Answer:
The price of the cereal would fall.
Explanation:
In Economics, there are primarily two (2) factors which affect the availability and the price at which goods and services are sold or provided, these are demand and supply.
The law of demand states that, the higher the demand for goods and services, the higher the price it would be sold all things being equal. On the other hand, law of supply states that the higher the price of goods and services, the lower the supply.
When there is a surplus of a new brand of cereal in the market. What will likely happen to the price of the cereal is that the its price would fall.
<em>Episodic change</em><em> change occurs occasionally, with periods of relative stability, and managers can respond with technical, product, or structural innovations as needed.</em>
<h3>
Episodic change</h3>
Organizational changes that tend to be uncommon, discontinuous, and planned are referred to as "episodic change" in this context. The assumption is that episodic change happens when organizations diverge from their equilibrium circumstances, or during times of divergence.
<h3>What kind of change occurs episodically?</h3>
A abrupt change, like a market crash, is known as an episodic change.
learn more about market crash here <u>brainly.com/question/18222552</u>
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Answer:
The probability that a person selected at random has virus and is aged between 21 and 25 is 0.58.
Explanation:
let A be the event that the selected person has a virus.
let B1, B2 and B3 be the events that the selected perosn is M, W and L accordingly.
the probabilities are given by:
P(B1) = 0.3
P(B2) = 0.5
P(B3) = 0.2
P(A|B1) = 0.65
P(A|B2) = 0.82
P(A|B3) = 0.5
probability of having virus and aged between 21 and 25 is given by:
[P(B2)*P(A|B2)]/[P(B1)*P(A|B1) + P(B2)*P(A|B2) + P(B3)*P(A|B3)]
= [(0.5)*(0.82)]/[(0.3)*(0.65) + (0.5)*(0.82) + (0.2)*(0.5)]
= 0.58
Therefore, the probability that a person selected at random has virus and is aged between 21 and 25 is 0.58.
Answer:
The correct answer is D.
Explanation:
Giving the following information:
Units produced - Inspection cost
February: 911 - $16,812
March: 961 - $17,200
April: 917 - $16,865
May: 901 - $16,710
June: 923 - $16,894
July: 908 - $16,780
August: 925 - $16,932
September: 865 - $16,300
October: 904 - $16,738
To calculate the fixed component using the high-low method, first, we need to calculate the unitary variable cost:
Variable cost per unit= (Highest activity cost - Lowest activity cost)/ (Highest activity units - Lowest activity units)
Variable cost per unit= (17,200 - 16,300) / (961 - 865)
Variable cost per unit= $9.375 per unit
Now, we can calculate the fixed costs:
Fixed costs= Highest activity cost - (Variable cost per unit * HAU)
Fixed costs= 17,200 - (9.375*961)
Fixed costs= 8,190.625
Fixed costs= LAC - (Variable cost per unit* LAU)
Fixed costs= 16,300 - (9.375*865)
Fixed costs= $8,190.625
Answer:
land; deserts, fertile fields, forests, mineral deposits, livestock, sunshine, and the climate necessary to grow crops (all these options are valid)
Explanation:
