Answer: False
Explanation:
The price elasticity of supply measures the change in quantity supplied when the price changes.
The basic trend is that when price increases, quantity supplied increases as well. The reverse is true.
Price elasticity of supply = %Change in quantity supplied / % change in price
0.5 = -6% / Change in price
0.5 * Change in price = -6%
Change in price = -6% / 0.5
= -12%
The statement above is therefore false because price should have reduced by 12% for quantity supplied to reduce by 6%
Answer:
D. total variable costs
Explanation:
A purely competitive firm should produce in the short run if its total revenue is sufficient to cover its <u>total variable costs</u>.
In short run, fixed cost had to be incurred even if it shuts down. So it should operate as long as price is greater than average variable cost.
Answer: D) A custom built house
Explanation:
Job Order Costing determines the cost of each specific good instead of grouping them all together. When making goods that vary in type, this is the best type of costing method to use as it will take into account the unique cost objects used.
Custom built houses will require cost objects that are different from standadized houses. A specific design will have to be used, non standard material and the like will be used as well. This means that when computing cost, it will have to be specific to the needs of the custom house so it is most probable that Job Order Costing was used.
Answer:
a. 12.60%
Explanation:
The information given above that can be useful is the Risk Free rate and risk premium to calculation of cost of retained earnings.
We know that the calculation of cost of retained earnings =Cost of retained earnings = Risk Free rate + risk premium
= 8.75% + 3.85%
= 12.6%
Therefore the correct answer is a. 12.60%
Answer:
The major theorists considered to have prepared the ground for Humanistic Psychology are Otto Rank, Abraham Maslow, Carl Rogers and Rollo May. Maslow was heavily influenced by Kurt Goldstein during their years together at Brandeis University. Psychoanalytic writers also influenced humanistic psychology. i hope this helps
Explanation:
