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user100 [1]
3 years ago
14

What will happen to the equilibrium price and quantity of Romaine Lettuce if a new fertilizer increases yields and makes the let

tuce cheaper to produce? Group of answer choices Quantity will rise, so price will fall, causing demand to rise. The increase in demand will cause price to rise back up. Price will fall so firms will decrease production, causing equilibrium quantity to fall too. Supply will shift right, so equilibrium price will fall and equilibrium quantity will rise. Price will fall, so demand will rise causing equilibrium price and quantity to rise.
Business
1 answer:
krok68 [10]3 years ago
7 0

Answer:

What will happen to the equilibrium price and quantity of Romaine Lettuce if a new fertilizer increases yields and makes the lettuce cheaper to produce? Group of answer choices Quantity will rise, so price will fall, causing demand to rise. The increase in demand will cause price to rise back up. Price will fall so firms will decrease production, causing equilibrium quantity to fall too. Supply will shift right, so equilibrium price will fall and equilibrium quantity will rise. Price will fall, so demand will rise causing equilibrium price and quantity to rise.

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Marquis has a gross pay of $816. By how much will his gross pay be reduced if Marquis has the following items withheld? federal
andre [41]

Gross pay is the amount of income before taxes and deductions. The amount by which the gross pay is reduced is $174.66.

<h3>What is gross pay?</h3>

The gross pay is the amount of salary or wages that is before the taxes or other deductions. The expense of tax and deductions are subtracted from the gross pay to calculate the net pay.

The gross pay of Marquis in the given question is $816. His gross pay will be reduced by the taxes to calculate the net pay.

The amount of reduction will be the sum of all the taxes levied such as federal tax, social security tax, and so on.

Therefore the amount by which the gross pay will be reduced is:

\begin{aligned} \rm Federal\: tax &= \$92\\\\\rm Social\: security\: tax (\$816\times 6.2\%) &= \$50.592\\\\\rm Medicare\:tax (\$816\times 1.45\%) &= \$11.832\\\\\rm \end

The state tax is calculated as a percentage of federal tax. The state tax is:

\rm State \:tax (\$92\times 22\%) &= \$20.24\\

Therefore the total amount of reduction is:

\rm Total\:amount\:of\:reduction = \$92 + \$\$50.592 + \$11.832 +\$20.24\\\\\rm Total\:amount\:of\:reduction = \$174.664

Hence, the correct option is d.

Learn more about gross pay here:

brainly.com/question/8067656

6 0
2 years ago
You just turned 35 and have been saving for an around-the-world vacation. You want to take the trip to celebrate your 40th birth
Olegator [25]

Answer:

(a) No, there is a Shortfall = $2,965

(b) $25,202.95

Explanation:

As provided current balance: $15,000

Current return on investment = 8%

Assumed this is compound interest as no amount is withdrawn in between.

Therefore, future value of $1 after 5 years @ 8% compounded per year =

1.469

Value of $15,000 on the date of 40th Birthday = $15,000 \times 1.469 = $22,035

There is a shortfall in the budgeted amount = $25,000 - $22,035 = $2,965

If $500 annual contributions are made in the same account then value shall be:

Value of $15,000 = $22,035

Value of $500 = Value of $1 after 5 years = $6.3359

= $500 \times 6.3359 = $3,167.95

Then total balance in account = $22,035 + $3,167.95 = $25,202.95

8 0
3 years ago
A crosswalk_<br>when there are no pavement markings.​
antoniya [11.8K]

Answer: It just would not be a cross walk it would be a road.

Explanation:

7 0
3 years ago
Read 2 more answers
Sunnyside Detailing's cost formula for its materials and supplies is $1,950 per month plus $14 per vehicle. For the month of Aug
Mumz [18]

Answer:

Flexible budget cost materials and supplies= $2,720

Explanation:

In the flexible budget, we need to multiply the standard quantities by the actual activity.

<u>Standard cost formula:</u>

materials and supplies= 1,950 + 14*x

x= number of vehicles

<u>For 55 vehicles:</u>

Flexible budget cost= 1,950 + 14*55

Flexible budget cost= $2,720

6 0
3 years ago
In 2002, the annual price of oil was $24.36. As of late July 2006, the annual price of oil was $62.07. The percentage increase i
juin [17]

Answer:

b. oil prices increased faster than real GDP, but real GDP still grew at a healthy pace.

Explanation:

In this example, we compare the annual price of oil and the annual increase in GDP. When we look at the two, we can see that oil prices increased faster than real GDP. Nevertheless, we can also see that GDP still grew at a healthy pace.

GDP refers to Gross Domestic Product. This concept describes the monetary value of all good and services produced within a country's borders in a certain time period. GDP does not describe all the specific economic conditions of a country. However, it is still a useful measure for politicians and researchers in order to estimate the relative health of a country's economy.

5 0
3 years ago
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