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2 years ago

A relatively flat demand curve indicates that the demand for a product is very sensitive to a change in price.TrueFalse

Business

1 answer:

Free_Kalibri [48]2 years ago

3 0

Answer:

True.

Explanation:

A flat demand curve for a particular product indicates that the product is very sensitive to a change in the price level and on the other hand, a steeper demand curve indicates that any change in the price level doesn't have a effect on quantity demanded or have a little impact.

Elasticity of demand refers to the responsiveness of quantity demanded with any change in the level of price of the product.

The demand for these products is more elastic because a slightly change in the price level of a product will result in a large change in the quantity demanded for that product.

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Verizon Manufacturing Company spent $400,000 in 2019 to inspect incoming components. Of the $400,000, $240,000 is fixed appraisa

eimsori [14]

Answer:

The question is incomplete, the option include:

$20,000 decrease.
$45,000 decrease.
$80,000 decrease.
$160,000 decrease. is Correct
$320,000 decrease.

Explanation:

1. In 2019 the number of finished units with internal faults = $400,000 completed units * 0.05 = $20,000.

2. In 2020 the number of finished units with internal faults = $20,000* (1 -0.1) = $18,000.

3. In 2020, the projected cost of internal failure= $18,000 * $80= $1,440,000;

4. In 2019 the expense of internal failure= $20,000 * $80 = $1,600,000.

5. Projected shift in the cost of internal failure = $1,600,000 - $1,440,000 = decrease of $160,000

4 0

2 years ago

The term "spreading the financial statements" refers to __________

wolverine [178]

Answer:

The correct answer is letter "B": creating common-size financial statements.

Explanation:

In financial accounting, the phrase "spreading the financial statements" equals recording the common-size financial statement. By this, information is displayed in the Balance Sheet as a percentage of a common base figure. The common-size statement typically uses total sales revenue as the common base.

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2 years ago

In economics, the cost of something is a. always measured in units of time given up to get it. b. the dollar amount of obtaining

Paha777 [63]

Answer:

The correct answer is C

Explanation:

Economies is the study of how the society uses the resources which are limited and it deals with the consumption, production as well as distribution of the goods and services.

And under the economics the cost of something like or product is defined as what the person give up in order to get something.

For example, a person wants to purchase to product, he needs to give up the money against it in order to have the product or item with him.

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2 years ago

Kelly noticed her debit card was not in her wallet where she usually keeps it. She quickly checked her car and her desk, but was

GarryVolchara [31]

Answer: I think she should choose D.

Explanation: D because, she should call the bank freeze all of her accounts before anyone can find her cards, and then she can get a new card.

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2 years ago

Read 2 more answers

If a firm is selling a search good it is more likely to

Hitman42 [59]

If a firm is selling a search good, you will no doubt find them using informational advertising to promote their product because it has proven to be the most effective for this type of good. On the other hand, if they are selling an experience good, the advertising they will probably employ is persuasive advertising. Many companies have spent millions of dollars researching the best form of advertising for each product they offer for sale.

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2 years ago