Answer: False
Explanation:
The price elasticity of supply measures the change in quantity supplied when the price changes.
The basic trend is that when price increases, quantity supplied increases as well. The reverse is true.
Price elasticity of supply = %Change in quantity supplied / % change in price
0.5 = -6% / Change in price
0.5 * Change in price = -6%
Change in price = -6% / 0.5
= -12%
The statement above is therefore false because price should have reduced by 12% for quantity supplied to reduce by 6%
<span>The options attached to the question above are given below:</span>
<span>A. </span>The culture of the host country is likely to be
much more individualistic than U.S. culture is.
B. The manager will have greater difficulty finding
educated workers in the host country than in the United States.
C. The manager may not be familiar with the host country’s
language.
D. The host country will likely tax a larger
percentage of the manager’s income than the United States would.
E. The host country will likely have few
protections for its workers.
ANSWER
The correct option is D.
A socialist system is a type of economic system in which the factors of production are jointly owned by all the citizens and production affair is regulated by the government. Such a country does not encourage individuals to operate personal business. Thus, such a country will lay high tax on the income of the manager in order to discourage him from selling his machine in their country.
Answer:
Compound interest (or combining interest) is that the interest on a loan or deposit calculated supported each the initial principal and also the accumulated interest from previous periods.
Answer:
Gross Profit for May 798
Explanation:
<u>under FIFO </u>
We need to use units from the beginning of the month first.
May 10th sale 12 x $16 = 192
May 20th sale 15 x $16 = 240
May 23th
2 x $16 = 32
8x 1$8 =144
Total COGS
608
Sales Revenue 37 x 38 = 1,406
Cost of Good Sold (608)
Gross Profit for May 798
Answer:
The statement is true
Explanation:
The Marketing department of any firm has to analyze the external economic conditions (such as inflation rate, unemployment rate, GDP growth, economic sector growh), and also, social conditions such as consumer preferences. This is because the firm cannot market itself in ways that are not compatible with external conditions.
The Marketing professionals also have to take into account competitors, both existing and potential, because there is a limited percentage of market share that each competing firm can have, and the goal of marketing is to increase the firm's marketshire in respect to the other firms.
