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3 years ago

5

A ______ is a written document executed when the principal is in good mental health that allows an agent to make medical decisio

ns for the principal at some later date when the principal can no longer make decisions.

1 answer:

gladu [14]3 years ago

4 0

A durable power of attorney

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If the absolute value of the price elasticity of demand is greater than 1:

FrozenT [24]

Answer:

b. small percentage changes in the price will lead to much larger percentage changes in the quantity demanded.

Explanation:

Price elasticity of demand is a measure of how responsive is quantity demanded to change in price. Its formula is given by:

$E_{D}$ = $\frac{dQ}{Q}{\frac{P}{dP} =$

= % Change in Quantity Demanded / % Change in Price

So when absolute value $E_{D}$ is greater than 1, a x percentage change in price will lead to larger than x percentage change in quantity demanded.

<u>Note</u>: Whether the percentage change in quantity demanded will be just a little or very much larger than percentage change in price will depend on how much $E_{D}$ is larger than 1. But b is the still the best answer among the options.

7 0

3 years ago

In the long run, assuming that the owner of a firm in a competitive industry has positive opportunity costs, she a. should exit

Svetradugi [14.3K]

Answer:

c. will earn zero economic profits but positive accounting profits

Explanation:

A competitive industry is characterised by many buyers and sellers of homogenous goods and services.

There are no barriers to entry and exit of firms. If firms in a competitive industry earn economic profit in the short run, firms enter into the industry in the long run and economic profit falls to zero.

A competitive firm earns accounting profit but doesn't earn economic profit.

Accounting profit = Revenue - Cost

Economic profit = Accounting profit - Opportunity cost

I hope my answer helps you.

5 0

3 years ago

Kurt leased a small building and converted it into a hockey supply shop. He had assumed that he could run a successful business

salantis [7]

Answer:

The correct answer is letter "E": undercapitalization.

Explanation:

Undercapitalization refers to the situation in which an organization is unable to generate enough funds to cover its expenses. This leads to companies being unable to pay their creditors, thus, they have no other option but to request for loans to keep the business up and running. Small companies are frequently undercapitalized.

8 0

3 years ago

A successful quality strategy begins with

creativ13 [48]

Answer: An organization that starts and builds quality.

Explanation: To have a successful quality strategy, an organization needs to build and instill quality in their employees. When an organization promotes and maintains a quality environment for their workers, they are more likely to have a higher level of output quality.

3 0

3 years ago

Use the following information to prepare the September cash budget for PTO Manufacturing Co. The following informaition relates

Keith_Richards [23]

Answer and Explanation:

The preparation of the cash budget is shown below:

Beginning Cash Balance $40,000

Budgeted Cash Receipts $225,000

Total Cash Available $265,000

Less

Payment of Raw Mat purchases in Aug ( $80,000 × 35%) $28,000.00

Payment of Raw Mat purchases in Sep ($110,000 × 65%) $71,500

Direct Labor Payment $40,000

Other Cash Expenses $60,000

Income Tax Paid $10,000

Bank Loan Interest Paid $1,000

Total Cash Disbursements $210,500

Closing Cash Balance $54,500

We simply deduct the all cash expenses from the total cash available so that the closing cash balance could come

6 0

3 years ago