This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: Nutella and Hazelnuts A key ingredient of Nutella is hazelnuts which are grown mostly around the ... (Read 13 times)

mmm

  • Hero Member
  • *****
  • Posts: 558
on: Jul 1, 2018
Nutella and Hazelnuts A key ingredient of Nutella is hazelnuts which are grown mostly around the Black Sea in Turkey. Nutella uses about a quarter of the world crop. Two things have occurred recently. Nutella is becoming more popular worldwide and a frost destroyed much of this season's crop. How do these occurrences affect the market for hazelnuts?

Question 2

An oral auction
 a. is also called a Vickrey auction
 b. is conducted by bidders submitting a single sealed bid
 c. is where the sole remaining bidder wins and pays his winning bid
  d. all of the above


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Bsand8

  • Sr. Member
  • ****
  • Posts: 327
Reply #1 on: Jul 1, 2018
Answer to Question 1

The increased popularity of Nutella shifts the demand curve to the right. The frost has shifted the supply curve to the left. Both serve to cause increases in hazelnut prices, but we cannot tell if the demand shift causes quantity to increase more than the frost causes quantity to decrease.

Answer to Question 2

c


mmm

  • Member
  • Posts: 558
Reply 2 on: Jul 1, 2018
Gracias!

amandanbreshears

  • Member
  • Posts: 320
Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

« previous next »
 

Did you know?

The first oral chemotherapy drug for colon cancer was approved by FDA in 2001.

Did you know?

A strange skin disease referred to as Morgellons has occurred in the southern United States and in California. Symptoms include slowly healing sores, joint pain, persistent fatigue, and a sensation of things crawling through the skin. Another symptom is strange-looking, threadlike extrusions coming out of the skin.

Did you know?

In 1864, the first barbiturate (barbituric acid) was synthesized.

Did you know?

Dogs have been used in studies to detect various cancers in human subjects. They have been trained to sniff breath samples from humans that were collected by having them breathe into special tubes. These people included 55 lung cancer patients, 31 breast cancer patients, and 83 cancer-free patients. The dogs detected 54 of the 55 lung cancer patients as having cancer, detected 28 of the 31 breast cancer patients, and gave only three false-positive results (detecting cancer in people who didn't have it).

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Madin-Darby canine kidney (MDCK) cells grown in specialized containers provide a Madin-Darby canine kidney (MDCK) cells grown in specialized containers provide a
As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ... As China has embraced its version of capitalism, wealth has grown, as has consumption. Luxury goods ...
Cell Grown in 15N and 14 N: Graph of Relative DNA Concentration Vs. the Density Cell Grown in 15N and 14 N: Graph of Relative DNA Concentration Vs. the Density
When strain A and strain B auxotrophs are grown in a common medium When strain A and strain B auxotrophs are grown in a common medium
Laboratory-Grown Stem Cells Laboratory-Grown Stem Cells
Video: Barriers - eye structures, digestive mucosa, respiratory mucosa & genitourinary mucosa

For a complete list of videos, visit our video library