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Degger [83]
2 years ago
13

Suppose there is a major technological issue in the production of a good that causes production costs and prices to rise. If dem

and for the product is relatively inelastic, what will happen in the market
Business
1 answer:
ozzi2 years ago
3 0

If the market for a good that sees its production costs and prices rise is inelastic, the quantity demanded will not change.

<h3>What is inelastic demand?</h3>

A good that has inelastic demand is one that will not see its demand change much when there is a price change.

This means that demand remains more or less the same even if prices rise. Examples of such goods are water and food. The product above will therefore not see its demand change by much.

Find out more on inelastic demand at brainly.com/question/24384825.

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Identify the type of costs that would be considered incremental cost for a decision to close stores. (You may select more than o
Gemiola [76]

The incremental costs that can be deduced include the cost for materials, overhead, and labor that are associated with the actual closing process.

Incremental cost simply means the total cost that's incurred as a result of an additional unit of product that is being produced.

It's simply calculated by analyzing the additional expenses that were spent by the company. They are the cost for materials, overhead, and labor that are associated with the actual closing process.

Learn more about costs on:

brainly.com/question/24516871

6 0
2 years ago
What are the four components used to calculate Gross Domestic Product
sesenic [268]
<span>Personal consumption expenditures.Investment.Net exports.Government expenditure.</span>
3 0
3 years ago
Evergreen Corporation distributes land with a fair market value of $200,000 to its sole shareholder. Evergreen's tax basis in th
Lady_Fox [76]

Answer:

True

Explanation:

As for calculating the gain or loss on distribution of any asset, in any case the company shall consider the fair market value at the time of distribution, and accordingly, the gain or loss shall be:

Fair market value - Tax basis of such asset.

Here, in the given instance

Fair market value of land = $200,000

Tax basis of land = $50,000

Thus, gain on distribution = $200,000 - $50,000 = $150,000

This will not be different in any case, whether the earnings are positive or negative.

Therefore, the statement is True

4 0
3 years ago
Tunneling Inc. fixed costs are at $100,000. The company has sales of 10,000 units with a price of $84 and variable cost per unit
zubka84 [21]

Answer:

Tunneling Inc.

Degree of operating leverage

= Contribution Margin divided by Operating Income

= $440,000/$290,000 = 1.52

Explanation:

(a) Data and Calculations:

Sales Revenue =   $840,000 (10,000 x $84)

Variable cost =           $400,000 (10,000 x $40)

Contribution =            $440,000

Fixed costs =              $100,000

Depreciation =             $50,000

Operating Income = $290,000

Tax (21%)                    ($60,900)

Net Income =             $229,100

(b) The degree of operating leverage for Tunneling Inc. is 1.52.  It shows the financial impact of a change in sales revenue on Tunneling Inc.'s earnings.  Analysts usually work this ratio out to determine this important effect.

4 0
3 years ago
Which statement correctly describes the current state of instant messaging in the workplace? Multiple Choice It is an establishe
vfiekz [6]

Answer:

It is a relatively new, undeveloped form of communication in the workplace, and attitudes toward it vary.

Explanation:

4 0
3 years ago
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