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likoan [24]
2 years ago
8

The relationship between the elasticity of product demand and the elasticity of demand for labor employed in its production is s

uch that, other things being equal, the more elastic the demand for the product, the more elastic the demand for labor. the more elastic the demand for the product, the less elastic the demand for labor. the elasticity of product demand only affects the elasticity of labor demand when the product market is purely competitive. if product demand is perfectly elastic, labor demand will be perfectly inelastic.
Business
1 answer:
Andru [333]2 years ago
4 0

Answer:

The relationship between the elasticity of product demand and the elasticity of demand for labor employed in its production is such that, other things being equal, the more elastic the demand for the product, the more elastic the demand for labor. the more elastic the demand for the product, the less elastic the demand for labor. the elasticity of product demand

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What is the name of the device that senses the current flowing, tripping the circuit, and cutting off
OLga [1]

I believe the answer is a circut breaker


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3 years ago
Year P (bikinis) Q (bikinis) P (Speedos) Q (Speedos)
mojhsa [17]

Answer:

$2,950

Explanation:

assuming that year 2000 is the base year:

real GDP for 2003 = (bikini price 2000 x bikini quantity 2003) + (speedos price 2000 x speedos quantity 2003) = ($75 x 30) + ($50 x 14) = $2,950

base year's prices become the real prices of the economy, and any change in real GDP is given by changes in output

4 0
3 years ago
Look at the picture, which one is the correct answer?
Vinil7 [7]
I think it “A law of demand”?
4 0
3 years ago
The following information was drawn from the Year 1 accounting records of Ozark Merchandisers: Inventory that had cost $15,000 w
finlep [7]

Answer: See explanation

Explanation:

a. Sales = $27000

Less: sales returned = -$660

Less: discount at 2% = ($27000 - $660) × 2% = -$526.8

Net sales = $25813.2

b. Net sales = $25813.2

Less: cost of goods sold = $15000 - $400 = -$14600

Gross profit = $11213.2

Operating expense:

Less: Selling and administrative expenses = -$2835

Operating income = $8378.2

Non-operating items:

Less: Interest expense = ($200

Add: Gain on land Sales = $900

Net Income= $9078.2

c. The interest expense be shown on the statement of cash flows in the operating expenses section. It'll be recorded in the operating activities.

d. The sale of the land would be under the investing activity as it's capital asset of the business. Therefore, the full sales price of the land, $9,250, would be shown as a cash inflow from investing activities on the statement of cash flows.

Option B is the correct answer.

4 0
3 years ago
In its most recent financial statements, Del-Castillo Inc. reported $70 million of net income and $960 million of retained earni
alekssr [168]

Answer:

$53,000,000

Explanation:

The amount of dividends paid by Del-Castillo Inc. can be ascertained using the retained earnings formula as follows:

retained earnings=net income+previous year retained earnings-dividends paid

retained earnings for current year is $960 million

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dividends paid is unknown

dividends=net income+previous year retained earnings-current year retained earnings

dividends=$70 million+$943 million-$960 million

dividends=$53 million

4 0
3 years ago
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