1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
rjkz [21]
3 years ago
9

Distributors of cigarettes earn some monopoly profits in their local markets but see them slowly erode as substitutes enter the

market. Suppose Nebraska has scheduled a vote on the legalization of marijuana. Additionally, suppose that marijuana and cigarettes are substitutes and that the legalization of marijuana would lead to a decrease in the price of marijuana.
Given the relationship between marijuana and cigarettes, the legalization of marijuana would lead to_______in demand for cigarettes. Thus, distributors of cigarettes would likely____the legalization of marijuana.
Business
1 answer:
kenny6666 [7]3 years ago
8 0

Answer:

The question is incomplete, the options are missing. The options are the following:

For the first gap: increase/decrease.

For the second gap: support/oppose.

And the correct answers are: Decrease/oppose.

Explanation:

To begin with, in the microeconomics theory when it comes to concept of substitutes it refers to the relationship that exists between two goods that are similar in characteristics and therefore that they are probably to substitue one for the other in the market in the case when one's price is higher that the other. That is why that in this case presented, the legalization of the marijuana would obviously lead to a decrease in the demand of the cigarattes due to the fact that now the consumers will start to consume more of the other, letting the cigarette fall. And therefore that the distributors of cigarattes would likely be oppose to the legalization because it will affect their business.

You might be interested in
LA Diversified Inc. recently paid its annual dividend of $3. Dividends have consistently grown at a rate of 3.8%. The stock has
RSB [31]

Answer:

$51.22

Explanation:

For computing the intrinsic value, first we have to determine the current year dividend and expected rate of return which is shown below:

The computation of the next year dividend is shown below:

= $3 + $3 × 3.8%

= $3 + 0.114

= $3.114

And, the expected rate of return would be

= Risk-free rate of return + Beta × (Market rate of return - Risk-free rate of return)

= 2.4% + 0.88 × (10.9% - 2.4%)

= 2.4% + 0.88 × 8.5%

= 2.4% + 7.48%

= 9.88%

Now the intrinsic value would be

= Next year dividend ÷ (Required rate of return - growth rate)

= $3.114 ÷ (9.88% - 3.8%)

= $3.114 ÷ 6.08%

= $51.22

3 0
3 years ago
A customer at Jaquine, a French restaurant, complains to Brent, the owner, about a specialty dessert being unacceptable. Brent i
Alex Ar [27]

Answer:

B. a task analysis

Explanation:

A task analysis is a detailed analysis to define a set of steps that needed to be taken in order to reach a certain goal. In business , task analysis is conducted by observing the actions of the employees and form a measurement to ensure that the employees is making a desired improvement.

In the example above, Brent's goal is to ensure that Mason will never repeat his mistake in using bad ingredients ever again.

After he defined the goal, he analyze the situation and create a steps that needed to be taken to achieve the goal. That 'step' is putting Mason in an additional training

3 0
3 years ago
an efficiency wage is a: system of tying wage rates to overall factory efficiency rather than personal productivity. higher wage
krok68 [10]

An efficiency wage is a higher wage paid to reward workers who show greater productivity. Option D is correct.

<h3>What is the Efficiency wage?</h3>

Wages provided to employees over the minimum wage in order to retain a trained and efficient staff are referred to as efficiency wages. Adam Smith defined a type of pay disparity in the 18th century, in which workers in some businesses are paid more than others based on the level of trustworthiness necessary.

Employers establish efficiency salaries above the equilibrium wage rate as an incentive for better employee performance. An efficiency wage is a higher wage provided to employees who are more productive.

Therefore, option D is correct.

Learn more about the efficiency wage, refer to:

brainly.com/question/27960552

#SPJ1

8 0
1 year ago
Ayala Inc. has conducted the following analysis related to its product lines, using a traditional costing system (volume-based)
GalinKa [24]

Answer:

1) Part 1. Operating Income = Revenue - Operating cost

=201,000 - 56,000

=$145,000

Part 2.  Operating Income = Revenue - Operating cost

= 159,000 - 55,000

= $104,000

Part 3. Operating Income = Revenue - Operating cost

= 89,000 - 15,000

=$74,000

2. Part 1. Operating Income = Revenue - Operating cost

=201,000 - 45,600

=$155,400

Part 2. Operating Income = Revenue - Operating cost

=159,000 - 25,000

=$134,000

Part 3. Operating Income = Revenue - Operating cost

=89,000 - 55,400

=$33,600

7 0
3 years ago
Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor
Damm [24]

Answer:

Labor productivity in units per labor hour for Deluxe car = 0.19 per hour

Labor productivity in units per labor hour for Limited car = 0.24 per hour

Labor productivity in dollar of output per dollar of labor expense for Deluxe car = $98.75

Labor productivity in dollar of output per dollar of labor expense for Limited car = $128.69

Explanation:

Note: This question is not complete and its data are merged together. The complete question with the sorted data is therefore provided before answering the question as follows:

Two types of cars (Deluxe and Limited) were produced by a car manufacturer last year. Quantities sold, price per unit, and labor hours are given below.

                                QUANTITY                     $/UNIT

Deluxe car            3,655 units sold            $7,700/car

Limited car           5,850 units sold            $9,200/car

Labor, Deluxe        19,000 hours                 $15/hour

Labor, Limited       24,600 hours                 $17/hour

What is the labor productivity for each car? Provide two sets of figures: units per labor hour, and dollar of output per dollar of labor expense. (Round your answers to 2 decimal places.)

The explanation of the answers is now provided as follows:

For each type of car, the following formulae can be used:

Labor productivity in units per labor hour = Units sold / Labor hours ……. (1)

Labor productivity in dollar of output per dollar of labor expense = (Units sold * Price per car) / (Labor hours / Labor rate per hour) ……………. (2)

Using equation (1), we have:

Labor productivity in units per labor hour for Deluxe car = 3,655 / 19,000 = 0.19 per hour

Labor productivity in units per labor hour for Limited car = 5,850 / 24,600 = 0.24 per hour

Using equation (2), we have:

Labor productivity in dollar of output per dollar of labor expense for Deluxe car = (3,655 * $7,700) / (19,000 * $15) = $98.75

Labor productivity in dollar of output per dollar of labor expense for Limited car = (5,850 * $9,200) / (24,600 * $17) = $128.69

These can be translated into a table as follows:

                                     Labor Productivity  

                               Units/hour         Dollars

Deluxe Car              0.19/hour           $98.75

Limited Car             0.24/hour         $128.69

5 0
3 years ago
Other questions:
  • How should contact be established with a flight service station, and what service would be expected?
    10·1 answer
  • Describe how you would apply for a mortgage.
    14·1 answer
  • What are some risks of adding a new product?
    15·1 answer
  • Morin Company's bonds mature in 10 years, have a par value of $1,000, and make an annual coupon interest payment of $60. The mar
    10·1 answer
  • You have been called in as a consultant for the purpose of advising what sales volume quotas for Brand A mouth wash should be es
    7·1 answer
  • Which statement is FALSE concerning the skin's role in protection?Which statement is FALSE concerning the skin's role in protect
    13·1 answer
  • David works in a small manufacturing firm that makes customized office furniture. He feels it is important to work directly with
    11·1 answer
  • Jane and Bart organized food truck business- Just Best Food Inc (JBF Inc.). JBF Inc. decided to follow accrual method of account
    13·1 answer
  • Creating your own flyer assignment
    10·1 answer
  • Why does a high percentage of body fat increase the intoxication rate?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!