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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

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UA Hamburger Hamlet (UAHH) places a daily order for its high-volume items (hamburger patties, buns, milk, and so on). UAHH count
Assoli18 [71]

Answer:

730 items

Explanation:

The objective of the given information is to determine the number of hamburgers UAHH should order for the following conditions:

Average daily demand 600

Standard deviation of demand 100

Desired service probability 99%

Hamburger inventory 800

The formula for a given order quantity in a fixed period of time can be expressed as :

q = \overline d(L+T)+ z \sigma_{L+T}-I

where;

q =  order quantity = ???

\overline d = daily demand average = 600

L = lead time in days = 1

T = time taken = 1

z = no of standard deviation = ???

\sigma_{L+T} = standard deviation of usage in lead time and time taken = ???

I = present inventory level = 800

\sigma_{L+T} = \sqrt 2 × standard deviation of daily demand

\sigma_{L+T} = \sqrt{2} *100

\sigma_{L+T} = 1.4142 * 100

\sigma_{L+T} = 141.42 items

From the Desired service probability 99% = 0.99; we can deduce the no of standard deviation by using the excel function (=NORMSINV (0.99))

z = 2.33

From q = \overline d(L+T)+ z \sigma_{L+T}-I

q =600(1+1)+ 2.33*(141.42)-800

q =600(2)+ 2.33*(141.42)-800

q =1200+329.5086-800

q = 729.5086 items

q ≅ 730 items

Therefore; the  number of hamburgers UAHH should order from the following given conditions = 730 items

6 0
1 year ago
f the company estimates that it will need 55,480 pounds of raw material to satisfy production needs in March, then the raw mater
Rama09 [41]

Answer:

$5,548

Explanation:

Bonkowski Corporation

Estimated raw materials inventory balance at the end of February will be:

Raw materials inventory (ending) 5,548

(55,480 pounds × 10% )

Cost per pound $1.00

Hence:

Balance of Raw material inventory at the end of February will be:

$5,548 ×$1.00

=$5,548

4 0
1 year ago
Incline Company generated $4,900,000 in revenue selling 4,025 units of its only product. Each unit has a contribution margin of
Tpy6a [65]

Answer:

Instructions are listed below.

Explanation:

Giving the following information:

Incline Company generated $4,900,000 in revenue selling 4,025 units of its only product. Each unit has a contribution margin of $280. The company has fixed costs of $125/unit at the current production volume.

<u>First, we need to calculate the selling price per unit:</u>

Selling price= 4,900,000/4,025= $1,217.39

Now, we can calculate the contribution margin ratio:

Contribution margin ratio= contribution margin/ selling price

CMr= 280/1,217.39= 0.23

Finally, we can calculate the break-even point in dollars:

Break-even point (dollars)= fixed costs/ contribution margin ratio

Break-even point (dollars)= (125*4,025)/0.23= $2,187,500

5 0
1 year ago
Read 2 more answers
A price ceiling will have NO immediate effect if: a. it is set above the equilibrium price. b. the equilibrium price is above th
ioda

Answer:

A. Set above equilibrium price

Explanation:

A price ceiling is a mandatory maximum price that a seller is allowed to charge. Generally, a government may impose this in order to protect consumers, especially with regards to the purchase of essential goods.

If the price ceiling was set below the equilibrium price (option c) or if the equilibrium price is above the price ceiling (option b), it will immediately cause a shortage (option d) since the quantity demanded would be higher than the quantity supplied when the price falls. This is because people will be willing to purchase more since it is cheaper but suppliers will be willing to produce less due to lower profits. Hence, options b, c and d are eliminated.

Option A is correct because... (please refer attached diagram):

When the price ceiling is above the equilibrium price, suppliers are willing to supply more since they can make higher profits but consumers will reduce purchasing since it is expensive. However, it does not cause any immediate effect because it takes time for suppliers to be able to produce more and cannot be done immediately unless anticipated in advance. In the long run however, quantity demanded will fall from equilibrium quantity to D1 and quantity supplied will rise from equilibrium quantity to S1. Hence, causing a surplus between D1 - S1 in the long run.

4 0
2 years ago
Who determines who is authorized for access to areas containing sensitive devices/data/system
Alex Ar [27]

Answer:

Im thinking it is the FBI

Explanation: MY guess would point to the FBI bc they are the ones who come in on cyber related crimes. so i would say A is the correct answer

6 0
2 years ago
Read 2 more answers
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