The demand for a product is inelastic with respect to price if the percentage change in price greater than the percentage change in quantity demanded.
<h3>What is inelastic demand?</h3>
Demand is inelastic when the percentage change in the quantity demanded is less than the percentage change in price. The elasticity of demand is less than 1.
The elasticity of demand = percentage change in quantity demanded / percentage change in price
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Answer:
Option (c) is correct.
Explanation:
Given that,
Bread Machines:
Sales price = $160
Variable costs = $70
Production capacity = 2,000 machine hours per month
Contribution margin = Selling price - Variable cost
= $160 - $70
= $90
Contribution margin per machine hour for bread machines:
= Contribution margin × Unit per hour
= $90 × 4
= $360
Answer:
The five main characteristics of a c corporation are:
- limited liability: the owners' liability is determined by the amount of money they invested in purchasing the corporation's stock.
- corporations are owned by stockholders: every single stockholder owns a piece of the corporation, the size of that piece is determined by the amount of stocks.
- double taxation: owners of the corporation suffer from double taxation because first the corporation must pay corporate taxes and then the owners must pay income taxes when they receive dividends.
- corporations are separate entities: corporations exist by themselves, they are born when they are created and die when they are dissolved.
- corporations are professionally managed: the owners elect a board of directors and the board is responsible for hiring professional management.
Explanation:
Answer:
Eat foods that are low in protein.
Explanation:
The muscular system is an organ whose main function is to maintain a smooth movement in the body. It is composed of specialized cells known as muscle fibers.
There are three types of muscles in the body namely:
- Skeletal Muscle which aids movement
- Cardaic Muscle which pumps blood round the body.
- Smooth Muscle which also play a role in the circulation of blood.
The different ways to take care of the muscular system include:
- Maintaining a good posture.
- Doing regular exercise.
- Eating food with high protein content, because protein are required for muscle development. Such good include fish, milk, cheese.