The answer would be A. Shoes.
It is implied that a good has an inelastic supply if the supplier does not have a choice other than producing it despite the change in production cost. This would as well apply to the buyer, who needs the product no matter the pricing.No one can live without shoes, despite a spike in prices, we still need to buy them.
<span>These are typically conservative viewpoints. They are usually linked with the right half of the political continuum. They are usually linked to a wish to bring back so-called "better times" and "conserve" the ways of the past, when, as the ideology goes, there was less agitation for change and less willingness to accede to that change.</span>
Answer:
A. Seed Capital
Explanation:
Seed capital is the initial funding that is required when an entrepreneur wants to take on a new business venture. This is crucial for any business to develop and grow. When taken literally, assume that you want to grow a plant. In order to do this, you would require the seed of that plant, without which, no rich soil, sun or water will help.
The seed capital satisfies the same purpose with a business. If this is unavailable, the business cannot be set up and run. This is the money that is necessary to begin preliminary activities such as research and development, market research and business plan development. Seed capital contains a lot of risk for the investor since it involves investing in a business that has not yet functioned and has no profits or sales records. Generally, investors who provide seed capital do so for a stake in the business such as family and friends rather than a bank or loan institution.
Opening up of the world's market to trade, Development of better transportation, communications, and technology, <span>Cross border business partnerships. Hope this helps:)</span>
Based on the base-case analysis of the firm's variable cost and the upper bounds anticipated, the worst case for variable cost per unit is $52.50.
<h3>What is the worst case for variable costs?</h3>
The worst case scenario for expenses would be a situation where they are higher instead of lower.
This means that the upper bound of the variable cost will be applied to find the worst case scenario:
= Base case analysis amount x (1 + upper bound)
= 50 x (1 + 5%)
= $52.50.
Find out more on variable costs at brainly.com/question/5965421.