Answer:
C) An incremental innovation.
Explanation:
It is an incremental innovation because it's improving an existing product in some way. It would be a novel innovation if the product developed had been fully new and different from its predecessors.
Answer:
$2,300
Explanation:
Assuming that the requirements for qualified plan awards are otherwise satisfied, each award by itself would be excluded from income.
The excludable amount or deduction is $1,600 out of total amount of awards.
Total amount of awards = Design + Graphic + Employee of the year
= $1,340 + $1,775 + $785
= $3,900
Taxable awards = Total amount of awards – Excludable amount
= $3,900 – $1,600
= $2,300
However, because the $3,900 total value of the awards is more than $1,600, Keren must include $2,300 in his taxable income.
Answer:
The price elasticity of supply is about <u>0.87</u>.
Explanation:
The price elasticity of supply is the degree of responsiveness of quantity supplied to the change in price.
The midpoint method of calculating the price elasticity of supply uses the average percentage change in both quantity and price, and this is given as follows:
Price elasticity of supply = Percentage change in supplied / Percentage change in price
We therefore apply this as follows:
Percentage change in quantity supplied = {(New supply - Old supply) / [(New supply + Old supply) / 2]} * 100 = {(170 - 150) / [(170 + 150) / 2]} * 100 = 12.50%
Percentage change in price = {(New price - Old price) / [(New price + Old price) / 2]} * 100 = {(1.50 - 1.3) / [(1.50 + 1.30) / 2]} * 100 = 14.29%
Therefore, we have:
Price elasticity of supply = Percentage change in supplied / Percentage change in price = 12.50% / 14.29% = 0.87
Therefore, the price elasticity of supply is about <u>0.87</u>.
Note that since the price elasticity of demand of about 0.87 is less than 1, it implies that the relationship between the quantity demanded and the price is inelastic.
<u>Answer:</u> Option C both a merchant and a non-merchant e-commerce company.
<u>Explanation:</u>
Harry's cars website helps people to buy from different dealership. This shows that Harry's cars is a non merchant where the firm does not own the cars or have the title to sell goods they are just a platform to sell others goods.
Harry's Cars sells bumper stickers on the website where the company owns the goods and sells them to make a profit on the e commerce website. This action of the company proves that company is a merchant e-commerce company. So Harry's cars is both merchant and non merchant e-commerce company it is a combined model.
Answer:
Variable costs; Diminishing marginal returns; Fixed costs; Do not change.