over the last three years, christmas tree prices have increased from an average of $35 per tree to over $75 per tree. how would a christmas tree farm and the overall industry respond to the price change under the following circumstances? be sure to explain how your answer depends on the elasticity of supply. a. the price increase is a result of an increase in demand from younger generations, mainly millennials, increasing their desire to purchase real christmas trees.

Answers

Answer 1

The supply is elastic, the farm and the industry will increase the production level to meet the increasing demand for Christmas trees.

The increase in demand from younger generations, mainly millennials, the price of Christmas trees has increased from an average of $35 per tree to over $75 per tree over the past three years. In response to this price change, the Christmas tree farm and the overall industry would take different steps based on the elasticity of supply. If the supply of Christmas trees is inelastic, the farm and the industry will benefit from the price increase by keeping the production and supply of Christmas trees unchanged. They could also invest in ways to enhance their tree’s quality, use advertising to make their tree more appealing to consumers, and benefit from the increase in demand. If the supply is elastic, the farm would respond by increasing their production to meet the demand for the trees in order to benefit from the increase in price. In conclusion, the Christmas tree industry’s response to the increase in demand for Christmas trees from younger generations depends on the elasticity of supply. If the supply is inelastic, the farm and the industry will benefit from the price increase by maintaining the production level of Christmas trees. If the supply is elastic, the farm and the industry will increase the production level to meet the increasing demand for Christmas trees.

Learn more about demand here:

https://brainly.com/question/30402955

#SPJ11


Related Questions

discriminatory practices by a real estate licensee is disallowed by

Answers

Discriminatory practices by a real estate licensee are disallowed by various laws and regulations that promote fair and equal treatment in the housing market. The primary legislation that prohibits discrimination in real estate transactions is the Fair Housing Act (FHA).

Enacted in 1968, the FHA aims to eliminate discrimination based on race, color, religion, sex, national origin, disability, and familial status. Real estate licensees must adhere to the FHA and other related laws to ensure that all individuals have an equal opportunity to access housing without being subject to discriminatory practices. These practices may include refusing to sell or rent, setting different terms or conditions, providing false information, or engaging in any other actions that would treat prospective buyers or renters unfairly based on their protected class.
Additionally, state and local laws may also prohibit discrimination in real estate transactions. Real estate licensees should be knowledgeable about these laws and their responsibilities to avoid engaging in any discriminatory practices. Failure to comply with these regulations may result in severe penalties, including fines, suspension, or revocation of the licensee's real estate license.
In summary, discriminatory practices by a real estate licensee are disallowed by the Fair Housing Act and other federal, state, and local laws. It is essential for real estate professionals to familiarize themselves with these regulations and follow them diligently to ensure equal access to housing for all individuals, regardless of their protected class.

Learn more about Fair Housing Act here:

https://brainly.com/question/30767792

#SPJ11

a. suppose that driving a car causes a $7,500 per car external cost on nondrivers. draw the social benefit curve that accounts for the external cost associated with driving.

Answers

To draw the social benefit curve that accounts for the $7,500 external cost per car on nondrivers, you should start by plotting the private benefit curve for driving (the demand curve). Then, you need to create a new curve (the social benefit curve) that is below the private benefit curve by exactly $7,500 at each point, representing the external cost.

First, plot the demand curve (private benefit) for driving, which shows the relationship between the number of cars on the road and the private benefit received by drivers. Next, create a new curve parallel to the demand curve but shifted downwards by $7,500 per car to account for the external cost imposed on nondrivers. This new curve represents the social benefit of driving, taking into consideration both the private benefit and the external cost. The difference between the private benefit and the social benefit curves illustrates the external cost associated with driving.

Learn more about the external cost: https://brainly.com/question/29871018

#SPJ11

Specialty Products Company has a high turnover rate among its employees, especially those
who are young parents. Solution to this problem

Answers

The company has to first investigate the reason why young parents are leaving the company. This is the first step towards resolving the issues of high turnover.

If it is because of the inability to care for their kids while at work, then the company can solve this problem by:

First modifying the company policy to allow mothers to bring their babies to work;Second, providing a safe place within the workspace for the children to play during work hours.Third, a flexible work structure can be given to young parents.

What is high turnover?

Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.

Turnover in human resources refers to the act of replacing one employee with a new employee. Termination, retirement, death, interagency transfers, and resignations are examples of separations between organizations and personnel.

Learn more about high turnover:
https://brainly.com/question/2309682
#SPJ1

which one of these is an example of a necessary debt

Answers

Answer:

An example of unnecessary debt is when you change your clothes and don't really need on a high-interest score. Thus option C is correct.

What is unnecessary debt?

An unnecessary debt can be caused by a variety of issues such as expensive life events, having children, or moving to a new house. It may also be due to poor money management. The debt is due to those things that are not needed and hence are unnecessary.

Explanation:

jia borrows $50,000 at 10 percent and must repay the loan by making four , equal endminus ofminusyear payments. the actual endminus ofminusyear loan payment is ________

Answers

The actual end-of-year loan payment is approximately $9,331.11.

Jia borrowed $50,000 at a 10% interest rate and plans to repay the loan over four equal end-of-year payments. Using the formula for an amortizing loan, we calculated the annuity factor for a four-year loan to be 5.359. Dividing the loan amount by the annuity factor, we found that each end-of-year payment would be approximately $9,331.11. This payment amount ensures that the loan will be fully repaid by the end of the fourth year.

Learn more about payment here;

https://brainly.com/question/32320091

#SPJ11

Deductions this week: federal tax $47. 89, fica $43. 02, state $5. 35. What is the annual federal tax deduction?.

Answers

A standard deduction is a single, predetermined-dollar amount deduction.

What is a tax deduction?

A provision that lowers taxable income is known as a tax deduction. A standard deduction is one lump sum deduction with a set dollar amount. Higher-income taxpayers generally have substantial deductible expenses, such as state and local taxes paid, mortgage interest, and charitable contributions, making itemized deductions popular among them.

The standard deduction is a defined amount that the government has established that you can deduct from your taxable income. The amount of income that is subject to tax is decreased when you provide this number on your yearly tax return. The standard deduction is adjusted for inflation each year and takes into account how you file your taxes.

To learn more about tax deduction refer to;

https://brainly.com/question/3350870

#SPJ4

Answer:

2, 490.28

Explanation:

Its simple math. 52 weeks in a year- times the amount of federal tax per week. :))

One management responsibility is to identify when to create ______, not simply when to mitigate it. Multiple choice question.

Answers

One management responsibility is to identify when to create opportunity, not simply when to mitigate it.

While it is important for management to mitigate risks and prevent negative outcomes, it is equally important for them to identify opportunities and take advantage of them. Opportunities can include new markets, innovative technologies, and emerging trends, among other things. By recognizing and creating opportunities, management can position the company for growth and success. This involves taking calculated risks and being willing to invest resources into new initiatives. In addition to identifying opportunities, it is also important for management to have a plan in place for how to pursue and capitalize on them. This may involve developing new products or services, expanding into new markets, or investing in research and development. By creating opportunities and being proactive about pursuing them, management can help ensure the long-term success of the company.

Learn more about responsibility here

https://brainly.com/question/15542056

#SPJ11

"modern technology is developed from traditional technology".Explain​

Answers

Answer:

We use various tools that we have adopted from early times. This can include the wheel, a very small example but a point proving one. It was a very old technological development, much to do with machinery though now we still use it in more advanced ways like the wheels of an aeroplane. Another technology development with meaning are computers. Earlier huge computers were used but when we see today they are more advanced in speed, accessibility and performance. Calculations were extremely hard to perform on earlier computers but when we see the much advanced laptop or p.c it is not very evident. Hope this helps you!

The ________ method adjusts net income to find net cash provided by operating activities.

Answers

Answer:

indirect

Explanation:

The indirect method adjusts net income to find net cash provided by operating activities.

write short notes by Napier bone ​

Answers

Answer:

Napier's bones is a manually-operated calculating device created by John Napier of Merchiston, Scotland for the calculation of products and quotients of numbers. The method was based on lattice multiplication, and also called 'rabdology', a word invented by Napier. Napier published his version in 1617.

Why is a dress code important for demonstrating professionalism?
A. Many in tech fields refuse to wear suits or professional clothing.
B. Many become defensive when they feel you're over-dressed.
C. Most will make snap judgments based on first impressions.
D. Many feel that those who dress poorly are too particular.

Answers

Answer:

C.

Explanation:

Most will make snap judgments based on first impressions.

(If you go to work in a crop top or in a speedo, then people will judge you).

Answer:

C. Most will make snap judgments based on first impressions.

Explanation:

QUE ES UN CHOQUE ELECTRO SEVERO
RAPIDO RAPIDO AYUDA POR FAVOR
ES DE ELTRICIDAD PERO LE PUSE ESA MATERIA PORFAVOR AYUDAME

Answers

Answer:

un choque electro es un choque electrico

Can I please get help with this???? I’m not sure if the two are right or not. Please help me!!!!

Can I please get help with this???? Im not sure if the two are right or not. Please help me!!!!

Answers

Answer:

I think the two you have are correct the second one is Chain restaurants i think

third one Franchise restaurants fourth one One location restaurants

Explanation:

To measure the strength of a currency, you can
measure the face value against what other
value?
A. market
B. intrinsic
C. foreign

Answers

C. Foreign

The face value of a currency compared to its purchasing power against other (inter)national currencies determines the currency’s strength
The answer is c foreignnnn

what type of federal funding is free money but is based on financial need only?

Answers

Answer:

Explanation:

Answer:

parks and recreation? brainliest?

Explanation:

Choose all that apply. The mortgage payment includes _____. taxes principal interest escrow PMI homeowner’s insurance

Answers

Answer:

taxes, principal interest, homeowner´s insurance.

Explanation:

Mortgage payments include four parts called PITI, Principal, which is the normal payment of the loan, or the payment needed that is debited to the loan, then the taxes, the interests, and the homeowners insurance, this 4 elements make up for the main monthly payments.

The mortgage payment includes taxes, principal interest, and homeowner’s insurance. The correct options are a, b, and d.

Taxes, principal interest, as well as homeowner's insurance are a few of the items included in the mortgage payment.

1. Taxes: A portion of the mortgage payment is towards property taxes, which typically go to the local government. Schools, roads, and essential services are just a few of the public services that are supported by these levies. 2. Principal and interest: The principal borrowed and the interest accrued by the lender are both paid back with a portion of your mortgage payment. The initial sum of money borrowed to buy the house is known as the principal, and the cost of borrowing the funds is known as the interest.

3. Homeowner's insurance: This sort of insurance shields you and your possessions against harm or loss brought on by calamities like fire, theft, or natural catastrophes. Your monthly mortgage payment includes a percentage for this insurance.

Learn more about payment, here:

https://brainly.com/question/32240326

#SPJ4

What types of planning can be done to improve a nation’s economy?
A nation can undergo ____ planning or ___ planning in order to improve its economy.

Answers

Answer:

A nation can undergo long-term planning or constructive planning in order to improve its economy. Long-term planning involves setting goals and implementing policies that will have an impact over a period of several years. This type of planning may involve investments in education, infrastructure, and research and development, among other areas. Constructive planning involves implementing policies that encourage economic growth and development, such as reducing barriers to trade, promoting entrepreneurship and innovation, and investing in key industries. These types of planning can help a nation to create jobs, increase productivity, and improve living standards for its citizens. THANK YOU

The usual purpose of an R-chart is to signal whether there has been a: ___________

a. gain or loss in dispersion.
b. change in the percent defective in a sample.
c. change in the central tendency of the process output.
d. change in the number of defects in a sample.
e. change in the consumer's risk.

Answers

It should be noted that usual purpose of an R-chart is to signal whether there has been a change in the percent defective in a sample.

An R-chart can be regarded as a type of control chart, which helps to know about change in the percent defective in a sample.

It is used to monitor the process variability and this is done at regular intervals from a process.

Therefore, option option B is correct because, with R-chart we can know whether there has been a change in the percent defective in a sample.

Learn more about R-chart at:

https://brainly.com/question/6247044

. How are jobs created in different economic systems?
• Market
• Mixed
• Command
Traditional

Answers

Answer:

it depends

Explanation:

it depends on the area the person stays

Internal information provides an understanding of factors outside of the organization
True False​

Answers

Answer:

false

Explanation:

Internal information is the information developed from activities that occur within the organization.

Definition

why are medical related profession and human resources important

Answers

With the theatrical max of 26 you’ll equal 55.

One of the justifications for government intervention in markets is the potential to improve on the market outcome in markets characterized by __________.

Answers

One of the justifications for government intervention in markets is the potential to improve on the market outcome in markets characterized by "market failure."

What is market failure? Market failure is the failure of the market to allocate resources effectively. In a free market, the market price of a product or service determines how much of it is produced, distributed, and consumed. However, this isn't always a good method, and in certain cases, the market fails to efficiently allocate goods and services. To address market failure, the government may intervene in markets to achieve a more efficient outcome. Market failure, in economic theory, occurs when the market fails to produce a socially optimal allocation of resources.

This occurs when the free-market system fails to achieve economic efficiency or does not generate the most desirable or ideal outcome. In such circumstances, the government may intervene in the market to make it more efficient or equitable. Market failure can result in a variety of issues. Externalities, public goods, and natural monopolies are among them. Market failure can occur due to a variety of reasons, including a lack of competition, information asymmetry, and transaction costs. Government intervention is necessary for such situations to correct market inefficiencies and promote social welfare.

For more such questions on government intervention

brainly.com/question/29039691

#SPJ11

Much of the data gathered through field research are based on?

Answers

Most of the data collection through field research is based not entirely on cause and effect but mostly on correlation.

Field research is defined as a qualitative data collection method aimed at observing, interacting with, and understanding people in their natural environment.

For example, conservationists observe animals' behavior in their natural environment and their reactions to specific scenarios.

Similarly, social scientists conducting field research can conduct interviews and observe people from a distance to understand how people behave in social settings and how they react to their surroundings.

Field research includes a variety of social research methods such as direct observation, limited participation, analysis of documents and other information, informal interviews, and surveys.

Field research usually begins in a specific environment, but the ultimate goal of the research is to observe and analyze specific behaviors of subjects in that environment.

However, the causes and consequences of specific behaviors are difficult to analyze in the natural environment due to the presence of multiple variables.

Most data collection is primarily based on correlation rather than solely on cause and effect.

Field studies look for correlations, but the small sample size makes it difficult to establish causality between two or more variables.

To learn more about field research, here:

https://brainly.com/question/23840359

#SPJ4

introduce national employment with its importance and examples​

Answers

Answer:

national employment. Employment created and provided by a national employer, business, company, enterprise, organization or national unity government in various areas of a country. National employment is a vital part of an economic system.

Explanation:

Employment created and provided by a national employer, business, company, enterprise, organization or national unity government in various areas of a country. National employment is a vital part of an economic system.

Hi what color should I paint my room or should I just leave it white?

Answers

Answer: I would say light blue but it depends on what kind of theme you are going for in your room.

Also light blue with clouds is what I want to paint my walls so that is the first thing to come to my mind

When would you include an executive summary in a report?

Answers

Answer: Is B. When the report is 30 Pages long

Explanation: because I know

A father owns a life insurance policy on his 15-year old daughter. The policy contains the optional Payor Benefit rider. If the father becomes disabled, what will happen to the life insurance premiums?

Answers

The Payor Benefit rider is a feature that provides coverage for the premium payer (in this case, the father) in the event of their disability.

When the father becomes disabled, this rider will ensure that the life insurance premiums on the daughter's policy are waived or paid by the insurance company during the period of the father's disability.

To summarize, if the father becomes disabled, the life insurance premiums for his daughter's policy will be taken care of by the insurance company, thanks to the optional Payor Benefit rider included in the policy.

This ensures that the daughter's life insurance coverage continues without interruption.

To know more about Payor Benefit rider refer here: https://brainly.com/question/9631137#

#SPJ11

Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.

Answers

Answer:

The net present value (NPV) of the decision to grant credit is $2,938,157.89.

Explanation:

Note: This question is not complete. The complete question is therefore provided before answering the question as follows:

Engi Sola Corp. Manufactures solar engines for tractor trailers. Given the fuel savings available, new orders for 125 units have been made by customers requesting credit. The variable cost is $9,700 per unit, and the credit price is $11,100 each. Credit is extended for one period. The required return is 1.9% per period. If Engi Sola extends credit, it expects that 30% of the customers will be repeat customers and place the same order every period forever, and the remaining customers will be one-time orders.

Calculate the NPV of the decision to grant credit.

The explanation of the answer is now given as follows:

Number of new orders = 125 units

Percentage of repeat order = 30%

Number of order that will be repeated forever = Number of new orders * Percentage of repeat order = 125 * 30% = 37.50 units

Credit price per unit = $11,100

Variable cost per unit = $9,700

Contribution margin per unit = Credit price per unit - Variable cost per unit = $11,100 - $9,700 = $1,400

Total contribution for all new order = Number of new orders * Contribution margin per unit = 125 * $1,400 = $175,000

Total contribution margin for order that will be repeated forever = Contribution margin per unit * Number of order that will be repeated forever = $1,400 * 37.50 = $52,500

Net present value (NPV) of total contribution margin for order that will be repeated forever = Total contribution margin for repeated order forever / Required return = $52,500 / 1.9% = 2,763,157.89

Net present value (NPV) of the decision to grant credit = Total contribution for all new order + NPV of total contribution margin for order that will be repeated forever = $175,000 + 2,763,157.89 = $2,938,157.89

Therefore, the net present value (NPV) of the decision to grant credit is $2,938,157.89.

Prompt What is advertising?

Answers

Answer:

An advertisement (often shortened to advert or ad) is the promotion of a product, brand or service to a viewership in order to attract interest, engagement and sales. Advertisements come in many forms, from copy to interactive video, and have evolved to become a crucial feature of the app marketplace.

Tyrrell's small lumber company aims to fulfill the economic foundation of business. What first step must his company take to achieve this goal?
-be a good corporate citizen
-save the environment
-obey the law
-earn profits
-do what is right

Answers

The  first step must his company take to achieve this goal is: earn profit.

What is profit?

Profit is what a person gain from the sell of products after deducting their expenses and other production cost.

In order for the company to achieve their set goals which is to fulfil the economic foundation business they need to first of all earn profits from their business.

Therefore the company needs to earn profit.

Learn more about profit here:https://brainly.com/question/24553900

#SPJ1

Other Questions
Which of these statement(s) are correct regarding cell junctions?1: Gap junctions are partially comprised of claudin and occludin proteins.2: Integrins connect neighboring cells together.3: Tight junctions are found between cells that form a barrier (i.e. lumen of GI tract).4: Integrins and cadherins are attached to cytoskeletal proteins. Juan starts at 10:30 AM and drives at a constant speed. At 12 noon he has traveled for 105 miles. If he continues at this constant speed for another five hours how far will he travel altogether? Will mark brainly if you helpP.s this is 6th grade math When comparing Germany and the United Kingdom to the United States, we could say the United States has a comparative advantage in _______ and _______ could be realized from trade. Why was the Louisiana gubernatorial election of 1896 such a controversial event? A) African American votes for the Populist candidate did not exist. B) Ballots were printed in only English and without a French translation. C) This was the first election that African Americans were allowed to vote. D) The Bourbon Democratic candidate was not on the ballot in half of Louisiana's parishes. Select the correct answer. Read the summary of "The Crab and its Mother" by Aesop. One day, a crab and his mother were resting by a pond when the mother happened to ask her son why he always walked sideways. She said to him that it is important to walk proud and straight just like all the other creatures. Upon hearing this, the young crab agreed to walk straight and asked his mother to demonstrate how to walk correctly, so that he could follow her. The mother crab tried walking straight several times, but all her attempts were futile, so at last, she gave up and apologized to her son for being judgmental. Which statement best describes the theme? A. It is valuable to help and not expect anything in return. B. It is easier to give advice than to follow the instruction. C. It is important to not give up despite difficult situations. D. It is worthwhile to inspire people to achieve their goals. 5. A group of friends are running arelay race that covers 31 miles. Ifeach person runs+mile, howmany runners are there? what is an operational definition? question 4 options: procedures to gather, evaluate, and organize information about the natural world. an integrated set of ideas that explain and predict broad aspects of human behavior or development. something that specifies how each variable in a study will be measured. with a two-phase commit strategy for synchronizing distributed data, committing a transaction is faster than if the originating location were able to work alone. T/F Which describes the molecule below?OA. A lipid with three unsaturated fatty acidsOB. A lipid with three saturated fatty acidsO C. A lipid with two unsaturated fatty acids and one saturated fattyacidO D. A lipid with two saturated fatty acids and one unsaturated fattyacid the insulin tolerance test is used to assess which one of the following hormones? Can you please help me out with a difficulty please help ! 1 & 2 :) Is this statement true or false?The 54th Massachusetts Regiment did not change Northern attitudes about blacks' ability to fight.truefalse Evaluate the expression?3 - (4 - 1) 50 Points! Multiple choice geometry question. Photo attached. Thank you! I really dont get this question can someone help me Graph BGraph201 2 3 4 5 6Time s)Time (s)0 1 2 3 4Time (s)Based on the graphs, choose True or False for each statement.a. Graph B shows a proportional relationshipbetween distance and time.True Falseb. In Graph A, the constant of proportionalitybetween distance and time is :True Falsec. Graph C shows an object that speeds up over time.True Falsed. The unit rate in Graph B is 2 feet per second.Falsee. An object represented by Graph A is moving fasterthan an object represented by Graph B.True False108Lesson 1 RetroportionalDOOTrue From teenagers who dont get enough sleep at higher risk for mental health problems A farmer sells 7.2 kilograms of pears and apples at the farmer's market. 3 4 of this weight is pears, and the rest is apples. How many kilograms of apples did she sell at the farmer's market? The radius of a circle is 6.5 ft. Find the circumference \textit{to the nearest tenth}to the nearest tenth.