Answer:
C. less than 1
Explanation:
Supply is elastic if producers can increase output without a rise in cost or a time delay which means Price elasticity of supply is more than 1.
Supply is inelastic if producers find it hard to change production in a given time period which means Price elasticity of supply is less than 1.
When Price elasticity of supply equals 0 then supply is perfectly inelastic.
Answer:
daniel should have focused on the message and not on the way it was delivered.
Explanation:
If Daniel had focused more on getting the message that was being passed by Kirk Douglas, he would have enjoyed the show more.
But in this case he was more focused on how Kirk Douglas was not accurately forming his words. The more he listened the more frustrated he became.
Answer and explanation:
In the decision-making process, the consensus is the point at which the members of a given group agree with having decided which is the best path they should take to reach an objective. Strategies that can help come to that state faster include encouraging participation since the most team members collaborate in the decision-making, the more involved they will be the project; introducing a voting system in case there are too many differences among the team members to eventually decide what the majority agrees with; and, creating a team developing a solution in case natural consensus cannot be achieved. They will be in charge of deciding what to do based on information obtained from the discussion.
- The correct form to fill the blanks of the following independent cases is:
<u>Case Revenues variable Fixed Total operating contribution </u>
<u> cost cost cost income margin Contribution</u>
a 2400 600 200 800 1600 75% 1800
b 2500 1400 200 1600 900 44% 1100
c 500 300 200 500 0 40% 200
d 1200 900 200 1100 100 25% 300
The below formulas should be used:
-
Contribution = Revenues - variable cost.
- Contribution margin = contribution ÷ revenue.
- Operating income = Revenue - total cost
- Total cost = fixed cost + variable cost
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