A credit card is money the bank lets you borrow A debit card is money you already have
Answer:
B) Will become flatter as output increases if there are diminishing returns to the variable input
Explanation:
Answer:
Follow his lead and address him formally
Explanation:
If someone addresses you formally, that is because that person expects the conversation to be formal, or because you both are in a formal enviroment, for example, a work meeting. For this reason, the best to do in such situation is to address the other person formally as well.
Answer: Inelastic
Explanation:
Based on the information given, we would calculate the elasticity of demand which would be:
= (Change in Quantity / Change in Price) (Initial Price/ Initial Quantity)
Change in Quantity = 1800 - 2000 = -200
Change in Price = 50 - 40 = 10
Initial Price = 40
Initial Quantity = 2000
Elasticity of demand would then be:
= (-200/10)(40/2000)
= (-20)(0.02)
= -0.4
Since elasticity of demand is less than 1, it is an inelastic demand.
Answer:
see explanation
Explanation:
<em>Hi, your question is incomplete, I tried to look for it online but I could not find it. Here is an explanation on the steps to solve the problem.</em>
Step 1 : Determine the Total Materials Cost
Total Materials Cost
Opening WIP cost $310,000
Costs added during the period $40500
Total $350,500
Step 2 : Total Equivalent units for materials
Equivalent units for materials = Completed units + Equivalent units in ending work in process inventory.
Step 3 : Unit equivalent cost for materials
Unit equivalent cost = Total Cost ÷ Total equivalent units
Step 4 : ending work in process inventory cost
Ending work in process inventory = Unit equivalent cost x equivalent units in ending work in process with respect to materials
