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Agata [3.3K]
3 years ago
12

Indicate how an increase in tastes for apples will affect the equilibrium price and the equilibrium quantity in the market for a

pplesa. increase; increaseb. increase; decreasec. decrease; decreased. decrease; increase
Business
1 answer:
Rudiy273 years ago
6 0

Answer: Option (a) is correct.

Explanation:

Tastes and preferences are the determinants of demand. Any change in the tastes and preferences will lead to shift the demand curve of a market. Therefore, an increase in the tastes for apples means that demand is favorable for the apple market, as a result demand curve shifts rightwards.

Hence, both equilibrium price and equilibrium quantity in the market for apples increases.

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James wants to take out a loan. He can afford to make monthly payments of 200 dollars and wants to pay the loan off after exactl
MA_775_DIABLO [31]

A  = $250000 * (1 + 0.06/12)^(12 * 1/6)  

≈ $252506.25

4 0
4 years ago
a call option on Jupiter Motors stock with an exercise price of $75 and one-year expiration is selling at $4. A put option on Ju
bogdanovich [222]

Answer:

$75.01

Explanation:

Given:

  • Call price (C): $4
  • Put price (P): $2.5
  • risk-free rate (r): 2% = 0.02
  • Time: 1 year
  • Exercise price (K): $75

Let Share price: S_{0}

As per put-call party, we have the following equation:

  • C + Ke^{-rt} = P+S_{0}

<=> S_{0}  = C + Ke^{-rt} - P

<=> S_{0}  = 4 +  75*e^{-0.02*1} - 2.5

<=> S_{0}  = 1.5 + 73.51 = $75.01

So the the stock price is $75.01

6 0
4 years ago
Fighting Irish Incorporated pays its employees $3,640 every two weeks ($260/day). The current two-week pay period ends on Decemb
krok68 [10]

Answer:

1. Salaries expense A/c $780

               To Salaries payable A/c $780

(Being adjusting salary is recorded)

2. Salaries expense A/c Dr $2,860   ($260 × 11 days)

Salary payable A/c Dr $780

    To Cash A/c $3,640

(Being the payment is recorded)

3. $780

Explanation:

1. The adjusting entry is presented below:

Salaries expense A/c $780

               To Salaries payable A/c $780

(Being adjusting salary is recorded)

The salaries expense is calculated below:

= Salary per day × number of days

= $260 × 3 days

= $780

The number of days is calculated from Dec 28 to Dec 31

2. The entry would be

Salaries expense A/c Dr $2,860   ($260 × 11 days)

Salary payable A/c Dr $780

    To Cash A/c $3,640

(Being the payment is recorded)

3. The year-end adjusting balance would be

= Salaries Payable before adjustment + adjustment balance

= $0 + $780

= $780

6 0
4 years ago
"What if calories cost money? That is, what if one
Oliga [24]

Answer:

I actually do think that people will stop buying this type of food from time to time because if it has calories added into it then it will make the price of the food go up and I don’t think that people would like that.For example, most people that are trying to keep their diet equal aren't going to buy this for two reasons.The first reason is because they don’t want to gain more calories and the second reason is because they don’t want to pay extra for calories.And to answer the question about the big mac, the price of it is just $13.20 and it just depends on how many calories are in there to add more to the price of the food. That's my answer to this question.

Explanation:

6 0
3 years ago
Bill consumes two goods: iced tea and spaghetti. The price of iced tea is $2 per bottle, and the price of spaghetti is $8 per se
True [87]

Answer;

No of spaghetti he purchase y=100

Explanation:

Given,

Price of iced tea is=\$ 2 per bottle

Price of spaghetti is =\$ 8 per serving

Let no iced tea is =x

Let no of spaghetti ==y

x+y=200  

multiply by 2

2x+2y=400               (i)

2x+8y=1000              (ii)

    (ii)-(i)  

2x+8y-2x-2y=1000-400

6y=600

y=100

x+y=200

x=200-100

x=100

No of spaghetti is 100

No of iced tea is 100

           

3 0
3 years ago
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