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Arte-miy333 [17]
2 years ago
13

Recent medical research revealed that the presence of gluten in oats can cause celiac disease in the elderly. Since the elderly

are an important consumer segment in this market, industry experts predicted a fall in the price of commercially-available oats. However, after the publication of the research, the price of oats actually increased. Which of the following, if true, would explain this outcome? Suppliers of oats did not react to the news because they believed any change in demand would be temporary. Another research study noted that the gluten-content in oats, also used as livestock feed, does not affect the animals. All consumers of oats, including the elderly, drastically reduced their consumption. The availability of substitutes, such as wheat and barley, increased in the market. The supply of oats came down drastically, with some major participants exiting the market.
Business
1 answer:
natali 33 [55]2 years ago
6 0

Answer:

The supply of oats came down drastically, with some major participants exiting the market.

Explanation:

The price of oats actually increased because, due to the research that says oats contain gluten that can cause a disease in the elderly and therefore not good for consumption, the supply of oats decreased thereby resulting to the scarcity of oats in the market.

When supply decreases, price increases.

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High self-monitoring consumers probably prefer ads that contain _____. text focusing on the benefits of the product or service v
Papessa [141]

Answer:

visually provocative themes.

Explanation:

High self monitors are like chameleons that follow social cues on how to behave. They change the way they present themselves in different social setting to fit the occasion. For example if a highly self monitor person is at a party and is having a bad day, they will modify how they present themselves by expressing a happy front.

Because of this adaptability to social environments they go into careers like public relations, sales, diplomacy, and law.

They may buy a product based on how it looks even though it's performance is not that good. For example buying a fancy phone.

They are more attracted by the image of the product.

4 0
2 years ago
The GoT cups are a fast seller and you need to ensure that you have enough rolls of paper to fulfill demand. The first stage in
jarptica [38.1K]

Answer:

EOQ = 414 rolls

Explanation:

In order to calculate the number of orders to minimize the cost, we should calculate that by using the Economic order quantity model.

DATA

Holding cost = $1.75/unit

Annual demand = 500 rolls x 12 = 6000 rolls

Ordering cost = $25

Formula

EOQ =\sqrt{\frac{2Cod}{Ch} }

Where

Co = ordering cost

D = Annual demand

Ch = Holding cost

Solution

EOQ = \sqrt{\frac{2(6000)(25)}{1.75} }

EOQ = \sqrt{\frac{300000}{1.75} }

EOQ = 414 rolls

They should order 414 rolls to minimize the cost.

4 0
2 years ago
Read 2 more answers
The standard cost of product 777 includes 2.0 units of direct materials at $6.00 per unit. During August, the company bought 29,
AfilCa [17]

Answer and Explanation:

The computation is shown below:

Total material variance = Actual quantity × Actual rate - Standard quantity × Standard rate

= 29000 × $6.3 - (16,000 units × 2) × $6

= $182,700 - $192,000

= - $9,300 favorable  

Material price variance = Actual quantity × Actual price - Actual quantity × Standard price

= (29,000 units × $6.3) - (29,000 units × $6)

= $182,700 - $174,000

= $8,700 unfavorable  

Material quantity variance =  Standard quantity × Actual quantity - Standard rate × Standard quantity  

= $6 × 29,000 units - $6 × (16,000 units × 2)

= $174,000 - $192,000

= -$18,000 favorable

The favorable is when the standard cost is more than the actual one while the unfavorable is when the standard cost is less than the actual one

8 0
2 years ago
1. Scenario: Stephanie has been driving for four years without any major auto accidents-until today. It was pouring rain when sh
Dmitry [639]
C. 85,000 of the insurance is 100,000 for a bodily injury
6 0
2 years ago
Mikes Inc. has provided the following information: Cost per Unit Cost per Period Direct materials $ 6.85 Direct labor $ 3.60 Var
marshall27 [118]

Answer:

Marginal cost: $13.70

Missing question:

Additional cost from increasing their output by one unit.

Explanation:

The company will inccur only the variable cost as the fixed cost are within the relevant range:

Direct materials $ 6.85

Direct labor $ 3.60

Variable manufacturing overhead $ 1.25

Sales commissions $ 1.50

Variable administrative expense $ 0.50

Total variable cost: $13.70

producing an additional unit will genrate marginal cost for $13.70

4 0
2 years ago
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