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SpyIntel [72]
3 years ago
6

In an attempt to reduce poaching of elephant tusks for ivory, officials in Kenya burned illegally gathered ivory. Economists ten

d to point out that a. poaching can be reduced with price supports for ivory. b. the supply of ivory has fallen, leading to an increase in price and reward for poaching. c. burning ivory decreases demand, leading to lower prices and reward for poaching. d. the demand for ivory is higher, leading to an increase in price and reward for poaching. e. burning ivory raises demand, and controlled prices will lead to even greater poaching.
Business
1 answer:
Brut [27]3 years ago
6 0

Answer:

b. the supply of ivory has fallen, leading to an increase in price and reward for poaching.

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.

Poaching can be defined as an illegal or illegitimate procurement (purchase) of protected wildlife living organisms such as elephants, fish, trees, gaming, etc.

In an attempt to reduce poaching of elephant tusks for ivory, officials in Kenya burned illegally gathered ivory. Economists tend to point out that the supply of ivory has fallen, leading to an increase in price and reward for poaching in accordance with the law of supply.

This ultimately implies that, an increase in the price level of a product usually results in a decrease in the quality of real output demanded along the aggregate demand curve.

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7. The idea that business demand comes from a demand for consumer goods is referred to as
Dvinal [7]
The answer would be: derived demand
7 0
2 years ago
Alice listed a three-bedroom home for her client, but before she finds a buyer, the home burns to the ground. What happens to th
Nezavi [6.7K]

Answer:

The agency agreement is terminated upon destruction of the property.

4 0
2 years ago
The most recent financial statements for Assouad, Inc., are shown here: Income Statement Balance Sheet Sales $ 11,100 Current as
Pachacha [2.7K]

Answer:

EXTERNAL FINANCING NEEDED IS $383.736

Explanation:

For calculating the external financing , we first have to take out what the sales , cost , asset , liability will be when the sales of the company increases by 17%, so now we have to calculate all the values -

   SALES    = $11,100 X 1.17  ( multiplying by 17% because of increase in sale)

                  = $12,987  

   COST = $7900 X 1.17  (multiplying by 17%)

              = $9243

INCOME BEFORE TAX = SALES - COST

                                       = $12,987 - $9243

                                       = $3744

TAXES AT 24% ON TAXABLE INCOME OF $3744

             = .24 X $3744 =$ 898.56

Now subtracting this amount from taxable income

$3744 - $898.56 = $2,845.44

Next step would be of paying dividend payout ratio from it

40% of $2,845.44 = .40 x $2845.44

= $1138.176

RETAINED EARNINGS = Taxable income - Dividend payout

                                     = $2845.44 - $1138.176

                                     = $1707.264

NOW TOTAL ASSETS WOULD BE = $15,600(5400+10200) X 1.17

                                                         = $18,252

IT IS GIVEN IN THE QUESTION THAT COST, ASSET, LIABILITY(CURRENT) ARE ALL PROPORTIONAL TO SALES.

CURRENT LIABILITY = $3300 X 1.17

                                   = $3861

TOTAL COST = LONG TERM LIABILITY + CURRENT LIABILITY

                       =$4820 + $3861

                      = $8681

TOTAL EQUITY EQUAL = $7480 + $1707.264 (RETAINED EARNINGS)

                                        = $9187.264

EXTERNAL FINANCING = ASSET - LIABILITY - EQUITY

                         = $18,252 - $8681 - $9187.264

                         =    $383.736

4 0
3 years ago
The marginal product of labor in the production of computer chips is 3030 chips per hour. The marginal rate of technical substit
fredd [130]

Answer:

150

Explanation:

As we know that

The marginal rate of technical substitution ​(MRTS) = Marginal product of labor ÷ Marginal product of capital

where,

The marginal rate of technical substitution ​(MRTS) = 0.20

And, the marginal product of labor is 30 chips per hour

So, the marginal product of capital is

= 30 chips per hour ÷ 0.20

= 150

The marginal rate of technical substitution ​(MRTS​) shows a relationship between the marginal product of labor and the marginal product of capital

5 0
3 years ago
Business incubators provide assistance to established companies attempting to generate foreign sales.
svetlana [45]

Business incubators assist established companies attempting to generate foreign sales. This statement is false.

<h3>What is Business?</h3>
  • The practice of earning a living or generating revenue via the production, acquisition, and sale of items is known as business (such as goods and services).  
  • Additionally, it includes "any activity or enterprise undertaken for profit."
  • The owner of the business is responsible and liable for any obligations made by the business since the business entity is not legally distinguished from the owner by the use of a business name.
<h3>What do you mean by the company?</h3>
  • A corporation, often known as co., is a legal entity that stands for a group of people with a certain goal who are either natural, legal, or a combination of the two.
  • Members of the company work together for a shared cause to accomplish clearly stated objectives.
  • Companies come in many shapes, including voluntary associations, such as nonprofit organizations, for-profit companies, banks, and programs, or educational institutions, whose goal is to make a profit.

Learn more about Business here:

brainly.com/question/15826771

#SPJ4

7 0
1 year ago
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