Answer:
The Production Possibilities Curve (PPC) is a model that captures scarcity and the opportunity costs of choices when faced with the possibility of producing two goods or services. Points on the interior of the P PC are inefficient, points on the P PC are efficient, and points beyond the PPC are unattainable
Explanation:
Answer:
See below
Explanation:
The dining set cost $1500.
A 20% off sale present a discount amount equal to
=20/100 x $1500
=0.2 x $1500
=$300.
The 20% off sale has a savings of $300 compared to the $200 rebates or $150 coupon.
If the Porters budgeted $1,250, and the dining set is $1500, the 20% off sale will require them to pay $1,200, which is within their budget.
Users of managerial accounting information include managers, engaged employees, lenders, and investors.
Accounting , also known as, is the measurement, processing and transmission of financial and non-financial information about economic entities such as firms and enterprises. Accounting, called the "language of business", measures the results of an organization's economic activities and communicates that information to various stakeholders such as investors, creditors, managers and regulators. Accounting practitioners are known as accountants. The terms "accounting" and "financial reporting" are often used interchangeably.
Accounting can be divided into several areas such as financial accounting, operational accounting, tax accounting and cost accounting.
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Answer:
D. highly elastic
Explanation:
As we know that the price and the quantity demanded has an inverse relationship as per the law of demand.
In the high elastic demand, if the price changes slightly then it would have a big impact on the quantity demanded.
In the given scenario, if the gas stations change the price either increase or decrease, the quantity demanded significantly decreased which reflects that the demand is highly elastic