Answer:
Zero
Explanation:
Supply is buyers ability & willingness to sell at given price, period of time.
Elasticity of Supply is change in supply by buyers, in response to price change.
Supply Elasticity is as undermentioned in following cases :-
- Zero (Perfectly Inelastic) - Quantity supplied doesn't change with price change.
- Inelastic - Quantity supplied change < price change.
- Elastic - Quantity supplied change > price change
- Infinite (Perfectly Elastic) - Quantity supplied responds infinitely high to price change, prices stay constant.
Given : Fishermen must sell all his daily catch before it spoils; means he will have to sell daily produce <u>irrespective</u> of any price change (rise / fall). So, the elasticity of supply is zero.
Websites?? No, never. Someone could use it for things you wouldn't want anyone to use them for.
Answer:
Option (C) is correct.
Explanation:
Abigail deduct in depreciation:
= Total value of three sculptures - (Utility expenses + Supplies expenses)
= $3,200 - ($1,200 + $1,500)
= $3,200 - $2,700
= $500
Since, it is given that the sculpting is considered as a hobby and we know that hobby expenses are deductible to the extent of hobby income of $3,200.
Further, they are deducted in a specific order
:
-
Allowable such as property taxes and interest;
- Related to the activity other than those that decrease basis;
- Things which reduces basis (depreciation).
Answer:
$2.45 per machine hour
Explanation:
The computation of the manufacturing overhead rate is given below:
Given that
Overhead costs are expected = $309,680
Estimated machine usage = $126,400 hours
By using the above information, the manufacturing overhead rate is
= Expected overhead cost ÷ Estimated machine usage
= $309,680 ÷ 126,400
= $2.45 per machine hour
Your answer should be: "There is not enough information to answer." Hope I helped! :)