Answer:
d. Market A will have a higher price than market B
Explanation:
As we know that in the non elastic market, the seller could charge the high price while on the other hand in the elastic market it can charge a smaller price
as if there is an inelastic demand than it would leads to 1% rise in price that decrease the quantity demanded by smaller than 1%. Also if the price increased the total revenue also rises
And if there is an elastic demand than it would leads to 1% rise in price that decrease the quantity demanded by more than 1% and the price increased the total revenue is decreased
As it is given that the Market A contains more inelastic demand than market B so the seller charged a high price in market A than in Market B
Hence, the last option is correct
Answer:
False.
You don't want to work day and night, or do something you are not willing to, just to get a bunch of money
Explanation:
Answer:
$35
Explanation:
The minimum transfer price is 35$ should be accepted by the food division. Minimum transfer price must be minimum and equal to variable cost only .However it can be greater than variable cost if division incurred some incrimental fixed cost. If company is not incurred any extra fixed cost then transfer price must be equal to variable cost.
Normal fixed cost is not considered for transfer price within the division of company. According to general rule transfer price within the same company by one division to another division should be equal to only variable cost or marginal cost. So answer is 35$ which is variable cost of food division.
Answer:
Option D
Increased globalisation that moves the economy from manufacturing based economy to more service-based economy.
Explanation:
Option D
Increased globalisation that moves the economy from manufacturing based economy to more service-based economy.
As manufacturing will decrease, the number of jobs will decrease drastically because the number of industries will become small.
