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1 year ago

If the demand for product x is inelastic, a 15 percent decrease in the price of x will:____.

1 answer:

5 0

If the demand for product x is inelastic, a 15 percent decrease in the price of x will: Reduce by more than 15 percent the amount of X that is being requested. Reduce by less than 15 percent the amount of X that is being requested.

This is further explained below.

<h3>What is the inelastic market?</h3>

Generally, An economic concept known as inelastic refers to an item or service's static quantity when its price varies. When a product's price increases or decreases, customers' purchasing patterns are said to be inelastic, which indicates that neither change affects the other.

In conclusion,If there is no elasticity in the demand for product x, then a price reduction of 15% for product x will have the following effects: The quantity of X that is being requested should be decreased by more than 15 percent. The quantity of X that is being sought should be decreased by more than 10 but less than 15 percent.

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When direct materials are used in production, costs are assigned by debiting Work-In-Process Inventory and crediting __________.

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Answer:

finished goods

Explanation:

I would assume finished goods. At a multiple process step company, you would again credit WIP materials

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3 years ago

3. What are the similarities and differences between balancing a city budget and balancing a personal budget?

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3 years ago

A person who holds him- or herself out as a specialist or knowledgeable in a certain type of business is one type of

ruslelena [56]

Answer:

Merchant

Explanation:

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3 years ago

Achieving high product quality lowers operating costs because of the effect of quality on:___________.

denpristay [2]

Answer:

Option C, corporate-level planning, is the right answer.

Explanation:

Option C, “corporate-level planning” is the correct answer because it is the corporate planning according to which every employee has to work. If the quality of planning is good then the firm will produce higher output with lower operating cost and if the planning is not good or suitable then the firm can increase the productivity but operating cost may go very high. Therefore, option C is right.

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3 years ago

Carbondale Casting produces cast bronze valves on a 10-person assembly line. On a recent day, 160 valves were produced during an

RideAnS [48]

Answer:

(a) 2

(b) 2.25

Explanation:

To solve this question we need to remember that

$Total \, Productivity = \frac{Total\,Ouput}{Total \, Man \, Hours}$

(a) 10 persons produce 160 valves in 8 hours, this implies a productivity of 2=160/(8x10)

(b) 2.25= 180/(8x10)

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3 years ago