That happens during a bull market
Answer:
The corm farmers should reduce or decrease the number of acres on which they plant the corn. Therefore, the correct answer is C
Explanation:
The demand for the product is inelastic which means it is a situation or scenario in which the demand of the product does not increase or decrease likewise with rise or fall in the price of the product.
In order to increase the aggregate revenue on the product (corn) whose revenue is inelastic, the farmers should decrease the number of acres on which they grow or plant the corn.
One reason that it is important not to leave your personal information on a public computer is identity theft.
If you are logged into a personal site on a public computer and the information is accessed by someone else you could have your identity stolen. A dishonest person could use the personal information to apply for credit in your name.
Answer:
a. 0.36
Explanation:
The computation of the gross profit rate is shown below:
Gross profit rate = Gross profit ÷ Net sales revenue
where,
Net sales revenue = Sales revenue - Sales return and allowances - sales discounts
= $160,000 - $3,000 - $7,000
= $150,000
And, the Cost of goods sold is $96,000
So, the gross profit is
= $54,000 ÷ $150,000
= 0.36
Answer:
above $3.00
Explanation:
A price ceiling is when the government or an agency of the government sets the maximum price for a good or service. A price ceiling is non binding if it set above equilibrium price. So price above $3 is non binding. A non binding price ceiling has no effect on the market price.
Price ceiling is binding if it is set below equilibrium price.
Equilibrium price is where the demand and supply curve intersects.
I hope my answer helps you
