Ask question

Ask question

All categories

3 years ago

14

Perfect elasticity and zero elasticity refer to the same event, which occurs when quantity demanded or quantity supplied change

by an infinite amount in response to any change in price.
a) true
b) false

1 answer:

larisa86 [58]3 years ago

5 0

Answer:

b

Explanation:

perfectly elasticity is when at an existing price quantity demanded can increase or decrease.the numerical co efficient is always infinity ♾️

You might be interested in

A constant-cost industry is one in which_______

tiny-mole [99]

Answer:

b.if 100 units can be produced for $100, then 150 can be produced for $150, 200 for $200, and so forth.

Explanation:

Constant-cost means the cost of producing one unit of product does not change no matter how many products each firm in the industry decide to produce.

If the cost of production is $100 for 100 units, $150 for 150 units, $200 for 200 units and so forth, it means the unit production cost is a constant $1 regardless of the quantity to be produced.

4 0

3 years ago

Prior to adjustment at August 31, Salaries Expense has a debit balance of $272,650. Salaries owed but not paid as of the same da

zlopas [31]

Answer:

A. Dr Salary Expense $3,140

Cr Salary expense outstanding $3,140

B. Dr Income summary $275,790

Cr Salary expense $275,790

Explanation:

A. Preparation of the adjusting entry to record accrued salaries as of August 31

August 31

Dr Salary Expense $3,140

Cr Salary expense outstanding $3,140

(To record accrued salaries)

B. Preparation of the Closing entry on August 31

August 31

Dr Income summary $275,790

Cr Salary expense $275,790

($272,650+$3,140)

(To record Closing entry)

5 0

2 years ago

QUESTION 8 of 10: Your average weekly take home wage is $615. You take a one-week paid vacation and a second week unpaid vacatio

levacccp [35]

Answer:

$45

Explanation:

A surplus is when income exceeds expenses.

One year has 52 weeks. If one week was unpaid leave, then payments were received for 51 weeks.

Average payments per week = $615

Total earning per week =$615 x 51

=$31,365

The total expenses for the year were $31,320. The surplus amount will be income minus expenses

= $31,365 - $31,320

=$45

7 0

3 years ago

A cost that remains fixed over limited ranges of volumes but changes by a lump sum when volume changes occur outside these limit

Reil [10]

Answer:

Variable cost

Explanation:

because sometimes companies set fixed price to other product

6 0

3 years ago

Strategy is ______. Multiple choice question. a sustainable and dominant market share the set of actions a firm takes to achieve

PtichkaEL [24]

Strategy is a sustainable and dominant market share the set of actions a firm takes to achieve a competitive advantage.

<h3>What is Competitive advantage strategy?</h3>

Competitive advantage can be explained as factors that influence a company to produce goods or services and be able to stand out compare to her other company in that industry.

These advantages help the company to be able to produce and generate more sales compared to its market rivals.

Learn more about competitive advantage at:

brainly.com/question/9067127

#SPJ1

5 0

2 years ago