Supply of a product will tend to be more inelastic when

1 answer:

3 0

The supply of the product tend to be more inelastic when the prices of the goods are high. Supply inelasticity is caused by the sudden change of the price of goods needed to release the supply and more often than not, that change of price is a price hike; meaning, the increase of price reasonable or not.

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What are some benefits of effective peer collaboration? Check all that apply

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Practice listening
Develope critical thinking
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Describe two ways that technology changed people's lives in the 1990s

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Technology changed people's lives in the 1990s in the form of:

a. Communication - communicating technologies such as beepers, cellphones, and internet access paved the way for people to easily keep in touch and send their messages in an instant to people who are even in the farthest regions of the Earth.

b. Production of goods - mass production of goods were at its speed because of the development of computer-based machines that can deliver precise measurements and detailed products that can reach a lot of people in the shortest time.

Technology is a continuous improving branch in society which should always be geared at improving lives of people.

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Average total cost tells us the a cost of a typical unit of output, if total cost is divided evenly over all the units produced.

Ivanshal [37]

Answer:

The correct answer is A. The cost of a typical unit of output, if total cost is divided evenly over all the units produced

Explanation:

The average cost is the cost per unit of production, this is also called unit cost or average cost. It is called "average" since it is calculated by obtaining an average based on the fixed costs and variable costs of total production.

The average cost can be defined using a mathematical formula, basically it is calculated by dividing the total cost of production by the total amount of products available for sale per unit.

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3 years ago

On January 1, 2018, equity account balances are as follows: Preferred Stock $ 500,000 Common Stock 1,000,000 Paid-In Capital in

Ludmilka [50]

Answer:

a. debit to Paid-In Capital From Treasury Stock of $155,000

Explanation:

Treasury Stock purchase 25,000 shares = $762,500

Per share value = $762,500/25,000 shares

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Selling price of 10,000 treasury stock = $15 × 10,000 = $150,000

Purchase price of 10,000 treasury stock = $30.5 × 10,000 = $305,000

The deference between sales and purchase of treasury stock = $155,000

Therefore, option A is the answer because paid-In Capital From Treasury Stock becomes a debit due to selling the stock in low price.

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Why do people hold bonds rather than larger savings or checking accounts

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Under what circumstances might they change their portfolios, moving their funds out of bonds into bank accounts? In general, people place their funds in those investments which provide them the highest returns.

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