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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.

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Frank is an employee of Guitar Makers, LLC. Guitar's employee manual states that workers, such as Frank, will be dismissed only
sladkih [1.3K]

Answer:

Contract theory

Explanation:

Contract theory -

It refers to the study of the ability of the people or the organisation to generate and develop the legal agreements is referred to as the contract theory .

The theory is based on economic as well as financial behaviors .

The method is helpful to provide information about the contracts and their provisions along with the memorandums of understanding and letters of intent .

Hence , from the given information of the question ,

The correct answer is Contract theory .

4 0
4 years ago
Kenneth is admired as a manager because of his ability to work well with others to get things done. Which type of skill is Kenne
riadik2000 [5.3K]

Answer:

Is teamwork skills

Explanation:

Working well in a team mean:

Work with a group to achieve a goal or shared result effectively

Listen to team members.

Take into account the ideas of all the team

6 0
3 years ago
Read 2 more answers
Which of the following does not allow a company to exclude a short term obligation from current liabilities? Group of answer cho
Neporo4naja [7]

Answer: Actually refinance the obligation.

Management indicated that they are going to refinance the obligation.

Have a contractual right to defer settlement of the liability for at least one year after the balance sheet date.

The liability is contractually due more than one year after the balance sheet date.

Explanation:

A current liability is an obligation payable within a year. A short term liability can be excluded from current abilities if management indicates that they are going to refinance it and show that they are capable of doing so.

Also if the company has a contractual right to defer settlement of the liability for at least one year after the balance sheet date, the short term obligation can be excluded.  The deferment means that it will be recognized in another period.

When the liability is contractually due more than one year after the balance sheet date, it stops being a current liability and becomes a non-current liability payable after a year.

3 0
3 years ago
Terrell Trucking Company is in the process of setting its target capital structure. The CFO believes that the optimal debt-to-ca
Semenov [28]

Answer:

a. Terrell's Optimal Capital Structure is 40:60. It means to obtain optimal capital structure in-order to increase value of firm, Terrell should finance 40% of its Assets through Debt and remaining through Common Equity.

b. The optimal Capital Structure is the point where company's WACC is minimized. So, 40:60 is the ratio where Terrell's WACC will be minimized.

Explanation:

The goal of Management is to increase Shareholders' wealth and not to generate profits because wealth is something that is for long-run whereas Profits are temporary. Management would accept projects having negative NPV if its goal is to maximize Profit.

Maximizing Shareholders' wealth means to increase the Share Price whereas Generating a higher EPS is Profit Maximization Strategy. So, you should look for that Capital Structure Point where the Company's Stock Price is Highest.

Thanks!

4 0
3 years ago
Suppose the consumer price index in 2010 was 100 and its corresponding basket of goods was $23,000. if that same basket of goods
Musya8 [376]

The value of the CPI in 2006 is 82.61.

<h3>What is the value of the CPI?</h3>

The consumer price index measures the changes in price of a basket of good. It is used to measure inflation. Inflation is when there is a persistent rise in the general price levels.

CPI = (cost of basket of goods in current period / cost of basket of goods in base period) x 100

2010 is the base year because its CPI is 100.

(19,000 / 23,000) x 100 = 82.61

To learn more about consumer price index, please check: brainly.com/question/26382640

#SPJ1

3 0
2 years ago
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