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2 years ago

If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.

Business

1 answer:

luda_lava [24]2 years ago

7 0

If the quantity supplied by producers is relatively insensitive to price changes, supply is price inelastic.

Inelastic demand is demand for which the change in quantity demanded is small due to changes in price. Demand is elastic if the formula yields an absolute value greater than 1. In other words, quantity changes faster than price. If the value is less than 1, demand is inelastic.

For example, consumers are less price relatively insensitive if the product or service is unique or has few alternatives. Consumers are less price sensitive when total costs are low relative to total revenues. The total effort compared to the total cost of the final product also influences price sensitivity.

Learn more about price inelastic at

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Your question is incomplete. please read below to find the full content.

If the quantity supplied by producers is relatively insensitive to price changes, supply is ______. Multiple choice question.

price inelastic.

quantity demanded.

relative price increase.

change in price.

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Numerous customers of a bridal store lost their ordered and prepaid wedding gowns when the store locked its doors and declared b

Kaylis [27]

Answer: Consolidation

Explanation:

Courts have the authority to consolidate the cases which have common concern. Consolidated case also does not mean the court will not hear each appeal separately. As the facts of the case are similar that they have not received their prepaid wedding gowns due to the bankruptcy of the bridal store single hearing is placed by the court.

The consolidated cases at first remain the same way but the arguments of the attorneys may diverge the case while appealing. The disappointed brides should receive their compensation at once from the failed store here.,

6 0

3 years ago

Builder Products, Inc., uses the weighted-average method in its process costing system. It manufactures a caulking compound that

FinnZ [79.3K]

Answer:

1.Total Equivalent Units Materials 471,600 Conversion 464,400

2. Cost Per Equivalent Unit Materials $ 1.33 Conversion $ 0.75

3. Cost of Ending Work In Process $ 39528

4. Cost Of Units Transferred Out = $ 936,000

5. Cost Materials $ 627 228 and Conversion $348,300

Explanation:

Builder Products, Inc.,

Weighted-Average Method

1. Equivalent Units

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Transferred Out 450000 100 100 450,000 450,000

Ending WIP 36000 60 40 21,600 14,400

Total Equivalent Units 471,600 464,400

Transferred Out units are calculated by adding Opening Inventory and production started and subtracting ending inventory units.

Transferred Out units = Opening Inventory+ production started -ending inventory units

Transferred Out units =76,000 + 410,00 - 36000= 450000 units.

2. Cost Per Equivalent Units

Materials Conversion

Cost Of Opening Inventory 117,900 53600

Cost Added 613,080 294,700

Total Costs 624,980 348,300

Equivalent Units 471,600 464,400

Cost per Equivalent Unit 624980/471600 348300/464400

$ 1.33 $ 0.75

3. Cost of Ending Work In Process $ 39528

Materials = 21600 * $ 1.33= $ 28728

Conversion = 14400 * $ 0.75= $10800

We multiply the equivalent number of units with the cost per unit to find the cost.

4. Cost Of Units Transferred Out = $ 936,000

Materials = 450 000 * $ 1.33= $ 598,500

Conversion = 450000 * $ 0.75 = $ 337,500

5. A Cost Reconciliation Report

Materials Conversion

Ending WIP $ 28728 $10800

Transferred Out $ 598,500 $ 337,500

Total  627 228** 348,300

These calculated costs reconcile with the costs given in the above data.

Materials Conversion

Cost Of Opening Inventory 117,900 53600

Cost Added 613,080 294,700

Total Costs 624,980** 348,300

The difference is in the cost of materials which is actually 624,980** and we found it out to be   627 228** . This is because we rounded the Cost per Equivalent Unit of material from $ 1.325 to $1.33

If we multiply 1.325 * 471,600 we get $ 624870 which is almost the same.

5 0

3 years ago

How frequently is the value of insurers variable sub accounts normally calculated

Dennis_Churaev [7]

Answer:

Everyday because the ever-increasing complexity of our securities laws has led to a great deal of confusion among investors over the differences between mutual funds and variable annuity sub-accounts.

Explanation:

That's the answer.

8 0

2 years ago

The Tax Equity and Fiscal Responsibility Act of 1982 (TEFRA) resulted in implementation of risk contracts, which are arrangement

Sever21 [200]

Answer:

Capitated

Explanation:

Based on the information given the implementation of the risk contracts by TEFRA is to ensure that are medical arrangements are made among providers in order to provide CAPITATED health care services to Medicare beneficiaries.

CAPITATED health care services can be seen as the way in which medical treatment payment are made to the providers of health care service in advance for the sole aim of providing medical services or treatment to patient which are the Medicare beneficiary that have registered and assigned to them for a specific period of time.

6 0

3 years ago

The components of global market assessment include all of the following except:______. a. ethnic analysis. b. infrastructure and

snow_lady [41]

Answer:

a. ethnic analysis

Explanation:

There are four components of the global marketing analysis that includes the global market assessment and economic analysis and social-cultural analysis along with the infrastructural and the technical analysis.

Also an analysis of the government actions. Except for the ethical analysis of the company. As it's concerned with the assessment of the marketing conditions.

4 0

3 years ago