Answer:
D. $8,250
Explanation:
Calculation for how How much is the correct cash balance at the end of the month
Using this formula
Correct cash balance= Bank balance - Outstanding checks + Deposits in transit (}+ Bank error
Let plug in the formula
Correct cash balance =$8,000 - $500 +$1,000 + $250
Correct cash balance=$8,250
Therefore the correct cash balance at the end of the month will be $8,250
Answer:
-0.33
Explanation:
The calculation of the price elasticity of demand using mid point formula is shown below:
= (change in quantity demanded ÷ average of quantity demanded) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity demanded is
= Q2 - Q1
= 80 units - 100 units
= -20 units
And, the average of quantity demanded would be
= (80 units + 100 units) ÷ 2
= 90 units
Change in price is
= P2 - P1
= $2 - $1
= 1
And, the average of the price is
= ($2 + $1) ÷ 2
= 1.5
So, after solving this, the price elasticity of demand is -0.33
The statement is false. When goods are sold, their cost are transferred from finished goods to sold items.
Answer:
Remain constant and is directly proportional to demand which gives a straight line graph.
Explanation:
The Production Possibilities Frontier (PPF) is a graph that shows all the different combinations of output of two goods that can be produced using available resources and technology. The PPF captures the concepts of scarcity, choice, and tradeoffs.
For PPF to capture choice it hows the people of germany purchase more trucks than smart phones.For that reason the truck market have a certain stability in its demand and supply.
Correct answer is (A). Natural monopoly occurs because of economies of scale.
Explanation: In case of monopoly, the average total cost (ATC) declines and gives monopolists the advantage over its competitors in the market. It is discrete type of monopoly where fixed cost are way too high which results in low entry and exit of new entrants and hence, natural monopoly. They comes with economies of scale, which means they create large relations to the size of market.