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vlada-n [284]
3 years ago
8

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

Business
1 answer:
Vikki [24]3 years ago
3 0

Answer:

A

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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ollegr [7]

Answer:

The Answer is D: Nominal group technique

Explanation:

From the question, it is clear that the CEO of Mi Ola is encouraging everyone to bring up that idea they have in mind. She is encouraging everyone to make a decision as it is never wrong as long as you're moving. Bounded rationality talks about making rational decisions that will most likely satisfy personal needs. This does not seem to be the kind of statement made here. The statement is like a booster to everyone to come up with ideas, which bring us to the concept of nominal group technique. This technique encourages contributions from an entire team and encourages swift agreement on the relative significance of problems, issues, and solutions.

4 0
3 years ago
Jimmy's supervisor noticed that he was falling short on the number of setups he was required to complete for the production depa
-BARSIC- [3]

Answer:

C. Take corrective action.

Explanation:

According to the information given to us in the question, we can say that Jimmy's supervisor is taking corrective action when he gives Jimmy suggestions to improve his efficiency. We can determine this because Jimmy has been lacking in productivity and by giving him pointers on how to improve his productivity Jimmy's manager is taking action towards solving a problem.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

5 0
3 years ago
If consumer wealth decreases as the stock market plunges, then (3 points) there is a movement down the AD curve as price level d
tekilochka [14]

Answer:

AD shifts left and price level would decrease.

Explanation:

If consumer wealth decreases due to a plunge in the stock market, the AD curve will shift to the left. This is because shifts to the left of the AD curve represent a reduction in demand, and if consumers are poorer, they will naturally decrease their demand.

This will in turn reduce the price level, because in a market system, prices will fall until they meet the new, lower demand, meaning that a new equilibrium price is reached.

3 0
3 years ago
Means of production include:
Serjik [45]

Answer:

A

Explanation:

the answer should be A because land labor and technology kinship and the rest are in a group together

4 0
3 years ago
When her company's dry goods deliveries were late for the third time, Melissa withheld payment from her supplier until it was ba
insens350 [35]

Complete/Correct Question:

When the company's dry goods deliveries were late for the third time, Melissa withheld payment from her supplier until it was back on schedule. This is an example of ________ power.

a. reward

b. referent

c. legitimate

d. coercive

e. Expertise

Answer:

D, coercive

Explanation:

Coercive power is the ability of a manager to be able to make an employee/subordinate follow orders by the use of force.

In the above question, Melissa withholds payment after her order of dry goods came in late a third time.

Withholding payment forced the supplier to return to the scheduled arrangement of delivery.

Cheers.

4 0
3 years ago
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