Explanation:
it is called Formalization
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Answer: unitary price elastic
Explanation:
A good is unitary price elastic if a change in price leads to the same proportional change in quantity demanded.
The coefficient of a good with unitary elasticity is 1 .
Coefficient of elasticity = percentage change in quantity demanded / percentage change in price
= 5% / 5% = 1
I hope my answer helps you
Answer and explanation:
Direct labor rate variance contrasts current direct labor costs over the same duration of service with usual direct labor costs. Favorable fluctuations in the labor rate can be caused by hiring more unskilled workers, reducing the minimum wage, and inappropriately setting indirect labor costs.
Answer:
$88,000
Explanation:
The computation of the ending balance of the retained earning balance is shown below:
As we know that
The ending balance of retained earning = Beginning balance of retained earnings + net income - dividend paid
where,
net income is
= Revenues - expenses
= $50,500 - $33,000
= $17,500
And, the other items values would remain the same
So, the ending balance is
= $92,500 + $17,500 - $22,000
= $88,000
Answer:
maximum change in money supply is $6.67 million
Explanation:
given data
deposit = $1 million
reserve requirement = 15%
money multiplier = 6.67
to find out
maximum change in money supply
solution
we know here money multiplier is given = 6.67
so maximum change in money will be
maximum change = deposit × money multiplier
put here value
maximum change = $1 million × 6.67
maximum change = $6.67 million
so maximum change in money supply is $6.67 million
