Answer:
$700,000
Explanation:
The computation of the total raw materials used is shown below:
= Beginning raw material inventory + purchase of raw material - ending raw material inventory
= $250,000 + $750,000 - $300,000
= $700,000
We simply added the purchase and deduct the ending inventory to the beginning inventory so that the raw material used could come
Answer:
d. 0; unrelated.
Explanation:
Cross elasticity of demand is the degree of responsiveness of demand for a particular product to a change in the price of another product.
A change in price of a product will lead to a change in demand for another product if the two goods are either goods of close substitutes or if they are complements. If two goods are not related, the change in price of one will not have any impact on the demand for the other good.
In this question, the cross elasticity is zero because biro and pencil are not related.
Answer:
d) The change to the equilibrium price of French chocolate souffle is ambiguous and the equilibrium quantity of French chocolate souffle falls
Explanation:
Inferior goods are those goods whose demand falls with the rise in the income of the consumer.
As per the given case, French chocolate souffle is an inferior good. When income of the consumer rises, his demand for French chocolate souffle will fall.
Similarly, when producers of such an inferior good decrease, the supply of French chocolate souffle shall fall.
With respect to the original equilibrium level, the demand curve shall experience a leftward shift i.e decrease whereas the supply curve too experiences a leftward shift i.e supply falls.
At the new equilibrium level, definitely the equilibrium quantity shall fall, but the change in equilibrium price cannot be ascertained as per the given information.
Answer:
Letter C is correct. <u>Behavioral.</u>
Explanation:
Attitudes in a workplace correspond to the way an individual will react to a particular situation. It may occur with other people's evaluation, problems and events, and may have a positive or negative character.
The behavioral component exemplified in the above question, is characterized as the intentions of an individual, are the tendencies of how an individual will behave towards an object in the short and long term.