Answer: A drought will lead to a leftward shift in the supply curve which results in higher equilibrium price and lower equilibrium quantity supplied.
Explanation: In the early 2000s, Australia's rice growing regions experienced drought which led to an increase in price from 12 to 24 cents a pound. The absence of rain in Australia's rice growing region resulted in a price increase as rain is essential for the growth of crops.
The drought will lead to an increase in price and reduction in quantity supplied in world market. Graphically, a reduction implies that the supply curve shifts to the left indicating that producers are providing less quantity of rice. A leftward shift in the supply curve results in higher equilibrium price and lower equilibrium quantity.
Attached below is the graph.
Answer:
Contribution margin = $16
Explanation:
Contribution is the difference between the selling price and the variable cost.
Contribution margin = (Sales - variable cost )
Variable cost = Variable manufacturing + Variable selling cost
Variable cost = 18 + (15%× 40) = 24
Contribution margin = 40 - 24 = $16
Contribution margin = $16
The answer is focus strategy. Focus strategy is commonly employed
wherein a company has proper knowledge of its segment and has a vast of goods
to competitively fulfill its desires. There are three generic marketing
strategies namely focus strategy, differentiation strategy and the low cost
strategy.
Answer:
Annual deposit (PMT) = $1,567,060.39
Explanation:
Given:
Future value of annuity due = $8,000,000
Rate of interest(r) = 10% = 0.1
Number of year (n) = 4 year
Annual deposit (PMT) = ?
Computation of annual deposit :
Annual deposit (PMT) = $1,567,060.39