Short-run and long-run effects of a shift in demand Suppose that the tofu industry is initially operating in long-run equilbrlum at a price level of 55 per block of tofu and quantity of 175 milion blocks per year. Suppose a top medical journal publishes research that animal-alternative protein sources such as tofu could increase your expected lifespan by 3 years. The publication is expected to cause consumers to demand tofu at every price, In the short run, firms will respond by
Answers
The short run demand is a time period wherein the quantity of at least one input is fixed and the quantities of the opposite inputs can be varied. The long run is a period of time wherein the quantities of all inputs may be numerous.
The short run is the length at some point of which some inputs are constant and unchangeable, even as others are variable. The long term is the duration throughout which all inputs are variable. for example, imagine a employer, nice Bats, that makes wooden baseball bats. within the short run, excellent Bats has fixed in addition to variable inputs.
The long run is a time period in which all factors of manufacturing and costs are variable. in the end, companies are capable of regulate all costs, whereas within the short run firms are best able to influence costs through adjustments made to manufacturing stages.
Lengthy-time period call for forecasting is accomplished for greater than a yr. This allows identify and plan for seasonality, annual patterns, manufacturing ability, and enlargement over a longer period of time. This drives lengthy-term business approach (e.g., plans to release a facility or keep the world over and extend into new markets).
Learn more about short run demand here
https://brainly.com/question/29564447
#SPJ4
Related Questions
LEONE COMPANY Income Statement For Year Ended December 31 Sales Cost of goods sold Finished goods inventory, beginning Cost of goods manufactured Goods available for sale Less: Finished goods inventory, ending Cost of goods sold Gross profit General and administrative expenses Selling expenses Net income $ 84,000 84,000 92.000 $ 3,251,000 $ (8,000) 3,259,000 127.000 603,000 2,529,000
How do you find the cost of goods manufactured?
Answers
The cost of goods manufactured (COGM) is the cost of all the products that a company has manufactured during a period.
How to calculateIt is calculated by adding the beginning finished goods inventory to the total manufacturing costs, and then subtracting the ending finished goods inventory.
In the income statement you provided, the cost of goods manufactured is calculated as follows:
COGM = $92,000 + $3,251,000 - $127,000 = $3,224,000
Therefore, the cost of goods manufactured for Leone Company is $3,224,000.
Here is the formula for calculating COGM:
COGM = Beginning finished goods inventory + Total manufacturing costs - Ending finished goods inventory
The total manufacturing costs include direct materials, direct labor, and manufacturing overhead.
Read more about income statement here:
https://brainly.com/question/28936505
#SPJ1
Describe Bitcoin's performance for its first 6 years?
Answers
Answer:
Bitcoin (BTC) may not be worrying analysts with its latest price dip, but it will likely close its first negative month of April in six years this week despite hitting a new all-time high two weeks ago.
Data from monitoring resource Bybt shows that at -8.3%, April 2021 is Bitcoin’s worst April on record and the first since 2015 to make a loss.
Explanation:
Hope this helps
You are currently paying off a $5,000 car loan with a 5% fixed interest rate. Is inflation helping you or hurting you? Why?
Answers
If you are paying off a car loan with a fixed interest rate, then it can be inferred that inflation is helping you.
How does inflation affected fixed interest payers?Inflation refers to the general rise in the prices of goods and services over time. It therefore leads to the value of money reducing. For instance, thanks to inflation, the value of a dollar in 1988 is more than the value of a dollar in 2023.
If one is paying a fixed interest rate on a loan, it means that they are paying the same amount in interest regardless of inflation. This means that they are actually paying less because inflation has reduced the value of the amount they pay. There are therefore being helped.
Find out more on inflation at https://brainly.com/question/28499836
#SPJ1
Which nims is management characteristic
Follows established processes for gathering, analyzing, assessing, sharing, and managing data?
Answers
Answer: Information and Intelligence Management
Explanation:
Definition of meeting
Answers
Interaction with someone is called meeting..
according to me yes
What are examples of Information Technology careers?
Answers
Answer:
web developer
information security analyst
product safety engineer
computer user support specialist
computer programmer
some careers in information technology are listed below;
Computer TechnicianComputer EngineerWeb MasterProgrammerData ArtchiterComputer DesignerSoftware EngineerSoftware TrainerInformation technology TeacherIT ManagerThe table below shows Lanark's production possibilities.
A B C D E F
Wheat 0 180 315 405 450 468
Cars 190 181 163 127 73 0
a. If Lanark is producing 145 cars, it can produce approximately
wheat.
b. If Lanark is currently producing combination C, the cost of 90 more wheat is
(Click to select)
.
c. If Lanark is currently producing combination D, the approximate per unit cost of an additional car is
(Click to select)
. If necessary, round your answers to 1 decimal place. Remember to round 0.05 up to 0.10.
Answers
If Lanark is currently generating 145 buses, it can generate about 180 units of wheat. .
b. The cost of 90 further wheat is 90.
c. The approximate per unit cost of an fresh auto is 54.
To determine the approximate quantum of wheat Lanark can produce if it's presently producing 145 buses , we need to find the matching value in the" Wheat" column. Grounded on the given table, we can see that the values in the" buses" column drop from left to right. thus, we need to find the combination where the number of buses is closest to 145, which is combination B. In combination B, Lanark can produce roughly 180 units of wheat.
We can find the cost of 90 further wheat by comparing the wheat values between combinations C and D, If Lanark is presently producing combination C. The wheat value in combination C is 315, and the wheat value in combination D is 405.
The difference between these two values represents the fresh wheat produced when moving from combination C to combination D. In this case, the difference is 405- 315 = 90. thus, the cost of 90 further wheat is the difference between the wheat values in combination C and D, which is 90.
we can determine the approximate per unit cost of an fresh auto by comparing the auto values between combinations D and E, If Lanark is presently producing combination D. The auto value in combination D is 127, and the auto value in combination E is 73.
The difference between these two values represents the drop in auto product when moving from combination D to combination E. In this case, the difference is 127- 73 = 54.
thus, the approximate per unit cost of an fresh auto is the difference between the auto values in combination D and E, divided by the drop in auto product, which is 54/ 1 = 54.
For more such question on cost. visit :
https://brainly.com/question/28147009
#SPJ8
What amount must be set aside now to generate payments of $30,000 at the beginning of each year for the next 11 years if money is worth 5.95%, compounded annually? (Round your answer to the nearest cent.)
Answers
The amount that must be set aside in the present, to generate payments of $30, 000 for the next 11 years is $251,326.61
How to find the amount to set aside?The $30, 000 generated each year is an annuity which means that the amount to be set aside today is the present value of the annuity.
Because the payments come at the beginning of the year, this is an annuity due which means that we are looking for the present value of an annuity due.
This present value can be found as:
= Annuity amount x Present value of annuity due factor, 11 years, 5.95%
= 30, 000 x 8.38
= $251,326.61
Find out more on payments at https://brainly.com/question/18881415
#SPJ1
The Pizza Company is considering a new three-year expansion project. The key data are shown below:
The company hired a consulting firm to help evaluate the project and paid the consulting fee of $60,000. The company owns the space. If company did not invest in the project, it can receive after-tax rental fee for $300,000 per year for 3 years. However, if the
company invested in the project, it will use the space for the project.
The fixed cost to produce pizza is required at $150,000 per year.
It is estimated that 50,000 units will be sold in the first year and that 40,000 units and 30,000 units will be sold in the second and third years respectively.
Each pizza is expected to sell for $25 and the production cost will be $15 per unit.
The sales price and variable cost should increase with inflation. Expected inflation rate per year is 5%.
The project requires an initial investment in working capital of $500,000, which will be required in each year at 10% of revenue in the following year.
The purchase of the machinery at the start of the project is $1,000,000. The shipping and installation cost are $200,000. The machinery will be depreciated straight-line to zero. It is estimated that the machinery can be sold at the end of the project for $250,000.
To finance the project, the company would need to take a one-million dollar loan at 8% interest rate p.a. from HSBC over the life of the project. Annual interest expense is $80,000.
The corporate tax rate is 34%.
The Pizza Company is evaluating its cost of capital under alternative financing arrangements. In consultation with the consulting firm, the Pizza Company expects to be able to issue new Debt at Par with a coupon rate of 8% (coupons paid annually) and to issue new preferred stock with a $4 per share dividend at $32 a share. The common stock of the Pizza Company is currently selling for $22 a share while its book value is $6. The Pizza Company expects to pay a total
dividend of $525,000 for its 200,000 common shares outstanding next year. Market analysts foresee a growth in dividends of the company at the rate of 4% per year. The Pizza Company raises capital using 30% bond, 20% preferred stock, and 50% common stock
a. What is the cost of capital (WACC) of the Pizza Company?
b. Calculate the NPV of the project using the cost of capital calculated in part (a).
Should the project be accepted?
Answers
Answer:
dividend of $525,000 for its 200,000 common shares outstanding next year. Market analysts foresee a growth in dividends of the company at the rate of 4% per year. The Pizza Company raises capital using 30% bond, 20% preferred stock, and 50% common stock
a. What is the cost of capital (WACC) of the Pizza Company?
b. Calculate
The price elasticity of supply reflects the flexibility of firms to increase or decrease the quantity supplied.
Which of the following does NOT increase flexibility?
Answers
So far in this chapter, all of the elasticity metrics have been related to the demand side of the market. Knowing how sensitive the amount given is to a change in pricing is also helpful.
Let's say there is a surge in apartment demand. There will be a dearth of flats available at the previous level of rent, which will put pressure on rents to increase. With all other factors remaining constant, the lower the rise in rent necessary to address the shortfall and restore market equilibrium, the more sensitive the supply of available flats is to changes in monthly rates. In contrast, price would need to climb more if quantity provided is less responsive to price changes, resulting in a shortage brought on by a spike in demand.
To know more about elasticity visit:
https://brainly.com/question/28790459
#SPJ9
7. Which of the following is not one of the advantages of a table, chart, or graph?
A. They can be divided into many small segments.
B. They can display a lot of information in a small space.
C. They allow you to compare data.
D. They show trends in data.
Answers
Answer:
A
Explanation:
Olenka Corporation hires 13 individuals on March 12, 2020, all of whom qualify for the work opportunity credit. Nine of these individuals receive wages of $16,500 during 2020, and each individual works more than 400 hours during the year. The remaining four employees worked 100 hours and earned $2,100 during the year. a. Calculate the amount of Olenka's work opportunity credit. $fill in the blank 1 b. If Olenka pays total wages of $312,000 to its employees during the year, how much of this amount can Olenka deduct, 2020, assuming the work opportunity credit is taken
Answers
Answer:
a. $21,600
b. $290,400
Explanation:
a. The amount of work opportunity credit that can be claimed is subject to a limit of $6,000. 40% can be claimed for those who work 400 hours and above and none can be claimed for those who worked fewer than 120 hours.
= 9 employees * 6,000 limit * 40%
= $21,600
b. Deductible amount is:
= Total wages - Work opportunity tax credit
= 312,000 - 21,600
= $290,400
According to the extract, entrepreneurial activity includes developing and launching new businesses and marketing them, often with the end goal of selling the business to turn a profit. Based on this, indicate a product or service you plan to start a business with. Explain how you generated the business idea and determined the feasibility of the idea.
Answers
Developing a profitable company idea involves imagination, investigation, and cautious preparation.
How business idea is generated and its feasibilityTo generate a business idea, consider your interests, skills, and knowledge. Think about problems that you or others face in your daily life and whether there are potential solutions that could be turned into a business. Research the market to see if there is demand for the product or service you are considering and whether there are existing competitors.
To determine the feasibility of your business idea, conduct a thorough analysis of the potential costs and revenue streams. Create a business plan that outlines your goals, marketing strategy, and financial projections. Consider seeking advice from experts in your industry or consulting with a business mentor. It is also important to assess any legal or regulatory requirements that may apply to your business.
Overall, generating a successful business idea requires creativity, research, and careful planning. By considering your interests, skills, and market demand, you can identify a potential product or service that meets a need and has the potential to be profitable. With thorough analysis and planning, you can determine the feasibility of your idea and take steps towards launching a successful business.
Learn more on idea generation in business here: https://brainly.com/question/25462225
#SPJ1
Rent of $1,000 per month is paid for the next twelve months on October 1st, 1988. As a result of this transaction:
X: 1988 net income will decrease by $3,000
Y: 1988 equity will increase by $12,000
A. X
B. Y
C. Both
D. Neither
Answers
Answer:
the answer would be Neither
what is the future value of 1200$ a year for 40 years at 8% interest? assume annual compounding
Answers
Answer/Number(3):
C: "310,868"
Write an equation to solve and find the answer to the following rate problem. Show all of your work. A gardening store sells 6 plants per hour. How many plants they will sell in 5 hours?
Answers
Answer:
30 plants
Explanation:
The store sells six plants per hour; in 5 hours, the store will sell
i.e., 1 hr = 6 plants,
if 5 hr = 6 plants x 5
=30 plants
Answer:
21
Explanation:
The first step during a salary negotiation includes which of the following three moves: (Select all that apply)
Appreciate the current offer
Offer up a concession
Use a "Source of leverage"
Ask for what you want
Answers
The first step during a salary negotiation, which includes three moves is appreciate the current offer. The Option A is correct.
What is a salary negotiation about?Basically, a salary negotiation means the process where one party negotiates the amount of their pay, income, earnings, commission, salary, wages, wage remuneration, annual review or a salary raise with another party.
A salary negotiations often begin with an offer from a prospective employer. Typically, if the job candidate is going to negotiate for a salary, they should submit a negotiation between 24-72 hours after receiving an offer and should negotiate with only one representative from the company to eliminate confusion and mixed message.
The three main moves of a salary negotiation includes as follows: appreciate the current offer, ask for what you want and offer up a concession.
Read more about salary negotiation
brainly.com/question/28452844
#SPJ1
Which of the following are listed in a budget?
Available credit
Expenses and income
Stock and bond values
Public records information
Answers
The information that are listed in a budget are Expenses and income.
What does the term "budget" mean?A spending plan based on income and costs can be regarded as the budget it can be seen as projection of your income and expenses for a specific time frame, like a month or a year.
In business, budgeting can be seen as the process of estimating a company's expected earnings (the money the firm receives from selling goods and services) and expenditures (the money it spends on paying expenses and bills) over a predetermined period of time in the future.
Learn more about budget at:
https://brainly.com/question/6663636
#SPJ1
Answer: Expenses and income
Explanation:
_______________ tasks are non-repetitive in nature and involve considerable
application of knowledge, judgment, and expertise. As such, the teams draw their members from different disciplines and functional units, so that specialized expertise can be applied to the task(s) at hand.
1) Project teams
2) Management teams
3) Parallel teams
4) None of these make sense to me.
5) Work teams
Answers
Answer:
1) Project teams
Explanation:
Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service.
The fundamentals of Project Management are considered universal across most businesses and professions.
The fundamentals of Project Management includes;
1. Project initiation
2. Project planning
3. Project execution
4. Monitoring and controlling of the project
5. Adapting and closure of project.
Project teams comprises individuals or group of people that come together as a unit to take on a one-time and non-repetitive tasks that are generally considered to be often complex and as such would require input from members with different types of training, skills, knowledge competence and expertise.
This ultimately implies that, project teams tasks are non-repetitive in nature and involve considerable application of knowledge, skills, competence, judgment, and expertise.
Our company currenty makes and sells two products: A and B. The relative number of production and sales between A and B is 2:3. In other words, each time the company produces and sells two units of product A, it produces and sells three units of product B. The following cost information is available:
Unit Selling Price Unit Varible Cost Total fixed expenses
Company
$15,000
A B $11 $15 $5 $7
How much sales volume does the company need to make from Product B if it wants to achieve $3,000 profits? (Do not round intermediate calculations. Round the final answer to the nearest units.)
A. B. C. D. E.
1,500 units 1,340 units 893 units 1,000 units
None of the above
Answers
The number of sales volume in which the company need to make from Product B if it wants to achieve $3,000 profits is 1,500 units. The Option A is correct.
How much sales volume does the company need to make?Let x be the number of units of product A sold.
Then the number of units of product B sold would be 1.5x (since for every 2 units of A sold, 3 units of B are sold).
The total revenue would be:
= (selling price of A)x + (selling price of B)(1.5x)
= 11x + 22.5x
= 33.5x
The total variable cost would be:
= (variable cost of A)x + (variable cost of B)(1.5x)
= 6x + 10.5x
= 16.5x
The total contribution margin would be:
= Revenue - Variable Cost
= 33.5x - 16.5x
= 17x
Since the total fixed expenses are $15,000, the profit equation becomes:
"Profit = Contribution Margin - Fixed Expenses".
Let plug in the values
$3,000 = 17x - $15,000
$18,000 = 17x
x ≈ 1,059
So, the company needs to sell approximately 1,059 units of product A, which would result in the sale of 1.5(1,059) = 1,588.5 units of product B (rounding up to the nearest whole unit). Therefore, the company needs to sell about 1,589 units of product B to achieve a profit of $3,000.
Read more about sales volume
brainly.com/question/29432171
#SPJ1
H&R Block Tax Service is an example of which type of business.
a. Manufacturing
b. Wholesale
Retail
d. Service
Answers
Answer:
Service
Explanation:
c.social justice. 20:01 >>how social justice could help you fight social challenges
Answers
In order to combat societal issues, social justice enables civil society and activists to create equitable opportunities for everyone. Social justice may put an end to most ills, including voting suppression, homelessness, gender inequity, and violations of human rights.
In any society where activists fight to guarantee that everyone has an equal chance at success, social justice activities have long been a defining characteristic. This bolsters the idea that the persistent problems facing the globe may be resolved in a humanitarian manner.
Being a social activist is simple if you register as a volunteer with a local nonprofit, use social media to voice your opinion, create citizen journalism, take action to stop unfair practices, and accept that reality may go against what you believe.
Learn more about Social Justice here
https://brainly.com/question/15835405
#SPJ9
HELP HELP HELP 10 POINTS!!!!!!!!!!!!!! PICTURE PROVIDED!!!!!
Answers
Services
Durable
What are the dimensions of organizational climate in restaurant management?
Answers
Contrary to popular opinion, CEOs of major U.S. companies come from a wide variety of private universities and state universities, not just a handful of well-publicized MBA programs. What does this fact tell you about sources of power and organizational politics
Answers
Answer: Power is earned
Explanation:
The fact that so many influential CEOs come from such a wide array of universities shows that they had to work to get to where they are today and were not simply handed positions because of the university they came from.
It shows that if one wants to succeed in business, their alma mater does not matter. They could be from an Ivy league college or from a state college in Mississippi, what matters is their determination to work hard and gain a good track record that will take them all the way to the top.
Complete The Cash Flow Cycle
Answers
Answer:
i think you can do it
Explanation:
sorry
“Every agreement and promise enforceable at law are a contract”
There are different types of Contracts based on enforceability, formation, and performance. Explain all the types with examples.
Answers
Answer:
Explanation:
Contract:- A contract is an agreement between two or more parties. It is a written or legal agreement.
Thus for the formation of a contract, there must be-
a) an agreement
b) the agreement should be enforceable by law
All agreements are not enforceable by law and therefore, all agreements are not contracts. Some agreements are not enforceable by law.
Classification of Contracts
According to validity
Valid Contract
Illegal Contract
Void Contracts
Unenforceable Contract
According to Formation
Expressive Contract
Implied Contract
Quasi Contract
E-Contract
According to Performance
Executed Contract
Executory Contract
Unilateral Contract
Bilateral Contract
Valid Contract - Enforceable by a court of law
Void Contract - Not enforceable by a court of law
Illegal Contract - Void and forbidden by law
Unenforceable contract - Not enforceable by a court of law due to some technical error in the contract.
Express Contract - The contract is expressed through words whether oral or written
Implied Contract - When a contract is created by action or implication of law
Quasi Contract - The contract is expressed through words whether oral or written
E- contract - The contract is expressed through words whether oral or written.
Executed Contract - Performance did on part of all parties
Executory Contract - Performance is pending by one or more parties
Bilateral Contract - Performance is pending by both parties
Unilateral Contract - Performance is pending by one party
EXERCE1 Diffrentiate the legelities of private law and public law.
Answers
The main difference between the two is that private law deals with the relationships between individuals, while public law deals with the relationship between individuals and the state.
Private law covers matters such as contracts, property rights, and torts. It provides a framework for individuals to conduct their personal and business affairs, ensuring that everyone is held accountable for their actions. Private law is enforced through the civil courts, where individuals can seek redress for any wrongs that have been committed against them.
Public law, on the other hand, deals with matters that affect society as a whole. It includes constitutional law, administrative law, and criminal law.
Public law sets out the rules and regulations that govern the relationship between individuals and the state, as well as the relationship between different branches of government. It is enforced through the criminal justice system, where individuals can be prosecuted for breaking the law.
In summary, the main difference between private law and public law is that private law governs the relationship between individuals, while public law governs the relationship between individuals and the state. Both are essential for maintaining order and ensuring that everyone is held accountable for their actions.
For more such questions on private law visit;
https://brainly.com/question/8858425
#SPJ11
Consider total cost and total revenue, given in the following table:
In the final column, enter profit for each quantity. (Note: If the firm suffers a loss, enter a negative number in the appropriate cell.)
Total Cost Marginal Cost
(Dollars)
Quantity (Dollars)
0
1
2
3
4
5
6
7
5
6
8
11
15
20
26
35
05
06
07
Total Revenue Marginal Revenue
(Dollars)
(Dollars)
0
6
12
18
24
30
36
42
AAAAAAA
Profit
(Dollars)
In order to maximize profit, how many units should the firm produce? Check all that apply.
04
Answers
The solution to the given question when we consider total cost and total revenue, given in the following table:
The Financial TableQuantity | Total Cost | Marginal Cost | Total Revenue | Marginal Revenue | Profit
------- | -------- | -------- | -------- | -------- | --------
0 | 5 | 5 | 0 | 0 | -5
1 | 11 | 6 | 6 | 6 | 1
2 | 17 | 6 | 12 | 6 | 5
3 | 24 | 7 | 18 | 6 | 4
4 | 31 | 8 | 24 | 6 | -7
5 | 39 | 8 | 30 | 6 | -9
6 | 47 | 8 | 36 | 6 | -11
7 | 55 | 8 | 42 | 6 | -13
As you can see, the firm's profit is maximized at quantity 3. This is because the marginal revenue is equal to zero at this point, which means that the firm is not making any additional profit by producing more units. In fact, if the firm produces more units, it will actually start to lose money.
Therefore, the answer to the question is 3.
In summary:
The firm's profit is maximized at quantity 3.This is because the marginal revenue is equal to zero at this point.If the firm produces more units, it will start to lose money.Therefore, the answer to the question is 3.Read more about marginal revenue here:
https://brainly.com/question/13444663
#SPJ1
Which of the following describes a common factor between the following places where vanilla beans are grown: Mexico, Tahiti, Indonesia, India, Uganda, and Papua New Guinea?
They are all near Central America.
They are all islands.
They are Spanish-speaking.
They are all at least partially tropical.
Answers
Answer: they are all least partially tropical