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3 years ago

The longer the time period considered the more the elasticity of supply tends to

1 answer:

5 0

The longer the time period considered, the more the elasticity of supply tends to INCREASE.
The elasticity of supply refers to the responsiveness of suppliers to the change in price of their products or services. Elasticity of supply is measured as a ratio of proportionate change in quantity supplied to the change in price. Elasticity of supply tends to increase with time.

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Consider two ways to protect your car from theft. the club is a conspicuous steering wheel lock that makes it difficult for a th

Lostsunrise [7]

Answer:

The question is incomplete. What is the question? Is it true or False? Can you please provide the whole question, so that I can help you?

Explanation:

8 0

3 years ago

Richards Corporation uses the weighted-average method of process costing. The following information is available for October in

olchik [2.2K]

Answer:

e. $2.16

Explanation:

Richards Corporation

Weighted-Average Method

Fabricating Department:

Particulars Units % of Completion Equivalent Units

Materials Conversion Materials Conversion

Completed &

transferred out: 360,000 100 100 360,000 360,000

Ending Inv: 35,000 40% 15% 14000 5250

Equivalent Units 374,000 365250

Costs Direct Materials Conversion

Beg. Work in Process - : $47,200 $89,700

Costs incurred in October - $759,920 $929,300

Total Costs 807,120 1,019,000

Cost Per Equivalent Unit = Total Costs/ Equivalent Units

Cost Per Equivalent Unit Materials = 807120/ 374,000= $ 2.158 ≅$ 2.16

We divide the total costs of Materials with the total Equvilant units of Materials to get Cost Per Equivalent Unit of Materials which is 2.16

7 0

3 years ago

A company that utilizes carbon fiber 3-D printing wants to have money available two years from now to add new equipment. The com

Alenkinab [10]

Answer:

Total amount available in two years is $1,354,125.

Explanation:

The total amount available in two years can be calculated as follows:

Total amount in the deposit now = Current deposit + Amount planned to be deposited = $650,000 + $200,000 = $850,000

Future value of the total amount the deposit now = Total amount in the deposit now * (1 + Annual interest rate)^Number of years the deposit used = $850,000 + (1 + 15%)^2 = $1,124,125

Future value of next year's deposit = Next year's deposit * (1 + Annual interest rate)^Number of years the deposit used = $200,000 * (1 + 15%)^1 = $230,000

Total amount available in two years = Future value of the total amount the deposit now + Future value of next year's deposit = $1,124,125 + $230,000 = $1,354,125

5 0

3 years ago

Will and Lyndsey are married with no dependents and file a joint tax return. In 2019, they paid $3,000 in qualified student loan

Maurinko [17]

Answer:

The FROM AGI deductions for year 2019 are $24,400.

Explanation:

FROM AGI deduction for a year are the maximum of the following two items

itemized deductions
standardized deductions

Here itemized deduction is given as $22,550 where as value of standardized deduction is $24,400 (for 2019)

Thus as the maximum of two is valid thus the FROM AGI deductions for year 2019 are $24,400.

3 0

4 years ago

You invest $5000 in an account at 5.5% per year simple interest. how much will you have in the account after 6 years?

Rus_ich [418]

Simple interest means that you only need to find the interest once and then keep adding it on every year. In this case, the interest would be 5.5% of $5000 every year, which is 275.
In 6 years, you'll have $1650, which is the amount earned from interest, plus $5000, which is the original investment.

So you'll have $6650 in 6 years.

3 0

4 years ago

Read 2 more answers