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bulgar [2K]
3 years ago
12

What does the price elasticity of supply measure? Click or tap a choice to answer the question. how income affects spending the

responsiveness of the quantity supplied to a change in price how social class affects spending the responsiveness of buyers to changes in price
Business
1 answer:
Zolol [24]3 years ago
4 0

You didn't put all the alternatives, but I understand economics and I know exactly that concept.

Supply price elasticity measures how price changes impact the supply of goods and services. If the elasticity of supply is elastic, it means that supply is very sensitive to price changes. If the price goes down even slightly, the supply of goods will fall sharply. If the price increases, even if little, the offer will increase much. Conversely, if supply is inelastic, price changes will have little effect on supply for the good. If the price goes down, there will be little impact on the supply of the good. If the price increases, there will also be little impact on supply.

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Assume Mussa Company has the following information available:
crimeas [40]

Answer:

B) $480,000

Explanation:

In this question we compare the operating income

In the first case,

The operating income is

= Contribution margin - fixed cost

where,

= (Selling price per unit - Variable cost per unit) × Expected sales units per year

= ($100 - $45) × 20,000 units

= $1,100,000

And, the fixed cost is $420,000

So, the operating income is

= $1,100,000 - $420,000

= $680,000

In the second case,

The operating income is

= Contribution margin - fixed cost

where,

= (Selling price per unit - Variable cost per unit) × Expected sales units per year

= ($100 - $45) × 20,000 units

= $1,100,000

And, the fixed cost is $420,000 + $200,000 = $620,000

So, the operating income is

= $1,100,000 - $620,000

= $480,000

8 0
4 years ago
Correctly identify steps 3 and 4 of the accounting process: multiple choice Step 3: post entries into the ledger; Step 4: identi
nata0808 [166]

Answer: Step 3: record transactions into the journal; Step 4: post entries into the ledger.

Explanation:

After we identify and analyze a transaction so that we know what accounts and journal it is to go to, we record the transaction in the relevant journal in the third step of the accounting process.

We then take those transactions and post it to the relevant ledger which shows all the transactions related to a certain account. These ledgers are called the "books of final entry" and it is from them that we are able to draw up the unadjusted trial balance.

4 0
3 years ago
If the economy is in an inflationary gap and the government attempts to balance the budget, the effect will be to
Alex17521 [72]

Answer:

To cover budget imbalances, governments borrow money

Explanation:

A government's national debt grows every time it borrows money.

8 0
2 years ago
Who collects Federal Taxes? a. IRS b. INS c. Treasury d. Federal Reserve
OleMash [197]

Hey friend!

----

<u>The answer is A.</u> I hope this helps, also, please give brainiest to whoever answers first. I didn't answer first, so you should give brainiest to the other person. (not forcing you to!)

----

Have a great Tuesday! (o3o)

- <em>HannaTheGurls</em>

----

5 0
4 years ago
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inve
lapo4ka [179]

Answer:

True

Explanation:

  • The primary goals of the inventory manager are to maintain a sufficient quantity and ensure the quality meets the standard and the expectations and also minimize the costs of the carrying inventory. Are responsible for the maintenance and formulation of the records for the new stock as delivered and shipped out.
3 0
3 years ago
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