Answer:
B
Explanation:
Elasticity of demand is the degree of responsiveness of the quantity demanded of a commodity to change in the price of the commodity.
It is of 3 types
1. Price elasticity of demand
2. Income elasticity of demand
3. Cross elasticity of demand
Answer:
c. Internal Service Fund
Explanation:
Internal Service Fund -
It refers to the sum of amount required to track the motion of any goods and services from one department to another , is referred to as internal service fund .
The amount spend on the internal service fund is used to determine the complete cost of providing the services and goods .
For example , maintenance is an example of the internal service fund .
Hence , from the given information of the question ,
The correct answer is c. Internal Service Fund .
Answer:
Anderson Cleaning Service's liabilities were $2,160
Explanation:
Basing on accounting equation:
Total asset = Liabilities + Owner's (or Stockholders') Equity
Liabilities = Total asset - Owner's (or Stockholders') Equity
At the end of a recent year, Anderson Cleaning Service had total assets of $5,810 and equity of $3,650
Anderson Cleaning Service's liabilities = Total asset - Equity = $5,810 - $3,650 = $2,160
Answer:
C. 120
Explanation:
The computation is shown below:
(L × K)
<u>Labor L Capital K Quantity of Output Q Total cost TC</u>
1 2 2 $40
2 4 8 $80
(2 × $20 + 4 × $10)
3 6 18 $120
(3 × $20 + 6 × $10)
4 8 32 $160
(4 × $20 + 8 × $10)
As we can see that if we considered 3 units of labor so the total cost is $120
Hence, the correct option is c.
