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katrin2010 [14]
3 years ago
8

If the price of watermelons fell only a little bit when the supply of watermelons increased a lot, what could you conclude about

the elasticity of demand for watermelons
Business
1 answer:
harkovskaia [24]3 years ago
6 0

Answer:

Demand for water melon is inelastic

Explanation:

Demand elasticity is a measure of the changes of quantity demanded of a good with changes in price.

Also price is determined by the intersection between supply and demand curves.

When supply increases or decreases equilibrium price shifts.

In this scenario where increase in supply of water melon resulted in only a small reduction in price, it can be concluded that demand curve is nearly horizontal (that is inelastic).

Changes in supply does not vary price much.

This is illustrated in the diagram below

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Which tax system requires higher-income taxpayers to have lower tax rates, even though they pay a larger amount of tax when comp
FinnZ [79.3K]
I believe the answer might be a proportional tax.
4 0
4 years ago
Daily demand for a product is 100 units, with a standard deviation of 25 units. The review period 10 days and the lead time is 6
deff fn [24]

Answer:

1755 units are ordered

Explanation:

given data

Daily demand = 100 units

standard deviation = 25 units

review period = 10 days

lead time = 6 days

stock = 50 units

service probability = 98 percent

to find out

how many units should be ordered

solution

order quantity is calculated in fix time period formula is express as

q = \bar{d}(L+R) + z \sigma_{L+R} - I        .........................a

here L is lead time and R is review time and σ is standard deviation and I is stock and d is Daily demand

so first we find here standard deviation that is

\sigma_{L+R} = \sqrt{L} * \sigma   ...................1

\sigma_{L+R} = \sqrt{25} * 25

\sigma_{L+R} =100

so the value of z is for 98 % service probability is  2.05

so put here value in equation 1

q = 100 × ( 6 +10) +(2.05) × 100 - 50

q = 1755 units

so 1755 units are ordered

5 0
3 years ago
Because countries have different financial regulations and customs, it is common for MNEs to apply their domestic rules and regu
pogonyaev

Answer:

B) False

Explanation:

Any multinational corporation must follow the laws that apply on the countries that they operate in. Regarding accounting practices, this is fairly simple, since most countries accept International Financial Reporting Standards (IFRS) rules. If the multinational corporation's headquarters are located in the US, the subsidiary will probably have to elaborate two different sets of financial records, one following the US GAAP and the other one following the IFRS guidelines. But that is optional, since the SEC is currently accepting financial statements using IFRS from American multinational corporations. Corporations that only do business in the US cannot use IFRS standards and must use GAAP, the option of using IFRS applies only to multinationals.

6 0
4 years ago
The nature of the tax system means that there is usually a trade-off between ___ and ___.
IgorC [24]

Answer:

<u>equity and efficiency</u>

Explanation:

Under the tax system there is no tax on losses. And also the losses can be carried forward and set off to profits in future.

When profits are earned the taxes are paid. After that the remaining profit is either distributed to equity or retained for future purposes.

The more efficiently the company works, higher will be the profit and higher will be the taxes.

As profit is for equity, and from that share the amount is given to tax authorities, which is some part of income, share of equity to tax.

Though it does not provide for right in company, but it is legal to pay the tax.

That is the price you pay for increasing or decreasing efficiency, in the form of income available for equity.

5 0
3 years ago
what criteria would a private, nonprofit university follow in determining whether to recognize donated services revenue? select
blondinia [14]

The criteria would a private, nonprofit university follow in determining whether to recognize donated services revenue both a and b.

What is revenue?

Revenue is the cash that a firm generates via its operations. Depending on the accounting technique used, there are several ways to compute revenue. Sales made on credit will be included as revenue for products or services provided to the client under accrual accounting. Revenue may be recognized in accordance with certain standards even though payment has not yet been made.

The cash flow statement must be examined in order to determine how well a business collects debts. Contrarily, cash accounting only counts sales as income when money has been exchanged. A "receipt" is a payment made to a business; receipts can exist without income.

To learn more about revenue

brainly.com/question/29247012

#SPJ1

5 0
1 year ago
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