Answer:
If such a headline was published, the demand for chicken and its byproducts would plummet. The demand curve would shift to the left, meaning that the quantity demanded would decrease at all price levels.
The quality of the chicken and its byproducts has changed here, since they would turn into potentially unhealthy food.
The determinant of the demand for chicken products that is altered by this article is consumer preferences. The health of consumes is at risk, which would alter their preferences due to fear of getting sick.
In order for a firm to earn economic profits, price must exceed average total cost.
This is A. true.
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Answer:
365.15 units
Explanation:
The computation of the economic order quantity is shown below:
![= \sqrt{\frac{2\times \text{Annual demand}\times \text{Ordering cost}}{\text{Carrying cost}}}](https://tex.z-dn.net/?f=%3D%20%5Csqrt%7B%5Cfrac%7B2%5Ctimes%20%5Ctext%7BAnnual%20demand%7D%5Ctimes%20%5Ctext%7BOrdering%20cost%7D%7D%7B%5Ctext%7BCarrying%20cost%7D%7D%7D)
where,
Annual demand is
= 30 units × 300 days
= 90,000 units
ordering cost is $50
Carrying cost is
= $45 × 15%
= $6.75
Now placing these values to the above formula
So, the economic order quantity is
![= \sqrt{\frac{2\times \text{90,000}\times \text{\$50}}{\text{\$6.75}}}](https://tex.z-dn.net/?f=%3D%20%5Csqrt%7B%5Cfrac%7B2%5Ctimes%20%5Ctext%7B90%2C000%7D%5Ctimes%20%5Ctext%7B%5C%2450%7D%7D%7B%5Ctext%7B%5C%246.75%7D%7D%7D)
= 365.15 units
We simply applied the above formula so that the EOQ could come
Answer:
The effect of this transaction is a gain of $2,500 on disposal.
Explanation:
Cost of motor = $15000
Accumulated depreciation = $12000
Net book or carrying value = 15000 - 12000
= $3,000
Income from disposal = $5,500
Gain/(loss) on disposal = $5,500 - $3,000
= $2,500
The effect of this transaction is a gain of $2,500 on disposal.