Answer:
The correct answer is option b.
Explanation:
The term Ceteris paribus is a Latin phrase which means holding other things constant.
Ceteris paribus in the law of demand means keeping other market constant, the demand for a commodity will change with change in the price.
The other market factors here are income, population, taste and preferences etc.
Most private enterprise mainly run to gain profit
Answer and Explanation:
The classification is as follows;
1. Since the wages are to paid for supervising the assembling process so the same is related to the factory operations therefore considered to be the manufacturing overhead cost
2. The wages paid to the accountant so classified as the administration cost
3. The depreciation is the manufacturing overhead cost as it is the indirect cost.
4. The rent facility should be classified as the manufacturing overhead cost and distributed as per the cost drivers.
Answer:
a. 0.60
Explanation:
The formula to compute the price elasticity of supply using the midpoint formula is shown below:
= (change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity supplied is
= Q2 - Q1
= 30 - 20
= 10
And, average of quantity supplied is
= (30 + 20) ÷ 2
= 25
Change in price is
= P2 - P1
= $20 - $10
= $10
And, average of price is
= ($20 + $10) ÷ 2
= 15
So, after solving this, the price elasticity of supply is 0.60
It can be any of them but i think simple deposit multiplier = 1/1RR
