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2 years ago

If the midwest experiences a severe drought that damages the corn crops, we should expect the:_________.

Business

1 answer:

kozerog [31]2 years ago

4 0

Answer:

B) The Supply of corn will decrease and the price of corn will rise.

Explanation:

Option B is correct because the drought has damaged the corn crops. Therefore, this will affect the supply of corn in the market. Moreover, the damage of corn crops will shift the supply curve leftwards and this shift in the supply curve will push the prices upwards. Thus, the damage of corn crops will increase the prices due to a decrease in its supply.

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Tri Fecta, a partnership, had revenues of $364,000 in its first year of operations. The partnership has not collected on $46,700

Nimfa-mama [501]

Answer:

Explanation:

3 0

2 years ago

When a company pays its bill from a plumber for previous services on account:(A) Its debt to equity ratio always decreases. Corr

Daniel [21]

The correct answer is B

8 0

3 years ago

At a price of $8.5 per ticket, a musical theater group can fill every seat in their 1800 seat performance hall. For every additi

sasho [114]

Answer:

The ticket price that maximizes revenue is $18.10

Explanation:

Hi, first we need to construct the revenue equation in terms of the additional dollar charge (that would be X). That is:

$Revenue=Price*Quantity$

$Revenue=(8.5-X)(1,800-65X)$

So we expand it:

$Revenue=15,300-552.5X+1,800X-65X^{2}$

$Revenue=-65X^{2} +1247.5X+15,300$

This is a parabola, and we need to find its vertex, which in our case that would be the maximum additional dollar charge in order to obtain the highest revenue possible, to find the vertex, we need to consider that:

$Y(X)=AX^{2}+ BX+C$

And to find the X-coordenate we have to use the following equation.

$Vertex(X)=\frac{-B}{2A}$

In our case, A= -65; B= 1,247.5, so, all should look like this:

$Vertex (X)=\frac{-(1247.50}{2(-65)} =9.6$

That means, we need to make 9.6 increments of $1 in order to obtain the max revenue possible, therefore, the price would be

Price = $8.50 + $1(9.6)= $8.50 + $9.6 =$18.10

Best of luck.

7 0

3 years ago

To allocate scarce goods and resources, a market economy uses . This means that individuals will get the goods and services if t

4vir4ik [10]

Answer:To allocate scarce goods and resources, a market economy uses non-price rationing preferential treatment price rationing . this means that individuals will get the goods and services if they have the ability to pay meet the government's requirements stand in line at the store.

Explanation: hope this helps u! (:

4 0

2 years ago

Please help

Andrew [12]

Answer: It’s research the issues

Explanation:

The other answer is wrong

3 0

2 years ago