Answer:
Option (c) is correct.
Explanation:
Given that,
Price elasticity of supply for cheese = 0.6 in the short run
Price elasticity of supply for cheese = 1.4 in the long run
If an increase in the demand for cheese causes the,
Price of cheese to increase by 15%
In short run,
Price elasticity of supply for cheese = Percentage change in the quantity supplied ÷ Percentage change in the price
0.6 = Percentage change in the quantity supplied ÷ 15
0.6 × 15 = Percentage change in the quantity supplied
9% = Percentage increase in the quantity supplied
In long run,
Price elasticity of supply for cheese = Percentage change in the quantity supplied ÷ Percentage change in the price
1.4 = Percentage change in the quantity supplied ÷ 15
1.4 × 15 = Percentage change in the quantity supplied
21% = Percentage increase in the quantity supplied
Answer: c. Premarket testing
Explanation:
Premarket testing is usually performed before a certain product is brought to the market in order to determine customers satisfactions and whether they will use the products again.
Answer:internet businesses are often called Ecommerce businesses
Explanation:
C. the irs data retrieval tool allows to view and transfer your tax information directly into your FAFSA form
Answer:
The answer is c. remains constant in total with changes in the level of activity.
Explanation:
In a cost structure of a firm, for decision-making purpose, it is usually divided into fixed cost and variable cost.
Variable cost is the type of costs which will increase following an additional production of an extra unit of product/service, that is, level of activity has been risen up given the production is taken place. A good example of these cost are material cost, labeling cost.
Fixed cost, as it name may tell, is costs that are unchanged regardless of a firm's activities level. That is, regardless of how many product/service is produced, these costs remain the same. A good example of these cost are depreciation cost, rental cost.
