If the price of the kinds of tomatoes used to make tomato soup falls, then ceteris...
If the price of the kinds of tomatoes used to make tomato soup falls, then ceteris paribus the price that consumers pay for tomato soup will
a. rise
b. fall
c.be unaffected
Homework Answers
Ans: b ) fall
Explanation:
If the price of the kinds of tomatoes used to make tomato soup falls, then the cost of production of tomato soup will decrease. It leads decrease in supply price. As a result the price that consumers pay for tomato soup will fall.
Add Answer to:
If the price of the kinds of tomatoes used to make tomato soup
falls, then ceteris...
11. Cameras and film are complements. If the price of cameras falls, ceteris paribus, a) The...
11. Cameras and film are complements. If the price of cameras falls, ceteris paribus, a) The demand for cameras will increase. b) The quantity of film demanded will fall. c) The demand for film will rise d) The demand for film will fall. 12. When one moves along a demand curve, which of the following includes only variables that are assumed to be constant? Households' income, the price of the good, and tastes. a) b) Tastes, the number of buyers...
Question 40 An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price: To...
Question 40 An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price: To rise and quantity to fall. To fall and quantity to rise. And quantity to rise. And quantity to fall Question 41 Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the other good to: Increase and the equilibrium quantity of the other good to increase Increase and the equilibrium quantity of the...
7. If the demand for ramen noodles increases following a decrease in income, then: a. the...
7. If the demand for ramen noodles increases following a decrease in income, then: a. the law of demand does not apply to ramen noodles b. ramen noodles are normal goods c. ramen noodles are inferior goods d. ramen noodles and chicken noodle soup are substitute goods 8. Ceteris paribus, a decrease in the cost of producing yogurt will result in: a. an increase in the supply of yogurt b. a decrease in the supply of yogurt c. an increase...
Ceteris paribus, if demand and supply both increase at the same time, equilibrium price and equilibrium...
Ceteris paribus, if demand and supply both increase at the same time, equilibrium price and equilibrium quantity_ a. increases; may rise, fall, or stay the same, depending on the size of the two shifts. decreases; may rise, fall, or stay the same, depending on the size of the two shifts. c. may rise, fall, or stay the same, depending on the size of the two shifts; increases may rise, fall, or stay the same, depending on the size of the...
Part 2: Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During...
Part 2: Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer, the joint costs of processing the tomatoes were $420,000. There was no beginning or ending inventories for the summer. Production and sales value information for the summer were as follows: Product Cases Additional Costs Selling Price Ketchup 100.000 $3.00 per case $28 per case Juice 150,000 5.00 per case $25 per case Canned 200,000 2.50 per case 10 per case Required: a....
Fall 2019 Economics 2100 MY9 Section First Exam - Version A "I used to take the...
Fall 2019 Economics 2100 MY9 Section First Exam - Version A "I used to take the subway ten times a week and never took a cab. Now I have a high paying job so I go out more often than I used to. But I go in style. I take the subway five times a week and take a cab about fifteen times a week." It follows that for this person: cab rides and subway rides are both normal goods...
A machine used to fill cans of Campbell’s tomato soup (low salt) has the following characteristics:...
A machine used to fill cans of Campbell’s tomato soup (low salt) has the following characteristics: µ = 12 ounces and s = .5 ounces. a. Depict graphically the sampling distribution of all possible values of , where is the sample mean (point estimator) for 30 cans selected randomly by a quality control inspector. b. What is the probability of selecting a sample of 36 cans with a sample mean greater than 12.2 ounces?
Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer...
Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2018, the joint costs of processing the tomatoes were $420,000. There was no beginning inventory for the summer. Production and sales information for the summer is as follows: Production(# Product of cases) Sales (# of cases) Sales Value at Splitoff Point Separable Costs Final Selling Price 80,000 $6 per case Catsup 100,000 120,000 Juice 150,000 $8 per case $3.00 per Catsup Premium $23...
evens only 1. What is the difference between Change in quantity demanded and Change in demand? 2. True or false? As the price of oranges rises, the demand for oranges falls, ceteris paribus. Expl...
evens only
1. What is the difference between Change in quantity demanded and Change in demand? 2. True or false? As the price of oranges rises, the demand for oranges falls, ceteris paribus. Explain your answer 3. With respect to each of the following changes, identify whether the demand curve will shit rightward or leftward: a An increase in income (The good under consideration is a normal good) b. A nse in the price of a substtute good C. A...
Tomato weights and Fertilizer: Carl the farmer has three fields of tomatoes, on one he used...
Tomato weights and Fertilizer: Carl the farmer has three fields of tomatoes, on one he used no fertilizer, in another he used organic fertilizer, and the third he used a chemical fertilizer. He wants to see if there is a difference in the mean weights of tomatoes from the different fields. The sample data is given below. The second table gives the results from an ANOVA test. Carl claims there is a difference in the mean weight for all tomatoes...
11. Cameras and film are complements. If the price of cameras falls, ceteris paribus, a) The demand for cameras will increase. b) The quantity of film demanded will fall. c) The demand for film will rise d) The demand for film will fall. 12. When one moves along a demand curve, which of the following includes only variables that are assumed to be constant? Households' income, the price of the good, and tastes. a) b) Tastes, the number of buyers...
Question 40 An increase in the supply of gasoline, ceteris paribus, will cause equilibrium price: To rise and quantity to fall. To fall and quantity to rise. And quantity to rise. And quantity to fall Question 41 Assume two goods are substitutes. Ceteris paribus, a decrease in the price of one good will cause the equilibrium price of the other good to: Increase and the equilibrium quantity of the other good to increase Increase and the equilibrium quantity of the...
7. If the demand for ramen noodles increases following a decrease in income, then: a. the law of demand does not apply to ramen noodles b. ramen noodles are normal goods c. ramen noodles are inferior goods d. ramen noodles and chicken noodle soup are substitute goods 8. Ceteris paribus, a decrease in the cost of producing yogurt will result in: a. an increase in the supply of yogurt b. a decrease in the supply of yogurt c. an increase...
Ceteris paribus, if demand and supply both increase at the same time, equilibrium price and equilibrium quantity_ a. increases; may rise, fall, or stay the same, depending on the size of the two shifts. decreases; may rise, fall, or stay the same, depending on the size of the two shifts. c. may rise, fall, or stay the same, depending on the size of the two shifts; increases may rise, fall, or stay the same, depending on the size of the...
Part 2: Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer, the joint costs of processing the tomatoes were $420,000. There was no beginning or ending inventories for the summer. Production and sales value information for the summer were as follows: Product Cases Additional Costs Selling Price Ketchup 100.000 $3.00 per case $28 per case Juice 150,000 5.00 per case $25 per case Canned 200,000 2.50 per case 10 per case Required: a....
Fall 2019 Economics 2100 MY9 Section First Exam - Version A "I used to take the subway ten times a week and never took a cab. Now I have a high paying job so I go out more often than I used to. But I go in style. I take the subway five times a week and take a cab about fifteen times a week." It follows that for this person: cab rides and subway rides are both normal goods...
Red Sauce Canning Company processes tomatoes into catsup, tomato juice, and canned tomatoes. During the summer of 2018, the joint costs of processing the tomatoes were $420,000. There was no beginning inventory for the summer. Production and sales information for the summer is as follows: Production(# Product of cases) Sales (# of cases) Sales Value at Splitoff Point Separable Costs Final Selling Price 80,000 $6 per case Catsup 100,000 120,000 Juice 150,000 $8 per case $3.00 per Catsup Premium $23...
evens only
1. What is the difference between Change in quantity demanded and Change in demand? 2. True or false? As the price of oranges rises, the demand for oranges falls, ceteris paribus. Explain your answer 3. With respect to each of the following changes, identify whether the demand curve will shit rightward or leftward: a An increase in income (The good under consideration is a normal good) b. A nse in the price of a substtute good C. A...
Most questions answered within 3 hours.
-
Assume Kw = 1.01 ✕ 10−14
For pure water, we can calculate [H3O+ ] = [OH...
asked 46 minutes ago -
Suppose that on a temperature scale X, water boils at 203.0°X
and freezes at -105.7°X. What...
asked 1 hour ago -
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 2 hours ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 3 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 3 hours ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 4 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 6 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 6 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 6 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 6 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 6 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 6 hours ago