Answer:
c.a decrease in quantity demanded of poultry and an increase in the demand for fish.
Explanation:
The law of demand states that the higher the price , the lower the quantity demanded and the lower the price, the higher the quantity demanded.
Following from the law of demand, if the price of poultry increases, the quantity of poultry demanded would fall.
Because fish and poultry are subsituites goods, if the price of poultry increases, the demand for fish would increase.
I hope my answer helps you.
The answer is limited liability partnership
Answer:
B. cost of a market basket of goods and services typically consumed in the current period.
Answer:
Bonita’s break-even point in units for 2020 is 812.50 units.
Explanation:
Break-even point in units refers to the number of units of commodity that must sold by a company in order for its cost to be equal to revenue and therefore make no profit but also no loss. This can be determined for Bonita Industries as follows:
Selling price in 2020 = Selling price in 2019 * (100% - Percentage cut in selling price) = $1,000 * (100% - 40%) = $1,000 * 96% = $960
Variable expenses = $700
Fixed expenses = $780,000
Contribution per unit = Selling price in 2020 - Variable expenses = $960 - $700 = $260
Bonita’s break-even point in units for 2020 = Fixed expenses / Contribution per unit = $780,000 / $960 = 812.50 units
Therefore, Bonita’s break-even point in units for 2020 is 812.50 units.
Answer:
$12,650,000.
Explanation:
Reserves is the total amount of a bank's deposit that is not given out as loans
Reserves = Deposits - outstanding loans
Required reserves is the percentage of deposits required of banks to keep as reserves by the central bank
Required reserves = reserve requirement x deposits
0.09 x 415 million = 37.35 million
Excess reserves is the difference between reserves and required reserves
50 million - 37.35 million = 12.65 million
