Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

QUESTION 45 A market demand curve is likely to shift to the right when O average Income falls O prices fall O prices rise

image text in transcribed

QUESTION 45 A market demand curve is likely to shift to the right when O average Income falls O prices fall O prices rise O population increases New firms enter the market QUESTION 46 Chef Gary has been a pioneer of farm-to-table cooking. In fact, he used to be a farmer and decided that he wanted to use everything grown and raised on his farm to make the freshest fine cuisine possible. Sure, some of the spices and ingredients have to be sourced from elsewhere, but 90% of what is in Chef Gary's good is directly from his farm. He spent $2 million in savings and converted some of his many acres of farmland into a restaurant. He is the head chef and has a staff of about 10 people working for him. He pays his workers cash, but he does not pay himself a salary the profit of the restaurant is what he claims at the end W 4 E 4 MacBook Air R T Y 3 points 3 points

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Cost Management A Strategic Emphasis

Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins

7th edition

978-0077733773

Students also viewed these Accounting questions

Question

Write short notes on RMS Value of AC waveforms.

Answered: 1 week ago

Question

7. Write a note on electrical safety

Answered: 1 week ago

Question

8. What are the basic concepts of household wiring and explain?

Answered: 1 week ago

Question

Define deferred revenue. Why is it a liability?

Answered: 1 week ago

Question

1 Explain the role of communication in managing

Answered: 1 week ago