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iragen [17]
3 years ago
8

Interpret the following statement: "An increase in the price of wheat will encourage farmers to

Business
1 answer:
Maksim231197 [3]3 years ago
6 0

Answer:

A. The statement is correct.

Explanation:

According to the law of supply, there is a positive or direct relationship between the price of wheat and the quantity of wheat supplied i.e if the price of wheat is increases then the quantity of wheat supplies is also increases and if the price of wheat decreases then the quantity of wheat supplies is also decreases that represents the direct relationship between the price and the quantity supplied

Hence, the first option is correct

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Which kind of budget would cause the largest increase in a country's national
Zepler [3.9K]

Answer: One that decreases taxes and increases spending

Explanation: got it wrong

6 0
2 years ago
Suppose that in the market for loanable funds, the governement is currently running a deficit, and net exports are negative. The
balu736 [363]

Answer:  4. Demand will shift inwards, lower rates and decreasing lending.

Explanation:

People demand loanable funds for spending on consumption and investment. If there is a recession, people will buy less goods and companies will invest less as well.

This will reduce the demand that people and companies have for loanable funds. The demand will therefore shift inwards to the left and lead to lower rates and decreased lending.

5 0
3 years ago
Lucas Diving Supplies Company, in its first year of business, had labor costs of $66,000, overhead costs of $98,000, materials p
bazaltina [42]

Answer:

the cost of goods manufactured is $183,000

Explanation:

The computation of the cost of goods manufactured is shown below:

Cost of goods manufactured = Labor cost + direct material purchased + overhead cost - ending balance of material - ending balance of work in process

= $66,000 + $22,000 + $98,000 - $1,000 - $2,000

= $183,000

Hence, the cost of goods manufactured is $183,000

6 0
2 years ago
Hydro Systems has 15-year bonds outstanding with a coupon rate of 6 percent. Interest is paid annually. The face amount of each
Leya [2.2K]

Answer:

A) 5.22 percent

Explanation:

The Pretax cost of debt is the Yield to maturity (YTM) of bond.

Using a financial calculator , you can solve for the YTM with the following inputs;

Face value ; FV = 1000

Maturity of bond; N = 15

Annual coupon payment; PMT = coupon rate * Face value =  6%*1000 = 60

Current price; PV = $1,080

then compute annual interest rate; CPT I/Y = 5.22%

7 0
3 years ago
Each week you drive 150 miles your car gets 25 miles to the gallon and gas prices are three dollars per gallon how much money wi
Flura [38]
Total cost = $3 / gallon (150 miles / (25 miles/gallon)) =<span> $18</span>
6 0
3 years ago
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