Answer:
(B) 40%
Explanation:
↓Q / ΔPrice = Price-elasicity
The price elasticity is the relationship between a change in price with the quantity demanded of a certain good assuming, other factor remains constant.
ΔPrice = (P0 - P1)/((P0 + P1)/2) = (2 - 6)/((2+6)/2) = 4/4 = 1
We know that price elasticity is 0.4
Now we can solve for the change in the quantity demanded:
↓Q/ 1 = 0.4
↓Q = 0.4 x 1 = 0.40 = 40%
The adoption of interchangeable parts is the statement that directly explains the boost in production of mccormick reaper.
<h3>What is
mccormick reaper?</h3>
The mccormick reaper is a mechanical mechanism that was created by Cyrus McCormick for farmers to harvest crops mechanically.
In conclusion, the adoption of interchangeable parts is the statement that directly explains the boost in production of mccormick reaper.
Read more about mccormick reaper
<em>brainly.com/question/487638</em>
Answer:
$21
Explanation:
As we know that
The inventory should be recorded in the books of accounts by applying the lower value of cost or net realizable value
In the given case
The cost is $23
And, the net realizable value is
= Expected selling price - selling cost
= $36 - $15
= $21
So by comparing the cost and net realizable value, the net realizable value contains the lower value i.e $21 and the same is recorded on the balance sheet for inventory
Answer: (C) Decline
Explanation:
The decline stage is one of the type of last stage in the product life cycle as it basically representing the actual behavior of the product in the market which results in the form of negative growth.
The decline stage basically demonstrating about the decrease sales and also the profit of the products in an organization.
According to the given scenario, the television western is one of the type of category that entering into the decline stage due to the change in the taste of the customers.
Therefore, Option (C) is correct answer.
product advertising is the answer