<span>The government must control the money payment.</span>
For produced goods, supply is typically more elastic over the long term compared to the short term because it is generally believed that over the long term, all production factors can be used to increase supply, whereas over the short term, only labor can be increased and even then, changes may be prohibitively expensive.
Because consumers don't have time to look for alternatives, demand is typically more price inelastic in the short term. Consumers eventually grow more aware of their options. The responsiveness of demand to a change in price is measured by price elasticity of demand. Electricity demand's price elasticity is higher over the long term and lower over the short term.
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Answer:
The opportuniy cost is the cost of forgoing one alternative.
In this case, the opportunity cost of Task B is the value of Task C, which is $50,000.
This is because the owner has hired two managers, one to do Task A, and another to do Task B, which leaves Task C unattended.
Electronic banking refers to the process of performing a bank function without human intervention.
So Using an ATM for withdrawing money would be the the best example for electronic banking.
So the answer is option D, Using an ATM
Answer: Impairment loss of $145,100
Explanation:
First find the Net book value:
= Cost - Accumulated Depreciation
Depreciation = (791,000 - 75,000) / 20
= $35,800
Net Book value = 791,000 - (35,800 * 10.5 years)
= $415,100
Find Net Realizable Value which is the lower amount between the future net cash flows and fair value.
= $270,000
Impairment loss = Net realizable value - Book value
= 270,000 - 415,100
= ($145,100)