Answer:
The answer is Letter B
Explanation:
It is the use of computers to interactively design products and prepare engineering documentation.
Answer:
This indicates that the manager perceives demand to be:_______.
c. unit elastic.
Explanation:
Unit elastic demand describes a demand curve which is perfectly responsive to changes in price. This implies that the quantity supplied or demanded changes according to the same percentage as the change in price. For example, if the manager raises the price of her famous goods by $2.00, the unit elastic demand for that $2.00 increase would result in a decrease in the quantity demanded by one unit.
Answer:
A
Explanation:
Products will be perfectly substitutable with one another. For example, if ACME produces only TNT bombs, a wide multiplicity of firms can come up with cheaper and/or more effective products, which would end up with people choosing those other products and stop buying ACME's.
Answer:
1575 units would be needed to be produced next year to meet this production goal.
Explanation:
plant utilization after decrease = 105% - 15%
= 81%
let the number of units produced be Y
plant utilization = units produced/plant capacity
81% = Y/1750 units
Y = 1575 units
Therefore, 1575 units would be needed to be produced next year to meet this production goal.
Answer:
D. Supply decreased
Explanation:
When Supply of a product decreases the equilibrium price increases because at that point, demand of that commodity becomes more than the available quantity of the commodity. Also, a fall in the equilibrium quantity of a commodity in this case banana indicates that the supplier has reduced the amount of goods supplied at that particular point in time (supply decreased). It causes a relative scarcity of that product mostly when the demand for such commodity increases or maintain previous demand equilibrium numbers.
