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a_sh-v [17]
2 years ago
11

The winds of the recent hurricanes in Florida are bringing significant financial gain to California orange growers. Due to the e

xtensive damage to the Florida orange crop, many oranges were destroyed. The ones remaining were just as good as the previous oranges. California oranges are commanding their highest prices ever." If Florida and California oranges are substitute goods, which of the following statements best explains the economics of the quotation?a. the demand for Florida oranges has been reduced, causing their prices to fall and therefore increasing the demand for the substitute California orangesb. The supply of Florida oranges has decreased, causing the supply of California oranges to increase and their prices to risec. The demand for Florida oranges has been reduced by the hurricanes, causing a greater demand for the California oranges and an increase in their priced. The supply of Florida oranges has decreased, causing their price to increase and the demand for the California oranges to increase also
Business
1 answer:
Vedmedyk [2.9K]2 years ago
6 0

Answer:

The correct answer is option d.

Explanation:

Unfavorable weather in Florida has adversely affected the production of Florida oranges. The decline in production has led to reduced supply of Florida oranges. This decrease in supply will lead to an increase in the price.  

As Florida oranges and California oranges are substitutes, with the increase in the price of Florida oranges will lead to an increase in the demand for California oranges as people will prefer the cheaper substitute.

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Glen found three brands of earbuds that have the specifications he wants. The three pairs of earbuds looked a bit different from
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This is an example of product differentiation. There are many brands and companies, and each of them fight for the best price while making the best profit. The products are similar, but the only difference are the pricing of the product.

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2 years ago
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Morris is a software engineer for a manufacturer. He wrote a program for the accounting department. During the testing phase, he
Lyrx [107]

Answer:

The principle of the Software Engineering Code of Ethics that Morris has violated is:

the Product principle.

Explanation:

The Product principle requires that Morris' program (product and related modifications) should meet the highest professional standards.  Staying within budget and rationalizing an error as minor are not requirements of the Software Engineering Code of Ethics that Morris subscribed to.

Other requirements of the code include acting in the best interest of the public, client, and employer; maintaining high product standards; integrity and independence in professional judgment; using an ethical approach; maintaining professional integrity and independence; being fair and supportive to colleagues; and ensuring participation in lifelong learning.

5 0
1 year ago
A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of pya, where a 5 pd2y4. if the load is kno
raketka [301]

Here is the correct question.

A cylindrical part of diameter d is loaded by an axial force p. this causes a stress of P/A, where A= πd²/4. if the load is known with an uncertainty of ±10 percent, the diameter is known within ±5 percent (tolerances), and the stress that causes failure (strength) is known within ±15 percent, determine the minimum design factor that will guarantee that the part will not fail.

Answer:

the minimum design factor that will guarantee that the part will not fail. = 1.434

Explanation:

Looking at the uncertainty; loss of strength must be raised to \dfrac{1}{0.85} due to the stress that causes the failure (strength)  is known within ±15% uncertainty.

Looking at the uncertainty; the maximum allowable load  must be reduced to \dfrac{1}{1.1} because the load is known with an uncertainty of ±10.

Looking at the uncertainty; the diameter must be raised to \dfrac{1}{0.95}  because the diameter is known within an uncertainty of ±5.

The decrease in the maximum allowable stress can be estimated as:

\sigma' = \dfrac{P'}{A'}

where,

\sigma = stress

P = load

A = cross-sectional area of the cylinder

∴

\sigma' = \dfrac{P'}{\dfrac{\pi}{4}(d')^2}

replacing P' with \dfrac{1}{1.1}P   and d' with \dfrac{1}{0.95}d, we have:

\sigma' = \dfrac{(\dfrac{1}{1.1})\times p }{\dfrac{\pi}{4}(\dfrac{1}{0.95 } d)^2 }

\sigma' =\dfrac{P}{\dfrac{\pi}{4}d^2} (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times (\dfrac{\dfrac{1}{1.1} }{(\dfrac{1}{0.95})^2 }) }

\sigma' =\sigma \times 0.82045

\dfrac{\sigma' }{\sigma } =0.82045

Thus, the uncertainty in diameter and the load of the allowable stress needs to decrease to 0.82045

Now, the minimum design factor that will ascertain that the part will not fail can be computed as:

n_d = \dfrac{loss  \ of  \ function \  parameter }{maximum \  allowable \ parameter}

where;

the design factor = n_d

n_d =\dfrac{\dfrac{1}{0.85} }{0.82045}

the design factor  n_d = 1.434.

Thus,  the minimum design factor that will guarantee that the part will not fail. = 1.434

7 0
2 years ago
Janice jacobs is planning for her retirement. she knows what assets and liabilities she has now and expects to have in the futur
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The step in retirement planning that Janice is completing is "Developing a balanced budget based on her retirement income"

She is making a checklist of her expenses and income and what is the excess income she can keep for her interests. So, she is actually involved in making a budget for her retirement based on her income and anticipated expenses

3 0
2 years ago
Western Electric has 34,000 shares of common stock outstanding at a price per share of $83 and a rate of return of 12.80 percent
grin007 [14]

Answer:

11.03 %

Explanation:

Cost of Capital = Cost of equity x Weight of Equity + Cost of Preferred Stock x Weight of Preferred Stock  + Cost of Debt x Weight of Debt.

where,

Cost of equity =  12.80 %

Cost of Preferred Stock = 8.20 %

Cost of Debt =  8.20 x (1 - 0.40) = 4.92 %

also,

Total Market Value = 34,000 x $83 + 7,500 x $97.00 + $416,000 x 113%

                                = $2,822,000 + $727,500 + $470,080

                                = $4,019,580

Weight of Equity = $2,822,000 ÷ $4,019,580 = 0.70

Weight of Preferred Stock = $727,500 ÷ $4,019,580 = 0.18

Weight of Debt = $470,080 ÷ $4,019,580 = 0.12

therefore,

Cost of Capital = 12.80 % x 0.70 + 8.20 % x 0.18 + 4.92 % x 0.12

                         = 11.03 %

3 0
2 years ago
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