Section A 3. Assume that cereal and milk are complementary goods. The government begins to subsidize the production of oats, which is an input in the production of cereal.
For each of the following markets, draw a correctly labeled supply and demand graph and show the effect of the oat subsidy on the equilibrium price and quantity in the
short run
• The oats market
The cereal market
The milk market
of the demand for cereal is price elastic, how will total revenues for the cereal producers
change because of the government subsidy?
Overall revenue will increase because of the elastic markets sensitivity to price changes. The price decreasing would encourage more and more people to buy the product.
What is the formula for the cross-price elasticity of demand for cereal and milk? Will
the value of XED be (+) or (-)? Explain.

Big trail running company has started to produce running apparel in addition to the trail running shoes that they have manufactured for years. they feel that a departmental overhead rate would best reflect their overall manufacturing overhead usage. based on research the following information was gathered for the upcoming year: machining department finishing department estimated manufacturing overhead by department $ 600 comma 000 $ 400 comma 000 trail running shoes 440 comma 000 machine hours 11 comma 000 direct labor hours running apparel 60 comma 000 machine hours 39 comma 000 direct labor hours manufacturing overhead is driven by machine hours for the machining department and direct labor hours for the finishing department. at the end of the year, the following information was gathered related to the production of the trail running shoes and running apparel: machining department finishing department trail running shoes 442 comma 000 hours 10 comma 500 hours running apparel 57 comma 000 hours 40 comma 000 hours how much manufacturing overhead will be allocated to the trail running shoes

1. gar principles or "the principles"are intended to do what? a. foster an awareness of the hierarchical structure of the organization b. explain the best method of implementing biometric security techniques c. foster an awareness of the importance of good employee training d. foster an awareness of getting upper level management on board in understanding the need to implement an ig program e. foster an awareness of good record keeping principles

Why might a business based on a fad be a good idea? question 2 options: fads bring in the most customers. some fads are longer lasting than expected. fads have made some business owners incredibly wealthy. fads can take a business in a new direction.