Answer: (B) Inelastic
Explanation:
According to the question, when the price of the t-shirt get increased then it generate the high revenue. This result into the decrease in the given quantity and it is smaller change as compared to the change in the price.
This process of the quantity results into the good in the inelastic. Inelastic is the term which is refers to the static quantity of the various types of good and the services and its price are get changed.
Therefore, Option (B) is correct.
Answer:
True
Explanation:
P/E ratio is the price to earning ratio. Investor look into this ratio before investing or buying share of the company as it shows the market value of the shares or demand of the shares in the market. If ratio is higher then investor anticipate the growth of the company´s earning in the future, it also show investors are willing to pay higher price for each dollar earning of the company.
Price earning ratio= 
Lonnie Johnson had an illustrious career as a nuclear engineer working on the Galileo space programme and the stealth bomber - but he is best known for creating a water pistol.
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~Emmy <3
The cooperative organization of work into specialized tasks and roles is the Division of labor.
Division of labor, division of work process into multiple tasks. Each task is performed by a different person or group of people. This is most commonly applied to mass production systems and is one of the basic organizing principles of assembly lines.
The division of labor increases production and efficiency by dividing the individual tasks of creating objects among different people. This simplifies the work that each person has to do.
The division of labor increases productivity, which also means that it is cheaper to produce goods. This in turn leads to cheaper products. If you divide it into five people who specialize in work, it will be faster and more efficient. In return, the number of product .
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The lower cost or market approach is (C) required under GAAP for companies that use LIFO or retail inventory.
<h3>
What is market approach?</h3>
- The market approach is a method of evaluating an asset's worth based on the selling price of comparable assets.
- Along with the cost technique and discounted cash-flow analysis, it is one of three main valuation methodologies (DCF).
- Companies that use LIFO or retail inventory are obligated by GAAP to use the lower cost or market method.
- A realtor, for example, can gather information on comparable real estate sales in close vicinity to a client's property and modify those values to account for differences in land area and building square footage to arrive at a market-based valuation for the targeted property.
Therefore, the lower cost or market approach is (C) required under GAAP for companies that use LIFO or retail inventory.
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The complete question is given below:
The lower cost or market approach is _____ for companies that use _____.
a. optional under GAAP; LIFO or the retail inventory
b. optional under GAAP; any method of inventory valuation
c. required under GAAP; LIFO or the retail inventory
d. required under GAAP; any method of inventory valuation
