1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Natali5045456 [20]
3 years ago
14

A key determinant of the price elasticity of supply is the

Business
1 answer:
alina1380 [7]3 years ago
8 0

Answer:

The ability of sellers to change the amount of the good they produce.

Explanation:

Price elasticity of supply: It is an economic measure to check the responsiveness of quantity supplied to the change of price. As per the law of supply, the supply of quantity increases with the increase in the price of goods and services and vice versa. The numerical value of elasticity indicates how is the response of quantity supplied to the price of the product. As zero indicates no response to the change in price and 1 indicate a higher response to the price of the product.

The key determinant of the price elasticity of supply is how well the seller is able to change the quantity supplied as per the price in the market.

You might be interested in
______________ is when a product is included inside a TV show or movie. A. Product placement B. A commercial C. Promotion D. Ins
Bogdan [553]
I think its A product placement.. its when for example in a Tv show someone drinks coca cola, its so people see it and then they might buy it even though they dont know its hidden advertisement
7 0
3 years ago
A company manufactures various-sized plastic bottles for its medicinal product. The manufacturing cost for small bottles is $50
borishaifa [10]

Answer:

a. $(8000)

b. Company should choose alternative 1 and make bottles.

Explanation:

Particulars               Make Bottles            Buy Bottles  Differential

                                Alternative 1             Alternative 2

Purchase Price                  0                       $37                               $(37)

Freight Charges                 0                       $4                                $(4)

Variable cost                    $33                                                          $33

Fixed Cost                        $17                     $17                                  0

Cost per unit                    $50                    $58                              $(8)

Income / (Loss)                 $50,000            $58,000                      $(8,000)

b. The company should choose alternative 1 and make bottles. The buying of bottles will cost company loss of $8,000.

3 0
3 years ago
Ataxia Fitness Center is considering an investment in some additional weight training equipment. The equipment has an estimated
Levart [38]

Answer:

6.71 years

Explanation:

we need to determine the PVIFA for 8% and 10 periods:

PVIFA = [1 - 1/(1 + i)n ] / i

PVIFA = [1 - 1/(1 + 0.08)¹⁰ ] / 0.08 = 0.5368 / 0.08 = 6.71

Ataxia's payback period should be 6.71 years or less in order for this project to be feasible and accepted.

6 0
3 years ago
Given that you invested $1,000 initially, how much did you make during the year? what was your return as a percentage?
STatiana [176]
Well it all depends on what you invested on and what was your outcome
5 0
3 years ago
Which of the following is true with respect to the auditors' report on summary financial statements?
son4ous [18]

Answer:

D) The report will express an opinion on whether the summary financial statements present the financial condition, results of operations, and cash flows in accordance with generally accepted accounting principles.

Explanation:

The only statement which is true is that which states : The report will express an opinion on whether the summary financial statements present the financial condition, results of operations, and cash flows in accordance with generally accepted accounting principles.

8 0
3 years ago
Other questions:
  • Pizza Hut's website __________ are integrated with the company's overall communications programs - including traditional media -
    6·1 answer
  • Suppose that on January 6, 2018, Excel Motors paid $240,000,000 for its 45% investment in Dynamic Motors. Excel has significant
    12·1 answer
  • Which of the following is not one of the three most common core ERP components focusing on internal operations? A. Accounting an
    10·1 answer
  • A disadvantage associated with obtaining goods and services externally includes:
    13·1 answer
  • Chinchilla, Inc. uses activity-based costing. The company produces X and Y. Information relating to the two products is as follo
    12·1 answer
  • The BEST example of a company resource is
    8·1 answer
  • The demand schedule for a good Group of answer choices
    15·1 answer
  • When marketers strive to get their customers the merchandise they want, when they want it, in the required quantities, and at a
    15·1 answer
  • Zach wants to take his family on a cruise in 4 years and he estimates the cost of the cruise will be $16,500. How much money sho
    7·1 answer
  • The Berne Conventions provides for international protection of copyrights.<br><br> True<br> False
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!