Answer:
b. Demand is unit elastic, and a decrease in price causes an increase in revenue
Explanation:
According tothe revenue theory in economics
when the demand is inelastic the relationship within price and total revenue is direct. either both increases or decreases
when the demand is elastin this relationship is inverve, teh increase in price generates a decrease in total revenue
while their decrease an increase.
But, if the demand is unit elastic then, there is no variation at all
According to this theory, option B is impossible.
Answer:
1. Decrease in accounts payable during a period - Deducted from net income (B)
2. Declaration and payment of a cash dividend - Cash outflow (financing activity
) (E)
3. Loss on disposal of land - Added to net income (A)
4. Decrease in accounts receivable during a period - Added to net income (A)
5. Redemption of bonds for cash - Cash outflow (financing activity) (E)
6. Proceeds from sale of equipment at book value - Cash inflow (investing activity
) (D)
7. Issuance of common stock for cash - Cash inflow (financing activity) (F)
8. Purchase of a building for cash - Cash outflow(investing activity
) (C)
9. Acquisition of land in exchange for common stock - Significant non-cash (investing and financing activity
) (G)
10. Increase in inventory during a period - Deducted from net income (B)
Answer:
B. False
Explanation:
Since in the question, it is mentioned that Erney applied for a carpentry apprenticeship program. Also he took the test. This is not a illegal as if he wants to work in two specialized field than he could co but the work should be legal in nature and both the work are legal itself
Hence, the given statement is false
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