Answer:
B. greater than $4.50 but no more than $5.00
Explanation:
From the given statement in the question it can be observed that the Curly was not operating a hot dog cart when the price of hot dogs was $ 4.50.
But curly started operating a hot dog cart when the price risen to $5.
Therefore,
Curly's reservation price will be in between $4.50 to $5.
Reservation price is the minimum price which is acceptable to the producer, on the producer side.
Dispel Elmer fear bcdjjsjswjwjwkwkkwekenneenej
Answer:
The banking industry is one of the fast growing industry globally.
The major liability of the bank is the total deposit made by various individual, household, and firms.
The basic assets of a bank is the loan it lend out to its customers and the reserve it keeps with the the central bank. For instance, in Nigeria, all commercial banks are expected to be #25 billion naira with the central bank of Nigeria.
Banks are profit maximize, each banks constitutes its management with well-trained finance practitioners who specializes in wealth maximization. The bank keeps minimum reserve for profit maximization.
Explanation:
Answer:
The correct answer is letter "A", "B", and "D": the availability of inputs; the flexibility of the production process; time needed to adjust to changes in price.
Explanation:
Price elasticity of supply reflects the changes in supply after a change in prices. The price elasticity of supply is calculated dividing the percentage in the change of quantity supplied by the percentage in the change of price. If the result is equal or greater than one (1) the supply of that good is elastic. If the result is lower than one (1), then the supply is inelastic.
Three main factors determine the price elasticity of supply which are <em>the amount of inventory or raw material in the industry, the capacity to increase or decrease the production, </em>and <em>the time needed to produce the good to be offered based on the price fluctuations.</em>
Answer:
Duke Company Lord Company 2022 2021 2022 2021 Net Sales $1,849,000 $546,000 Cost Of Goods Sold 1,063,200 289,000 Operating Expenses 240,000 ...
Explanation: