Suppose that both of the events you have just analyzed are partly responsible for the increase in the price of hamburgers. Based on your analysis of the explanations offered by the two groups of students, how would you figure out which of the possible causes was the dominant cause of the increase in the price of hamburgers?.

Answers

Answer 1

It is likely that the increase in the price of hamburgers is related to the fact that demand is greater than supply.

What is the law of supply and demand?

It is an economic approach to understanding the economic factors that influence the quantity of a product supplied in a market and its price.

Therefore, when there is more demand than supply for a good available in the economy, it means a situation of scarcity, which makes prices rise.

Find out more about law of supply here:

https://brainly.com/question/26374465

#SPJ1


Related Questions

Two friends decide to start selling their drone camera aerial footage. Which economic question have they answered?

For whom to produce?
How much to produce?
How to produce?
What to produce?

Answers

The economic question that the two friends have answered is D. What to produce?

What is a economic question?

It should be noted that an economic question simply means the question that seeks answers to happenings in an economy.

In this case, the economic question that the two friends have answered is what to produce since they sold drone cameras.

Learn more about the economy on:

brainly.com/question/25745683

#SPJ1

Answer:

D.  What to produce?

Explanation:

Managers must recognize that motivating individuals today requires: Multiple select question. that all cultures and subcultures respond to the same methods familiarity with a variety of cultures from around the world that generations have different cultures understanding of different cultures within a country

Answers

Managers must realize that motivating individuals requires

understanding of different cultures within a country.familiarity with a variety of cultures from around the worldthat generations have different cultures.

What is culture?

This is a way of life of a group of people. The term has to do with the way that the people of the nation behave and what differentiates them from other people.

The culture around the work place is diverse due to the fact that the people are from various places in the world.

Read more on culture here:

https://brainly.com/question/25010777

#SPJ1

The control function of management (select all that apply): Multiple select question. gives workers the education and tools they need to make decisions measures performance relative to the planned objectives and standards takes corrective action when necessary rewards people for work well done

Answers

The control function of management are:

Takes corrective action when necessary.Measures performance relative to the planned objectives and standards.Reward people for work well done.

What is control function?

The control function of management helps those in authority check and ensure that any error observed are quickly corrected and also assist to prevent reoccurrence.

Hence, the control function of management are takes corrective action when necessary and measures performance relative to the planned objectives and standards.

Learn more about control function here : https://brainly.com/question/26743467

#SPJ1

what is a good way to ask your teacher for a better grade

Answers

Answer:

Ask for extra credit, or if you can redo your lowest grade. Explain to them any troubles you have had or having and that you want to try your hardest to get the best grade possible

Explanation:

A postaudit is a valuable process because blank______. multiple choice question. it forces companies to fire employees who made poor estimates during the decision making process it gives managers something to do after they are done with the decision-making process actual values can be used to determine if the project is performing as expected

Answers

A postaudit is a valuable process because Actual values can be used to determine if the project is performing as expected.

What is the purpose of the postaudit and audit process?

Postaudit is been done after an audit has been made to get the deep inspection needed about the project at hand.

Audit process help with the inspection of various books of accounts as well as other information that is needed to be go through as regards the project.

But with the postaudit,  Actual values can be known.

learn more about audit process at :

https://brainly.com/question/20713734

#SPJ1

Which nims structure develops recommends and executes?.

Answers

Answer:

Joint Information System (JIS) is a NIMS structure develops, recommends, and executes public information plans and strategies.

There is such a wide variety of desired goods and services in a market system because multiple choice 2 consumers change their minds frequently. individual wants are diverse. producers determine what to produce. there is always a need to produce something new and improved.

Answers

There is a variety of products in the market as the wants and needs of the individuals in an economy become diverse.

Option B is the correct answer.

What is a product?

Product refers to the goods manufactured by companies and sold by the retailers in the consumer market.

The companies in the digital world creating lots of new and innovative goods that attract the customers to buy more which results in an increase in their consumption needs. The consumption needs will then affect the wants of individuals and make them diverse and differentiated.

Therefore, the diversified wants of individuals are caused due to wide variety of products in the market.

Learn more about the product in the related link:

https://brainly.com/question/22852400

#SPJ1

When a doctor schedules you for a surgery and requests that the hospital have specific instruments and supplies for your procedure, who initiates the buying process

Answers

The doctor is responsible for supplying the required instruments for the surgery procedure.

What is the real meaning of a doctor?

A person certified to exercise medicine, as a physician, surgeon, dentist, or veterinarian. someone who has been presented with a doctor's degree can be called as Doctor. He is a Doctor of Philosophy.

The buying process of surgical equipment for the successful operation of a patient is initiated by the doctor and the hospital authorities.

Therefore, The doctor is responsible for supplying the required instruments for the surgery procedure.

learn more about doctors here:

https://brainly.com/question/9663298

#SPJ1

What is the area of the triangle below?
4
18

Answers

72 its because 4 x 18 equals 72

According to goal-setting theory, in order for goals to enhance motivation and performance they must be Multiple Choice recognized by monetary rewards. accompanied by feedback. tied directly to the principles of scientific management. put into the labor contract.

Answers

According to goal-setting theory, in order for goals to enhance motivation and performance they must be: B. accompanied by feedback.

What is motivation ?

Motivation is something that  help  to increase a worker or an employee  performance and  productivity.

For a goals which a company what to accomplish to enhance motivation  such goals must depend on the feedback received.

Therefore the correct option  is B.

Learn more about motivation here:https://brainly.com/question/6853726

#SPJ1

Identify the group that did not experience the Tragedy of the Commons.
a) Pilgrims who landed at Plymouth Rock
b) Cigarette companies in the U.S.
c) Taxpayers in the Savings and Loan Crisis in the 1990’s
d) Fisherman on the high seas
pls answer

Answers

The group that did not experience the tragedy of the Commons is Taxpayers in the Savings and Loan Crisis in the 1990’s. This is further explained below.

What is the tragedy of the Commons.?

Generally, tragedy of the Commons is simply defined as when overconsumption and underinvestment lead to a common pool resource's depletion, an issue known as the tragedy of the commons.

In conclusion, Taxpayers in the Savings and Loan Crisis of the 1990s were the only group to escape the tragedy of the commons.

Read more about tragedy of the Commons.

https://brainly.com/question/9680058

#SPJ1

Companies create a division of labor among employees in order to: 0 a. allow each employee to perform one task at a high level. b. gain access to more human and physical capital. c. reduce the opportunity cost for hiring new employees. o d. make it easier to shift employees between different jobs.

Answers

Companies create a division of labor among employees in order to allow each employee to perform one task at a high level

What is division of labor?

It involves Sharing of duties or job among individuals or employee.

An employee is allowed to handle a particular task for efficiency.

Therefore, Companies create a division of labor among employees in order to allow each employee to perform one task at a high level

Learn more on labor below?

https://brainly.com/question/25803580

#SPJ1

Competition among economic units ______. Multiple select question. should not occur within a market system diffuses economic power within the businesses and households that make up the economy. implies that producers can enter or leave an industry is not congruent with the concept of self-interest

Answers

The Competition among economic units diffuses economic power within the businesses and households that make up the economy.

What is Economy?

Economy refers to the area or the region which produces the goods and services. It implies to the wealth and the resources of the nation. It involves the management of the finances. for example :- the stock market system of the United States.

The competition among the business leads to the innovation of the new products and the services which in turn is beneficial for the customers. It diffuses the economic power as the income earned gores in the market and the household.

Thus it helps in the economic growth of the nation. Therefore the correct option is diffuses economic power within the businesses and households that make up the economy.

Learn more about Economy here:

https://brainly.com/question/2421251

#SPJ1

Andy has a parcel with an elevation that is substantially lower than most of the neighboring properties. in order to have the same view as neighboring parcels, a house built on his parcel will have to be 18 feet higher than the height limit for the zoning district. if he is to build such a house, he will need:

Answers

If Andy is to build a house with such an elevation, he will need a variance from the relevant authorities.

What is Variance?

This is defined as an exception to the set of rules a municipality applies to land use and development.

Andy wants to have the same view as neighboring parcels and will need to have the building elevated which is different from that of others is why he will need a variance.

Read more about Variance here https://brainly.com/question/26997143

#SPJ1

In the context of influence tactics, _____ is particularly effective for gaining support and resources for a new project.

Answers

In the context of influence tactics, consultation is particularly effective for gaining support and resources for a new project.

What is Consultation?

This refers to the external use of a person or source to gain knowledge or seek perspective about a particular thing.

Hence, we can see that in the context of influence tactics, the use of consultation is a very effective tool as it can be used to gather support and resources for a given project due to the involvement of external forces.

Read more about influence tactics here:

https://brainly.com/question/13931577

#SPJ1

In the project initiation phase, which document contains high-level details of the proposed project?

Answers

Answer:

Once the initiation phase has begun and you have been granted the go-ahead, you must develop your project charter, also known as the project initiation document (PID). The Project Charter legally permits the project's existence, delegated power to the Project Manager, and documented the high-level requirements, milestones, and success criteria. The project charter defines the project's goal and requirements. It contains information such as business requirements, major players and stakeholders, scope, objectives, and general aims.

Explanation:

The initiation phase includes all of the processes that must be completed before a project is approved and planning may begin. The idea is to define your project at a high level and connect it to the business problem you want to address. The project charter serves as a framework for defining project decisions and ensuring they are consistent with corporate objectives.

Ivanhoe Inc. issues an $720,000, 20%, 10-year mortgage note on December 31, 2022, to obtain financing for a new building. The terms provide for annual installment payments of $150,000.Prepare the entry to record the mortgage loan on December 31, 2022, and the first installment payment on December 31, 2023.

Answers

The entries in the books of Ivanhoe Inc. to record the mortgage loan on December 31, 2022, and December 31, 2023 are as follows:

Journal Entry:

December 31, 2022: Debit Cash $720,000

Credit Notes Payable $720,000

20%, 10-year mortgage note

December 31, 2023: Debit Notes Payable $150,000

Credit Cash $150,000

Transaction Analysis:

December 31, 2022: Cash $720,000 Notes Payable $720,000

20%, 10-year mortgage note

December 31, 2023: Notes Payable $150,000 Cash $150,000

Learn more about recording business transactions at https://brainly.com/question/17201601

#SPJ1

Question 10 (1 point)
when thor hears where his family is vacationing that summer, he is confused
because the location sounds terribly unappealing. his mom explains that they are
going because of the resort they booked, not the outside location. based on this,
what type of resort is thor's family most likely visiting?
orecreational resort
oreclusive resort
oresort town
odestination resort

Answers

In the given situation above, Thor's family is most likely to visit a recreational resort for summer vacations.

What is a recreational resort?

A resort, which is constructed or built in such a way that it facilitates leisure activities like a hobby or sports activities, which is generally for a short term period, is known as a recreational resort.

Hence, the significance of recreational resorts is given above.

Learn more about recreational resorts here:

https://brainly.com/question/27618662

#SPJ1

Kay Company budgets overhead cost of $4,104,000 for the next year. The company uses direct labor hours as its overhead allocation base. If 90,000 direct labor hours are planned for the next year, how much overhead would be assigned to a product requiring 5 direct labor hours

Answers

Based on the fact that Kay Company will use direct labor hours as its overhead allocation base, the overhead for a product with 5 labor hours is $228.

What is the overhead assigned to the product?

This can be found as:

= Total overhead cost / Number of labor hours x Product labor hours

Solving gives:

= 4,104,000 / 90,000 x 5

= 45.6 x 5

= $228

Find out more on assigning overhead costs at https://brainly.com/question/22812280.

#SPJ1

Select all the correct answer.
What type of factor of production is a bulldozer?
Oland
O labor
O capital
O entrepreneur

Answers

Answer:

capital

Explanation:

bulldozer is bought with capital.

It will be difficult to institute fiscal policy in a stabilizing manner because politicians will find:.

Answers

It will be difficult to institute a fiscal policy in a stabilizing manner because politicians will find that budget deficits are attractive during a recession, but they will be reluctant to run budget surpluses during an expansion.

What is a Fiscal Policy?

This refers to the use of government spending in order to influence and control economic conditions such as recession, etc.

Hence, we can see that the use of fiscal policies can be difficult to be used in a stabilizing manner because while they can be used to control recession, it is difficult to use them as budget surpluses during an expansion.

Read more about fiscal policies here:
https://brainly.com/question/6583917

#SPJ1

John is a registered agent with ABC Brokerage, a registered securities broker-dealer in the State. Mike is a registered agent of XYZ Insurance Brokerage, a registered insurance agency in the State. John is not registered with the State to sell insurance and Mike is not registered with the State to sell securities. Mike verbally agrees with John that Mike will tell his insurance clients to do their securities trades with John, for which John will pay Mike 25% of the commission charged to the customer. This is a violation known as:

Answers

In this question the violation that is committed here is what is called splitting commission.

What is splitting commission?

This can be described to be a commission that is split between two people or more.

The commission is split when the person that got the job decides to split with the other party that linked him up with a client.

Read more on commissions here:

https://brainly.com/question/25169847

#SPJ1

What was one benefit of the transcontinental railroad? it made cross-country travel times longer. it ended many risks of traveling cross-country. it stopped trade with asia.

Answers

The benefit of the transcontinental railroad was that it ended many risks of traveling across the country.

Why was the transcontinental railroad created?

The American railroad, was created in 1869, with an important innovation through the connection between the coasts of the Atlantic and Pacific oceans, having as benefits the expansion of commercial and passenger transport routes in America.

Therefore, the transcontinental railroad was built using mechanized technology in the 19th century, increasing the safety and speed of travel.

Find out more about transcontinental railroad here:

https://brainly.com/question/11433327

#SPJ1

what is plan and goal?​

Answers

Answer:

Plan can be defined as the steps that you have set or layed down to achieve a goal

While goal are those things that you have planned to achieve in a lifetime, goals are mainly priorities. hope this helps

Hilltop grading, an american construction firm, recently acquired another company, earth builders, in indonesia. the high-level managers at earth builders eventually quit because they could not cope with the domineering and straightforward approach of their american counterparts. this illustrates how acquisitions may fail because

Answers

Of culture clashes between the two companies

Prepare a dialogue on the topic Possibitics of Rural Tourism in Nepal "​

Answers

...Sky-Dive... creates new social and economic opportunities, awareness, improve the quality of rural life, and promote sustainable development of communities.

Henna Company produces and sells two products, Carvings and Mementos. It manufactures these products in separate factories and markets them through different channels. They have no shared costs. This year, the company sold 58,000 units of each product. Income statements for each product follow. Carvings Mementos Sales $ 974,400 $ 974,400 Variable costs 779,520 194,880 Contribution margin 194,880 779,520 Fixed costs 46,880 631,520 Income $ 148,000 $ 148,000 rev: 09_29_2021_QC_CDR-376 Required: 1. Compute the break-even point in dollar sales for each product. (Enter CM ratio as percentage rounded to 2 decimal places.)

Answers

The computation of the break-even point in dollar sales for each product is as follows:

Carvings = $234,400 ($46,880/0.2)

Mementos = $789,400 ($631,520/0.8)

What is the break-even point?

The break-even point represents the dollar sales or units at which the entity does not incur any loss or earn any profit.

At the break-even point, the total costs are equal to the total revenue.

Data and Calculations:

                                  Carvings     Mementos

Sales                         $ 974,400   $ 974,400

Variable costs             779,520       194,880

Contribution margin    194,880      779,520

CM Ratio                        20%             80%

Fixed costs                    46,880      631,520

Income                     $ 148,000   $ 148,000

Break-even point = Fixed costs/CM Ratio

Thus, the break-even points in sales dollars are Carvings, $234,400,, and Mementos, $789,400.

Learn more about the break-even point at https://brainly.com/question/15281855

#SPJ1

Bill pay powered by melio allows you to fund payments to vendors using which 3 methods?

Answers

Bill pay powered by Melio allows you to fund payments to vendors using the 3 methods of:

Debit card. Credit card.EFT from their bank.

What is Bill Pay powered by Melio about?

This is known to be a new feature that allows all users to book their vendor payments through the use of their Debit card, a Credit card, or EFT obtained from their bank and then it is used to issue or sends payment to their vendors.

Therefore, Bill pay powered by Melio allows you to fund payments to vendors using the 3 methods of:

Debit card. Credit card.EFT from their bank.

Learn more about Bill from

https://brainly.com/question/2933232

#SPJ1

Which loan type allows you borrow up to the cost of attendance, minus other aid you have received?.

Answers

A subsidized loan allows a borrower to borrow an amount up to the cost of attendance, minus other aids or benefits received by the person.

What is a subsidized loan?

A student loan, the facility of which is available only for students, allowing them to borrow any amount up to the cost of their attendance after subtracting the financial aids received, is known as a subsidized loan.

Hence, the significance of a subsidized loan is aforementioned.

Learn more about subsidized loan here:

https://brainly.com/question/2256061

#SPJ1

As the ceo of a mid-size airline, karyn knows that most commercial airplanes are manufactured by either airbus or boeing. To mitigate the ________ of the airline industry, karyn explores options for her company to manufacture its own airplanes.

Answers

To mitigate the bargaining power of suppliers of the airline industry, karyn explores options for her company to manufacture its own airplanes.

What is bargaining power of suppliers?

Bargaining power of suppliers occur when companies or organization are under pressure  when the price of the product they purchase from a supplier increase or when their is scarcity of the product.

Based on the scenario in order to mitigate Bargaining power of supplier karyn by telling the company to produce their own product.

Therefore to mitigate the bargaining power of suppliers the  company should  manufacture its own airplanes.

Learn more about Bargaining power of suppliers here:https://brainly.com/question/26500183

#SPJ1

Other Questions
Finley is reading a nonfiction text about the modern-day impacts of the electoral college. Which current event is most likely relevant to the text and best for a connection?a lecture about the origins of the democratic process in ancient Greece a local town-hall meeting where newly elected officials will be sworn into officea debate about the number of votes needed to win the upcoming presidential electiona protest at city hall where people are trying to convince officials to expand mail-in voting Who Were Often Attacked By The Germanic Armies?a) Franksb) Gothsc) Romansd) Hunse) VandalsBest Answer Would Be Marked As Brainliest What is the solution to the system of equations graphed below?(0, 4)(3, 1)(1, 3)(4, 0) Geometry: Solve for x Which, if any, of the substances had resonance structures? how many resonance did each substance have? ccl4 h2o co2 h2o2 ch4 c2h4 ch2o ch3oh ch3nh2 nf3 nh3 [nh4] [no2]- so2 of2 h2s sf6 icl5 1. Solve the following simultaneous equations using the matrix method.(a) LetA=(4 3) (2 5)(i) Determine the determinant of A(ii) Determine the adjoint of A(iii) Determine the inverse of A(iv) Hence, using the matrix method solve the following simultaneousequations4 3 = 62 + 5 = 16 She bring home too many trophy," lamented Auntie Lindo that Sunday. "All day she play chess. All day I have no time do nothing but dust off her winnings." She threw a scolding look at Waverly, who pretended not to see her. "You lucky you don't have this problem," said Auntie Lindo with a sigh to my mother. And my mother squared her shoulders and bragged: "Our problem worser than yours. If we ask Jing-mei wash dish, she hear nothing but music. It's like you can't stop this natural talent." Two Kinds, Amy Tan Which cultural value is creating conflict between Auntie Lindo and the narrators mother? Which evidence reveals the cultural value that is creating the conflict? statement best describes the central conflict in Amy Tans "Two Kinds? It is a character vs. nature conflict, as both the mother and the daughter struggle with living in a new country. It is a character vs. self conflict, as the daughter struggles to live up to the standards she sets for herself. It is a character vs. self conflict, as the mother wishes for a prodigy but also wants her daughter to be happy. It is a character vs. character conflict, as the mother wishes for an obedient daughter, while the daughter desires independence. Find the median and mean of the data set below:11,48,6,25,31 After picking up several staples with the device, what change would enable tony to drop the staples in the scrap metal bin? removing the battery removing the iron nail moving the wire loops closer together spreading the wire loops farther apart Write a letter to a famous actor requesting him/her to be the chief guest at your school's drama week. As the chief guest he/she will speak to the students on what it takes to be successful in life. Which verb phrase is in the future tense?O is laughingOwas laughingO will be laughinghad been laughing Select all the correct answers. Javier is preparing his resume for a network enginee list relevant experien El use a fancy font style for aesthetics mention all the certifications achieved list skills related to the job give importance to personal sition. Which three best practices should be employ? Reset Next Please answer, can give brainliest points Imagine you are creating an informational text about the effect of alcohol advertising on underage drinking. What form would you use to present your findings? What types of evidence and rhetorical devices would you include? Explain your reasoning. In this excerpt, what does exquisite mean? lolllll helppppp its probably simple buttttt NEED HELP ASAP!!!!A flavored drink is made using a mixture of a powder drink mix and water, with ratio of powder to water that is 3:2 based on weight. If 20 g of the powdered mix is needed for a certain amount of the flavored drink, how much water will be needed? Find the missing base of the triangle when the area is 94.5cm2 Q: Philip wants to be an architectural drafter, but he does not like working on computers. He prefers drafting by hand. Based on this lesson, what would be the best advice you could give Philip?A. Become a drafter, and work by hand as part of a cultural project.B. Learn the computer drafting programs. Computers are always going to be a part of your life C. Become a drafter, and keep working by hand. Some people will always prefer old-school methods.D. Find a different job for which you can use hand drafting skills, because they are not competitive in the drafting occupation.PLEEZE I REALLY NEED THE RIGHT ANSWER! WORTH 20 POINTS AND WILL GIVE BRAINLIEST! Match each civilization with one of its well-known achievements.MinoanEtruscanMycenaeanPhoeniciannavigated the Strait of Gibraltar using theshipbuilding methods and navigation skillsthat they perfected and are still used todayarrowRightbuilt maze-like palaces without any defensivewalls, which led historians to believe that theywere a peaceful societyarrowRightcreated weapons of war as described in Homers Iliad, which tells the legend of King Agamemnon leading the united city-states against the TrojansarrowRightmade artistic sarcophagi and highly advancedwater systems and roads that the Romanslater copied two types of joints watch out its 100 ponts and ill mark brainliet