Answer:
(B) more than one person can consume the same unit of the good at the same time.
Explanation:
A service is rival in consumption if the same unit of the good cannot be consumed by more than one person at the same time and nonrival in consumption if more than one person can consume the same unit of the good at the same time.
Answer:
D) Focused differentiation strategy.
Explanation:
A focus differentiation strategy is meant to satisfy very different and specific needs of their customers. It is not just about making a different product that customers may like, it is about making very specific products that appeal to specific clients.
Jordan's Ice Cream is offering hundreds of customized products, each customized product appealing to a small number of clients. In this case, making unique ice cream combinations is not that expensive, but usually this type of strategy works well in very luxurious products.
Answer:
the quantity supplied is to a change in price.
Explanation:
Elasticity of supply measures the degree of responsiveness of quantity supplied to changes in price
Elasticity of supply = percentage change in quantity supplied/ percentage change in price
Supply is elastic if a small change in price has a greater effect on the quantity supplied.
Supply is inelastic if a small change in price has little or no effect on quantity supplied.
Supply is unit elastic if a small change in price has a proportional equal effect on quantity supplied.
I hope my answer helps you
Answer:
Explanation:
The effect of this policy will lead to both the leftward shift in the labor demand curve and the higher minimum wage will
lead to an increase in the unemployment rate because once the minimum wage increases, firms will have to pay higher salaries and this will lead to higher costs and therefore firms will retrench employees
Answer:
=$ 25,500
Explanation:
cash equivalents will be petty cash + cash at bank
= 500+20,000+5000
=$ 25,500
Cash or cash equivalent refers to assets held in the form of cash or can easily convert into cash in less than 90 days. Examples of cash include petty cash, cash in hand, cash in the bank, and debt securities whose maturity is within 90 days. Cash or cash equivalent appears at the top on the list of assets in a balance sheet.
Marketable debt securities are short-term to bond issued by a corporation and held by another company. They are listed as a current asset if they are to be sold within one year to long term investment if they are expected to last longer. Marketable equity securities are capital instruments. They are listed as current assets if they are to be liquidated in one year or long term investment if longer.
