<span>When asked which of two countries has a larger population, participants are likely to judge the country that is more familiar to them as being more populous, thus this best explains that this finding is the availability of the heuristic.</span>
Answer:
1.a. AD curve should cross LRAS ar 70c per pound at a specific quantity. LRAS is vertical and AD is downward sloping. If you include SRAS, it slopes upwards and crosses where the 2 lines cross. If you include LRAD, it will be horizontal and cross where the lines cross
2. a. when the hormone shot is induced, SRAS becomes more elastic i.e. it pivots to the right. As cost to feed become cheaper, more can be supplier at any given price level. However, as the quantity is not a fixed boost, the increase is a proportional 27%
b. LRAS is still vertical, however, it shifts to the right, where the new SRAS meets the AD curve. The effect is long term so there will be permanent change to the equilibrium of the quantitiy supplied as well as the price.
LRAD will also lower due to the change.
SRAD stays where it is
Answer:
Significant noncash financing and investing activities.
Explanation:
The prices of both peanut butter and almond butter are rising because of the demand and supply forces.
<h3>What is Demand and supply?</h3>
Demand and supply forces are the deriving forces of the market which influence the prices of the commodities. Demand refers to the willingness and ability to purchase the commodity.
Supply refers to the availability of the product and services in the market that to as per the requirement in the market. Thus both the terms are interrelated and interconnected to each other.
As per the above situation, the rise in the demand of the peanut butter is due the loss of the crop due to fungus with created shortage in the supply of the peanut in the market.
Thus people shifted to its substitute almond butter which rises the demand of the almond butter as well.
Therefore it increased the prices of the both the kinds of the butter available in the market.
Learn more about Demand and supply here:
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Answer: $42,000
Explanation:
The Net investment required is the total amount that a company needs to initiate a project or acquire an asset.
Net investment at time 0 = Cost of machine + increase in net operating capital
= 40,000 + 2,000
= $42,000
