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NeTakaya
3 years ago
6

Which of the following statements is correct? Select one: a. Supply curve A is perfectly elastic. b. Supply curve C is more inel

astic than supply curve D. c. Supply curve B is perfectly inelastic. d. Supply curve D is unit elastic.
Business
1 answer:
natali 33 [55]3 years ago
6 0

The following statement supply curve A is perfectly elastic and supply curve B is perfectly inelastic are correct.

Explanation:

If there is no response from demand to prices and supply curve is vertical then the supply is perfectly inelastic.If there is more change in demand and very less change in price and supply curve is horizontal then the supply is perfectly elastic.

If the elasticity is greater than one that indicates high change in price known as Elastic supply. if the Elasticity is less than one that indicates low change in price then it is said to be Inelastic supply.

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The revenues of a company increased by 39% in year one and decreased 22% in year two. What is the overall change over the two-ye
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the overall hange is a net-gain of 17% as the company's total revunue experienced an overall positive outcome over said two year period. :)

3 0
3 years ago
Use the following information to compute NET INCOME.
maks197457 [2]

Answer:

c. $1,890

Explanation:

As for the provided information, we have

Net income is the income after allowing expenses of every nature, and after taxes, but does not include the dividend as is not an expense but allocation or distribution of profits.

Thus net income shall be as follows:

Sales - Expenses

Sales = $10,000

Expenses = $4,000 + $1,100 + $1,750 = $6,850

Profit before taxes = $3,150

Less: Taxes @ 40% = $1,260

Net Income = $1,890

Correct option is

c. $1,890

5 0
3 years ago
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3 years ago
The United States has laws meant to stop any one company from dominating
valina [46]
I think that it might be D
8 0
2 years ago
Gas costs $3 per gallon at a nearby gas station. there is a gas station about an hour away that has gas for sale for $2.90 per g
charle [14.2K]

The correct option is C.

He will likely lose money by driving an hour to get the discount gas.

<h3>What is  the opportunity cost ?</h3>

When compared to engaging in an alternative activity that offers a higher return on value or benefit, the opportunity cost of a specific activity option is the value or benefit that would be lost by doing that activity.

The word "opportunity cost" in economics describes the worth of what you must forgo in order to chose something else. It's a value of the path not traveled, to put it briefly.

<h3>Given that:</h3>

Gas is $3 per gallon.

The price per gallon is $2.90.

With 10 gallons of gas, the Salvador intends to go for an hour.

This means that the saver will have to spend money on gas by driving the car.

To know more about opportunity cost visit:

brainly.com/question/23950352

#SPJ4

I understand that the question you are looking for is:

Gas costs $3 per gallon at a nearby gas station. There is a gas station about an hour away that has gas for sale for $2.90 per gallon. Salvador plans to drive an hour to and from this gas station to fill his car up with 10 gallons of gas. What should Salvador understand before he launches into his plan?

A. The $30 savings are worth the drive to the other gas station.

B. He will save $3 by driving an hour to get the discount gas.

C. He will likely lose money by driving an hour to get the discount gas.

D. It is always better to buy something at the lowest price available.

8 0
1 year ago
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