answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vladimir79 [104]
2 years ago
12

Suppose that when the price of a 16 oz. to-go cup of gourmet coffee is $4.25, students purchase 750 cups per day. If the price d

ecreases to $3.75 per cup, which of the following is the most likely outcome?a. students would purchase fewer than 750 cups per day. b. student would continue to purchase 750 cups per day. c. students would purchase more than 750 cups per day. d. we do not have enough information to answer this question
Business
1 answer:
Olin [163]2 years ago
8 0

Answer:

c. students would purchase more than 750 cups per day.

Explanation:

As per the law of demand, an inverse relationship exists between price of a good and it's demand. If price of a good falls, keeping other factors affecting demand as constant, the quantity demanded of the good shall rise.

In the given case, quantity demanded of coffee is 750 cups per day at the price level of $4.25 per cup. When price falls to $3.75 per cup, the demand for coffee shall now rise. So ideally, more than 750 cups shall be purchased by students now.

You might be interested in
Ana is thinking about putting $200 in a savings account that earns 4% interest compounded semiannually. She wants to keep that m
rjkz [21]
Compound interest formula:
A = P * ( 1 + r/n ) ^(n t)
In this case:
A = $200 * ( 1 + 0.04/2 )^(2*2) =
= $200 * ( 1.02)^4 =
= $200 * 1.08243 = $216.49
Answer: At the end of the 2 years she will have $216.49.  
3 0
2 years ago
Read 2 more answers
Suppose you win the lottery and have two options: A. Take $1 million now. B. Take $1.2 million to be paid out as 300,000 now and
laila [671]

Answer:

A. Take $1 million now.

Explanation:

A. If we take $1 million now the present value of the money is $1 million.

B. If we choose to take $1.2 million paid out over 3 years then present value will at 10% will be;

$300,000 + $300,000 / 1.2 + $300,000/ 1.44 + $300,000 / 1.728

$300,000 + $250,000 + $208,000+ $173,611 = $931,944

The present value of option B is less than present value of option A. We should select option A and take $1 million now.

4 0
2 years ago
A bank of 10 machines requires regular periodic service. Machine running time and service time are both exponential. what is the
marishachu [46]

Answer:

hello your question lacks some details below is the complete question

A bank of 10 machines requires regular periodic service. Machine running time and service time are both exponential. Machines run for an average of 44 minutes between service requirements, and service time averages six minutes per machine

If operators cost $15 per hour in wages and fringe benefits and machine downtime costs $75 per hour in lost production, what is the optimal number of operators for this bank of machines?

A 1

B 2

C 3

D 4

E 5

Answer : 3 operators ( c )

Explanation:

number of machines = 10

machine run time for each = 44 minutes

service time = 6 minutes

cost of each operator = $15 per hour

loss during machine down time = $75 per hour

hence the optimal number of operators  

The total minutes the machine would work in a hour

= (60 - 6) * 10 = 540 minutes  

assuming we assign 180 minutes to each operator then each operator would cost = 15 * 3 = $45

for three operators that would be = 45 * 3 = $135

lost inquired during down time

= 6 minutes * 10 = 60 minutes  i.e the total cost inquired per hour = $75

hence 3 operators would be an optimal number of operators because the operators would work lesser hours and more efficiently as well

5 0
2 years ago
On January 1, Year 1, Abbott Company granted 92,000 stock options to certain executives. The options are exercisable no sooner t
Lilit [14]

Answer:

The amount of Compensation expense to Year 1 is $153,333.

Explanation:

Stock options granted                                       92000

X Fair value on date of grant                          5

Total compensation expense                       460000

Years                                                                    3    

Compensation expense per year 1                       53333

Therefore, The amount of Compensation expense to Year 1 is $153,333.

3 0
2 years ago
On January 2, Dixie, Inc., pays a salvage company $1,000 to haul away a machine costing $28,000 with accumulated depreciation of
Anuta_ua [19.1K]

Answer:

Explanation:

The journal entry is shown below:

Accumulated depreciation - machine A/c Dr $28,000

Loss on disposal of machine A/c $1,000

         To Cash $1,000

         To Machinery A/c $28,000

(Being the disposal of machinery is recorded)

For disposal of machinery, we debited the accumulated depreciation, loss on disposal of machine and credited the cash account and machinery account

6 0
2 years ago
Other questions:
  • Chandler Kumar owns two antique stores. One is in an upscale neighborhood, and its merchandise is artfully arranged and priced t
    7·2 answers
  • U.S. company buys inventory from a supplier in Canada and pays for the inventory in Canadian dollars (C$). The inventory is conv
    15·1 answer
  • Suppose a flood changes the production capacity in a country. How would you represent this situation with a production possibili
    5·1 answer
  • A project has been assigned a discount rate of 12 percent. If the project starts immediately, it will have an initial cost of $4
    14·1 answer
  • During the month, Cellum, Inc. sold 100 cells at a price of $100 each. Each cell was sold at a 1% sales discount. Cellum had ret
    8·1 answer
  • Blue Spruce Corp. provides security services. Selected transactions for Blue Spruce Corp. are presented below.
    14·1 answer
  • On 1 July 2016 Liala Ltd sold an item of plant to Jordan Ltd for $450000 when its’ carrying value in Liala Ltd book was $600000
    12·1 answer
  • Assume the Atlas Corporation is expected to pay a $5 cash dividend next year. Dividends are expected to shrink at a rate of 3% p
    5·1 answer
  • Finally, help Anastasia by thinking of three professionals that can help her in the next steps of her course development. Do som
    9·1 answer
  • Mewing Company net sales revenue of $100,000, operating expenses of $50,000, and net income of $25,000. What is the percentage t
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!