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Gnom [1K]
3 years ago
13

One autumn, the weather is perfect for growing pumpkins, and the pumpkin crop is much larger than usual. Meanwhile, when hallowe

en approaches, jack-o'-lanterns turn out to be less popular than in prior years. Instead, consumers spend more on costumes. What will happen to the price of pumpkins around halloween, compared with last year?
Business
1 answer:
valentina_108 [34]3 years ago
5 0

Answer: Price of pumpkins will fall compared to last year.

Explanation: Favorable weather leading to a larger crop than usual means that there is more supply of pumpkins this year than before.  Shifting the supply curve down to the right. At the same time, when people switch away from jack-o'-lanterns towards buying more costumes, it leads to a decline in the demand for pumpkins shifting the demand curve to the left.

The net result will be a decline in the demand for fall in the price of pumpkin. However, the effect on the quantity cannot be determined as it depends on the magnitude of shift in the two curves.

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What considerations arise when designing a research study?
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Pepsico's CFO uses this equation, which was developed by regressing inventories on sales over the past 5 years, to forecast inve
Mandarinka [93]

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The inventory forecast for next year is $ 120.4.

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3 years ago
Tex's Manufacturing Company can make 100 units of a necessary component part with the following costs: Direct Materials $120,000
Thepotemich [5.8K]

Answer:

Is better to continue the production of the component as currently is taking allocated overhead from other department. Buying will inccur in a financial disadvangate of 25,000

Explanation:

<u>Make</u>

Direct cost:

DM                   120,000

DL                      25,000

VMO            <u>      45,000  </u>

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Total cost:   190,000

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3 years ago
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