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Lady_Fox [76]
4 years ago
15

If the elasticity of demand for Good A is −3, a 33 percent decrease in quantity demanded of Good A results from a(n) ________ in

the price of Good A. a. 99 percent decrease b. 99 percent increase c. 11 percent decrease d. 11 percent increase e. 33 percent decrease
Business
1 answer:
velikii [3]4 years ago
7 0

Answer:

Option (d) is correct.

Explanation:

Given that,

Elasticity of demand for Good A = −3

Percentage decrease in quantity demanded for Good A = 33%

Elasticity of demand for Good A = Percentage change in quantity demanded for Good A ÷ Percentage change in price of Good A

-3 = - 33 ÷ Percentage change in price of Good A

Percentage change in price of Good A = (-33) ÷ (-3)

                                                                 = 11%

Therefore, percentage increase in price of good A is 11%.

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Pablo Management has ten employees, each of whom earns $100 per day. They are normally paid on Fridays for work completed Monday
Ganezh [65]

Answer:

Year end adjusting entry:

                                                     Debit               Credit

Salaries expense                         $1,000

(10*100)

Salaries payable                                                   $1,000

January 4, journal entry:

                                                     Debit               Credit

Salaries expense                        $3,000

(10*100*3)

Salaries payable                          $1,000

Cash                                                                    $4,000

(10*100*4)

Explanation:

The year end adjusting entry that shall be recorded by the Pablo management in its accounts on December 31 in respect of salaries expenses is given as follows:

                                                     Debit               Credit

Salaries expense                         $1,000

(10*100)

Salaries payable                                                   $1,000

The journal entry that shall be recorded by the Pablo management in its accounts on January 4 in respect of salaries paid to employees is given as follows:

                                                     Debit               Credit

Salaries expense                        $3,000

(10*100*3)

Salaries payable                          $1,000

Cash                                                                    $4,000

(10*100*4)

6 0
4 years ago
Which of the following best describes the relationship between diminishing marginal returns and marginal cost?a. If marginal ret
Ivanshal [37]

Answer: option(a) is correct.

Explanation:

Diminishing marginal returns also known as diminishing returns. It states that the additional input or factor of production that is used for the production of certain products and services, results in smaller increase in output. The output increases but at an decreasing rate. This is due to the efficiency or productivity of the additional factor of production. This will results in higher marginal cost because of the lower productivity from the additional input. So, marginal cost must be increasing.

4 0
3 years ago
Under which type of economic system do workers typically work fewer hours and have access to more social benefits provided by th
Reptile [31]
Socialism is the answer you are looking for I believe.
8 0
4 years ago
Q1: Grohl Co. issued 11-year bonds a year ago at a coupon rate of 6.5 percent. The bonds make semiannual payments. If the YTM on
WINSTONCH [101]

Answer:

Explanation:

N = 4 (5-year bond - 1 year (ago))*2 = 8

I% = YMT= 8/2 = 4

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FV=1,000

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6 0
3 years ago
When employee performance measures are ambiguous and vary from time to time, but the organization's performance is fairly stable
djyliett [7]

Answer:

The correct answer is C. a variety of rewards with significant incentive pay.

Explanation:

If this situation occurs, the company must apply all the necessary actions so that more effective performance measures are implemented, since there is no certainty of the actual contributions made by each employee. An effective performance measure ensures productive feedback, and also a maintenance of results that can be achieved in the short term. The rewards in this case should be managed in the same way, encouraging the employee to always do his best for the benefit of all.

3 0
3 years ago
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