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goldenfox [79]
3 years ago
8

Under which conditions is price elasticity of supply relatively elastic or relatively inelastic?

Business
1 answer:
Ulleksa [173]3 years ago
6 0

Answer:

1. Firms are operating in the short run  - relatively inelastic

2. Firms would have a hard time storing their goods  - relatively inelastic

3. Firms have a large amount of excess capacity  - relatively elastic

4. Firms can easily relocate from one location to another - relatively elastic.

Explanation:

The price elasticity of supply is less in the short run than in the long run. In the short run supplier does not have enough time to adjust the production level so supply is inelastic. The firms facing hard to store their goods then the supply is inelastic. If the firm has spare capacity available then the supply is relatively elastic because supplier can produce more if the demand is greater.  The mobility factor also effects elasticity, if firm can easily relocate itself then the supply is elastic.

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Gaw Company owns 15% of the common stock of Trace Corporation and used the fair-value method to account for this investment. Tra
ivann1987 [24]

Answer:

The correct answer is option (B).

Explanation:

According to the scenario, the given data are as follows:

Net income = $110,000

Dividends paid = $60,000

Common stock owns = 15%

So, we can calculate the income for particular investment by using following method:

Income to be recognized = Dividends paid × Common stock owned

by putting the value, we get

= $60,000 × 15%

= $60,000 × 0.15

= $9,000

Hence, the income to be recognized on this investment is $9,000.

6 0
3 years ago
To compare two programs for training industrial workers to perform la skilled job, 10 workers are included in an experiment. All
Alex17521 [72]

If we compare the p value and the significance level assumed  we see that  so we can conclude that we have enough evidence to reject the null hypothesis, and we can conclude the the true mean for method 1 is lower than the mean for the method 2 at 5% of significance.

<h3>Data given and notation</h3>

We can calculate the sample mean and deviation with these formulas:

represent the mean for the sample mean for 1

represent the mean for the sample mean for 2

represent the sample standard deviation for the sample 1

represent the sample standard deviation for the sample 2

sample size selected 1

sample size selected 2

represent the significance level for the hypothesis test.

t would represent the statistic (variable of interest)

represent the p value for the test (variable of interest)

State the null and alternative hypotheses.

We need to conduct a hypothesis in order to check if the average time taken when training under method 1 is less than the average time for Method 2, the system of hypothesis would be:

<h3>Null hypothesis:</h3>

Alternative hypothesis:

If we analyze the size for the samples both are less than 30 so for this case is better apply a t test to compare means, and the statistic is given by:

(1)

t-test: "Is used to compare group means. Is one of the most common tests and is used to determine whether the means of two groups are equal to each other".

Calculate the statistic

We can replace in formula (1) the info given like this:

 P-value

The first step is calculate the degrees of freedom, on this case:

Since is a one sided test the p value would be:

To learn more about  null hypothesis visit the link

brainly.com/question/16261813

#SPJ4

5 0
2 years ago
A __________ is a person or organization that maintains a business relationship with, and uses service from, cloud providers.
Alenkinab [10]
A cloud consumer is a person or organization that maintains a business relationship with, and uses service from, cloud providers.
3 0
1 year ago
Betty, the operations manager at Unilinks Products Co., is facing a lot of issues in coordinating the manufacturing operations i
Alex73 [517]

Answer:

Supplier relationship management

Explanation:

Supplier relationship management, is all about interacting with and managing third-party vendors that provide services, goods and materials to an organization. you choose Suppliers are chosen because of their cost-efficiency and easy to work with to maximize the value of the relationship.This is what Betty is trying to incorporate in the system.

6 0
3 years ago
Determine which of the following bags of chips of comparable quality has the lowest per-unit cost and, thus, is the best buy.A.
Leto [7]

Answer:

B. Brand B, 10 oz. bag for $3.90

Explanation:

The lowest per unit cost of different brands can be calculated using the following formula

Cost per oz=Cost per bag/number of oz in that bag

Brand A Cost per oz=3.60/8=$0.45

Brand B Cost per oz=3.90/10=$0.39

Brand C Cost per oz=6.50/16=$0.406

Brand D Cost per oz=0.59/1=$0.59

So the answer is B. Brand B, 10 oz. bag for $3.90

5 0
3 years ago
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