Supply price elasticity measures sellers' sensitivity to changes in price. When price changes have a large impact on supply, we say that supply is price elastic, with small price increases supply will increase considerably. We say that an offer is perfectly elastic when from a certain price level, suppliers have bid as much as possible. In the short term, however, firms bump into structural factors to deliberately increase their supply. For example, a factory has a short-run maximum production limitation. In the short term, the factory may grow its plant and buy more machines, but in the short term from one point the supply is more rigid.
There are, however, some exceptions. In the case of natural monopolies, such as water supply, the increase in price may increase supply indefinitely. This is a case where, in the short run, price elastic supply can be infinitely elastic. Thus, rising prices can increase the amount of water supplied as much as demanded by consumers. This is because the marginal cost of supplying more water is low for the firm.
Note: marginal cost is the cost of manufacturing one more unit of the product supplied. In the case of water, the marginal cost of providing 1 unit of water measurement is very low.
Answer:
Explanation:
Variable cost = 20,841*70%+9,765*30% = 17,518.20
Fixed cost = 20,841+9,765+2,239 -17,518.20 = 15,326.8
Contribution margin per unit = (Revenue - Variable cost)/subscribers =(35,345-17,518.20)/32.5 = 548.5
a) Break even unit = Fixed cost/Contribution margin = 15,326.8/548.5 = 27.9 Million
b) Revenue per account = (Total variable cost+Total fixed cost)/subscribers = (17,518.20+15,326.8)/32.5 = $1010.61
Answer:
multiplying the number of physical units by the percentage of completion.
Explanation:
Project management can be defined as the process of designing, planning, developing, leading and execution of a project plan or activities using a set of skills, tools, knowledge, techniques and experience to achieve the set goals and objectives of creating a unique product or service. Generally, projects are considered to be temporary because they usually have a start-time and an end-time to complete, execute or implement the project plan.
The fundamentals of Project Management includes;
1. Project initiation
2. Project planning
3. Project execution
4. Monitoring and controlling of the project
5. Adapting and closure of project.
It is very important and essential that project managers in various organizations, businesses and professions adopt the aforementioned fundamentals in order to successfully achieve their aim, objectives and goals set for a project.
An equivalent unit is calculated by multiplying the number of physical units by the percentage of completion.
Answer:
The correct answer is option is b.
Explanation:
Swing trade is a trading strategy where attempts are made to earn profit from the stocks in a span of a few days.
Carry trade is a type of currency trading strategy. Under this strategy, money is borrowed in a currency which has a lower interest rate then converted and deposited into the currency which has higher interest rates. In this way, profit is earned.
Under channel trading strategy, the trading is done in a certain channel which represents the value of assets for a specific period. It is for short term and medium term.
Under the price action trading strategy, the price movements in the market are studied and trading is done on this basis.
