Illustrate the following with supply and demand curves: in march 2015, hogs in the united states were selling for 81 cents per pound, up from 58 cents per pound a year before. this was due primarily to the fact that supply had decreased during the period. show this change in the figure on the right. 1.) using the point drawing tool, locate the equilibrium point for 2015 in the u. s. hog market. label your point 'e'. 2.) using the line drawingtool, illustrate the change in the u. s. hog market between 2014 and 2015. properly label your line 's2015'. (hint: perform the steps in the order given.) carefully follow the instructions above and only draw the required objects.

Yael decides that she no longer enjoys her job, and she quits to open a gluten-free, dairy-free kosher bakery. she pays a monthly rent for her store of $2,000. her labor costs for one month are $4,500, and she spends $6,000 a month on nut flours, sugar, and other supplies. yael was earning $2,500 a month working as a bank teller. these are her only costs. her monthly revenue is $14,000. which of the following statements about yael’s costs and profit are correct? correct answer(s) an accountant would say she is earning a monthly profit of $1,500. her implicit costs are $2,500 a month. an economist would tell her that she is experiencing a loss. her total costs are $12,500 a month. her explicit costs include the labor, rent, and supplies for her store. her economic profit is $1,500 a month.

Your take on decision making process

Which of the following are considered needs? check all that apply