In some cases, supply curves are vertical, which means that for any price from 0 up to infinity, the quantity will stay the same.
This is very true for supply of an authentic painting in auctions, where there may only be 1 single painting, and people state the highest price they are willing to pay for the painting. Regardless of the price, there will only be 1 authentic painting for that price.
Hope this helps! :)
Answer:
EFT, Inc. uses <u>shared</u> leadership in its organization.
(B). employees learn to influence others through their enthusiasm, logical analysis, and involvement of others in their vision.
Explanation:
Shared leadership style in an organization is one where leadership is not the responsibility of just one person, but rather, is distributed among employees in the organization.
It is <u>best used in situations where the employees are highly skilled, technical, influential, enthusiastic about their work and also open to learning from others.</u>
Answer:
$4
Explanation:
Calculation to determine the minimum price the company would accept for the radios
Minimum price=Selling costs (40% variable)*$10
Minimum price=$4
Therefore the minimum price the company would accept for the radios will be $4 because it COVER THE VARIABLE SELLING EXPENSE
Answer:
Option (a) is correct.
Explanation:
Value of stock:
= Present value of all cash flows
![=Dividend[\frac{1-\frac{1}{(1+r)^{n} } }{r}] + Par\ value[\frac{1}{(1+r)^{n} }]](https://tex.z-dn.net/?f=%3DDividend%5B%5Cfrac%7B1-%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7Bn%7D%20%7D%20%7D%7Br%7D%5D%20%2B%20Par%5C%20value%5B%5Cfrac%7B1%7D%7B%281%2Br%29%5E%7Bn%7D%20%7D%5D)
![=50\times 0.12[\frac{1-\frac{1}{(1.08)^{5} } }{0.08}] + 50[\frac{1}{(1.08)^{5} }]](https://tex.z-dn.net/?f=%3D50%5Ctimes%200.12%5B%5Cfrac%7B1-%5Cfrac%7B1%7D%7B%281.08%29%5E%7B5%7D%20%7D%20%7D%7B0.08%7D%5D%20%2B%2050%5B%5Cfrac%7B1%7D%7B%281.08%29%5E%7B5%7D%20%7D%5D)
= $6 × 3.9927 + $50 × 0.6806
= $23.96 + $34.03
= $57.99 or $58
