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tekilochka [14]
3 years ago
5

How will the invisible hand move corn prices in re-sponse to:a. a flood that destroys a great deal of the corn crop?b. a rise in

the price of wheat (a substitute for corn)?c. a change in consumer tastes away from corn dogs toward hot dogs?d. an increase in the number of demanders in the corn market?
Business
1 answer:
kodGreya [7K]3 years ago
6 0

Answer:

a. a flood that destroys a great deal of the corn crop?

The flood decreases the supply of corn and shifts the supply curve to the left which increases the price and decreases quantity in the market.

b. a rise in the price of wheat (a substitute for corn)?

Substitute goods are purchased in substitution as a rise in the price of one increases the demand for other and vice verse.

The rise in price of wheat increases the demand for the corn which shifts the demand curve to the right and increases both price and quantity.

c. a change in consumer tastes away from corn dogs toward hot dogs?

The change in tastes decreases demand which shifts demand to the left and decreases price and quantity both.

d. an increase in the number of demanders in the corn market?

The increase in buyer increases demand and both price and quantity increase as demand curve shifts to the right.

Explanation:

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Three employees in the maintenance department are responsible for repairing the video games at Pinball Wizard, a video arcade. A
DanielleElmas [232]

Answer:

(D) Calling a patient to confirm an appointment.

Explanation:

Which among the following processes of a dentist's office is the most likely a back-office process?

A back office process is a process that supports the front office processes. In the service industry such as this - dental services - a back office process won't require the presence of the client.

THE ANSWER IS (D)

Calling a patient to confirm an appointment doesn't require facing the patient or having them around.

Filing a claim with the patient's dental insurance provider requires the presence of one or both of the client and his insurance officer.

Cleaning a patient's teeth requires his or her presence at the dental clinic.

Same with option C.

8 0
3 years ago
Mercury Company sells tickets in advance for its weekly productions and records the proceeds as Unearned Revenue. At the end of
sattari [20]

Answer:I did the calculations and i believe i got it right.

Explanation:

Mercury sold 500 tickets at $40 a piece, okay, still with me, good. Yet, only 450 tickets were used during the month. What that mean is to minus 50 tickets. 50 multiplied by $40 is $2000. 500 multiplied by $40 equals to $20000. $20000 minus $2000 is equaled to $18000. They also had a Unearned Revenue account that had a credit balance of $5000. So, that means they should be in "debt." They should have $-15000. Add $2000, it is equaled to $-13000. So it should be $-13000. If wrong, i'm sorry.

8 0
3 years ago
The accounting profit is equal to
Archy [21]
Is the monetary costs a firm pays out and the revenue a firm receives. It is the bookkeeping profit<span>, and it is higher than economic </span>profit<span>. </span>Accounting profit<span> = total monetary revenue- total costs.</span>
7 0
3 years ago
A bank currently has $50 million in deposits, $6 million in cash in the vault, $4 million on deposit with Fed, and $5 million in
yuradex [85]

Answer:

A) $800,000

Explanation:

Since the current reserve ratio is 20%, and the bank has no excess reserves, then the maximum it can lend if it receives $1 is $800,000.

The bank has currently $50 million in deposits and $10 million in reserves ($6 million in cash and $4 million in the Fed), so its reserves are exactly 20% of its total deposits. So if any new deposits are received, the bank will have to keep as reserves 20% of it (= $1,000,000 x 20% = $200,000).

This type of banking system is called the fractional banking system because banks are only required to keep a fraction of the money they receive as deposits and they can lend the rest to other clients.

8 0
3 years ago
Match, an online dating service, offers you an internship to collect and analyze data. Your primary task is to test the correlat
Nostrana [21]

Answer:

The order of questions most objetive and unbiased is first (a) and then (b)

Explanation:

The order of the questions influences the answer of the people. If you ask first about dating, when they answer the question about happiness, the second answer would focus on the happiness it brings if they are datting. That means that I am inducing an answer about the happines of being dating or not, that is not ethical and the survey is not objetive. If the order of the questions is first (a) and the (b), the answer about happiness is not focused in the sentimental situation, and you can find if there is a correlation betwen the happiness and dating.

3 0
3 years ago
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