Answer:
lower , demand
Explanation:
Price Elasticity of Demand [P.Ed] is the responsive change in demand due to change in price.
P.Ed is affected by many factors : Substitute availability, Consumer Income, Nature of product, Product use(s), role of habits, price adjustment time/ urgency of demand.
The P.Ed factor mentioned in the question is price adjustment time/ urgency of demand'
- If there is <u>short </u>time period for consumers to adjust to a price : the demand will respond less to price change. So, P.Ed is <u>lower</u>. Demand is <u>less elastic</u> in this case.
- If there is more time period for consumers to adjust to a price : the demand will respond more to price change. So, P.Ed is higher. Demand is more elastic in this case.
Demand is more elastic in long time period than in short time period
A. A sole proprietorship <span>is the type of business ownership that has the highest personal liability risk. You are on your own there, and if you make a mistake, the who business fails. </span>
Answer:
The correct answer is: Foreign Direct Investment.
Explanation:
Foreign Direct Investment or FDI is a key component in global economic integration. FDI is a form of cross-border investment to establish lasting interest that a resident enterprise based in one country may have in an enterprise operating in another country. FDI can be achieved by one of two strategies: greenfield investment (setting up new factories and plants from the ground) or brownfield (acquiring existing enterprises in the country of interest).
Answer:
$5,400
Explanation:
The computation is shown below:
Given that
The cash paid every Friday = $13,500
And, on December 31, it is Wednesday
So, on December 31, the salaries and wages is
= $13,500 × 3 days ÷ 5 days
= $8,100
And, on January 1 and January 2, the salaries and wages expense is
= $13,500 - $8,100
= $5,400
Or
= $13,500 × 2 days ÷ 5 days
= $5,400
Answer:
lower
Explanation:
A natural monopoly appears when there are high entry costs like large infrastructure costs or economies of scale where a company can provide the products at a lower costs than others which provides a big advantage to the firm in the market and makes it difficult for any potential competitor to be able to compete. According to that, the answer is that a natural monopoly exists when a single seller experiences lower average total costs than any potential competitor as this represents a barrier for the competitor to be able to enter the market.