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dalvyx [7]
4 years ago
13

The momentary supply of wheat has an elasticity of supply equal to​ _______. the​ short-run supply of wheat has an elasticity of

supply equal to​ _______
Business
1 answer:
kenny6666 [7]4 years ago
3 0

The short-run supply of wheat has an elasticity of supply equal more than zero but less than infinity. If ever the farmers already have a crop which is ready to harvest, they have the right to choose to harvest if the price is high, or harvest a smaller amount if the price is low. So the elasticity of supply is more than zero but less than infinity.
The momentary supply of wheat is perfectly inelastic. The quantity that is supplied is depending on the crop-planting decisions made earlier, so the elasticity of supply is zero.
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As part of their marketing strategy, companies will identify a _______, a group of similar people whose interest the company wan
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As part of their marketing strategy, companies will identify a target market, a group of similar people whose interest the company wants to gain.

<h3>What is a target market?</h3>

A target market is a group of customers which could be in the same area that have interest in a particular product.

They are usually identified as the most likely buyers of a product or service.

Therefore, as part of their marketing strategy, companies need to identify a target market, a group of similar people whose.

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5 0
2 years ago
Having recently found sources of oil on their own land, the newly established nation of Brotherton enacted a tariff on imported
Sunny_sXe [5.5K]

Answer:

revenue tariff

Explanation:

A revenue tariff is a tax levied on imported goods or services whose main purpose is to increase government revenue. It differs from other types of tariffs whose goal is to protect domestic products. E.g. a flat tariff levied on all types of imported goods.

8 0
3 years ago
Help help pelsss I need to pass thanks I’ll give points for honestly
hammer [34]
What is the scenario? You need that in order to answer.
5 0
2 years ago
Custom Engines Company has the following estimated costs for the upcoming year: Direct labor costs $62,800 Direct materials used
jenyasd209 [6]

Answer:

Predetermined manufacturing overhead rate= $33.1 per direct labor hour

Explanation:

Giving the following information:

Salary of factory supervisor $37,800

Heating and lighting costs for factory $22,900

Depreciation on factory equipment $5500

The company estimates that 2000 direct labor hours will be worked in the upcoming year.

<u>To calculate the predetermined manufacturing overhead rate we need to use the following formula:</u>

Predetermined manufacturing overhead rate= total estimated overhead costs for the period/ total amount of allocation base

Predetermined manufacturing overhead rate= (37,800 + 22,900 + 5,500) / 2,000

Predetermined manufacturing overhead rate= $33.1 per direct labor hour

8 0
3 years ago
when compared to the country of origin principle, the country of reception approach to jurisdiction over internet transactions
Oxana [17]

When compared to the country of origin principle, the country of reception approach to jurisdiction over internet transactions requires business managers to have more knowledge of the laws of other countries.

<h3>What is the significance of country of origin principle?</h3>

The country of origin principle is an important feature of leading parts of Union law. It is also known as<u> home country control, </u><u>country</u><u> of </u><u>origin</u><u> rule</u>, and <u>country of </u><u>origin</u><u> </u><u>principle</u><u>.</u>

The country of origin principle mainly aims to ensure the effective protection of the public interest in the country of origin.

Basically, the country of origin principle has the main purpose to vest exclusive jurisdiction to regulate in one Member State only.

Learn more about the country of origin principle here:-

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8 0
2 years ago
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