1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
larisa [96]
3 years ago
7

Read the scenario below and then answer the question. Sample scenario: Scientists have created a new grass seed that stops grass

growth at a specific length, eliminating the need to mow the lawn. The price of this seed is high, but many consumers still want to use it. As a result, several different producers supply a large amount of this seed to consumers. In order to attract consumers to their product, some producers lower their prices and supply fewer bags of seeds. What is the best description of the grass seed that is described in this scenario
Business
2 answers:
Mazyrski [523]3 years ago
8 0

Answer:

It's a good with an elastic supply

Explanation:

edge 2021

Ray Of Light [21]3 years ago
7 0

Answer: a good with an elastic supply

Explanation:

Price elasticity of supply simply refers to how the changes in market price of a good bring about a responsiveness to the supply of such good.

Based on the information given, the best description of the grass seed that is described in this scenario is that it's a good that has an elastic supply. This is because the price of the good in thus case, is sensitive to the changes in the price.

You might be interested in
Identify the incorrect statement concerning globalization. A. It has been blamed for unemployment in developed nations, environm
konstantin123 [22]

Answer:

C. It is transforming industries and is highly welcomed by those who believed their jobs were protected from foreign competition.

Explanation:

Globalization is integration of world economies. it has created threat to the employment opportunities in the developed countries since the large number of jobs are being outsourced to other countries.

3 0
3 years ago
Wu Production Company, which uses activity-based budgeting, is in the process of preparing a manufacturing overhead budget. Whic
creativ13 [48]

Answer:

Option which would likely appear on that budget will be:

Batch level costs: production setup.

Explanation:

Here the company uses activity based budgeting is a management accounting tool which new year budget is only seen by not considering the previous year records.

 Activity based budgeting which  is  a budgeting method in which firstly the overhead costs are being calculated and the the budgets gets created.

Batch-level cost is a cost which is not associated with any given specific individual units but is associated with a group of units.

For example, to set up a production run the cost incurred is associated with the batch of goods that are produced subsequently.

Another example can be be procurement costs. The expenses associated with the procurement costs include the  ordering of direct materials, paying suppliers and receiving goods.

Since all of the expenses are related to the orders placed numbers, they must be allocated not to an individual product but to group of unit.

6 0
3 years ago
The developing country of alpha had a rule that none of its factories could be owned by companies from the developed country of
hjlf
<span>When the developing country alpha breaks the rule of factories not being owned by the companies of developed country beta would imply that alpha is in a vulnerable position in its trade. So this means this would be an example of decline in trade and investment barriers.</span>
4 0
4 years ago
You are using earned value analysis to track your project's progress. In your project, earned value is higher than planned value
Inessa [10]

In your project, the earned value is greater than the planned value. This means the project is ahead of schedule and under budget.

<h3>What is project management?</h3>

It is the set of strategies and methods used by the project leader so that all stages of the project occur as planned, that is, techniques for achieving the project objectives, reducing negative risks and using the stipulated budget and schedule.

Therefore, it is essential that the project manager is monitoring all stages of the project, reducing unnecessary costs and integrating the team to increase productivity and meet the schedule.

Find out more about project management here:

brainly.com/question/6500846

#SPJ1

5 0
2 years ago
When Mathilda first walked into the glass-enclosed lobby of Data Mining Solutions’ headquarters, she observed an enormous three-
natali 33 [55]

Answer: Symbols

Explanation:

Observable artifacts are symbols, words, languages (they could be slang or jargon), stories of legends, practices. This give those in the future the explanation of what happened in the past or what's currently ongoing with a message to those who come across them.

The observable artifact the organization is using is that of symbols.

6 0
3 years ago
Other questions:
  • Sapphire sells two products: ordinary laptops and premium laptops. Ordinary laptops are priced at $650 each and premium laptops
    10·1 answer
  • In a ________ structure, role and authority relationships are deliberately left vague because the underlying assumption of this
    9·1 answer
  • Enrico is a CPA for a large company. Recently, he noticed that the company's accounting records significantly overstated the amo
    10·1 answer
  • What is an economic system? Give two examples.
    12·2 answers
  • Which of the following is used to aid in decision making about training, raises, and promotions
    10·1 answer
  • Michael operates his health food store as a sole proprietorship out of a building he owns. Based on the following information re
    12·1 answer
  • Which of the following situations suggests the acceptance of an investment​ proposal? A. The cash inflows are lesser than the in
    9·1 answer
  • New shoes are on SALE. You find a pair you like for $85 dollars. But you only have $45 with you. So, you pay $40 and
    13·1 answer
  • Allegheny Company ended Year 1 with balances in Accounts Receivable and Allowance for Doubtful Accounts of $70,000 and $3,600, r
    12·1 answer
  • Scarbrough Corp. factored $600,000 of accounts receivable to Duff Corp. on October 1, year 2. Control was surrendered by Scarbro
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!