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
Sunny_sXe [5.5K]
3 years ago
5

If soybean farmers know that the demand for soybeans is inelastic, in order to increase their total revenues they should a. use

more fertilizers and weed killers to increase their yields. b. plant additional acres to increase their output. c. reduce the number of acres they plant to decrease their output. d. Both a and b are correct.
Business
1 answer:
charle [14.2K]3 years ago
5 0

Answer: Option C

                                     

Explanation: In simple words, inelastic demand refers to a situation when the demand of the buyer does not change as per the price of the commodity. Thus, the price does not increase or decrease with decrease or increase in demand.

Hence the farmers should decrease the supply as there would be no profit for them to supply a product that has an inelastic demand.

You might be interested in
  Which of the following business entities would allow you the most personal control?
Lyrx [107]
Maybe D . not sure . correct me if im wrong. 
3 0
3 years ago
Read 2 more answers
When transportation costs are added to production costs, it becomes unprofitable to ship some products over a large distance. Th
pishuonlain [190]

Answer:

Option C. Have a low value-to-weight ratio.

Explanation:

The reason is that the transportation cost is connected with the weight of the product whereas the profit of the profit will diminish if the value to weight is low which means that the profit generated is very low which will be paid off to transport the product. So the option C is correct.

Option A is not connected with transportation cost which turns the profitable products into unprofitable products due to its high cost.

Option B is opposite of option C hence both are incorrect.

Option D is incorrect because if the product is only produced in one region then it will be the only firm offering that product which means it can price its product geographically to adjust the transportation cost. Hence it is also not connected with the transportation cost which turns the profitable products into unprofitable products due to its high cost.

7 0
4 years ago
Pitt Enterprises manufactures jeans. All materials are introduced at the beginning of the manufacturing process in the Cutting D
blagie [28]

Answer:

e. 225,000 materials; 195,000 conversion.

Explanation:

direct materials

beginning WIP inventory = 0%*50000

                                          = 0

started and completed = 150000*100%

                                       = 150000

ending WIP inventory = 75000*100%

                                    = 75000

equivalent units = 0 + 150000 + 75000

                           = 225000

conversion

beginning WIP inventory = 50000*60%

                                          = 30000

started and completed = 150000*100%

                                       = 150000

ending WIP inventory = 75000*20%

                                    = 15000

equivalent units = 30000 + 150000 + 15000

                           = 195000

Therefore, The equivalent units for direct materials and conversion respectively for May is $225,000 and $195,000 respectively.

7 0
3 years ago
You are the account manager for an Internet service provider. A customer contacts you and complains that her recent billing stat
Darya [45]

Answer: a. Anticipate the effect your message will have on the receiver.

b. Analyze the bad-news situation

Explanation:

In the Phase 1 of the writing process, it is required that one should analyze the bad-news situation, and then anticipate the effect that such news will on have on the receiver. After this has been one, the message will then be adapted accordingly.

In a scenario whereby it's anticipated that the reader will be upset about the news, then the message might be reshaped so that the reader won't be angry.

3 0
3 years ago
Management of Mcgibboney Corporation has asked your help as an intern in preparing some key reports for November. The beginning
harkovskaia [24]

Answer:

$87,000

Explanation:

Calculation of the conversion cost for November.

Conversion cost can be defined as the combination of both direct labor costs and manufacturing overhead costs that are vital to help convert raw materials into product.

Using this formula

Total Conversion cost = Direct labor cost + Manufacturing overhead cost

Hence,

Direct labor cost $25,000

Add Manufacturing overhead cost $62,000

Total Conversion cost $87,000

Therefore the conversion cost for November is $87,000

4 0
3 years ago
Other questions:
  • Please match each description with the appropriate approach to federal finance. Policymakers should reduce spending and increase
    7·1 answer
  • The operations, management, and regulation of a financial conglomerate are the same irrespective of the types of services offere
    10·1 answer
  • Emily Corporation sells two products: hurricane lamps and flashlights. Hurricane lamps account for 70 percent of the units sold,
    15·1 answer
  • You are considering investing in one of several mutual funds. All the funds under consideration have various combinations of fro
    9·1 answer
  • Spending on the war in Afghanistan is essentially categorized as government purchases. How do dcreases in spending on the war in
    8·1 answer
  • The auto repair shop of Quality Motor Company uses standards to control the labor time and labor cost in the shop. The standard
    8·1 answer
  • The concentration ratio provides a measure of the extent to which an industry Question 63 options: produces a useful product. is
    10·1 answer
  • Which of these represents an equilibrium price for designer jeans? The arrow pointing to D2 The intersection of P1 and Q1 The li
    9·2 answers
  • Wellington Corp. has outstanding accounts receivable at year end totaling $6,500,000 and had sales on credit during the year of
    15·1 answer
  • A company may choose to launch the same advertising campaign globally. This particular campaign may be launched with identical p
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!