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laila [671]
2 years ago
15

The substitution effect of an increase in the price of Raisin Bran refers to Select one: a. the decrease in the demand for Raisi

n Bran when its price rises. b. the result that consumers will now switch to a substitute good such as Cheerios, and the demand curve for Raisin Bran shifts to the left. c. the fact that the higher price of Raisin Bran lowers consumer's purchasing power, holding money income constant. d. the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.
Business
1 answer:
EleoNora [17]2 years ago
5 0

Answer:

the fact that the higher price of Raisin Bran relative to its substitutes, such as Cheerios, causes consumers to buy less Raisin Bran.

Explanation:

the substitution effect arises when as a result of a rise in the price of a good, the good becomes more expensive relative to its substitutes. Consumers not consume less of the good and more of the substitute. This leads to a movement up along the demand curve for that goods and not a movement along the demand curve for the good and not a shift of the demand curve.

If the price of the good increases. The good becomes cheaper when compared with substitutes. As a result, the demand for the good increases while that of the substitutes decreases.

The income effect is when an increase in price lowers consumer's purchasing power, holding money income constant.

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When Heinz introduced EZ Squirt packaging and new colors such as Blastin' Green and Awesome Orange to revitalize consumer buying
Umnica [9.8K]

When Heinz introduced EZ Squirt packaging and new colors such as Blastin' Green and Awesome Orange to revitalize consumer buying, the company was modifying the distribution.

Heinz has launched a color ketchup product for toddlers called EZ Squirt. The product was available in compressible containers and was eventually discontinued by him in 2006.

After six years of creatively decorating food, the novelty wore off and a young fan of the whimsical Heinz grew tired of tattooing hot dogs with his tribal tattoos. The company has discontinued the EZ Squirt color due to declining sales.

Squeeze Bottles became so popular that Heinz eventually stopped making glass bottles, until 2011 when he released a limited edition bottle with his original label.

Learn more about distribution here: brainly.com/question/12892403

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6 0
9 months ago
Trevor restores antique cars and sells them for profit. This is an example of _____ income.
anyanavicka [17]
Trevor restores antique cars and sells them for profit. This is an example of CAPITAL GAINS income.

Capital Gain is a profit earned from the sale of a property or an investment. It is not only limited to vehicles. It is also applicable to real estate sales. Every Capital Gain has its corresponding taxes to be paid to the government.
5 0
2 years ago
Read 2 more answers
Marigold Corp. has these accounts at December 31: Common Stock, $12 par, 5,200 shares issued, $62,400; Paid-in Capital in Excess
irina [24]

Answer:

Total Paid in capital = $81100

Total paid in capital and retained earnings = $124800

Total Stockholder's equity are = $114460

Explanation:

given data

Common Stock  = $12 par value 5200 shares

shares issued =  $62400

Paid-in Capital  = $18700

Retained Earnings = $43700

Treasury Stock  470 shares = $10340

to find out

stockholders' equity section of the balance sheet

solution

we get first Total Paid in capital that is

Total Paid in capital = shares issued  + Paid-in Capital   ..............1

Total Paid in capital = $62400  + $18700

Total Paid in capital = $81100

and

Total paid in capital and retained earnings = Total Paid in capital + Retained Earnings    .................2

Total paid in capital and retained earnings = $81100 + $43700

Total paid in capital and retained earnings = $124800

and

so Total Stockholder's equity are = Total paid in capital and retained earnings - Treasury stock   ..................3

Total Stockholder's equity are = $124800 - $10340

Total Stockholder's equity are = $114460

7 0
3 years ago
Generating ideas by comparing specific project practices or product characteristics to those of other projects or products insid
Ganezh [65]

Answer:

This process is known as Benchmarking

Explanation:

Benchmarking is the process of comparing business process and performance to the best practices from the other companies. The dimensions measured and compared are time, quality and cost.

This allows the organizations to improve the projects or plans or adapt the specific best practices with the aim of increasing the performance.

7 0
3 years ago
High Desert Pottery works makes a variety of pottery products that it sells to retailers. The company uses a job-order costing s
Nostrana [21]

Answer:

Results are below.

Explanation:

<u>First, we need to calculate the predetermined overhead rate for each department:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Molding:

Predetermined manufacturing overhead rate= (174,000/87,000) + 3.2

Predetermined manufacturing overhead rate= $5.2 per machine hour

Painting:

Predetermined manufacturing overhead rate= 445,890/50,100 + 5.2

Predetermined manufacturing overhead rate= $14.1

<u>Now, we can allocate overhead to Job 205:</u>

<u />

Allocated MOH= Estimated manufacturing overhead rate* Actual amount of allocation base

Allocated MOH= 5.2*350 + 14.1*132

Allocated MOH= $3,681.2

<u>Finally, the unitary cost of Job 205:</u>

<u />

Total cost= (938 + 1,220) + (720 + 1,020) + 3,681.2

Total cost= $7,579

Unitary cost= 7,579/22

Unitary cost= $344.51

6 0
3 years ago
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