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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.

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A structure that organizes worldwide operations primarily based on function and secondarily on product is called: a global area
Tatiana [17]

Answer:

a global functional division.

Explanation:

In a global functional structure, the MNC activities are to be organized among the particular functions that are related to the production, finance, marketing etc. Here the developments are establishment that would have the responsibility worldwide for the particular function

So as per the given situation, the above should be the answer

8 0
3 years ago
Sylvia works part-time at an office and also goes to school in the evenings. She is considering taking supplies for a class proj
castortr0y [4]

Answer:

Letter D is correct. <em>Public knowledge test.</em>

Explanation:

The ethics test to make your decision was the public knowledge test. According to studies, a person judges the consequences of taking an unethical attitude using a sequential and rational approach. There are a sequence of judgments which are: moral rules, defense testing, ethical principles, and anticipatory high evaluation. Taken together, these steps will help you identify if there are more advantages or disadvantages to an unethical act.

4 0
3 years ago
Eastline Corporation had 11,000 shares of $10 par value common stock outstanding when the board of directors declared a stock di
andrey2020 [161]

Answer:

e. Debit Retained earning $49,280 Credit Common stock dividend distributable $35,200

Credit Paid in capital in excess of par value(Common stock) $14,080

Explanation:

The journal entry is as follows:

Retained earnings (3,520 shares × $14)

Dr $49,280

_______ Common stock dividend distributable (3,520 shares × $10)

Cr $35,200

_______ Paid in capital in excess of par value ($49,280 - $35,200)

Cr $14,080

3 0
3 years ago
If a competitive firm can increase its profits by increasing its output, then the firm's:
Basile [38]
If the firm can increase its profit by increasing its output then the firm is not producing at where the marginal cost is equal to the marginal revenue. A profit-maximizing firm in a competitive market will produce its output at the point in which MC=MR. 
3 0
4 years ago
A company's flexible budget for the range of 35,000 units to 45,000 units of production showed variable overhead costs of $2 per
Gnom [1K]

Answer:

c. $3,200 favorable.

Explanation:

We know that

Total controllable cost variance = Budgeted overhead cost - actual overhead cost

where,

Budgeted overhead cost =  Variable overhead + Fixed overhead

where,

Variable overhead = 40,000 units × $2 = $80,000

And, the fixed overhead = $72,000

So, the budgeted overhead = $152,000

And, the actual one is $148,800

So, the total controllable cost variance would be

= $152,000 - $148,800

= $3,200 favorable

7 0
3 years ago
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