Supply<span> is more price </span>elastic<span> in the long run. </span>Supply<span> is more price </span>inelastic in the short run<span> because it's simply not as great.</span>
Answer:
Net operating income= 341,000
Explanation:
We need to use the following structure:
Gross profit= sales - cost of goods sold
Net operating income= Gross profit - other expenses (variable and fixed)
<u>Under the absorption costing method, the cost of goods sold incorporates the fixed overhead.</u>
Sales= 980,000
COGS= (116,000 + 266,000)= (382,000)
Gross profit= 598,000
Fixed selling and administrative costs= (116,000)
Variable selling and administrative costs= (141,000)
Net operating income= 341,000
Answer:
The elasticity of labor is elastic (low elastic).
Explanation:
The given situation or condition, the rise in minimum wage will lead to decrease the employment for the person who earns lower than new minimum wage shows that the labor demand is elastic or elasticity for the labor is low because the increase in the minimum wage lead discourages to the producer to hire unskilled labor. Therefore, employment will decrease with an increase in the minimum wage.
Answer:
B
Explanation:
Corporate code of ethics is defined as a set of laid down rules and regulation that is meant to inform and guides the workers towards professionally conducting themselves in a way that aligns with the mission and core values of the organization .
However , having a code of ethical conduct in place in an organization does not mean compliance , until necessary measures for compliance are put in place. Therefore it is possible to have the code of ethics with minimum or no compliance to it. Based on this , it can sometimes be viewed as thinly disguised attempts to mislead the public into thinking that the company behaves ethically.
<span>Theresa drank 5 ounces of wine which is equal with one standard drink.
</span>The standard drink is defined as: 5 ounces of table wine, 12 ounces of beer, 1.5 ounces of distilled spirits (e.g., vodka, whiskey), 8-9 ounces of malt liquors or 3.3 ounces of champagne. Standard drinks are introduced in order to measure and define <span>Alcohol By Volume (ABV).
So, the amount of wine Theresa drank (5 ounces of wine) has about as much alcohol as the amount that is in </span><span>12 ounces of beer, or 1.5 ounces of distilled spirits (e.g., vodka, whiskey), or 8-9 ounces of malt liquors or 3.3 ounces of champagne. </span>