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alexgriva [62]
3 years ago
6

Ceteris paribus, if the corn crop is 15 percent larger this year than it was last year, farmers will have to ________ the price

of corn by ________ to sell the new crop.
Business
1 answer:
Yuki888 [10]3 years ago
7 0

Answer:

Reduce and  more than 15 percent

Explanation:

As Inelastic Demand state that the percentage change in quantity demanded is less than the percentage change in price. Therefore, if the crop is 15 percent higher, farmers will have to reduce the cost of corn by 15 percent to sell the new crop. We know that supply and price share an inverse relationship to reduce sales as supply increases and new crops grow.

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An investment will pay you $95,000 in 10 years. If the appropriate discount rate is 9 percent compounded daily, what is the pres
olga2289 [7]

The present value of the investment future value is $38,628.40

What is present value?

Present value is the today's worth of a future amount when discounted or expressed in today's dollar equivalence.

The present value of a single future cash flow can be determined using the present value formula below:

PV=FV/(1+r/365)^(N*365)

PV=present value=unknown

FV=future value=$95,000

r=discount rate=9%

N=number of years before the future amount is received=10

365 is an indication of number of years in a year since discounted is compounded daily.

PV=$95,000/(1+9%/365)^(10*365)

PV=$38,628.40

The present value can be further understood using the link below:

brainly.com/question/18490474

#SPJ1

5 0
2 years ago
This is due at 12. please help me
Over [174]
1. 110
2. 75
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5 0
2 years ago
For the scenario below, determine the legality of the company's actions.
IgorLugansk [536]

Answer:

Option C because it is impossible to determine the legality based on the facts given.

Explanation:

5 0
3 years ago
Just-in-time inventory (JIT) systems: a. are used only by manufacturing firms. b. provide a buffer stock of inventory for a comp
Annette [7]

Answer:

The correct answer is d. are used to reduce inventory holding costs.

Explanation:

The Just-in-time inventory (JIT) system is a stock management system where stock is received when needed for production (stock received just in time for production). This inventory strategy increases efficiency and decreases waste by receiving goods only as they need them for the production process, which reduces inventory costs. However its effectiveness lies in accurate demand forecast.

8 0
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In Fiedler's contingency theory, the term ____ refers to the degree to which leaders are able to hire, fire, reward, and punish
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The answer is d. position power
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