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umka2103 [35]
4 years ago
10

Scientific evidence suggests that consumption of foods rich in fiber lowers cholesterol. As a result, the demand for bran increa

ses at every price by 5,000 bushels and the supply curve for bran is perfectly price elastic. The quantity of bran consumed will:
Business
1 answer:
Oxana [17]4 years ago
5 0

The quantity of bran consumed will rise by exactly 5,000 bushels .

<u>Explanation: </u>

A small cost increase in ideally Elastic demand leads to a reduction in demand to zero, while a small price decline allows demand to grow to infinity. The demand is in this case completely elastic.

Elastic demand is the same when the energy storage is higher and the price increases proportionately less. Inelastic production is the other where demand changes are comparatively less and the price changes are more pronounced.

The sum of demand elasticity helps define a request curve's shape and pitch. The slope of the demand curve may, therefore, evaluate the elasticity of demand.

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When a competitive market is in​ equilibrium, what is the economically efficient level of​ output? A. any output level where mar
Anestetic [448]

Answer:

The correct answer is C. the output level where marginal cost is equal to marginal benefit .

Explanation:

Competitive equilibrium Traditional concept of economic equilibrium used for the analysis of  goods markets with flexible prices and many agents, which usually serve as a benchmark for efficiency in economic analysis. Crucially, it depends on the assumption of a context in which each agent makes decisions about such a small amount compared to the total amount traded in the market that their individual transactions have no influence on prices.

It consists of a price system and an allocation of the production and consumption of the economy among the various agents, such that, given the prices, each agent maximizing its objective function (benefits, preferences) subject to restrictions (technological, of resources) plans to trade its share in the proposed allocation, at prices that make all exchanges compatible with each other by balancing the markets, that is, matching the aggregate supply with the demand  aggregate of each of the goods and services traded.

6 0
4 years ago
The grocery industry has an annual inventory turnover of about 13 times. Organic​ Grocers, Inc., had a cost of goods sold last y
s344n2d4d5 [400]

Answer:

What was Organic​ Grocers' inventory​ turnover

ORGANIC  

11,58  INVENTORY TURNOVER

Explanation:

The Organic company compared with the industry works with more inventory than the market, which means that the company is less efficient than the Grocery Industry in Inventory management .

ORGANIC  

11,58         INVENTORY TURNOVER

11.680,000  Cost Of Goods

1.008,880  Average Inventory

32            DAYS IN INVENTORY

To calculate the Inventory Turnover ratio it's necessary to calculate the average inventory of the year ($1,008,880) , take the Total Cost of Goods ($11,680,000) and divide it by the Average Inventory, the result it's the Inventory Turnover of the company, in this case 11,58

To find the days in inventory we have to divide 365 (days of the year) by the Inventory Turnover, 11,58 the result is 32 days.

To have a similar Inventory Turnover as the industry the company needs to low the average inventory to $898,524.

ORGANIC  

13,00       INVENTORY TURNOVER

11.680,000  Cost Of Goods

898,524  Average Inventory

28           DAYS IN INVENTORY

8 0
3 years ago
Which of the following is the last step in creating a budget?
Rufina [12.5K]

Set savings and debt payoff goals


6 0
3 years ago
Read 2 more answers
An amendment to the texas constitution requires a balanced budget. This means that _____.
marissa [1.9K]

Any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

<h3>What does Texas Constitution require a balanced budget?</h3>
  • Texas always keeps its budget balanced because the State Constitution demands it. The Texas state and local sales taxes exceed 10% of the individual transaction price. The primary operating fund for Texas is the General Revenue Dedicated Fund.
  • A constitutional amendment known as the "balanced budget amendment" would restrict government spending to the amount of revenue it receives. Spending would need to be under control by the federal government.

An amendment to the texas constitution requires a balanced budget. This means that any increase in government spending must be offset by an increase in revenue and/or cuts in spending elsewhere in the budget.

According to a balanced budget, a government should not spend more than its income. Thus projected incomes and expenditures should be equal.

To learn more about balanced constitutional budget amendment, refer to:

brainly.com/question/8873582

#SPJ9

4 0
2 years ago
How does unemployment impact a society
Tju [1.3M]

People living in a society judge a person very quickly If the person is unemployment society starts to judge and they start to dominate who is unemployment

To decrease unemployment we need to respect each work but the people living in a society starts to judge people and that's the great weakness of the people so if Unemployment is decreased in the country, than there would be positive impact

i hope i have give my answer according to my thoughts

4 0
3 years ago
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