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alisha [4.7K]
3 years ago
10

A perfectly elastic demand curve implies that the firm: A) must lower price to sell more output. B) can sell as much output as i

t chooses at the existing price. C) realizes an increase in total revenue which is less than product price when it sells an extra unit. D) is selling a differentiated (heterogeneous) product.
Business
1 answer:
dsp733 years ago
4 0

Answer:

A perfectly elastic demand curve means that the firm can sell as much output as it chooses at the current price.

Explanation:

The perfectly elastic demand implies that the demand curve is horizontal line parallel to the X axis. The price is fixed at a point and the firm can sell any amount of output at this point. The demand is infinite at the given price level. If the firm makes any changes in this price level, the demand will become zero.

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At Crater Valley Manufacturing, workers are encouraged to find their own solutions to problems, and to implement their solutions
Marizza181 [45]

Answer:

a) Theory Y

Explanation:

Crater Valley Manufacturing has adopted the theory Y management approach.  Theory  Y proposes a participative management style, teamwork, and decentralization of the decision-making process. In the theory Y approach, managers encourage employees initiatives that will contribute to the success of the organization. Theory Y tries to match the organizations' objectives with the employees' aspirations.

<u>Some of theory Y assumption include</u>

  1. Employees have a natural tendency to work and play.
  2. Employees have self-direction and self-discipline in pursuit of organizational goals without external coercion or threats.
  3. An average person seeks and accepts responsibilities.
  4. Employee loyalty and commitment is as a result of job satisfaction and job reward.

5 0
3 years ago
Some jobs in the economy are no longer needed after an advancement in technology. A person who loses his or her job this way wou
g100num [7]

Answer and Explanation:

5. structurally unemployed.

8 0
3 years ago
You go to the grocery store to buy a gallon of milk, expecting to pay $4.50 for it. Once you get there, you discover it is on sa
DIA [1.3K]

The extra $2 that you saved on the $4.50 you were willing to pay for it represents consumer surplus. Consumer surplus is the difference between the total amount that a consumer is willing to pay for a good or service versus what they actually pay for the good or service. The $2 represents what the consumer was willing to pay for the milk.

3 0
3 years ago
Understal Company has $750,000 to invest and two competing investment opportunities. Investment 1 would pay 9% per year ($67,500
ikadub [295]

Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

8 0
4 years ago
"Paid as agreed" on your credit report is:
frutty [35]

Answer:

B. Good. It means your loan is paid off.

Explanation:

When the account says "Pay as agreed," it means all the payments have been made in full and within the time agreed with the creditors.   On the credit report, the ''pay as agreed'' is a status that shows all payments were made as per the terms of the creditor.

The "pay as agreed'' status shows the customer as a low-risk borrower. A lender will be willing to advance credit to such customers.

5 0
3 years ago
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