Many countries are predominantly agricultural. how would changes in the supply of fertilizer affect the marginal product, and thus the income, of farmers in such countries?

Q: This tractor part is often replaced if producers have income. What happens to the supply and demand…

A: The law of demand and the law of supply are two important concepts in microeconomics. The law of…

Q: A gasoline station very near a professional football stadium parks car to make money on game days.…

A: Elasticity of demand refers to the responsiveness of change in demand due to change in price. If the…

Q: new technology will most likely ?     shift the demand curve to the right shift the demand curve to…

A: The technological changes have strong impacts on the productivity of inputs. The positive…

Q: In what direction does the supply curve shift when technology is improved? Draw this curve.

A: Technology is an important determinant of supply. When technology is discovered, it reduces many of…

Q: The price of oil is currently over $80 per barrel and has been as high as $90 per barrel after Saudi…

A: Equilibrium refers to a state where the supply of a good or service matches its demand, resulting in…

Q: The introduction of new technology can affect the amount of supply a business will produce. Will it…

A: The supply schedule illustrates what the firms can produce at every price point and how much they…

Q: How does demand for business products differ fromconsumer demand?

A: Business products- The stuff businesses market and make profits are company goods. In other words,…

Q: Why does the collective behaviour of supply managers have such an impact on economic trends?

A: The flow of commodities and services is governed by the supply chain, which also incorporates all of…

Q: During the 1980s, most of the world’s supply of lysine was produced by a Japanese company named…

A: Given, U.S imported more than the 30,000 tones. Market price = $1.65 per pounds Demand: Q = 208-80P…

Q: what bring about an increase in the number of a new product in the Nigeria market

A: It is general known that a significant amount of organisational resources are invested in product…

Q: The oversupply of bananas in Mexico, which is recorded in the months of September and October,…

A: The increase in income that occurs from the sale of one more unit of production is known as marginal…

Q: What relationship, if any, can you detect between the facts that farmers’ fixed costs of production…

A: The law of supply established the quantity supplied of a good or service as a positive function of…

Q: Describe a microeconomic variable for Dairy product

A: Economics refers to a study of behavior of human beings to satisfy their unlimited wants for scarce…

Q: Why is there a price hike in sugar in the Philippines?

A: A rise in price expressed as a percentage of goods or services. The demand for goods increased as a…

Q: Which of the following would reduce the supply of microcomputers?     a technological improvement…

A: Supply is an upward sloping curve, showing how much quantity is supplied at different prices.

Q: Assume that crop rent gradients for three different crops are a function of crop type and soil…

A: Given ,  Rent Gradient for Broccoli = 3 - 0.02r  Rent Gradient for Spinach = 2 -0.005r  Rent…

Q: What if a t-shirt company ramped up production until there was a huge supply? What positive and…

A: A ramp up is a critical expansion in the degree of output of an organization's items or…

Q: Why would demand for steel may decline when demand for aluminum rises? What kind of relationship…

A:

Q: The cost of production of a good can increase, which will cause profits to decrease. Will it cause…

A: If the cost of production rises, then the supplier will face increasing costs for every unit of…

Q: S p' p* D →数量 Y* Y' ΧΧ M The supply function and demand function of a certain agricultural product…

A: Given: The supply function for the agricultural products is: S = 2p - 40 The demand function for the…

Q: How responsive is the supply of cabbage to a change in the wage rate in agriculture?

A: For computing the responsiveness of the cabbage to the wage rate we calculate the elasticity of the…

Q: A Resource is said to be non-scarce if the total demand for exceeds its total supply at zero price…

A: Scarcity: Shortage alludes to the essential monetary issue, the hole between restricted – that is,…

Q: When are government intervention or government regulations beneficial to consumers?…

A: The objective of the question is to understand the circumstances under which government intervention…

Q: A gasoline station very near a professional football stadium parks car on its lot to make money on…

A: We are going to comment on the Price elasticity of demand to answer this question.

Q: Identify the nature of supply relationship that nestle has tied up with the farmers in Ecuador?

A: Meaning of Microeconomics: The term macroeconomics refers to that situation under which the…

Q: What are the main characteristics of a lean supply system?

A: A lean supply system can be understood as a well-defined system that shows how a well-defined supply…

Q: Use a graph and a written description to explain what happens when an oil shortage leads to reduced…

A: The markets are the place where the sellers, or the suppliers of goods, services, and other products…

Q: Define the production factors with examples for Hajji Ali Farms in Bahrain

A: The factor of Production for farming are Natural Resources, labour and capital.

Q: According to the Italian economist Pareto, if I have 200 suppliers, how many suppliers can I expect…

A: In pareto theory,someone can be made better off only by worsening someone.

Q: Say whether the following statement makes Good Economic Sense, is Complete Economic Nonsense, or is…

A: The market is a place where the buyers and sellers together interact in the market place and as a…

Q: Make a supply and demand diagram where the drop of a price of a replacement negative growth in the…

A: According to the law of supply when price increases then there will be more supply of the products…

Q: What happens when capacity exceeds market demand?

A: Meaning of Demand and Supply: The term demand refers to the willingness of an individual to…