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rewona [7]
2 years ago
8

Kiwis and strawberries are substitutes for consumers. An increase in the price of a kiwi coupled with an increase in the number

of strawberry growers​ ________ the equilibrium price of a pound of strawberries and​ ________ the equilibrium quantity of strawberries.
a) raises; increases
b) probably changes, but more information is needed to determine if it rises or falls; increases
c) raises; probably changes, but more information is needed to determine if it increases or decreases
d) lowers; probably changes, but more information is needed to determine if it increases or decreases
e) lowers; increases
Business
1 answer:
valentina_108 [34]2 years ago
8 0

Answer:

The correct answer is D

lowers; probably changes, but more information is needed to determine if it increases or decreases

Explanation:

The increase in suppliers for strawberries causes the supply curve to shift to the right causing the equilibrium price to lower fro Po to P1.

The increase of price for Kiwis will move the price from Po to P1. The new price is not at equilibrium, as there has not been a shift in demand or supply as shown in the diagram.

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Members of the buying center at Kid's World, a store for children's clothing, are drawing up a list of desired supplier attribut
expeople1 [14]

Answer:

C) supplier selection

Explanation:

The five stages of the business buying decision process are:

  1. Awareness and recognition: someone at the company identifies the need for a purchase.
  2. Specification and research: a detailed specification about what product is needed, quantity and technical requirements is elaborated. Using this information you start to search for potential vendors or suppliers that can offer the product.
  3. Request for proposals: vendors are contacted and you request them to send you their proposals regarding the products that you are looking for.
  4. Evaluation of proposals: the buying team must evaluate the proposals received form the potential vendors and select the most appropriate one.
  5. Order and review process: Price ans selling terms are negotiated, he order is placed and finally the products received are controlled to check that they meet the specifications.
4 0
2 years ago
Sue now has $125. How much would she have after 8 years if she leaves it invested at 8.5% with annual compounding
hichkok12 [17]

Answer:

FV= $240.08

Explanation:

Giving the following information:

Sue now has $125.

Number of periods= 8 years

Interest rate= 8.5% with annual compounding

<u>To calculate the future value of the investment, we need to use the following formula:</u>

FV= PV*(1+i)^n

FV= 125*(1.085)^8

FV= $240.08

8 0
2 years ago
Fairchild Garden Supply expects $700 million of sales this year, and it forecasts a 15% increase for next year. The CFO uses thi
vazorg [7]

Answer:

D) 3.48

Explanation:

Current Year Sales = $700

Growth rate = 15%

Projected Sales=$700*15% +$700

Which is $805

Required inventory = $30.2 + 0.25*projected sales

Req.Inv = $30.2 + 0.25($805)

Req.Inv = $231.45

Inventory turn over = projected sales/Req.inv

$805/$231.45

Inventory turn over = 3.48 times

8 0
2 years ago
An economy produces 1,000,000 computers valued at $2,000 each. Households purchase 200,000 computers, of which 100,000 are impor
Irina18 [472]

Answer:

$800 million

Explanation:

GDP = consumption (C) + investment (I) + government spending (G) + Net Export (NX)

Y = C + I + G + NX

The number of computers left is

= 1,000,000 - 200,000 (household) - 300,000 (businesses) - 300,000 (government) - 100,000 (Foreign)

= 100,000

This worth 100,000 × $2,000 = 200 million

                  300,000 computers × $2,000 = 600 million

Total of these two = 200 + 600 million

                              = 800 million

Therefore, the value of the investment component of GDP is $800 million.

7 0
2 years ago
A 3-year insurance policy costing $1,164 is taken out november 1, 1995. the property was sold on may 15, 1996, and the day of cl
Debora [2.8K]

To solve: If we assume there are 30 days in the month then the policy was held by the original owner from November 1st – May 15th which is 195 days. Assuming there are 30 days in the month there are 360 days in the year and that is equal to 1,080 for the insurance policy. If we divide the price of the policy, $1,164 by the amount of days the policy will be held for 1,080 then the policy is worth $1.08 a day. Next, take the amount of days the original owner held the policy and multiply it by the amount per day the policy costs (195)($1.08) = $210.60 Then, we need to subtract $210.60 from the full cost of the policy ($1,164 - $210.60) = $953.40 The buyer should pay the seller $953.40 at closing.

7 0
2 years ago
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