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miss Akunina [59]
2 years ago
14

Suppose that coffee growers sell 200 million pounds of coffee beans at $2 per pound in 2015 and 240 million pounds for $3 per po

und in 2016. Based on this information, we can conclude that the:______.a. law of supply has been violated. b. law of demand has been violated. c. demand for coffee beans has increased. d. supply of coffee beans has increased.
Business
1 answer:
VARVARA [1.3K]2 years ago
3 0

Answer: C) the demand for coffee beans has increased

Explanation:

The law of supply states that: "all things being equal" the higher the price the higher the quantity supplied and the lower the price, the lower the quantity supplied.

Coffee growers sold just 200 million pounds of coffee when the price was $2 per pound but they increased their supply of coffee to 240 million pounds when the price per pound is $3.

This is an evidence to show that suppliers supply more products when price increase in order for them to make more profits.

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Jeffries Roofing: In its proposals, Jeffries Roofing describes the materials to be used and the price. When a customer signs a b
Cerrena [4.2K]

Answer:TRUE

Explanation: A bid is a proposal made by a supplier or contractor to another Organisation who wants to the service or the product of the bidder. A bid is usually requested from different parties and it is contested by the bidders any successful bidder wins the Project or contract.

A bid that is signed by the automatically becomes binding and can be tendered in the court as a legal document.

7 0
2 years ago
Which of the following can cause an increase in the price of a discount bond? a. An increase in the YTM. b. A decrease in the YT
eduard

Answer:

b. A decrease in the YTM.

Explanation:

Price of the bond is calculated using present value of future cash flows. while calculating present values of the cash flows or price of the bond, we use YTM for discount purpose. As we that higher rate gives lower Present value and Lower rate gives higher present value. Interest rate behave inversely with present value. So the reduction in YTM will increase the price of the bond.

3 0
2 years ago
The turnout for a game is expected to reach 70,000 fans, of which 60 percent are expected to drive. an average of 2 fans come in
vladimir1956 [14]
First, calculate for the number of fans that would come to the event in their own vehicle. This is calculated by multiplying the number of fans by the percentage.
    N = (70,000 fans)(0.60) = 42000
The number of vehicles is calculated by dividing the answer obtained above by 2.
   n = (42000) / 2 = 21000

The number of vehicles in the satellite parking is the difference of 21000 and 9000 which gives us an answer of 12000. Since each satellite parking will accommodate 1500, dividing 12000 by 1500 is 8.

ANSWER: 8 satellite parkings
4 0
2 years ago
Read 2 more answers
Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his f
IgorLugansk [536]

Matthew manages the sales team at an information technology (IT) firm. His focus is to conduct business in accordance with his firm's mission and vision, while making as much money as possible for the firm and conforming to the basic rules of the society. He ensures that his actions embody ethical custom. In this scenario, Matthew's view of corporate social responsibility is most likely rooted in the <u>Utilitarian </u>tradition.

Explanation:

Utilitarianism is a ethical theory which talks about the right and the wrong actions of an individual.This theory advocates that the action that brings happiness to the society and also increases the utility in the society as a whole is called a morally correct action.

This theory was proposed by Jeremy Bentham and John Stuart Mill.

In simple words an action is termed as right if it promotes happiness in the society and is termed bad it it brings unhappiness in the society

So we can say that Matthew's view of corporate social responsibility is most likely rooted in the <u>Utilitarian </u>tradition.

8 0
2 years ago
When fashion fair cosmetics offers marketing assistance to resellers that buy its products, it is engaging in what type of promo
PIT_PIT [208]
When fashion fair cosmetics offers marketing assistance to resellers that buy its products, the promotional technique used is called the Push Sales Strategy. It is a technique where the manufacturers would "push" the products to the market by the supply chain to the consumer. These manufacturers are termed as wholesalers while the bridge to the consumers are called the retailers. With this type of strategy, incentives are being given to the retailers to motivate them of purchasing. Incentives can be discounts, premiums, buy-back guarantees and services like from the statement, marketing assistance. The other strategy is called the pull sales strategy where the manufacturer would make the consumers interested in their products.
3 0
2 years ago
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