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Anettt [7]
2 years ago
15

Assume a perfectly competitive industry making peanuts is in long-run equilibrium. The price per pound of peanuts is $2. Next, a

ssume that the demand for peanuts increases in the short run, and the price rises to $4 per pound. If this is a constant cost industry, what price per pound should we expect in the long-run
Business
1 answer:
rjkz [21]2 years ago
4 0

Answer:

The price of the item in long run equilibrium will be the same i.e $ 2 per unit

Explanation:

Given

The equilibrium price in the long run = $ 2 per unit

The price of the item in long run equilibrium will be the same i.e $ 2 per unit

The increase of price in short run will not have much impact on the Average variable cost and hence in long run the price will remain constant.

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According to the classical dichotomy, when the money supply doubles, which of the following also doubles?
masha68 [24]

Answer: Option (C) is correct.

Explanation:

Correct option: The price level and nominal wages.

According to the classical dichotomy, nominal variables moves proportionately with the quantity of money whereas real variables remains unchanged.

A classical model that is based on the flexibility of prices and wages, conclude that any changes in money supply only affects the nominal variables whereas real variables remains constant. This theory results in the independence of the real variables from any changes in the money supply and nominal variables.

7 0
3 years ago
Calculate the EOQ size for the following case. What is the EOQ size and the number of orders placed per year? For your answer, r
andrey2020 [161]

Answer:

EOQ = 359 units

Number of order placed =  7.2 times

Explanation:

<em>The Economic Order Quantity (EOG) is the order size that minimizes the balance of ordering cost and holding cost. At the EOQ, the carrying cost is equal to the ordering cost.</em>

<em>It is computed using he formulae below</em>

EOQ = √ (2× Co× D)/Ch

C0- 500, Ch- 20, D- 2,580

EOQ=  √ (2× 500× 2580)/20

        =359.16

EOQ = 359 units

Number of order place d per year = Annual demand / order size

Number of order placed = 2,580/ 359

                                        = 7.2 times

6 0
3 years ago
All of the following statements regarding retained earnings are true exceptA. retained earnings represents a claim on cash.B. a
-BARSIC- [3]

Answer:

A) retained earnings represents a claim on cash.

Explanation:

Retained earnings are the accumulated profits that a company keeps that are left after dividends are paid. Retained earnings are the equivalent of a savings account for an individual. Retained earnings are shown in the balance sheet as part of owners' equity.

For example, corporation A had a net profit of $10 million during last year, and it paid dividends for a total of $4 million, its retained earnings for last year are $6 million.

Companies use retained earnings as money available for financing new or existing projects.

8 0
3 years ago
Wendy was in Walmart and noticed a display with baking items collected together and a little pad with recipes to tear off. She l
mote1985 [20]

Answer:

B. limited decision making

Explanation:

Based on the information provided within the question it can be said that in this scenario Wendy undertook a limited decision making process. This refers to when a consumer makes a decision that requires very little amount of time and effort to make. Which seemed to be the case since Wendy immediately saw the product, looked at the recipe, and instantly decided it would be a good product to purchase.

7 0
3 years ago
At the recent school board​ meeting, five individuals spoke on both the merits and problems with​ full-day kindergarten as compa
saul85 [17]

Answer:

defensive listening

Explanation:

Defensive listening happens when an individual hears an apparently innocent commentary and takes it as a personal attack against himself/herself or their beliefs. Many times defense listening is caused because the individual constantly believes that other people are judging them or their ideas.

In this case, Corrine was offended by a commentary that was not intended to be a personal attack, but rather an opinion on a specific topic. Probably Corrine feels strongly against the idea of full-day kindergarten and that is why she felt attacked by a different opinion.

4 0
3 years ago
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