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nikdorinn [45]
3 years ago
7

The demand for emeralds tends to be very elastic. This is because emeralds are more of a _____________. It also means that a 33%

off sale on emerald necklaces would bring about _________________ in the total revenue of the emerald necklace supplier.A) luxury item, a decreaseB) necessity, an increaseC) luxury item, an increaseD) luxury item, no changeE) necessity, no change
Business
1 answer:
Natalka [10]3 years ago
8 0

Answer:

C) luxury item, an increase

Explanation:

Price elasticity of demand measures the responsiveness of quantity demanded to changes in price.

An elastic demand means a small change in price leads to a greater change in quantity demanded.

A luxury good is a good that isn't a necessity. They are usually bought as a status symbol.

Luxury goods usually have elastic demands.

Emeralds are luxury goods and if there's a fall in price of emeralds the quantity demanded of emeralds would rise.

I hope my answer helps you

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The owner of Crackers, Inc., produces two kinds of crackers: Deluxe (D) and Classic (C). She has a limited amount of the three i
yulyashka [42]
It’s A because if u multiple the ounces and add them together the make less then 4,800
4 0
4 years ago
Which of the following journal entries is recorded correctly and in the standard format?
Zanzabum

Answer:

D. Salaries and Wages Expense 530

Advertising Expense 910

Cash 1440

Explanation:

Salaries and wages expense, and advertising expense, are expenses, therefore, when they increase, they are debited.

Cash is an asset account, when it decreases, as in this case, it is debited.

The entry would be:

Account                                        Debit              Credit

Salaries and Wages Expense     530

Advertising expense                   910

Cash                                                                      1440

3 0
3 years ago
When job 117 was completed, direct materials totaled $4,400; direct labor, $5,600; and factory overhead, $2,400. a total of 1,00
Viefleur [7K]
To solve: add up all in the labor costs and then divide by the number of units produced to get the per unit cost of the labor.

<span>Direct materials = $4,400
Direct labor = $5,600
Factory overhead = $2,400
Units produced = 1,000

Per unit cost = ($4,400 + $5,600 + $2,400)/1,000
Per unit cost = $12,400/1,000
Per unit cost = $12.40</span>
4 0
4 years ago
The balance sheet of Flo's Restaurant showed total assets of $600,000, liabilities of $160,000 and stockholders’ equity of $540,
telo118 [61]

Answer:

C. $250000

Explanation:

Given:

Total assets = $600,000

Liabilities = $160,000

Stockholders’ equity = $540,000.

Fair value of the restaurant assets = $680,000

Alice Company pays = $770,000

Goodwill is when a company looking to acquire another company is willing to pay a price significantly higher than the fair market value of the company’s net assets.

Net Assets = Fair value of assets - Total Liabilities

= $680000 - $160,000

= $520,000

Amount of Goodwill = cash paid - net assets

= $770,000 - $520,000

= $250000

4 0
3 years ago
If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country
Nostrana [21]

If country A exports $10 billion worth of goods to country B and imports $8 billion worth of goods from country B, then country A has a(n): $2 billion trade surplus with country B.

<h3>What is long run market in business?</h3>

When a country exports more than it imports, it is said that the country has a trade surplus. On the other hand, when a country imports more than it exports, it is said that the country has a trade deficit.

The term "long run" refers to a time frame during which all cost and production elements are movable. A business will eventually look for the production technology that will enable it to produce the necessary level of output for the least amount of money.

The long run is a theoretical concept in economics where all markets are in equilibrium, all prices have fully adjusted, and all quantities are in equilibrium. The short-run, where there are certain restrictions and markets are not completely in equilibrium, contrasts with the long-run.

To know more about long run market, refer:

brainly.com/question/14145469

#SPJ4

7 0
2 years ago
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