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Scorpion4ik [409]
3 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]3 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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Summary financial information for Paragon Company is as follows. Dec. 31, 2014 Dec. 31, 2013 Current assets $ 203,600 $ 254,000
beks73 [17]

Answer:

Current assets:

Amount = 2014 value - 2013 value

             = $203,600 - $254,000

             = -($50,400) (Negative)

percentage changes = \frac{Amount}{2013\ value}\times100

                                    = \frac{50,400}{254,000}\times100

                                    = (19.84)%

Plant assets:

Amount = 2014 value - 2013 value

             = $1,397,000 - $831,700

             = $565,300

percentage changes = \frac{Amount}{2013\ value}\times100

                                    = \frac{565,300}{831,700}\times100

                                    = 67.96%

Total assets:

Amount = 2014 value - 2013 value

             = $1,600,600 - $1,085,700

             = $514,900

percentage changes = \frac{Amount}{2013\ value}\times100

                                    = \frac{514,900}{1,085,700}\times100

                                    = 47.42%

6 0
2 years ago
In late April, the Acme Construction Co. submitted a $1,200,000 progress billing on a construction contract.On May 2, the bill w
patriot [66]

Construction expenditures should be debited when <u>D. The bill is approved for payment.</u>

<u>Explanation:</u>

In the above scenario, Acme Construction Co. submitted bill amount of $1,200,000 on a construction contract. The payment of the bill was approved on May 2. According to the contract, 10% was subject to retention.

This construction expenditure is debited when the bill is approved for payment. Contract includes all the details regarding payment and terms and conditions between the companies or parties.

Once the bill submitted by company is approved, then the retention amount will be automatically debited.

8 0
3 years ago
Match each type of employment with its definition (2 points)
Rainbow [258]

Each type of employment has been matched with its definition thus:

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  • Cyclical unemployment: Unemployment resulting from mismatches between  employer needs and employee skills.
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There are different causes of employment. Frictional unemployment is the timeframe between the period an individual lost his job and seeks another.

Structural unemployment is a result of inconsistencies in the labor market.

Cyclical unemployment occurs when the demand from the employee is not met with the skills of the employer.

Learn more about unemployment here:

brainly.com/question/305041

4 0
2 years ago
I WOULD LOOOOVE IF SOMEONE COULD ANSWER THIS RIGHT AS SOON AS THEY CAN !!!!!!The taxpayer identification number for partnerships
xz_007 [3.2K]

Answer:

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Explanation:

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5 0
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Cloud [144]

Answer

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California Professional code of conduct for insurance agent does not permit unethical placement, as the regulator view such as fraudulent practices.

7 0
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