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3 years ago

Which of these is an example of a good with elastic supply?

Business

2 answers:

DerKrebs [107]3 years ago

8 0

Answer:

sandwiches

Explanation:

supplier has plenty of spare capacity to increase output

high stocks levels are available to meet raising demand

short production time frame to get products to market

easy of factor substitution is high

Leviafan [203]3 years ago

7 0

Answer:

Jet planes.

Explanation:

Elastic supply is a measure of the relationship between the quantities of a good supplied and change in prices. As it is expected that a change in change in price will affect the quantity of goods demanded and supplied , elastic of demand measure this relationship.

However , elastic supply occurs when the percentage change in quantity supplied is greater than the percentage change in price.

Airplane can easily be substituted with options like train , vehicles and even boat ,therefore change in price could trigger a greater effect on the supply

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Fixed cost refers to: Group of answer choices the consideration exchanged for the ownership or use of a good or service. total e

Goryan [66]

Answer:

Expenses that are stable and do not change with the quantity of products that is produced and sold

Explanation:

Fixed cost refers to cost that do not change with the level of output. They are otherwise known as overheads or indirect costs and are expenses that are not dependent on the out level of produce by the business.

In addition, fixed cost are also cost that has to be incurred by the business independent of business activities.

Examples of fixed costs are rent, cost of business , loan payments, insurance premiums, salaries etc. All these do not vary with the level or number of units produced or sold.

5 0

3 years ago

Although generous disability insurance can help those who have been permanently injured, it can also increase the likelihood tha

emmasim [6.3K]

Answer:

B, Indirect incentive

Explanation:

An incentive is anything that motivates an individual to behave in a certain way. An incentive could range from money to many other things and it is the reason why an individual acts in a certain way.

For example, salary and bonuses are incentives for workers. This makes the worker work better and harder and more efficiently because he/she knows that there is something to encourage him for doing his/her work diligently.

Incentive can be direct or indirect as in the case of the above question.

In the case of the above question, a generous disability insurance can motivate workers to falsely claim to be disabled. This means that the financial implication of the insurance package for disability is most likely the only reason for workers to claim false disability.

Cheers.

4 0

3 years ago

The following data relates to Spurrier Company's estimated amounts for next year. Estimated: Department 1 Department 2 Manufactu

Rashid [163]

Answer:

$3,628 per direct labour hour.

Explanation:

Total manufacturing overhead cost and total direct labour hours

Particulars Dep 1 Dep 2 Total

Manufacturing overhead cost 1,360,000 3,560,000 4,920,000

Direct labour hours 553,000 803,000 1,356,000

Plant-wide overhead rate = Total manufacturing overhead / Total direct labour rate

Plant-wide overhead rate = $4,920,000 / 1,356,000

Plant-wide overhead rate = $3,628

Therefore, the Plant-wide overhead rate is $3,628 per direct labour hour.

6 0

2 years ago

Curzon International is a hospitality chain that has a wide range of hotels and motels. The company provides luxurious and outst

Mariana [72]

Answer: Altruism

Explanation: It refers to the behavior when an individual considers the benefit of other more important than the self benefit.

In the given case, the hotel chain has the sole purpose of providing best services to its customers. They are not ready to forego their dedication towards service even if it results in loss of their market share.

It is not a case of excellence as they are not charging extra for the same service to increase their profits.

Hence from the above we can conclude that the correct option is D.

7 0

2 years ago

A taxable bond has a yield of 8%, and a municipal bond has a yield of 6%. At what tax bracket, would you be indifferent between

Nataliya [291]

Answer: 25%

Explanation:

Municipal bonds are tax-free which means that the tax bracket that would make you indifferent between the 2 bonds would be the one that brings the after-tax yield on the taxable bond to the same yield as the Municipal bond.

Assume this tax rate to be x.

8% * ( 1 - x) = 6%

8% - 0.08x = 6%

0.08x = 8% - 6%

x = (8% - 6%) / 0.08

x = 25%

4 0

2 years ago