Answer:
C) marginal revenue in the price-elastic market exceeds marginal revenue in the price-inelastic market
Explanation:
Marginal revenue will increase as the price elasticity of demand increases. When marginal revenue is positive, the demand is elastic, when marginal revenue is negative, the demand is inelastic.
Therefore if the company sets the same price for different markets, the marginal revenue will be higher where the price elasticity of demand is higher (more elastic). But it will be lower where the price elasticity of demand is lower (more inelastic).
Answer:
Explanation:
The journal entry is shown below:
Cash A/c Dr $30,000
Accumulated Depreciation - Equipment A/c $12,494
To Equipment A/c $40,606
To Gain on Disposal of Equipment $1,888
(Being sale of machinery is recorded and the remaining balance is credited to the Gain on Disposal of Machinery A/c)
The computation is shown below:
= $30,000 + $12,494 - $40,606
= $1,888
Answer:
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The correct answer among the choices listed is the second option. Scarcity is the term that would mean "limited resource". It is the state of having shortage or small amount of supply with a high value of demand. Hope this helps.