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harina [27]
3 years ago
13

Washington state had a bumper apple crop this year, significantly increasing the supply of apples in the U.S. Given this informa

tion, choose the statement that correctly describes the effect on the U.S. apple market.
Business
1 answer:
V125BC [204]3 years ago
4 0

Answer:

the quantity of apples demanded will increase as the price of apples falls

Explanation:

When a supply of a certain product is increased, there amount of that product in the seller's storage tend to become abundant.  To make the customers choose to buy the product from them instead of their competitors, most sellers will reduce the price of this product.

Since the price of the product falls, more customers will be able to afford the product with their current disposable income. This is the reason why the quantity of the demand will increase.

You might be interested in
Shanken Corp. issued a bond with a maturity of 30 years and a semiannual coupon rate of 6 percent 4 years ago. The bond currentl
OverLord2011 [107]

Answer:

The company’s total book value of debt is $95,000,000.

Explanation:

1st Issue of Bonds:  

Face Value = $45,000,000

Market Value = 95%*$45,000,000

                       = $42,750,000

Annual Coupon Rate = 6%

Semiannual Coupon Rate = 3%

Semiannual Coupon = 3%*$45,000,000

                                  = $1,350,000

Time to Maturity = 26 years

Semiannual Period to Maturity = 52

Let semiannual YTM be i%  

$42,750,000 = $1,350,000*PVIFA(i%, 52) + $45,000,000*PVIF(i%, 52)

Using financial calculator:

N = 52

PV = -42750000

PMT = 1350000

FV = 45000000

2nd Issue of Bonds:

Face Value = $50,000,000

Market Value = 54%*$50,000,000

                       = $27,000,000

Time to Maturity = 15 years

Semiannual Period to Maturity = 30

Let semiannual YTM be i%

$27,000,000 = $50,000,000*PVIF(i%, 30)

Using financial calculator:

N = 30

PV = -27000000

PMT = 0

FV = 50000000

Total Book Value of Debt = $45,000,000 + $50,000,000

                                           = $95,000,000

Therefore, The company’s total book value of debt is $95,000,000.

7 0
3 years ago
One effect of a minimum wage in the market for low-skilled labor is a a. surplus of low-skilled labor.
fgiga [73]

Answer:

a a. surplus of low-skilled labor.

Explanation:

Minimum wage is a form of price floor. A price floor is the minimum price that a good or service can be bought.

Price floors (minimum wage ) is usually set above equilibrium price. This increases the supply of labour but decreases the demand for Labour. As a result , there would be a surplus of low skilled labour.

I hope my answer helps you

6 0
3 years ago
Use the contribution margin ratio approach to compute the number of shows needed each year to earn a profit of $ 5 comma 687 com
leonid [27]

Answer:

Instructions are listed below

Explanation:

To calculate the number of shows to achieve a certain amount of profit you need to use the following formula:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= (fixed costs + profit)/contribution margin ratio

contribution margin ratio= (price - unitary variable costs)/price

For the number of shows, divide the Break-even point (dollars) by the selling price

4 0
3 years ago
If a firm's forecasted sales are $280,000 and its break-even sales are $198,800, the margin of safety (in dollars) is:
Vinvika [58]

280000 - 198800 = 81200
5 0
4 years ago
Many manufacturers have quality control programs that include inspection of incoming materials for defects. Suppose a computer m
zimovet [89]

Answer:

Explanation:

There are total 5 batches and two boards are selected from each batch for inspection.

Let the boards are numbered from 1 to 5.

If the selected boards are 1 and 2, then it is represented in pair as (1, 2).

If the selected boards are 1 and 3, then it is represented in pair as (1, 3).

Similarly, other pairs can be obtained.

a) Let X be the number of defective boards observed among the two inspected.

If the boards 1 and 2 are the only defective boards in a lot of five, then

(1,2),x=2; (1,3),x=1; (1,4),x=1; (1,5),x=1;

(2,3),x=1; (2,4),x=1; (2,5),x=1;

(3,4),x=0;\ (3,5),x=0;\ (4,5),x=0.(3,4),x=0; (3,5),x=0; (4,5),x=0.

P(X=0)=  3/10 =0.3

P(X=1)={6 \over 10}=0.6P(X=1)=  6/10 =0.6

P(X=2)={1 \over 10}=0.1P(X=2)=  1/10 =0.1

b)

x                  0               1                    2

p(x)            0.3           0.6                0.1

​

​μ  X  =0⋅0.3+1⋅0.6+2⋅0.1=0.8

σ  X ² =(0−0.8)²  ⋅0.3+(1−0.8)²  ⋅0.6+(2−0.8)² ⋅0.1=0.36

μₓ=0.8, σX  =0.6

 

​

5 0
3 years ago
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