The longer the time period considered, the more the elasticity of supply tends to INCREASE.
The elasticity of supply refers to the responsiveness of suppliers to the change in price of their products or services. Elasticity of supply is measured as a ratio of proportionate change in quantity supplied to the change in price. Elasticity of supply tends to increase with time.<span />
Answer and Explanation:
The computation is shown below:
a. The manufacturing overhead is
= factory utilities + depreciation on factory equipment + indirect factory labor + indirect material + factory manager salary + property tax + factory repairs
= $16,500 + $12,650 + $48,900 + $70,800 + $8,000 + $2,500 + $2,000
= $161,350
b. The product cost is
= Direct material used + direct labor + total manufacturing overhead
= $157,600 + $79,100 + $161,350
= $398,050
c. The period cost is
= Depreciation on delivery truck + sales salaries + repairs to office equipment + advertising + office supplies used
= $3,800 + $48,400 + $1,300 + $23,000 + $4,640
= $81,140
Answer:
The correct answer is letter "B": pay less for the security that has higher risk.
Explanation:
While investing, risk is a measure of how an asset can fluctuate providing profits or incurring losses. Risk investment tends to be associated with volatility which is how sensitive the asset is to respond to events that can make the asset price skyrocket or drop sharply.
<em>In case an investor believes his strategy will provide a fair return, he must be considering the net profit (gross profit minus initial investment) will be high enough. Besides the initial investment should have been purchased at the lowest price possible and the asset bought must represent the security with the highest risk at the moment of the purchase.</em>
Answer:
C. The price of eight AA batteries increases from $3.50 to S3.95 a set.
Explanation:
A product's price change is the sole reason for movement along the supply curve. The supply curve demonstrates the relationship between the price and the supply of a product. As per the law of supply, suppliers will supply more at higher prices.
A supply curve shows the volume that supplies will be ready to supply at different prices. An increase or decrease in price will cause the quantity of supply to change, as indicated by movement along the supply curve.
Answer:
They all value observation and organizing information and data.
Explanation:
Architects, carpenters, and building inspectors tend to be perfectionists that strive to achieve perfection, by gathering information and data.
