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
umka21 [38]
1 year ago
7

A drought in California destroys many red grapes. As a result of the drought, the consumer surplus in the market for red grapes

Select one: a. increases, and the consumer surplus in the market for red wine increases. b. increases, and the consumer surplus in the market for red wine decreases. c. decreases, and the consumer surplus in the market for red wine increases. d. decreases, and the consumer surplus in the market for red wine decreases.
Business
1 answer:
Ira Lisetskai [31]1 year ago
4 0

Answer:

B

Explanation:

because if you raise it high enough you can get less people to buy seen it in a lot of places

You might be interested in
The key characteristic of organizational culture that addresses the degree to which people exhibit integrity and high ethical st
attashe74 [19]

Answer:

Integrity

Explanation:

Organizational culture consists of shared assumptions, values, and beliefs, which governs how people behave in organizations. These values determines how people behave in an organizational settings and there are different characteristics ranging from innovation, teamwork, stability etc. The main one that addresses degree people exhibit integrity and high ethical standards is Integrity.

8 0
1 year ago
Suppose that furniture production encompasses the following stages: Stage 1: Trees are sold to lumber company. $1,000 Stage 2: L
g100num [7]

Answer:

a)

<em>The value added at each stage</em>

Stage                          Value added($)

1                                   1000

2   (2000-1000) =         1,000

3   (6,000- 2000) =      4,000

4    (10,000 - 6,000) =   4,000

b)

The amount by GDP is increased = $10,000

c) Reduce GDP

Explanation:

Gross domestic product (GDP) which is the total market value of all the final goods and services produced in a country over a given period of time. The GDP can be calculated using the value added approach.

Here the GPD figure is ascertained by summing the amount of additional value created by each factor of production at each stage of the production process of the final product.

a)

<em>The value added at each stage</em>

Stage                          Value added($)

1                                   1000

2   (2000-1000) =         1,000

3   (6,000- 2000) =      4,000

4    (10,000 - 6,000) =   4,000

b)

The amount by GDP is increased = $10,000 which is the total value added or the market value of the final goods

c)

If the lumber were imported it would be deducted from the value of export and thus reduce GDP.  Remember that GDP is the market value of all good and service produced within a given country over certain period of time .

3 0
2 years ago
Read 2 more answers
Falling barriers to international trade destroy manufacturing jobs in wealthy advanced economies. Discuss this statement. Do you
Ray Of Light [21]

Answer:

Yes. I agree

Explanation:

Due to a fall in barriers to international trade, <u>companies in wealthy advanced economies now find it easier to move their manufacturing activities to other countries</u> with lower labor rates so that they can reduce their manufacturing costs.

This move means that manufacturing companies in the wealthy advanced economies have reduced job opportunities and as such, workers in this industry will suffer.

7 0
1 year ago
Security A and Security B have similar risks. However, Security A has a higher rate of return than Security B. The return on Sec
svlad2 [7]

Answer:

The correct answer to the following question is option D) Excess return.

Explanation:

The rate of return can be defined as the gain or loss( net) that a company or business gets on the investment over a defined period of time. Where for taking out the rate of return , the formula which can be used is -

Current value - Initial value / Initial value  x 100

The rate of return helps in evaluating what is the investment growth rate of a company on a year to year basis and what are changes in revenues that have occurred.

When two security's have similar risk and if one security has higher return than other , then the difference between them would be called excess return.

8 0
2 years ago
Short Inc has 5,200 machine hours available each month. The following information on the company's three products is available:
Masteriza [31]

Answer:

a) Production schedule

Product 3 - 3000 hr × $22.5     = 67,500

Product 2  - 2000   × $ 17/hr  =   34,000

Product 1 -- 200 units × $15/ hr = 3,000

b) Possible maximum contribution margin

= $104,500

Explanation:

<em>The production schedule that will be maximize the profit for Short Inc is that which maximizes the contribution per unit if the scarce machine hours.</em>

Since Short Inc faces a limiting a factor in form of machine hours, it should allocate its its resources in such a way that maximises the contribution per unit of machine hours.

This is done below using a table:

<em>Product                         1                        2                           3</em>

<em>Contribution</em>                   45.00               54.00                   22.50

<em>Machine hour /unit</em>           3                        2                         1

<em>Contribution per h</em>r         15                  17/hr                    $22.5/hr

<em>Ranking</em>                           3rd               2nd                      1st

Production schedule:

<em>Prroduct           units                                  Machine hours required</em>

 3                3000             3000×1        =           3000

2                    1000             1000× 2      =           2000

1                       200             66.7                          <u> 200</u>

                                                                         <u>    5,200</u>

<em>Amount of machine hours available for product 1 is the a balance after allocation to Product 3 and Product 2. It is determined as follows:</em>

=5,200 - ( 3000 + 2000)

= 200 hours

Units of product 1 to be produced = 200/3 = 66.7 units

Optimum production schedule

Product 3 - 3000 units

Product 2  - 1000 units

Product 1 --66.7 units

B)  Maximum possible contribution margin

Product 3 - 3000 hr × $22.5     = 67,500

Product 2  - 2000   × $ 17/hr  =   34,000

Product 1 -- 200 units × $15/ hr = 3,000

Total maximum contribution = $67,500 + $34,000 + $3000

                                                = $104,500

4 0
2 years ago
Other questions:
  • Joe bought a stock at $57 per share. the price promptly fell to $55. joe held on to the stock until it again reached $57, and th
    7·1 answer
  • Selling and pledging accounts receivable LO C3 On June 30, Petrov Co. has $128,700 of accounts receivable. July 4 Sold $7,245 of
    8·1 answer
  • Which of the following statements about decomposition is the least true? Decomposition involves structuring and organizing the W
    9·1 answer
  • A random sample of 81 automobiles traveling on a section of an interstate showed an average speed of 60 mph. The distribution of
    7·1 answer
  • You are due to receive a lump-sum payment of $1,350 in four years and an additional lump-sum payment of $1,450 in five years. As
    13·1 answer
  • Suppose that the consumer price index in Eastlandia rises from 150 to 159 over the past year, and that the city sets its car reg
    12·1 answer
  • You purchase a put option on Swiss francs for a premium of $.02, with an exercise price of $.61. The option will not be exercise
    7·1 answer
  • 6. Harris Corporation is an all-equity firm with 100 million shares outstanding. Harris has $250 million in cash and expects fut
    14·1 answer
  • Consider the following scenario:
    15·1 answer
  • Mostert Music Company had the following transactions in March:
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!