Assume a drought in the great plains reduces the supply of wheat. noting that wheat is a basic ingredient in the production of bread and that potatoes are a consumer substitute for bread, we would expect the price of wheat to:
a) rise, the supply of bread to increase, and the demand for potatoes to increase.
b) rise, the supply of bread to decrease, and the demand for potatoes to increase.
c) rise, the supply of bread to decrease, and the demand for potatoes to decrease.
d) fall, the supply of bread to increase, and the demand for potatoes to increase.
Answers: 2
Business, 21.06.2019 17:40
Find the expected net profit of an insurance company on a health-insurance policy if: the probability of a $5000 claim is 20%; the probability of a $1000 claim is 60%; the probability of a $20,000 claim is 10%, and the probability of no claim is 10%. the company charges $4000 for this coverage. interpret your answer.
Answers: 3
Business, 22.06.2019 13:20
Suppose your rich uncle gave you $50,000, which you plan to use for graduate school. you will make the investment now, you expect to earn an annual return of 6%, and you will make 4 equal annual withdrawals, beginning 1 year from today. under these conditions, how large would each withdrawal be so there would be no funds remaining in the account after the 4th withdraw?
Answers: 3
Business, 23.06.2019 00:00
According to the video, the gross national product had declined from $104 billion in 1929 to about in 1933.
Answers: 2
Business, 23.06.2019 00:40
The recognition of which of the following expenses exemplifies the application of matching expenses with the revenues they produced? multiple choice(a) cost of goods sold. (b) advertising.(c) president's salary.(d) research and development.
Answers: 3
Assume a drought in the great plains reduces the supply of wheat. noting that wheat is a basic ingre...
Arts, 30.10.2020 18:30
Mathematics, 30.10.2020 18:30
Mathematics, 30.10.2020 18:30
Mathematics, 30.10.2020 18:30
Mathematics, 30.10.2020 18:30
English, 30.10.2020 18:30
English, 30.10.2020 18:30
Chemistry, 30.10.2020 18:30
Mathematics, 30.10.2020 18:30
Mathematics, 30.10.2020 18:30
Mathematics, 30.10.2020 18:30