Business, 22.02.2021 19:40 ethanseiter

Great Aloha a typical profit-maximizing goat farm (specializing in goat cheese) is operating in a Show more Great Aloha a typical profit-maximizing goat farm (specializing in goat cheese) is operating in a constant cost perfectly competitive industry that is in long-run equilibrium. a. Draw correctly labeled side-by-side graphs for the dairy market and for Great Aloha and show each of the following. Price and quantity for the industry Price and output for Great Aloha Assume that goat cheese is a normal good and that consumer income falls. Assume that Great Aloha continues to produce.
b. On you graphs in part (a) show the effect of the decrease in income on each of the following in the short run. Price and output for the industry Price and output for Great Aloha Area of loss or profit for Great Aloha Following the decrease in consumer income what must be true for Great Aloha to continue to produce in the short-run? Assume that the industry adjusts to a new long-run equilibrium. Compare the following between the initial and the new long-run equilibrium. Price in the industry Output of a typical firm The number of firms in the goat cheese industry

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 06:00

Select the correct answer a research organization conducts certain chemical tests on samples. they have data available on the standard results. some of the samples give results outside the boundary of the standard results. which data mining method follows a similar approach? o a. data cleansing ob. network intrusion o c. fraud detection od. customer classification o e. deviation detection

Answers: 1

Answer

Business, 22.06.2019 20:40

Asmall town wants to build some new recreational facilities. the proposed facilities include a swimming pool, recreation center, basketball court and baseball field. the town council wants to provide the facilities which will be used by the most people, but they face budget and land limitations. the town has $400,000 and 14 acres of land. the pool requires locker facilities which would be in the recreation center, so if the swimming pool is built the recreation center must also be built. also, the council has only enough flat land to build the basketball court or the baseball field. the daily usage and cost of the facilities (in $1,000) are shown below. which facilities should they build? facilityusagecost ($1,000)landswimming pool4001002recreation center5002003basketball court3001504baseball field2001005

Answers: 1

Answer

Business, 23.06.2019 04:10

Which of the following would not be listed under cash outflows in a financial plan?

Answers: 2

Answer

Business, 23.06.2019 06:10

The a/p clerk of a company writes the checks for vendors, and the controller signs the checks. the a/p clerk hasdevised a plan to give herself a raise. she creates a new vendor for her friend's business and creates two purchaseorders for random car detailing services for $75 and $70. she writes the checks to pay these new vendors knowing thecontroller will only pay close attention to checks over $100. she delivers the checks to her friend to deposit in his bankaccount, and then he writes her a personal check for the full amount of $145.ceventually, what will be the effect of her actions? what can the company do to prevent this type of behavior? due mondav

Answers: 1

Answer

You know the right answer?

Great Aloha a typical profit-maximizing goat farm (specializing in goat cheese) is operating in a Sh...

Questions