Why is bad weather sometimes good news for farmers?

1 answer:

7 0

(D) is the most correct answer. When the weather is bad, this will shift the supply curve of (mostly inelastic) farm goods to the left. This will, in turn, raise the equilibrium price that farmers will be able to receive for the products. All else equal, this will raise the overall profit that the farmers will receive, even in times of bad weather.

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Suppose that Verizon Wireless has hired you as a consultant to determine what price it should set for calling services. Suppose

Feliz [49]

Answer:

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

Explanation:

Given a competitive market the consumer surplus will be the area of the demand curve above the market price

This is, between the intersection point with Y axis and a parallel at market price. Ofter represent as a triangle

If a monopolistic company maximize profit It will decrease this consumer surplus as much as it can to gain it from itself.

First it will set price equal to his marginal revenue.

Then, if possible it will charge two tariff a fixed component and a variable component per usage This will extrac all consumer surplus in favor of the firm leaving a consumer surplus of zero.

If Verizon charges an optimal two-part price thenconsumer surplus will be zero.

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3 years ago

Why is going to a restaurant to eat dinner both a good.and a service

lions [1.4K]

You eat at the time you need to and they service you

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3 years ago

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One assumption that distinguishes short-run cost analysis from long-run cost analysis for a profit-maximizing firm is that in th

scoray [572]

A. The size of the factory is fixed.

We know there will always be costs of rent and etc when running a business so even in the short run there is fixed costs. The output is always variable depending on the number of workers. The number of workers is also not fixed, but the size of the factory is because you cant just get up and move your business over night, it costs money and is a lot of work.

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3 years ago

Each of the following represents a good habit if you’re trying to prevent ID theft EXCEPT…

Eddi Din [679]

Answer:

The correct answer is letter "C": Using one very secure password for all of your major financial accounts.

Explanation:

Using one password -regardless of how secure it could be- for all the different accounts an individual might have increases the chances that in front of identity theft, the attacker will get the most of the individual's financial assets. It is recommended to have different passcodes with different accounts and avoid using personal information within the passwords.

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3 years ago

Jan, an employee of a distribution company, never speaks to anyone in her office. From when she arrives to when she leaves, no o

Brut [27]

Answer: behaviours

Explanation: An employee's behaviour is how they react to a certain circumstance in the work environment. This behaviour can be internally driven or can be adopted from external situations. This scenario depicts an external situation, as Jan based her movements on her how her employees operate. Jan decided that she will not speak to her coworkers, merely because she noticed that no else in the office does. And because she didn't want to stand out or seem different, she applied that same behaviour. This is a form of conformity, which is when someone adopts the beliefs, behaviours or norms of a group, in order to fit in with them.

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3 years ago