All categories

3 years ago

The price of apples falls. what happens in the market for apple pies?

1 answer:

7 0

It depends.
If it is a natural supply demand situation, then the makers of apple pies should lower their prices.

Or

They should make fewer pies because all the apple pie makers are going to choose making apple pies because of reduced costs.

In the market place, you can strive to make a profit, but you should never be greedy.

You might be interested in

If the marginal product of capital net depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the

Sphinxa [80]

Question:

If the marginal product of capital net depreciation equals 8 percent, the rate of growth of population equals 2 percent, and the rate of labor-augmenting technical progress equals 2 percent, to reach the Golden Rule level of the capital stock, the ____ rate in this economy must be _____.

A) saving; increased

B) population growth; decreased

C) depreciation; decreased

D) total output growth; decreased

Answer

The correct answer is A) Saving rate of the economy must be increased in order for the economy to reach the Golden Rule Level of the Capital Stock.

Explanation

Golden Rule Level of the Capital Stock is the level at which

MPK = δ,

Where MPK is Marginal Product; and δ the depreciation rate;

so that the marginal product of capital equals the depreciation rate.

In the Solow growth model, a high saving rate results in a large steady-state capital stock and a high level of steady-state output. A low saving rate results to a small steady state capital stock and a low level of steady-state output. Higher saving leads to faster economic growth only in the short run. An increase in the saving rate raises growth until the economy reaches the new steady state. That is, if the economy retains a high saving rate, it will also maintain a large capital stock and a high level of output, but it will not maintain a high rate of growth forever .

5 0

3 years ago

Carla Vista Company purchased equipment that cost $3980000 on January 1, 2020. The entire cost was recorded as an expense. The e

ICE Princess25 [194]

Answer:

$1,800,402

Explanation:

Cost = $3,980,000

Lifespan = 9 yrs

Residual Value = $122,000

Depreciation per year = (Cost - Residual Value)/life

Depreciation per year = (3,980,000 - 122,000)/9

Depreciation per year = 3,858,000 / 9

Depreciation per year = $428,667

So, Tax saved = 40% of $428,667 = $171,467

Depreciation per year not considered = 3 yrs * $428,667 = (+)$1,286,001

Tax saved due to Depreciation = 3 yrs * $171,467 = (+)$514,401

So, retained earnings was understated by $1,286,001 + $514,401 = $1,800,402

3 0

3 years ago

Ashley is taking an essay test in science. Her teacher tells the class what the essay question is so they can create notes befor

Liono4ka [1.6K]

I believe she should get notes from her friend if she does her and her friend can study together. That is proven in a study that if you tutor/teach or study with a person, family member or friend it improves your memory and helps you remember the things you study as well.

6 0

3 years ago

Identify Primary stakeholders, secondary stakeholders, two courses of action and consequences per each case.PROBLEM #141. Your b

sladkih [1.3K]

Answer:

The Boss

Explanation:

Stakeholders are any group of people either internal or external that have interest in a business or activities.

Looking at the various levels of stakeholders that can be involved in a business , it becomes necessary that the degree of loyalty towards all can not be the same.

The boss in the scenario being the employer primarily deserves the loyalty before anybody else as this would have been promised in the oath of allegiance signed in the course of taking the employment.

8 0

4 years ago

The text states that strategic decisions are: A. Rare B. Consequential C. Directive.

gtnhenbr [62]

Answer:

C i think i dont really know tbh

8 0

3 years ago