Answer:
The time horizon as in the long run the consumer can change their consumer preferences and adjust to change in price for the goods
Explanation:
At the first moment, Lola demand for gasoline is inelastic as it cannot avoid the cost to moving to his workplace.
As time passes the demand canrespond and adjust to the new information givne by the market/price system
Lola moves to a closer home and finds a solution that wasn't viable in the short run.
Sean's experience exemplifies Inseparability in services
Option (E) is correct
<u>Explanation:</u>
Inseparability in the case of service means, it is difficult to separate the service and the one who provides it. The quality of service being provided depends upon the service provider only.
In this case, the service provided by a doctor is not separate from him. Service provided is consumed by the user at the same time. In this case, the experience of sean indicates the inseparability of the service of the doctor and the doctor himself.
Answer: $5,000
Explanation:
given data:
tax ratio = 80%
valuation of the house = $250,000
tax rate = $2/$100.
solution:
total annual tax
= $250,000 /$100
= $2500
total tax rate = $2/$100
= $2 * $2,500
= $5,000.
therefore, the total tax due to be payed annually is $5000. This would have not been the case if it has been 80% generally.
Cost is the primary basis for accounting for inventories. Sum of the expenses and charges incurred in bringing an item to it's existing condition and location.
Answer:
E) China, Canada, and Mexico were the three largest markets for U.S. goods exports.
Explanation:
As of 2017, the 10 largest markets for US exports were (measured in millions of dollars):
- Canada $282,265
- Mexico $243,314
- China $129,894
- Japan $67,605
- Great Britain $56,258
- Germany $53,897
- South Korea $48,326
- Netherlands $41,510
- Hong Kong $39,939
- Brazil $37,222
