Producers
<span>hope this helps!!!</span>
Demand is said to be<u> Elastic</u> when the quantity demanded is very responsive to changes in price.
<h3>What is Elasticity of Demand?</h3>
Demand responsiveness to changes in other market variables is measured by demand elasticity. The price elasticity of demand, for instance, indicates how much demand will change in response to a change in a product's price.
Both elastic and inelastic demand exists. Demand that is elastic is more responsive to changes in the variables being measured against. Products that are inelastic are less sensitive to the changes being measured.
The slope of the demand curve and price elasticity of demand is directly correlated. The law of demand, which states that consumers will demand a greater quantity of goods at lower prices and a lesser quantity of goods at higher prices, was most likely covered in your very first economics course. The downward sloping of demand curves is explained by the law of demand.
Thus the Law of demand directs the elasticity of demand.
For more information on Elasticity of Demand, refer to the given link:
brainly.com/question/23301086
#SPJ4
For federal income tax purposes, unless the firm indicates otherwise, the firm would be taxes as disregarded entity, meaning that Conrad will be taxed like a sole proprietorship.
<h3>What is a limited liability company?</h3>
A limited liability company is a type of private company. The partners can be one or more. The partners of a limited liability company have limited liabilites.
For tax purposes, if there is only one partner, a limited liability company is treated like a sole proprietorship and if there are more than one partners, the firm is treated like a partnership.
To learn more about limited liability company, please check: brainly.com/question/14609616
The principles of management are scientific principles that enable managers to make organizational decisions, accomplish tasks, and achieve organizational goals.
<h3>What are the principles of management?</h3>
The principles of management enunciated by Henri Fayol enable managers to become efficient and effective include:
- Division of Work
- Discipline
- Unity of Direction
- Unity of Command
- Remuneration
- Scalar Chain
- Order
- Equity
- Initiative
- Esprit de Corps
- The Degree of Centralization
- Authority and Responsibility
- Subordination of Individual Interest
- Stability of Tenure of Personnel.
These principles of management provide guidance to managers in their decision-making and management activities.
Thus, the principles of management enable managers to make organizational decisions, accomplish tasks, and achieve organizational goals.
Learn more about principles of management at brainly.com/question/14456974
#SPJ1
Answer:
Option B.
Explanation:
Marginal product of labor measures the change in output when additional labor is added.
To calculate marginal product of labor, simply divide the change in total output by the change in labor.
This is given as:
MPL = ∆Y/∆L = Y2-Y1/L2-L1
Where:
MPL = marginal product of labor
Y = output
L = labor
Therefore we have:
Y2 = 152 L2 = 6
Y1 = 97. L1 = 5
MPL = 152-97/6-5
MPL = 55 units.
Option B.