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2 years ago

Suppose the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound. What takes place

1 answer:

4 0

If the current price of a pound of chicken is $3 per pound and the equilibrium price is $6 per pound what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.

The current price of $3 per pound is lesser that the equilibrium price of $6 per pound which means that their is shortage.

The shortage indicate that their is increase in demand in the market because the quantity demanded is higher than the quantity supplied.

Therefore the rise in price of goods and services will lead to decrease in the quantity demanded of such goods or product.

Inconclusion what takes place is: a) There is a shortage , so the price rises and quantity demanded decreases.

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Why was 2007 considered the "Year of the Recall"?

Karolina [17]

Answer:

Most of the recalls were in the toy industry, which alarmed the public

Explanation:

2007 is known as the "year of the recall" because in that year a very high level of recalls were made by manufacturers but most importantly and alarmingly was the toy industry.

Every child, from being a baby to toddlers and preteens usually have one or more toys that they play with. 2007 seemed like the year to not get toys for kids as it became public knowledge that high amounts of lead was used in toy production that year.

Lead for all its usefulness is a poisonous or dangerous substance to the human body talk more of a kid. The revelation of excessive lead content in toys caused a recall of toys by toy companies among other companies.

Also affected were art supplies, jewelries, etc.

Cheers

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2 years ago

Katherine is developing a forecast for her company's next year's sales of an organic fertilizer to retail gardening nurseries. s

Furkat [3]

She is engaging in <u>Bottom-up</u> Forecasting.

<h3>What is Bottom-Up Forecasting?</h3>

Bottom-up forecasting is a high-level prediction of micro-level inputs to estimate revenue for a particular year or group of years. Revenue teams, for example, frequently utilize this strategy to forecast the company's future performance based on individual sales or rep performance.

Bottom-up forecasting is analogous to assessing the health of a complicated system, such as a vehicle, by examining its most fundamental components, such as its engine components.

The essential distinction between top-down and bottom-up methodologies is the perspective used to conduct your analysis. Bottom-up forecasting is excellent for assessing the impact of certain performance measures on revenue. However, in order to truly grasp the health of a complicated firm, we must examine it from several perspectives.

In a top-down study, we estimate aggregate demand. This style of evaluation considers past performance to forecast future performance.

Therefore, Katherine is developing a forecast for her company's next year's sales of organic fertilizer to retail gardening nurseries. she is assembling the sales estimates for her company's product by adding together the territory estimates provided by her salespeople. she is engaging in <u>Bottom-Up forecasting.</u>

For more information on Bottom-up Forecasting, refer to the given link:

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2 years ago

Which of the following situations may qualify a taxpayer to claim an education credit on their tax return? g

mihalych1998 [28]

Answer:

The correct answer is letter "B": The taxpayer paid education expenses for their dependent child at an eligible educational institution for a degree.

Explanation:

Taxpayers can take educational credits for themselves, their spouse, and dependents who during the tax year have been enrolled in or attended an eligible post-secondary school. In the case of dependents, they must be claimed as such in the taxpayer's return and cannot appear in any other filing.

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2 years ago

Pumpkin Company, during its first year of operations in 2016, reported taxable income of $170,000 and pretax financial income of

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2 years ago

Purely domestic firms will be at a disadvantage to mnes in the event of market disequilibria because

Amanda [17]

Purely domestic firms will be at a disadvantage to men's in the event of market disequilibria because domestic firms lack comparative data from its own sources.

<h3>What are domestic firms?</h3>

Most or all of the operations of domestic companies are conducted within the US. They might export goods or import supplies, but these activities often make up a modest portion of overall corporate activity. US securities regulations primarily apply to domestic enterprises. Typically, their financial reports are created using widely accepted accounting principles (GAAP).

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8 0

9 months ago