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Agata [3.3K]
3 years ago
9

Which of the following is false? a. ​ In the long run, demand curves become more elastic b. ​ Products with many complements hav

e less elastic demand c. ​ Products with more close substitutes have more elastic demand d. ​ The demand for any individual brand is less elastic than industry aggregate demand
Business
1 answer:
matrenka [14]3 years ago
7 0

Answer:

d. ​ The demand for any individual brand is less elastic than industry aggregate demand

Explanation:

A consumer will change brand before leaving the market

as considering the consumer wants to maximize their utility it will always consume for that goal as the bran is a premium which provides utility as the price of that particular brand cuts form their competitors it will make the demad more elastic as i is cheaper to move toother suppliers

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Luebke Incorporated has provided the following data for the month of November. The balance in the Finished Goods inventory accou
vodka [1.7K]

Answer: $‭238,800‬

Explanation:

Adjusted Cost of Goods for November = Beginning Finished good inventory + Cost of goods manufactured  - Ending Finished goods inventory - Overapplied Overheads

Overapplied Overhead = Overhead applied - Actual Overhead

= 60,400 - 56,800

= $3,600

Adjusted Cost of Goods for November = 58,000 + 215,000 - 30,600 - 3,600

= $‭238,800‬

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3 years ago
What costs are considered “relevant” and which are considered “irrelevant “to a business
Klio2033 [76]

Answer:

Relevant costs are costs that will be affected by a managerial decision. Irrelevant costs are those that will not change in the future when you make one decision versus another.

Explanation:Examples of irrelevant costs are sunk costs, committed costs, or overheads as these cannot be avoided.

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3 years ago
Millner Corporation has provided the following data from its activity-based costing accounting system: Activity Cost Pool Total
ryzh [129]

Answer:

Activity rate = $176  per hour

Explanation:

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<em>Under this method, overheads are first analyzed and categorized by the activities responsible for them and then charged to product based on the amount of benefits enjoyed using cost drivers.  </em>

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Activity overhead for the period / Total cost drivers for the period   Designing products activity cost pool= designing cost /product design hours

        = $1372,448/7,798 hours

       = $176  per hour

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The answer is viral marketing

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3 years ago
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The situation is based on the research on beginning a firm, there two key production aspects which Darnell needs to succeed would be enterprise and expertise, based on the data supplied inside the question. He needs to learn a way to create, start-up, run a new business and get depth knowledge of both the arts.

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3 years ago
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