1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vfiekz [6]
3 years ago
13

If a fisherman must sell all of his daily catch before it spoils for whatever price he is offered, once the fish are caught, the

fishermanâs price elasticity of supply for fresh fish is
a. zero

b. one.

c. infinite.

d. unable to be determined from this information.

e. two.
Business
1 answer:
SpyIntel [72]3 years ago
6 0

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.

You might be interested in
Which of these transactions occurring in 2011 would contribute to gdp for 2011?
skad [1K]

The transactions occurring in 2011 that would contribute to gdp (Gross Domestic Product) for 2011 is : Boeing sells a 787 aircraft produced in 2011 to a Korean airline.

8 0
3 years ago
Personal Selling is :
Firlakuza [10]

Answer:

Option A. The two-way flow of communication between a buyer and seller, often in a face-to-face encounter, designed to influence a person’s or group’s purchase decision.  

Explanation:

The reason is that the personal selling is the face to face selling which means two way flow of communication is necessary. The seller will use his marketing exprience to influence the buyer which results in greater sales and customer satisfaction. So it is the face to face selling method which most of the companies opt and this way of selling is known as personal selling.

4 0
3 years ago
Sarah has a toothache. She believes it may be due to her not having regular dental checkups in the past. She now wants to find a
Ilia_Sergeevich [38]

Answer:

Credence properties

Explanation:

Dentistry has a Credence property because it is a Service provided by medical specialized professionals. medical diagnoses and legal services have credence properties, or characteristics. A consumer may find a service with Credence property impossible to evaluate even after purchase and consumption. To reduce this uncertainty, service consumer like Sarah turns to personal sources of information like her friends during the purchase decision process

8 0
3 years ago
A good way to show your boss that you are dependable is to _____. a. arrive early b. arrive with snacks c. arrive late d. arrive
myrzilka [38]
A. Arrive early.

Explanation:

Dependable: Trustworthy and reliable.

B. Arriving with snacks doesn’t get you anywhere.

C. Arriving late isn’t even up for debate.

D. A day off is a day off for a reason, go home pal.
3 0
3 years ago
Read 2 more answers
The cost of goods sold for Michaels Manufacturing in the current year was $233,000. The January 1 finished goods inventory balan
VMariaS [17]

Answer: d. $240,400

Explanation:

To calculate the Cost of Goods sold for the year we simply add the Opening Balance of Finished goods to the Cost of Goods for the year and then subtract the Finished goods balance at year end (ending).

That would be,

= 233,000 + 31,600 - 24,200

= $240,400

$240,400 is the Cost of Goods sold for the year so Option D is correct.

8 0
3 years ago
Other questions:
  • Troy starts a job right out of college. He feels lucky to have found a position in the financial industry. Troy knows that he ne
    15·1 answer
  • When society requires that firms reduce pollution, there is a. a tradeoff because of reduced incomes to the firms' owners and wo
    6·1 answer
  • Which materials recycling would reduce the largest portion of america's trash?
    8·1 answer
  • The international organization for standardization (iso) organizes its standards by both the international classification for st
    9·1 answer
  • Automated bidding does the heavy lifting for advertisers on Google Ads. What does automated bidding use to set the right bid for
    13·1 answer
  • Wright Company sells merchandise with a one-year warranty. This year, sales consisted of 2,000 units. It is estimated that warra
    15·1 answer
  • Current exchange rate (Feb 15, 2018) is .8011 Euro/$. You speculate the exchange rate will be .8210 Euro/$ on Mar 15, 2018. You
    14·1 answer
  • 1+2+3+4+5+6+7+8+9+10+11+12+13+14
    10·2 answers
  • As a preferred stockholder, you are entitled to numerous preferences and privileges over common stockholders. If you are a prefe
    5·1 answer
  • Low inflation is a sign of?
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!