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Scorpion4ik [409]
4 years ago
14

Corn chips and potato chips are substitutes. Good weather that sharply increases the corn harvest would a. increase consumer sur

plus in the market for corn chips and decrease producer surplus in the market for potato chips. b. decrease consumer surplus in the market for corn chips and decrease producer surplus in the market for potato chips. c. decrease consumer surplus in the market for corn chips and increase producer surplus in the market for potato chips. d. increase consumer surplus in the market for corn chips and increase producer surplus in the market for potato chips.
Business
1 answer:
yaroslaw [1]4 years ago
6 0

Answer: Option(a) is correct.

Explanation:

Corn chips and potato chips, both are substitute goods and thus, affect each others demand by a small changes in various factors.

In this question, a good weather increases the harvesting of corn which increases the supply of corn chips.

This shifts the supply curve rightwards as a result price falls and quantity increases. Hence, this lower price, increases the consumer surplus in the market of corn chips.

This change in the supply of corn chips will affect the demand for potato chips in the potato chips market. So, the demand curve for potato chips shifts leftwards. This shift in the demand curve, reduces the price level and quantity level. Hence, this lowers the producer surplus in the market for potato chips.

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If you are projecting your future financially, what are your
Nikolay [14]

Answer:

Forecasting

Explanation:

Because a weather forecast looks ahead for weather. You are forecasting your financial future

7 0
3 years ago
On June 5, 2019, Mabel Company purchased an oil well for $850,000. The well contains an estimated $85,000 barrels of oil, with a
maria [59]

Answer:

amount of Depletion = $255,000

so correct option is D) $255,000

Explanation:

given data

purchased oil well = $850,000

barrels of oil = $85,000

barrels of oil were removed = $25,500

to find out

amount of Depletion

solution

we apply here formula for amount of Depletion that is

amount of Depletion = purchased oil well × \frac{oil removed}{barrels of oil}       ............................1

put here value we get

amount of Depletion = $850,000 × \frac{25,500 }{85000l}    

amount of Depletion = $255,000

so correct option is D) $255,000

6 0
3 years ago
2. Someone looking to buy a franchise needs to consider the brand's failure rate. For
sdas [7]

Answer:

One possible explanation is that the Blimpie franchisor is working properly since the franchisees are not receiving proper training and support in order to operate the franchise.

Another reason is that the Blimpie franchise model is simply not efficient (i.e. bad) and it is really hard to operate properly.

On the side of the franchisees, they might not have sufficient working capital since they budgeted higher revenues or lower costs. The franchisor shares the blame for this situation, since before establishing the franchise, the franchisor should request that the franchisee has enough enough working capital to operate the business properly.  

6 0
4 years ago
Farmer's Fine Furnishings manufactures upscale custom furniture. Farmer's currently uses a plantwide overhead rate based on dire
alexdok [17]

Answer:

See below

Explanation:

1. Plant wide overhead rate

= Total manufacturing overhead / Estimated cost allocation base

= $1,100,000/27,500

= $40

2. Compute department overhead rates

= Total department overhead / Estimated cost allocation base

Machining department

= $740,000/14,800

= $50 per MH

Fishing department

= $360,000/18,000

= $20 per DL

3 0
3 years ago
Williamsburg Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6 million. How much m
Digiron [165]

Answer:

Annual deposit= $188,842.66

Explanation:

Giving the following information:

Williamsburg Nursing Home is investing in a restricted fund for a new assisted-living home that will cost $6 million.

n= 15 years

i= 10%

We need to use the following formula:

FV= {A*[(1+i)^n-1]}/i

A= annual deposit

Isolating A:

A= (FV*i)/{[(1+i)^n]-1}

A= (6,000,000*0.10)/[(1.10^15)-1]

A= $188,842.66

3 0
3 years ago
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