Answer:
If price is less than minimum average variable cost, resulting losses will cause firms to leave the industry.
Answer:
February 20, 2039
Explanation:
the bonds pay a semiannual coupon, but the last coupon is paid along with the face value (or maturity) value of the bond. For example, if the bond pays a 6% coupon rate, on February 20, 2039 the investor will receive ($1,000 x 6% x 1/2) + $1,000 = $1,030. The exact date might change if the maturity date is a Saturday or Sunday, but it should be paid on the next business day.
The quantity of bran consumed will rise by exactly 5,000 bushels
.
<u>Explanation:
</u>
A small cost increase in ideally Elastic demand leads to a reduction in demand to zero, while a small price decline allows demand to grow to infinity. The demand is in this case completely elastic.
Elastic demand is the same when the energy storage is higher and the price increases proportionately less. Inelastic production is the other where demand changes are comparatively less and the price changes are more pronounced.
The sum of demand elasticity helps define a request curve's shape and pitch. The slope of the demand curve may, therefore, evaluate the elasticity of demand.
JIT strategy stands for Just-in-time. The JIT strategy is used to increase efficiency and decrease waste <span>by reducing inventory costs. </span><span>
The labor productivity before the JIT strategy was
= output / labor hours = 1000/(5*10) = 20 boxes per labor hour .
The labor productivity after JIT strategy was applied is:
</span><span>= output / labor hours = 1200/(5*10) = 24 boxes per labor hour .</span>