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2 years ago

A change in tastes or fashions can impact..

1 answer:

3 0

In my opinion a change in tastes and fashion can impact both supply and demand. This is so because if the consumers doesn’t like the product they would not buy it, this affects the demand of the product. If the suppliers aren’t getting enough demand for the product they won’t supply.

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Mark and julie are going to sell brownies and cookies for their third annual fundraiser bake sale. In one day, mark can make 40

professor190 [17]

Answer: 40 brownies and 15 cookies

Explanation:

Mark can make 40 brownies or 20 cookies

$Opportunity cost of brownie for Mark = \frac{20}{40} = 0.5$

Julie can make 15 brownies or 15 cookies.

$Opportunity cost of brownie for Julie = \frac{15}{15} = 1$

So, Mark has a comparative advantage in making brownies. So, mark will produce a total of 40 brownies and Julie will make a total of 15 cookies.

6 0

3 years ago

The mode of transportation that results in the lowest transportation cost will also lower total costs for a supply chain.

tangare [24]

Answer: False

Explanation:

Transportation is the movement of individuals or goods from one place to another. Supply chain are the steps that are involved before a product will finally get to the consumer.

It should be noted that the mode of transportation that results in the lowest transportation cost will not necessarily lower total costs for a supply chain. This I because transportation isn't the only process involved on supply chain.

7 0

2 years ago

Suppose the price of movie tickets decline. The income effect means that :

puteri [66]

Answer:

a would be the answer for the question

4 0

2 years ago

Dana has standard consumer preferences over two goods: hours spent watching football (W) and hours spent playing football (P). H

Aleks [24]

Answer:

The correct option is Dana might be indifferent between C, A, and B.

Explanation:

Note: See the attached photo for the indifference curve showing points A, B and C.

The answer can be explained using an indifference curve.

An indifference curve is a graph that depicts the combination of two commodities that provide equal satisfaction or utility to the consumer. A consumer is indifferent between the two commodities at each point on an indifference curve because all points on the curve provide him with the same level of satisfaction or utility.

In the attached photo, bundles A, B and C are plotted as points on the same indifference curve (IC). Since points A, B and C are on the same IC, it therefore implies that Dana might be indifferent between C, A, and B.

Therefore, the correct option is Dana might be indifferent between C, A, and B.

4 0

3 years ago

Assume that Simple Co. had credit sales of $250,000 and cost of goods sold of $150,000 for the period. It estimates that 1 perce

Dahasolnce [82]

Answer:

A. Debit: Bad Debt Expense 2,500

Credit: Allowance for Doubtful Accounts 2,500

250,000 x .01 = 2,500

B. Debit: Bad Debt Expense 2,750

Credit: Allowance for Doubtful Accounts 2,750

3,000 - 250 = 2,750

8 0

3 years ago