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An entitlement is a provision made in accordance with a legal framework of a society.
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Answer:
the arc price elasticity of supply is 
Explanation:
Given:
P1: $1 and Q1 = 5 thousand tons
P2:$2 and Q2 = 55 thousand tons
We need to find:
%ΔQ = 
= 
= 
%ΔP = 
= 
= 
As we know that, the arc price elasticity of supply :
E = %ΔQ / %ΔP
<=> E = 
=
Answer:
$11,200
Explanation:
The computation of the amount of the total amount of fixed manufacturing cost incurred is shown below:
= Number of units produced and sold × Fixed manufacturing overhead per unit
= 4,000 units × $2.80
= $11,200
By applying the Number of units produced and sold with the Fixed manufacturing overhead per unit we can find out the fixed manufacturing overhead cost
