Answer:
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Answer:
C) supply is perfectly inelastic.
Explanation:
In the case when the supply is perfectly non-elastic so the demand would measures the price entirely that means it calculated the overall price at the time when there is a perfectly non-elastic supply
So according to the given scenario the option c is correct
And, the rest of the options are incorrect
So the same is relevant
Answer:
You just press answer and click on the question. You have to be fast though because there is a 2 person maximum to answer a question.
Answer:
Savings in fixed costs= 30,800
Explanation:
Giving the following information:
Prockets Inc. just eliminated a product that had yearly sales of $120,000, yearly variable expenses of $48,000, and yearly fixed expenses of $92,000. By dropping the product, Sprockets increased its company-wide yearly net income by $10,800.
Loss= 120,000 - 48,000 - 92,000= -20,000
By dropping the product:
Savings in fixed costs= 20,000 + 10,800= 30,800
