<span>This is a true statement. The Occupational Safety and Health Administration is a federal-level authority that sets standards for workplace safety and gives guidelines on what to do when injuries or other hazards are experienced. The regulations affect both the employer and the employee alike.</span>
Explanation:
The computation of the price elasticity of supply using mid point approach is shown below:
a. The formula is shown below:
Price elasticity of supply = (Percentage change in quantity supplied ÷ percentage change in price)
b. The computation is shown below:
= ( Change in quantity supplied ÷ average of quantity supplied) ÷ (percentage change in price ÷ average of price)
where,
Change in quantity supplied would be
= Q2 - Q1
= 1,400 - 1,000
= 400
And, average of quantity supplied would be
= (1,400+ 1,000) ÷ 2
= 1,200
Change in price would be
= P2 - P1
= $24 - $23
= $1
And, average of price would be
= ($24 + $23)÷ 2
= $23.5
So, after solving this, the price elasticity of supply is 7.84 that reflects the supplies is elastic
Answer:
A.) $20,000
Explanation:
Kindly check attached picture for detailed explanation
Answer:
At the end of these four years, the federal government's public debt would have increased by $20 billion
Explanation:
Year 1:
Budget deficit=$40 billion
Year 2:
Budget deficit=$50 billion
Total budget deficit=$90 billion
Year 3:
Budget surplus=$20 billion
Year 4:
Budget surplus=$50 billion
Total budget surplus=$70 billion
Budget surplus - Budget deficit= $90 billion - $70 billion
=$20 billion
At the end of these four years, the federal government's public debt would have increased by $20 billion
Answer:
The correct answer is B. $14,500
Explanation:
According to the accounting concept, the machines cost includes all those cost which is related to the machine like - purchase cost of machine, installation cost of machine, insurance cost,etc.
So,
Total cost of machine = Purchase cost of machine + installation cost of machine + insurance cost
= $10,000 + $4,000 + $500
= $14,500
Hence, the total machine cost is $14,500 which is to be recorded in the financial statements.
Thus, the correct answer is B. $14,500
