1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
-Dominant- [34]
2 years ago
15

What will the elasticity of resource demand be if unit wages rise by 5 percent and the number of employed workers falls by 12 pe

rcent?
Business
1 answer:
Amiraneli [1.4K]2 years ago
5 0

The correct answer is 2.4.

The simplest way to define elasticity of demand is by using the following formula:

Elasticity of Demand = Change in Demand / Change in Prices

Then, in our question we have:

Demand Elasticity = 12% / 5% = 2.4

Why is it called elasticity of demand?

An elastic product is one in which demand significantly shifts in reaction to price fluctuations. In other words, the product's demand point has expanded significantly from its earlier point. It is inelastic if the amount purchased fluctuates little when the price of the good or service changes.

What Does elasticity of demand tells us?

It reveals how much the quantity needed alters in response to pricing changes made by the company. The price elasticity of demand explains how the amount sought in the market changes when the price changes if we are evaluating a market demand curve.

Learn more about elasticity of demand: brainly.com/question/23301086

#SPJ4

You might be interested in
If you are in a hostile emergency situation, you should contact everyone you know using as many telephone lines as possible
ratelena [41]
The correct answer to this question is True
4 0
3 years ago
Read 2 more answers
What is the average of gross income for domestic movies (in mln)?
Brrunno [24]

The average gross income for domestic movies (in mln) is 180

A film industry-specific term used by box office reporters such as Variety and Box Office Mojo. For movies released in North America, box office revenue is usually divided into domestic, including the United States and Canada, and international, including all other countries.

Today, weekly box office revenues are usually considered Friday-Thursday, reflecting the fact that most movies are officially released on Friday in the United States. Variety was published every Wednesday for many years, so most of the weekly box office revenue they reported in the 1920s-1990s was from Thursday-Wednesday.

Most of the Weekly Loss is weekend cashiers. Historically, this has been reported as box office revenue from Friday to Sunday, and holidays close to weekends. Day numbers from Friday to Sunday are also now used.

Learn more about Domestic movies here: brainly.com/question/25731424

#SPJ4

5 0
2 years ago
Lucas Co. has a job-order cost system. For the month of April, the following debits (credits) appeared in the general ledger acc
aliya0001 [1]

Answer:

direct material charge = $8500

Explanation:

given data

April 1 balance = $24000

April 30 Direct materials = 80000

April 30 Direct labor = 60000

April 30 Factory overhead = 54000

April 30 finished goods =  200000

so balance is = finished goods - ( balance + Direct materials + Direct labor + Factory overhead )

put here value

balance =  200000 - ( 24000 + 80000 + 60000 + 54000 )

balance = 18000

so here balance above $18000 is total manufacture cost of job no 100

so direct material charge for job no 100 is

direct material charge =  manufacturing cost - applied cost - direct labour cost

direct material charge = 18000 - 4500 - 5000

direct material charge = $8500

5 0
3 years ago
Answer the following questions about prepaid​ expenses:
pochemuha

Answer:

the numbers are missing, so I looked for a similar question:

a. On ​1, Tree Service prepaid $7,200 for six​ months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts​ involved, and show their balances at adjusts the accounts only at ​31, the end of its fiscal year.

Dr Rent expense 1,200 (= $7,200 / 6)

    Cr Prepaid rent 1,200

Balances:

Prepaid rent 6,000

Rent expense 1,200

b. On ​1, Tree Service paid $1,050 for supplies. At ​31, has $400 of supplies on hand. Make the required journal entry at 31. Then post all amounts to the accounts and show their balances at 31. Assume no beginning balance in supplies.

Dr Supplies expense 650 (= $1,050 - $400)

    Cr Supplies 650

Balances:

Supplies 400

Supplies expense 650

c. On ​1, Tree Service prepaid for six​ months' rent. Give the adjusting entry to record rent expense at Include the date of the entry and an explanation. Then post all amounts to the two accounts​ involved, and show their balances at adjusts the accounts only at ​31, the end of its fiscal year. Prepare the adjusting journal entry to record the rent expense at 31.

SAME AS QUESTION A

6 0
3 years ago
Drag each label to the correct location on the image.
Olegator [25]

Answer:

top 3 are possible and bottom 2 or not possible

Explanation:

8 0
3 years ago
Other questions:
  • Which of the following statements is correct? Revenue is recognized at the time of shipment when goods are shipped FOB destinati
    7·1 answer
  • Herman Company has three products in its ending inventory. Specific per unit data at the end of the year for each of the product
    13·1 answer
  • Paying a salesperson more for increased sales is an example of:
    9·1 answer
  • Joan sells new cars at a local dealership. she receives a 25% commission on the profit each car is sold for. last month she sold
    5·1 answer
  • What refers to the quantity of goods and services that consumers are willing to buy at a given price? refers to the quantity of
    13·2 answers
  • The idea of supply and demand is based on the development of (Economics)
    5·2 answers
  • Anette used 136.12 inches of lace equally on 12 dresses. How much lace did she use on each dress?
    11·1 answer
  • Riverbed Corporation’s adjusted trial balance contained the following asset accounts at December 31, 2020: Cash $7,280, Land $49
    6·1 answer
  • Ntex Ltd. issued 10,000, 10% Debentures of Rs.100 each at a premium of
    9·1 answer
  • _____ are different, even within the same job. A. Occupations b. Workplaces c. Careers d. Interest rates Please select the best
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!