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2 years ago

If the supply curve for a product is vertical, then the elasticity of supply is:

Business

1 answer:

mihalych1998 [28]2 years ago

3 0

If the supply curve for a product is vertical, then the elasticity of supply is equal to zero.

Deliver curve, in economics, photo representation of the relationship between product charge and the amount of product that a dealer is inclined and able to deliver. Product rate is measured on the vertical axis of the graph and the amount of product provided on the horizontal axis.

The supply curve is a graphic representation of the correlation between the fee of terrific service and the amount supplied for a given duration. In a regular illustration, the price will seem on the left vertical axis, even as the amount provided will seem on the horizontal axis.

Deliver curve shift: changes in production fees and associated factors can purpose an entire supply curve to shift proper or left. This reasons a higher or decreased amount to be supplied at a given price. The ceteris paribus assumption: supply curves relate charges and quantities provided assuming no different factors exchange.

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Which of the following is a true statement?A. Meals, lodging, and incidental expenditures are only deductible if the taxpayer is

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4 years ago

Elizabeth recently purchased 115 shares of a company for $10350 ($90 per share). The company has been doing well. This year, she

Fed [463]

Answer:

$90

Explanation:

Option B is wrong because $1,035 is the dividend received from the company by Elizabeth.

Option C is wrong because $270 is the current market price of each share.

Option D is incorrect because $10,350 is the common stock value of 115 shares.

Option A is correct because $90 is Elizabeth's per-share basis in the company for which she received a dividend. Share's price increased to $270 after success.

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3 years ago

Which of the following statements is true of purchasing power parity (PPP)?

ycow [4]

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d. It is an adjustment to reflect the differences in cost of living among different countries.

Explanation:

Purchasing power parity (PPP) calculates the cost of living, as it determines the value of goods or services, that can be purchased, by different currencies.

As with the purchase of goods or services in different currencies value of money is calculated in each currency, and accordingly it reflects the cost of living among different countries.

Therefore, correct statement is,

Statement d.

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3 years ago

Terrance needs to comminicate with managers in several different locations regarding a sensitive complex topic. Therefore he sho

geniusboy [140]

The correct answer is b

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3 years ago

A property sold for $375,000. The reproduction cost of the building was $600,000 and its estimated deprecation was 70%. By extra

docker41 [41]

A property sold for $375,000. The reproduction cost of the building was $600,000 and its estimated deprecation was 70%.

By extraction, the value of the land will be:

600,000 - (.7 * 600,000) = 180,000

375,000 - 180,000 = 195,000

According to current rates, reproduction cost is the cost associated with identically duplicating an asset or property using the same materials and specifications as an insured property. For insurance reasons, reproduction costs are an estimate of what it would cost to replicate a damaged or lost item or piece of property exactly and according to specifications.

Reproduction cost, which considers the cost of replacing an insured property with one that functions similarly, is distinct from reproduction cost, which considers the cost of making an identical replica.

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2 years ago