce any level of output, then the
julsineya [31]

Answer: Marginal Cost curve will shift downward

Explanation:

In a situation whereby technological advance brings about a reduction in the amount of variable resources that are needed for the production of any level of output, then there will be a downward shift of the marginal cost curve.

7 0
3 years ago
Depreciation is higher in earlier years and income is lower in the later years when using straight-line versus accelerated metho
atroni [7]
That statement is false

If you're using a straight line method, the amount of depreciation throughout the year will be determined using a single percentage equation.
Therefore, the amount of depreciation by using method will be exactly the same throughout the year, not like it mentioned on the statement above
7 0
3 years ago
Iris Souza started the summer with $30. She took $10 and made signs for her dog walking service. She posted the signs all over h
Ivenika [448]

Answer:

Souza's profit for her summer job is $125

Explanation:

Profit is the amount remaining after deducting total expenditure from total revenue.

Since Souza had $125 left after purchasing for herself a new pair of shoes for $50 at the end of the summer, her profit for her summer job is $125

6 0
3 years ago
after his presentation, Tao was asked a lot of questions About many different slides. Since he had over 45 slides, It was time c
sveticcg [70]
C. Would be the best way to go
7 0
3 years ago
Read 2 more answers
Penn Company has a division that manufactures a component that sells for $ 50 and has variable costs of $ 25 and fixed costs of
Tatiana [17]

Answer:

C. $35

Explanation:

Given;

Selling price of the manufactured component = $ 50

Variable costs of production = $ 25

Fixed costs of Production = $ 10

If the component is to be sold to another division, the minimum sales price is equivalent to the total production cost of the transferring division

= $ 25 + $ 10

= $ 35

The minimum transfer price if the division is operating at​ capacity is $35.

5 0
3 years ago
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