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3 years ago

Supply is more elastic over long periods than over short periods because:_____.

Business

1 answer:

Vikki [24]3 years ago

3 0

Answer:

Explanation:

Price elasticity of supply measures the responsiveness of quantity supplied to changes in price of the good.

Price elasticity of supply = percentage change in quantity supplied / percentage change in price

If the absolute value of price elasticity is greater than one, it means supply is elastic. Elastic supply means that quantity supplied is sensitive to price changes.

Supply is inelastic if a small change in price has little or no effect on quantity supplied. The absolute value of elasticity would be less than one

The short run is a period where all factors of production are fixed. In the short run, a firm would continue to produce if price is above average variable cost. If this is not the case, it would shut down

The long run is a period where all factors of production are varied. It is known as the planning time for a company

Supply is more elastic in the long run than in the short run because the producer can make adjustments in the long run

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Answer: truy cập vào link sau

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3 years ago

DC Construction has two divisions: Remodeling and New Home Construction. Each division has an on-site supervisor who is paid a s

labwork [276]

Answer:

Correct option is B.

$278,000

Explanation:

Common Fixed Expenses = Office Administrative Assistant + Office Administrative Assistant + President's Salary

Common Fixed Expenses = $61,750 + $46,750 + $169,500

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3 years ago

Read 2 more answers

Silverwood Company is considering the following alternatives: Alternative A Alternative B Revenues $100,000 $200,000 Variable co

lana66690 [7]

Answer:

to find profit make

%profit =selling price + cost price ÷ cost price

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3 years ago

A factor favoring the success of disruptive innovation is that:________.

ankoles [38]

Answer:

A) incumbent firms are slow to change.

Explanation:

This business model type is said to be low cost and also can be seen and tested to be highly accessible to buyers and others goods in the market. Disruptive innovation is a business model that deals with the introduction of a new product or service into a market, at a lower cost and affordable that other products or its competitors, hereby luring prospective or buyers to buying the new product; displacing the leaders or top performers in the market. Disruptive innovation is highly favoured because the incumbent firms are slow to change.

8 0

3 years ago

Please hep me solve this thank you!Tevebaugh Corporation is a manufacturer that uses job-order costing. The company closes out a

jarptica [38.1K]

Answer:

$546,750

Explanation:

Sales 2,498,000

COGS (1,376,000)

gross profit 1, 112,000

S&A salaries (219,000)

other S&A (346,000)

underapplied MO (10,250) *

net income 536.750‬

*we need to compare the actual voerhead with the applied overhead:

actual overhead: 176,000 + 420,000 = 596,000

applied overhead:

overhead rate:

$\frac{Cost\: Of \:Manufacturing \:Overhead}{Cost \:Driver}= Overhead \:Rate$

568,000 / 32,000 = 17.75

33,000 x 17.75 = 585.750

overhead

debit credit

596,000 585,750

10,250 underapplied overhead

As the applied was lower it is underapplied we need to recognzie more cot thus, the net income decrease.

4 0

3 years ago