why is this statement true: A drought in the Caribbean raises the total revenue that producers receive from the sale of coffee, but a drought only in Grenada reduces the total revenue that Grenadian producers receive
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why is this statement true: A drought in the Caribbean raises the total revenue that producers receive from the sale of coffee, but a drought only in Grenada reduces the total revenue that Grenadian producers receive
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- Climate change refers to long-term shifts in temperature, precipitation patterns, and other atmospheric conditions on Earth. It is primarily driven by human activities, such as the burning of fossil fuels, deforestation, and industrial processes, which release greenhouse gases like carbon dioxide and methane into the atmosphere. These gases trap heat, causing the planet's average temperature to rise-a phenomenon known as global warming. The consequences of climate change are far-reaching and include rising sea levels, more frequent and severe weather events, disruptions to ecosystems, and threats to food and water security. Addressing climate change requires global cooperation and concerted efforts to reduce greenhouse gas emissions, transition to renewable energy sources, and adapt to the changes already underway. Sustainable practices, such as energy conservation, reforestation, and investments in clean technologies, are essential for mitigating the impacts of climate change and…MAG Petroleum is an SME specialising in the sale of lubricants for industrial use. The company, which is owned and operated by Angelina, has just completed its third year operation. During this time, Angelina has sought to establish a reputation for the company as a supplier of high-quality lubricants. The efforts made by Angelina and her staff have proved successful, and her company has become one of the best and fastest growing privately owned company in Zambia. Angelina has concluded that in order to plan better for the growth of the company in the future, it is necessary to develop assistance that will enable her to forecast lubricant sales by month for up to one year in advance. Angelina has available data on the total lubricant sales that were realized during the previous three years of operation. These data are provided in Table Q2. (a) What forecasting method would you recommend to Angelina? Justify your choice. (b) Forecast sales for January through December of the…Read the scenario below and answer the questions that follow: Mahala Spices For 12 years now, the business has been importing spices from all over the world and packaging them in South Africa, to distribute them across the African continent. Although the business has grown significantly over the years, it was only once one of their spice offering was featured in a cooking competition; there was one episode where the contestant, a professional chef, mentioned that she used Mahala Spices in her winning dish for that episode. The judges gave good reviews about the spice enhanced the dish but yet did not disappear from the mix. Due to the show being shown across the world, Mahala Spices started getting orders from all over the world. This increase in volumes forced them to reconsider their supply chain, especially the logistics aspect of it. The business has noted a 7% increase in exports and a 12% increase in the import of ingredients. Q.1.1 Explain any 5 activities to be completed by the…
- According to data from Jackson and Crockett in 1964, there was less mobility in the United States in 1952 than in 1947? 1) true 2) falseDue to inflation in Australia in December 2019, the price for petrol increased from AUD1.35 to AUD 1.45. This caused petrol consumption to decrease from 2500 liters to2450 liters at a 7-Eleven Petrol Station in Sydney.Also, when the price for Hyundai 7.5kW Inverter Split System Air Conditioner (ReverseCycle) increased from AUD 950.00 to AUD 990.00; demand for these air conditionersfell from 2500 units to 2000 units.Following this condition, answer the questions below.i. Using the mid-point formula calculate the price elasticity of demand for petroland Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle).ii. Is the price elasticity of demand: elastic, unit elastic, or inelastic for eachcommodity (petrol and Hyundai 7.5kW Inverter Split System Air Conditioner(Reverse Cycle)? iii. Suppose the government decides to increase tax for petrol and Hyundai 7.5kWInverter Split System Air Conditioner (Reverse Cycle). Use two diagrams toexplain the incidence of the tax increase for…If a coffee company based in Norway wanted to import from Columbia what would they need to consider? What would be the potetnial issues of concern for the coffee company importing from Columbia?
- In the following situations graphically illustrate what happens to the market for blankets in St. Lucia and explain how equilibrium price and quantity is affected. A flood damages the cotton crop in St. Lucia. The price of comforters falls significantly. iii. A persistent heat wave occurred during the summer months. More efficient knitting machines were introduced on the market The number of blanket producers increase.Due to inflation in Australia in December 2019, the price for petrol increased from AUD 1.35 to AUD 1.45. This caused petrol consumption to decrease from 2500 litres to 2450 litres at a 7-Eleven Petrol Station in Sydney. Also, when the price for Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle) increased from AUD 950.00 to AUD 990.00; demand for these air conditioners fell from 2500 units to 2000 units. Following this condition, answer the questions below. i. Using the mid-point formula calculate the price elasticity of demand for petrol and Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle).ii. Is the price elasticity of demand: elastic, unit elastic or inelastic for eachcommodity (petrol and Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle)? iii. Suppose the government decides to increase tax for petrol and Hyundai 7.5kW Inverter Split System Air Conditioner (Reverse Cycle). Use two diagrams to explain the incidence of the tax…In 1985, Parveen Textile Mills Limited, Karachi, operated a high plant for the production of garments in different designs, colours and weights. The company exported its products solely to the US market, but with declining sales because of quota restrictions. The company was considering launching its goods in the German market. The market appeared to demand a wider range of styles and varieties and the smaller quantities. Mr. Qadir, the chairman of the company wanted to decide how he could meet this demand pattern profitably. Company Background Parveen Textile Mills Limited was one of the Pakistan’s largest manufacturers and exporters of garments. Its operations were fully integrated and had 8,000 employees. The United States and the Federal Republic of Germany were the most significant international markets. In the beginning the company sold its products abroad through agents. Over the years the company appointed its own officers to work in the international marketing division. This…
- Housing affordability is a critical issue in an economy like Australia. In order to address this issue, suppose the government wants to pursue two policy options. Policy one recommends that all rents be capped at a level below the market rent and renters get reduction in the rent payments by one fourth of the existing amount. Policy two, on the other hand, offers a subsidy to the landowners to encourage them to supply more affordable houses in the rental market. Critically assess both the policy options while stating the possible impacts on the price and the quantity of housing in the rental market.Compute the average time it takes to sell a car in the country discussed below. A high-end luxury car manufacturer sells 22,000 cars per year to four dealerships in four regions of a country. Assume 50 weeks per year. Out of this total sale, 30% of the cars are sold in North-Region, 23% are sold in East-Region, 11% are sold in West-Region, and the rest are sold in South-Region. On average there are 1,000 cars of this manufacturer in all dealerships. Out of this total inventory, 19% of the cars are in the dealership in North-Region, 30% is in East-Region, 11% is in West-Region, and the rest is in South-Region..Distributors of Jamaican products in the US, Canada and the UK say demand for Jamaican-made items is high, but exporters must meet the standards required for entry into the different markets. Overseas distributors are, therefore, urging local manufacturers to provide products with long shelf life and world-class packaging to maintain and increase market share. According to the Business Development Director of Dees Imports Ltd., Heather Chevannes, beverages, syrups, seasonings, ackee, and callaloo are among the Jamaican products that do well in the UK. She noted, however, that a product’s shelf life is always a concern when exporting food to the UK. “ All the products that we take from Jamaica must travel well,” she said. Chevannes was a panelist on the virtual Jampro Exporters Forum, “ Do Business Jamaica Webinar: Delivering World – class Export Products”, held on April 13, 2022. Dees Imports Ltd. Is said to be the largest exporter of Caribbean foods in the UK. Question Maslow's needs…