You are an owner of a bakery, and you meet with other neighborhood bakery owners. Consider that fresh baked goods and processed baked goods are substitutes. In an attempt to increase sales, you collectively decide to lower prices of fresh baked goods by 10%. Which of the following are consequences of this price change?
a. The supply of fresh baked goods will decrease.
b. The quantity supplied of fresh baked goods will decrease.
c. Demand for processed baked goods will decrease.
d. The supply of fresh baked goods will increase.
e. The demand for fresh baked goods will not change.
f. The demand for fresh baked goods will increase.
Answers: 2
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University car wash built a deluxe car wash across the street from campus. the new machines cost $219,000 including installation. the company estimates that the equipment will have a residual value of $19,500. university car wash also estimates it will use the machine for six years or about 12,500 total hours. actual use per year was as follows: year hours used 1 3,100 2 1,100 3 1,200 4 2,800 5 2,600 6 1,200 prepare a depreciation schedule for six years using the following methods: 1. straight-line. 2. double-declining-balance. 3. activity-based.
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You are an owner of a bakery, and you meet with other neighborhood bakery owners. Consider that fres...
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