Answer:
It is convenient for Jenna to buy her computer when the price is more elastic and the Offer of the good is large, because the greater the supply of a good, the lower the price and with the elastic demand. It means that the price varies in proportion to the the demand and supply of the good would have the price of convenience that the computer should buy.
The order of Jenna's computer is as follows:
* Jenna's work computer broke down and she needs a new one or else she can't work.
It is inelastic in this regard because Jenna needs the computer immediately and will not expect a variation in market prices.
* Jenna uses her computer recreationally and wants to be able to listen to music with her friends in two days when they visit her.
The purchase of the computer can wait two days, since although you need it to spend time with your friends, it is not extremely necessary.
* Jenna's computer works fine, but she wants to buy a newer model.
The purchase of the computer can wait therefore the demand becomes more elastic
Answer:
The answer is attached for ready reference
Explanation:
Please note no effect for depreciation is taken as it is non cash item.
The may ending balance is having a surplus of $103,300
Automatic stabilizers have a similar impact as discretionary fiscal policy but occur automatically, without action by the government. Automatic stabilizers increase aggregate demand during recessions and reduce aggregate demand during expansions.
The use of new technology in industry has benefited producers more so than consumers as, "Producers can transport goods around the world."
With faster decision-making and quick responses, the new technology enables producers to become more competitive in the market. The technology is helping to increase the efficiency of systems, products and services.
With the help of technology, the products which are produced are being marketed and then they are being transported around the world. This way it enables the business to grow rapidly and increases the profits.
Through the use of technology, businesses can research the market. This is extremely useful as it provides businesses with in-depth knowledge about market conditions.
Hence, the use of new technology in industry has benefited producers more so than consumers.
To learn more about the producers and consumers here:
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Explanation:
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