An elastic products prices are responsive to changes in demand. Generally, the necessity of the product is related to it's elasticity. For example, insulin is essential for diabetics, so the price is extremely inelastic—people will pay any amount because it is a life or death situation. The price of a new MP3 player can be inelastic, especially because results show that people want the newest thing, and will pay more if it works better than the previous model. Additionally, the price of "scalper" tickers to the World Series will increase by demand, but they will still sell regardless. The price of dairy products, however, is rather elastic; this is because when the price rises, people switch to a cheaper brand. The difference between an inelastic and elastic product is that elastic products have substitutes, whereas inelastic products have no substitutes (or sometimes very few).
Answer: A. the price of dairy products
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Answer: the answer is A. Yes.
Explanation:
Under a strict cash basis of accounting, revenues and expenses are recorded only when cash is received or paid. Under a modified cash basis of accounting, certain accruals and/or deferrals are recorded for financial-statement purposes.
The most common modifications are the capitalization and amortization of long-lived assets and the accrual for income taxes (recognition of income tax expense and related liability).
Answer:
a. The production possibility curve(PPC) moves up and to the right because of increase in human skills resulting in enhanced production and output.
b. Due to bumper crop PPC moves up and to the right.
c. Due ton increased workers entering into the country PPC moves up and to the right ( increased output)
d. The workers are already unemployed hence it does not shifts PPC
e. Due to efficiency to convert salt water into fresh water output increases. PPC moves up and to the right.
f. Decreased productive capacity results in PPC shifting down and to the left.
Answer:
turnover ratio = 16.87 %
Explanation:
given data
average daily assets = $2.7 billion
fund sold = $405 million
purchased = $505 million
solution
we get here turnover ratio that is express as
turnover ratio = 
................1
put here value and we get turnover ratio
turnover ratio = 
turnover ratio = 0.16875
turnover ratio = 16.87 %
raise money to finance their companies
find investors for their businesses
offer expert financial advice
Explanation:
<u>Investment banks are essentially avenues for investors to find good investment avenues in the work of the entrepreneurs </u>and for entrepreneurs to find viable investors who will take their company forward by financing it.
<u>The financing of this sort is often advised by the bank for the mutual profit of the two parties.</u>
As such an avenue they are in a position to advice the entrepreneur on which opportunity to take and which to pass on.
