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4 years ago

Elasticity is the percentage change in quantity divided by the percentage change in _____.

Business

1 answer:

Snezhnost [94]4 years ago

6 0

Answer:

The price.

Explanation:

Elasticity is the percentage change in quantity divided by the percentage change in price.

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The richest 1% of the world's population owns more wealth than the rest of the 99% combined. True or False

zimovet [89]

The distribution of wealth on Earth is such that the richest 1% are wealthier than the rest of the 99% combined so this is True.

<h3>How is income distributed?</h3>

The top 1% of the human population are so wealthier that they own more than the combined assets of the other 99%.

This was confirmed in 2016 by Oxfam, and the scary part is that this trend is set to continue.

Find out more on income distribution at brainly.com/question/4993794

#SPJ1

5 0

2 years ago

if the change in reserves in the banking system is $40 million, and the required reserve ratio is 10 percent, then the change in

mote1985 [20]

Answer:

True

Explanation:

5 0

3 years ago

Read 2 more answers

On July 1, Hartford Construction purchases a bulldozer for $228,000. The equipment has a 9-year life with a residual value of $1

UkoKoshka [18]

Answer:

a. Depreciation expense per hour:

= (Cost - salvage value) / Expected operating hours

= (228,000 - 16,000) / 26,500

= $8 per hour

b. First year depreciation: Second year depreciation:

= 1,250 * 8 = 2,755 * 8

= $10,000 = $22,040

Third year depreciation:

= 1,225 * 8

= $9,800

Journal entries

Date Account Title Debit Credit

June 30, Year 1 Depreciation $10,000

Accumulated Depreciation $10,000

Date Account Title Debit Credit

June 30, Year 2 Depreciation $22,040

Accumulated Depreciation $22,040

Date Account Title Debit Credit

June 30, Year 3 Depreciation $9,800

Accumulated Depreciation $9,800

4 0

3 years ago

Wisteria Co. produces snowboards and uses a standard cost system. Variable overhead is applied using direct labor hours. Standar

Ket [755]

Answer:

Variable overhead rate variance = $2,870 favorable

Explanation:

Variable overhead rate variance is the difference between the standard cost allowed for variable production overhead and the actual variable cost incurred.

This computed as follows:

17,130 hours should have cost ( 17,130 ×7.20) 123336

but did cost 120,466

Variable overhead rate variance 2870 Favorable

Variable overhead rate variance = $2,870

6 0

3 years ago

If workers and firms have rational expectations, they understand that ________ monetary policy will raise the inflation rate, so

Deffense [45]

Answer:

expansionary; will be equal to

Explanation:

Remember, monetary policies are basically divided into:

expansionary monetary policy, and
contractionary monetary policy.

Indeed, as the name implies, the expansionary monetary policy is meant to in a sense boost up economic growth in terms of reducing interest rates thereby theoretically increasing spending and also leading to an increase in the money supply. When there is an increase in the money supply, this thus leads to an increased inflation rate, which would be expected if workers and firms have rational expectations.

6 0

3 years ago