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
dybincka [34]
3 years ago
12

Elasticity is a. a measure of how much buyers and sellers respond to changes in market conditions. b. the study of how the alloc

ation of resources affects economic well-being. c. the maximum amount that a buyer will pay for a good.
Business
1 answer:
MrRa [10]3 years ago
3 0

<u>Answer:</u>

Elasticity is  a measure of how much buyers and sellers respond to changes in market conditions.

<u>Explanation:</u>

Elasticity is a measure of a variable's responsiveness to a variation in another variable, most generally this consciousness is the variation in price applicable to fluctuations in other factors. It is predominantly practiced to evaluate the shift in consumer interest as a consequence of a variety in a good or service's price.

A product is supposed to be elastic if the quantity requirement of the product evolves drastically when its price rises or drops. Conversely, a product is deemed to be inelastic if the volume requirement of the product varies very little when its value alternates.

You might be interested in
Which statement(s) is (are) TRUE? I. Technological knowledge refers to the physical capital that is used to make goods and servi
uranmaximum [27]

Answer:

Option 2 is only correct.

Explanation:

The reason is that the physical capital is the physical assets used for production of goods and services whereas the Technological knowledge refers to the knowledge of increasing the productivity by utilizing physical capital. So these two statements were incorrect.

The second statement is correct because the better tools or technology we have the better we can produce. This means these technological tools helps workers to produce more so the statement is correct.

3 0
3 years ago
Consider the stock of ocean tuna which is massively overfished. it is rational for an individual to exploit the resource rather
Aleksandr [31]
<span>Ocean Tuna is massively overfished even though there is already an abundant supply. The reason for this is that it cost less to harvest the fish than it does to maintain a stock of the fish. This answer however, is still debated by some experts who argue that this method is not healthy for our oceans.</span>
3 0
3 years ago
The first three steps to allocating manufacturing overhead are taken before the year begins and include all of the following exc
maks197457 [2]

Answer: D. Allocating some manufacturing overhead to each individual job

Explanation:

The first three steps to allocating manufacturing overhead are taken before the year begins does not involve allocating some manufacturing overhead to each individual job as this would affect the manufacturing process.

5 0
3 years ago
20. Which of the following is not a difference between monopolies and perfectly competitive markets? a. Monopolies can earn prof
Naily [24]

Answer:

The correct answer is option c.

Explanation:

A perfectly competitive market has a large number of buyers and sellers. The firms are price takers and the price is determined by the market forces. Thus the monopoly firms face a horizontal demand curve. This horizontal line represents price, average revenue, and marginal revenue. The equilibrium is obtained where price, (average revenue and marginal revenue) is equal to marginal cost. There is no restriction on entry and exit of firms in the long run. That's why firms face a break-even in the long run.  

While in a monopoly market there is a single firm. This firm fixes price higher than marginal cost. The demand curve of the monopoly is a downward sloping showing relatively elastic demand. A monopoly firm can earn profits in both the short run as well as the long run.

6 0
3 years ago
Neon Light Company of Kansas City ships lamps and lighting appliances throughout the country. Ms. Neon has determined that throu
FromTheMoon [43]

Answer:

A. $7,275,000

B. $436,500

C. YES

Explanation:

A. Calculation for how many dollars will the cash management system free up

First step is to calculate for Additional collections

Using this formula

Additional collections=Daily collections× Numbers of days to speed up

Let plug in the formula

Additional collections= $2,250,000 million per day × 3 days speed up

Additional collections=$6,750,000

Second step is to calculate for delayed disbursements using this formula

Delayed disbursements= Daily disbursement × Numbers of Days for slow down

Let plug in the formula

Delayed disbursements= $1,050,000 million per day ×0.5

Delayed disbursements= 525,000

Last step is to calculate for the freed up fund using this formula

Freed up fund=Additional collections+Delayed disbursements

Let plug in the formula

Freed up fund=$6,750,000 + 525,000

Freed up fund=$7,275,000

Therefore the amount of dollars that the cash management system will free up is $7,275,000

B. Calculation for how much will the income be using this formula

Income =Freed up fund× Interest rate

Let plug in the formula

Income=$7,275,000×6%

Income=$436,500

Therefore the income amount will be $436,500

C. YES it should be implemented reason be that the income amount of $436,500 is $36,500 ($435,600- $400,000) higher than New system total cost of the amount of $400,000

3 0
3 years ago
Other questions:
  • If you want an indication of the direction a business is​ taking, you would use A. vertical analysis. B. trend percentages. C. b
    6·1 answer
  • The amount of space between centers of adjacent pixels is called __________.
    9·1 answer
  • _____ refers to the movement of products through more than one channel to reach the firm's target market. select one:
    5·1 answer
  • A firm just paid a dividend of $6 per share. Next year the dividend is expected to grow 8 percent, thereafter 10 percent forever
    12·1 answer
  • Jane has been working with some buyers for several weeks. She thinks they are really interested in one particular property, but
    7·1 answer
  • Exercise 189 Hu, Marcos, and Letterman share income on a 6:3:1 basis. They have capital balances of $80,000, $60,000, and $45,00
    15·1 answer
  • Kit, Amy, and Aaron acquire a piece of land, ownership listed as tenants in common. Of the total purchase price of $1,000,000, K
    9·1 answer
  • Hagar Corporation has municipal bonds classified as a held-to-maturity at December 31, 2017. These bonds have a par value of $80
    6·1 answer
  • The U.S. government imposes a 25 percent tax on the selling price of any four-wheel-drive SUV that is brought into the U.S. by a
    8·1 answer
  • In the early 1900s, Henry Ford introduced a a. high-wage policy, and this policy produced none of the effects predicted by effic
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!