Answer: elastic; inelastic
Explanation:
A good is considered (elastic) when producers can quickly supply more or less of it based on changing prices while a good is considered (inelastic) when producers can quickly change how much of it is supplied when prices change.
In an elastic good, a change in price brings about a significant shift in the demand of such good while on the other hand, in an inelastic good, a change in price brings about an insignificant shift in the demand of such good.
Answer: 0 years
Explanation:
The payback period calculates the amount of time taken to recoup the initial investment made in a project or in the purchase of a machine or building. It calculates how long the cumulative cash flow generated from a project equals the cost of the project.
The payback period for both machines are zero years because the cumulative cash flow is less than the cost of the machine.
For machine A - cumulative cash flow- $-47,000 is less than -$71,000
For machine B - cumulative cash flow, -$7,000 is less than -$52,000
Explanations on how the figures were derived is found in the attached tables.
The answer is the inflation from 2005 to 2006 has changed by [3.6%]
Answer:
A. $ 8 comma 730.
Explanation:
The computation is shown below:
For 1 - 30 days
= $61,000 × 2%
= $1,220
For 31 - 60 days
= $44,000 × 5%
= $2,200
For 61 - 90 days
= $21,000 × 11%
= $2,310
Over 90 days
= $9,000 × 50%
= $4,500
So, the total amount is
= $1,220 + $2,200 + $2,310 + $4,500
= $10,230
Now the Account Expense is
= Total expense - credit balance
= $10,230 - $1,500
= $8,730
Answer:
d. 12.5%.
Explanation:
Price elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price.
If the price elascitiy of supply is 0.4, it indicates that supply is inelastic. This means that a change in price has little effect on quantity supplied.
Price elasticity of supply = percentage change in quantity supplied / percentage change in price
0.4 = 5% / percentage change in price
percentage change in price = 12.5%
I hope my answer helps you.
