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Harrizon [31]
3 years ago
8

There are two techniques of egg production: free range (where hens roam around the farm) or factory (where hens are fed and wate

red in wire cages). The free range technique has a much more elastic supply curve than the factory technique. When the demand for eggs falls:________.
a. egg production falls by a smaller percentage in the factory technique than in the free range technique.

b. egg production falls by a larger percentage in the factory technique than in the free range technique.

c. the production using both techniques falls by the same percentage.

d. the factory egg producers supply curve shifts inward.

e. the free range egg producers supply curve shifts inward.
Business
1 answer:
ololo11 [35]3 years ago
8 0

Answer:

a. egg production falls by a smaller percentage in the factory technique than in the free range technique.

Explanation:

Elasticity of supply is defined as the degree of responsiveness of supply to changes in price. Highly elastic supply responds more to change in price than low elastic supply.

In the given scenario where eggs are produced using factory and free range techniques, as demand falls price consumers are willing to pay also falls.

Since factory technique has a lower elasticity of supply, the fall in supply as a result of fall in price will be small.

However the fall in supply of free range will be higher because of its higher elasticity

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The following income statement was produced when volume of sales was at 400 units. Sales Revenue $ 1,600 Variable Cost 700 Contr
lilavasa [31]

Answer:

If volume reaches 500 units, net income will be: $715

Explanation:

When  volume of sales was at 400 units:

Selling price per unit = Sales Revenue/400 = $1,600/400 = $4

Variable Cost per unit = Variable Cost/400 = $700/400 = $1.75

If volume reaches 500 units:

Total Sales Revenue = $4 x 500 = $2,000

Variable Cost = $1.75 x 500 = $875

Fixed Cost will not change = $410

Net income = Total Sales Revenue - Variable Cost - Fixed Cost = $2,000 - $875 - $410 = $715

7 0
3 years ago
Contrary to recommendations by consumer credit counselors, most consumers don’t keep written track of their purchases, relying i
Viktor [21]

Answer:

mental budgeting

Explanation:

This is an example of mental budgeting because mental budget reduce the resistance that consumers feel when buying more than one item.

If you have a wide range of products, especially the spectrum of "serious", from need to fun then you can promote purchases in the mix  categories.

so answer is mental budgeting

5 0
3 years ago
Where is focus located in concave mirror?
gogolik [260]

Answer:

you are correct for this answer

4 0
1 year ago
Pam runs a hot dog cart at the sports stadium. Will has no​ skills, no job​ experience, and no alternative employment. Entrepren
DochEvi [55]

Answer:

rate of return of fund = 3.66%

Explanation:

start = 327/23 = 14.22

end = 349/29 = 12.04

distributions = 1.5 + 1.2 = 2.7

rate of return of fund = 12.04-14.22 +2.7 / 14.22

= 3.66%

4 0
2 years ago
Select the things are considered psychological influences on the purchase decision process?
alukav5142 [94]

The things are considered psychological influences on the purchase decision process:

  • learning
  • value
  • beliefs
  • attitudes

<h3>What is referred to as the purchase decision?</h3>

This is the term that is used to refer to all of the ways that the person that would have to use a product would end up getting the product that they want to fulfill a particular need. It is what can be used to describe the drivers of their purchases.

In the stage of making a purchase decision. the person that is the consumer would have formed the intention that they want to buy a particular brand of product. This is the fourth stage that is is the consumer decision process.

Hence we can say that the things are considered psychological influences on the purchase decision process:

  • learning
  • value
  • beliefs
  • attitudes

Read more on purchase decision here: brainly.com/question/7029808

#SPJ1

8 0
9 months ago
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