If the share extrude in amount demanded is more than the share extrude in rate, the call for is elastic.
The required details for Elasticity in given paragraph
Elasticity is an critical idea in neoclassical financial concept, and allows within side the information of diverse financial concepts, which include the occurrence of oblique taxation, marginal concepts referring to the concept of the firm, distribution of wealth, and different sorts of goods referring to the concept of purchaser preference. An information of elasticity is likewise critical whilst discussing welfare distribution, in particular purchaser surplus, manufacturer surplus, or authorities surplus. Elasticity is gift at some stage in many financial theories, with the idea of elasticity acting in numerous principal indicators. These encompass rate elasticity of call for, rate elasticity of supply, earnings elasticity of call for, elasticity of substitution between elements of production, cross-rate elasticity of call for, and elasticity of intertemporal substitution.
In differential calculus, elasticity is a device for measuring the responsiveness of 1 variable to modifications in some other causative variable. Elasticity may be quantified because the ratio of the percent extrude in a single variable to the share extrude in some other variable whilst the latter variable has a causal impact on the previous and all different situations stay the same.
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if we assume that, given the same amount of resources, mexico can produce more avocados than any other country, why would that be considered an absolute advantage instead of a comparative advantage?
If a rustic has an absolute advantage in manufacturing each merchandise, it's higher labor productivity in each, and its staff can earn higher incomes than those within the alternative country. Thus, the common financial gain in an exceedingly country depends on its average labor productivity.
A country with an absolute advantage in manufacturing all merchandise still stands to learn from trade with alternative countries since the premise of the gains for trade is comparative advantage, not absolute advantage. It's unattainable for a person or country to own a comparative advantage all told merchandise.
Mexico's major comparative advantage remains climate, the flexibility to provide recent fruits and vegetables once U.S. farmers, except in Sunshine State, don't seem to be manufacturing. Commodities like the avocados area unit created year spherical, and protecting culture is permitting Mexican farmers to increase their production and export seasons.
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Karen wants potential clients interested in Assist You 2's numerous services to feel like they are getting a deal; she suggests using prices like $99.99 for two hours of office reorganization and $249.99 for a 7 hour day of childcare services. This pricing tactie is known as price bunding odd even pricing O markup pricing discount pricing cost-plus pricing Before setting the price for their personal assistant services,
As Karen wants potential clients interested in Assist You 2's numerous services to feel like they are getting a deal; she suggests using prices like $99.99 for two hours of office reorganization and $249.99 for a 7 hour day of childcare services, this type of pricing tactile is known as odd even pricing. The Option B is correct.
What is an odd even pricing?An odd pricing strategy refers to a marketing strategy that involves putting an odd number at the end of a price, for example, $1,99, $2,95. But an even pricing strategy implies a price ending in a whole number or zero, for example, $2, $3,50.
The brands that uses these strategies strive to achieve different goals depending on their business size and target audience. Companies used these strategies to appeal to their consumers’ subconscious. Let’s face it. Sometimes we falls for the trick “$1,99 Today Only as This makes us feel that we manage to save money, and it seems like an extremely profitable bargain.
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The ______ account records receipts from exports of goods and services sold abroad, payments for imports of goods and services from abroad, and ______.
Current and Capital transfers(net transfers)
The current accountThe inflow and outflow of goods and services into a nation are represented by the current account. Public and private investment earnings are also deposited into the current account.
Capita Transfers
Transactions that involve the transfer of funds from the sale of one asset to another, the ownership of one asset from one economic unit to another, or the transfer of cash to enable the recipient to purchase another asset.
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when prepaid expenses are initially recorded as a reversing entry may be made. multiple choice question. expenses revenues assets liabilities
When prepaid expenses are init-ially record-ed as a rever-sing entry may be made - assets. The correct option is assets.
What is a prepaid expense?A prepaid expense is an expe-nse that has been paid for in adva-nce but not yet incur-red. In business, a prepaid expense is record-ed as an asset on the balance sheet that res-ults from a business ma-king advanced pay-ments for goods or services to be rece-ived in the future.
Prepaid expenses are initi-ally recorded as assets, but their value is expe-nsed over time onto the income state-ment. Unlike conventional expen-ses, the business will receive some-thing of value from the prepaid expe-nse over the course of several account-ing periods.
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increase in prepaid insurance is located in the operating section of the statement of cash flows true false
False, The operating section of a statement of cash flows contains the increase in prepaid insurance.
What is cash flow?
The net figure of cash equivalents coming into and going out of a business is referred to as cash flow. Money spent and money received represent inflows and outflows, respectively. Fundamentally, a company's capacity to produce positive cash flows, or more specifically, its capacity to maximise long-term free cash flow, determines its ability to generate value for shareholders (FCF). FCF is the cash a company generates from its regular business operations after deducting any funds used for capital expenditures (CapEx). The amount of money that enters and leaves a business is known as its cash flow. Businesses receive revenue from sales as well as spend money on costs.
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dividends are based on which financial report item? multiple choice question. gross earnings total expenses total assets net earnings
Dividends are based on the net earnings (fourth option)
What are dividends?Dividends are payments made to the shareholders of a company. Shareholders are investors that purchase the shares of a public company.
Dividends are paid out of net income when there are no viable investment opportunities for the company. Dividend payments to investors is not constant and it depends on the number of shares the shareholder has.
Net income is total revenue less total cost. Dividends reduce the value of net income and it also reduces retained earnings.
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a variable that predicts what will happen with the sales of another product is referred to as that product's:
Leading Indicator is a variable that predicts what's going to occur with the income of some other product is known as that product's.
What is a main indicator?
A piece of records or a collection of statistics associated with the financial system which could are expecting destiny motion or alternate within side the financial system is called a main indicator. Future occasions and developments in business, markets, and the financial system may be expected and projected with the usage of financial main indicators. An instance of a main protection indicator could be the percentage of people carrying tough helmets on production sites. A main indication is a expected measurement. A lagging protection indicator is probably the wide variety of injuries on a production site, that's an output measurement. Items like newly generated accounts, leads or possibilities, and received possibilities are examples of main indicators.
Won possibilities, misplaced possibilities, received quantities, and misplaced quantities are examples of lagging indicators.
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which type of government entity is typically most dependent on nontax revenues for provision of services?
The city form of government entity is usually most passionate about non-tax revenues for provision of services.
What is government?⇒ An organized community is ruled by a system or assortment of individuals referred to as a government, that is usually a state. Government usually consists of the legislative, executive, and judicial branches within the case of its broad associative definition. Government may be a tool for creating policy selections moreover as the simplest way to enforce structure policies. A declaration of the government's guiding principles and philosophy is that the equivalent of a form of constitution in several nations. The term "government" is often used additional specifically to visit the roughly two hundred freelance national governments and subsidiary organizations, even supposing all organizations have governance. fashionable democracies, monarchies, and authoritarian and totalitarian regimes area unit the most kinds of political systems.
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in our simple models, the multipliers are the same for all spending and all taxes. how do real world multipliers differ? how do they impact fiscal policy?
A tax multiplier is a negative number, while the spending multiplier is a positive number. This happens because a rise in total expenditures raises real GDP, whereas a tax hike lowers real GDP.
What exactly are taxes?
Taxes are mandatory donations levied by a government entity, as to if local, regional, or national, on individuals or corporations. Taxation funds government activities such as public projects and services including such roads and schools, as well as programs including such Medicare and Social Security.
Why is taxation important?
In almost all of country around the world, governments levy compulsory taxes on individuals or organizations. Taxes is mainly used to earn cash for public spending, but it can also be put to other reasons of course.
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a local utility is an example of question content area bottom part 1 a. monopoly. b. perfect competition. c. monopolistic competition. d. oligopoly.
A local utility is an example of question content area bottom part oligopoly. Each company has a reasonable amount of market power due to the modest number of enterprises.
Oligopoly is a type of imperfect competition that is typically characterised as competition among a small number of parties. Therefore, oligopoly exists when there are two to ten vendors selling similar or distinct goods in a market. The company for cold drinks is a prime illustration of an oligopoly. The term "oligopoly" describes a sector of the economy where only a few companies are active. No single company has a significant degree of market power in an oligopoly.
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a zero-coupon bond with face value $1,000 and maturity of four years sells for $743.22. required: a. what is its yield to maturity? (round your answer to 2 decimal places.)
It has a 4.15 yield to maturity.
Explicit Yield to Maturity.Even though it is stated as an annual rate, yield to maturity is regarded as a long-term bond yield. It is, thus, the internal rate of return (IRR) of a bond investment on the premise that the investor holds the bond until it matures and makes all required payments in addition to reinvested at the same rate.
The entire rate of return that a bond will have experienced after all interest and principal repayments have been made is known as yield to maturity (YTM).
YTM = n √(FV / CP) - 1
YTM =4(1000/743.22)-1
YTM = 4.15
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the product specification details how to actually cook, serve and present single or combined menu items. true false
The product specification details how to actually cook, serve and present single or combined menu items is a true statement.
How Important Is a Product Specification?
A product specification is an important first step in the development of a product since it calls for critical thought while developing a novel concept. It clearly conveys what you're creating, who it's for, and what the intended result is. Additionally, it offers crucial background for people who will be working on the product's development. It also acts as a standard for product teams to adhere to while working on new products. Additionally, a genuinely strong product specification offers clarity, which speeds up development, keeps teams on schedule, and helps prevent expensive miscommunication.
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based on a cost analysis case study of a cloud deployment, using cloud computing resulted in a company reducing its annual operating cost of operation for power, labor, and hardware by approximately how much?
Based on a cost analysis case study of a cloud deployment, using of cloud computing resulted in a company reducing its annual operating cost of operation for power, labor, and hardware by 50%.
What is the impact of cloud computing?Basically, a cloud computing refers to delivery of computing services such as including servers, storage, databases, networking, software, analytics, and intelligence over the Internet to offer faster innovation, flexible resources, and economies of scale.
The agility and flexibility that the cloud technology enables means the opening up new ways of working, operating, and doing business. It is very vital to helping businesses and people deliver on and realize the promise of digital transformation.
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A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. If the pre-split market cap was 1.71B, what would the post-split market cap be?
A major drugstore chain whose stocks are traded on the New York Stock Exchange was considering a 2-for 5 reverse split. the post-split market cap be 684 million
What is market cap?Generally, In a 2-for-5 reverse split, every 5 shares of stock are combined into 2 shares. This means that the number of outstanding shares of stock will be reduced by 2.5 times. If the pre-split market cap is 1.71B, the post-split market cap can be calculated by dividing the pre-split market cap by 2.5:
1.71B / 2.5 = 684 million
So, the post-split market cap would be approximately 684 million. Please note that this calculation is based on the assumption that the value of the company's stock remains the same after the reverse split. In practice, the value of the stock may change as a result of the reverse split.
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last year, danielle bought a bond for $1,000 that promises to pay $115 (11.5%) a year. this year, a person who buys a bond for $1,000 receives $120 (12%) a year. if danielle were to sell her (old) bond, its price would be
Danielle purchases a ties for $1000 and pays $115 through interest: another person purchases a bond for $1000 and receives a $80 = 80/1000 = 0.08%: if He sells her bond, she receives 115/0.08 = $1437.5.
What exactly is meant by "sell"?
If you buy a product and then sell it, you usually sell to someone else shortly after purchasing it in order to earn a profit. Transferring (goods) to or rendering (services) to another in the form of money; selling to a buyer for a price.
How do you market a product?
The Most Effective Online Selling StrategyLocate your products.Determine your niche market.Perform market research.Develop buyer personas.Brand your company.Create an e-commerce website.Set up payment, shipping, and communication processes.To know more about Sell visit:
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for the optimal schedule, what is the total number of hours required to complete these jobs? multiple choice 19 hours 21 hours 22 hours 20 hours 23 hours
Choice 21 hours is correct. The whole wide variety of hours required to complete these jobs.
What is meant by using hours of work?Normal hours of work are the hours of work constant by means of or in pursuance of legal guidelines or regulations, collective agreements or arbitral awards, or the quantity of hours in extra of which any time worked is remunerated at additional time rates.
How do you ask for hours cut?Express that you revel in your job and would like to stay with the company, but you are asking for a reduction in hours.] [Detail your modern agenda and a time table that might work better for you instead. If applicable, grant reasoning for the reduction in hours.
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https://brainly.com/question/302808#SPJ4kasey deposits money in an account that earns 5% simple interest. he earned 546$ in interest 2 years later. how much did he deposit
Kasey makes a deposit into a savings account with 5% basic interest. Two years later, he received $546 in interest. This amount, $5460.00, was deposited.
Simple interest: What is it?Simple interest rates are calculated based on a loan's principal or the initial deposit into a savings account. Because simple interest doesn't compound, a creditor will only pay interest on the principal sum, and a borrower will never have to pay interest on the interest that has already accrued.
Let x represent the opening down payment (principle amount).
Due to the fact that this occurs over a two-year period, the total interest earned is: 5/100*2=1/10. (You can not do this with compound interest)
Therefore, 1/10*x=$546.
10 times both sides equals $5460.
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when your employees receive work assignments based on who has the lowest opportunity cost in performing each task, the basis for the work assignments is
When your employees get hold of work assignments primarily based on who has the lowest opportunity fee in performing every task, the foundation for the work assignments is comparative advantage.
What is lowest probability cost?With low chance cost, the individual has to forgo or supply up very little in the way of assets in order to take gain of an opportunity.
What does comparative benefit imply in economics?A man or woman has a comparative benefit at producing something if he can produce it at lower value than anyone else. Having a comparative benefit is not the equal as being the pleasant at something.
The benefit of comparative benefit is the ability to produce a accurate or carrier for a decrease chance cost.
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https://brainly.com/question/481029#SPJ4gretchen is preparing a sales presentation for the executive team. what organizational structure is she most likely to use?
Gretchen is preparing a sales presentation for the executive team. She should most likely use Matrix organizational structure.
The four forms of organizational structures are useful, multi-divisional, flat, and matrix structures. Others encompass round, group-based totally, and community structures.
Matrix organizational structure is a popular hybrid structure this is often used to streamline mission management. This version promotes collaboration between special groups and departments.
in which there may be a small wide variety of ranges within the hierarchy, the company is stated to be 'flat'. Flat establishments will generally tend to have wide spans of manipulation. In tall establishments, managers have smaller spans of manipulation (ie, fewer humans reporting at once to them).
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what is used to illustrate an independent relationship between two variables? a. an upward-sloping curve b. a downward-sloping curve c. a hill-shaped curve d. a horizontal or vertical line
A horizontal or vertical line is used to illustrate an independent relationship between two variables.
Which method is used for measuring the relationship between two variables?A correlation coefficient, denoted by the symbol (r), which is a single number that reflects the strength of the association between two variables, is used to quantify statistical correlation between two variables.A statistical technique that demonstrates the link between two variables is correlation.Data visualisation that depicts the relationship between two numerical variables is known as a scatterplot.A statistical method known as correlation is used to quantify and explain a link between two variables. The two variables are often just observed, not changed. Two scores from the same people are necessary for the connection. These scores are often denoted by the letters X and Y.Learn more about correlation refer to :
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true or false: the standard oil case left open an important question about whether every monopoly is in violation of section 2 of the sherman act or only those created or maintained by the government are in violation of it.
The given statement ''the standard oil case left open an important question about whether every monopoly is in violation of section 2 of the sherman act or ... '' is false.
What is section 2 of the sherman act?Any person who "monopolizes, attempts to monopolizes, combines or conspires with any other person or people to monopolize any part of the trade or commerce among the various States, or with foreign nations," as defined in Section 2 of the Sherman Act, is prohibited.The Sherman Act's Section 2 regulates unilateral anticompetitive behaviour by powerful corporations, or monopolisation, whereas Section 1 regulates multilateral trade prohibitions. 'Bigness' by itself is not forbidden under Section 2.The Sherman Antitrust Act has two key clauses that forbid interfering with trade and economic competition and that make any effort to monopolies a particular area of trade or commerce unlawful.Learn more about Sherman Act refer to :
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Suppose jeff bezos deposits $20 million in cash into his checking account at wells fargo bank. If the reserve requirement is 10% and no banks hold excess reserves, what will be the total change in money supply?.
If the reserve requirement is 10% and no banks hold excess reserves, the total change in money supply is $180 million.
How to find the change in money supply?First step is to find the money multiplier using this formula
Money multiplier = 1 / Reserve requirement
Money multiplier = 1 / 10 %
Money multiplier = 10
Now let find the change in money supply using this formula
Change in money supply = Cash x Money multiplier
Change in money supply = [20 million x ( 1 - 10% )] x 10
Change in money supply = 20 million x 90% x 10
Change in money supply = 18 million x 10
Change in money supply = $ 180 million
Therefore the change in money supply is $180 million.
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preparing financial statements at the end of each monthly fiscal period is an application of the accounting concept:____.
An application of the accounting principle is the creation of financial statements at the conclusion of each monthly fiscal period Accounting cycle period.
What Exactly Is a Accounting Period?An predetermined window of time within which accounting operations are carried out, gathered, and looked is known as an accounting period. The length of an accounting period can be measured in weeks, months, quarters, fiscal years, or calendar years. The accounting period is helpful in investment because prospective investors may assess a company's performance by looking at its financial statements, which are based on a set accounting period.
KEY LESSONS
An accounting period is a length of time that is used to do certain accounting tasks; it might be a week, month, or quarter, for example, as well as a calendar or fiscal year.
For the purpose of reporting and analysis, accounting periods are made.
Accounting periods are created for reporting and analyzing purposes, and the accrual method of accounting allows for consistent reporting.
Accrual accounting is governed by two important principles: revenue recognition and matching.
The revenue recognition principle states that revenue should be reported when it is earned, rather than when the cash is received.
The matching principle states that an expense should be reported in the same accounting period as the revenue generated by the expense.
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what is the annual depreciation expense? (round to the nearest cent, input your answer as a positive number.)
Deterioration cost is the expense of a resource that has been devalued for a solitary period, and shows the amount of the resource's worth has been spent in that year.
Aggregated deterioration is the aggregate sum of devaluation cost that has been designated for a resource since the resource was placed into utilization.
How does annual depreciation work?
The typical annual rate at which a fixed asset is depreciated is known as annual depreciation. If the straight-line method is used, this rate stays the same year after year. Annual depreciation will rise early and then fall later if an accelerated approach is used.
What is an example of a cost related to depreciation?
Over the asset's useful life, the method deducts an equal annual depreciation cost. For instance, Company A spends $50,000,000 on a building that will be used for 25 years and have no resale value. Divide $50,000,000 by 25 to determine the annual depreciation cost of $2,000,000.
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nepalese villagers sell their kidneys as a way to earn much-needed money. unfortunately, although the demand for such kidneys in developed economies is high and the medical facilities are available to conduct kidney transplants, the selling and buying of organs is illegal. what idea from chapter 1 of the text does this situation best illustrate?
The idea from chapter 1 of the text does this situation best illustrate Social and political forces sometimes rein in market forces.
Companies are moving their call centers to India because wages in India are lower than those in the US. This tends to lead to higher wages in India and lower wages in the United States. Here, a clear distinction is made between factory workers and owners.
Socialists saw in National Socialism a transitional stage towards pure socialism. The law of demand is known as the first law of purchase. According to the law of demand, all other things being equal, there is an inverse relationship between the quantity demanded and the price of the commodity itself.
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ean and jenny are married, file a joint return and have two dependent children, blake, age 9 and jake, age 5. sean has earned income of $72,000. jenny was a full-time student (for nine months) with no income. they paid a qualified day care center $7,000. what amount of child and dependent care credit can sean and jenny receive for 2021?
Sean and Jenny are eligible for a $900 kid or family care credit, according to the information provided.
What are an example and income?Income is the cash that such a individual or organization receives in return for working, producing an item or service, or using capital. People normally make money through wages or salaries, but corporations make money by offering products or services for more than it costs to produce them.
Briefing:According to the IRS, the child and disability payments credit ranges at 20% and 35% of a child's eligible expenses up to $3,000. For 2 or more children under the age of 13, the maximum loan sum is $6000. The eligible hospital costs will be $6,000 for two or more children, whichever is less.
Both spouses must have earned money in order to qualify for child care credit. Jenny's annual income is considered to be $6,000, which is the maximum allowed.
Jenny's deemed earned income is therefore $4,500 (500 x 9)
The earning income of a spouse will be the exclusive source of qualifying child expenses. For instance, debtor of 6000 versus 4500.
Therefore, (4500 * 20%) = $ 900
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The complete question is-
Sean and Jenny are married, file a joint return and have two dependent children, Blake, age 9 and Jake, age 5. Sean has earned income of $72,000. Jenny was a full-time student (for nine months) with no income. They paid a qualified day care center $7,000. What amount of child and dependent care credit can Sean and Jenny receive? (Points : 1) $600. $900. $1,000. $1,200.
Which it profession is directly responsible for the smooth operations and maintenance of the business’ networks?.
Network administrators are directly responsible for the smooth operations and maintenance of the business networks.
What is business?An organization or entrepreneurial entity engaging in commercial, manufacturing, or professional activity is referred to as an enterprise. Businesses can be charitable corporations or charitable institutions is called as business.
The efficient operation and upkeep of a company's networking including network technology, along with its equipment and software, is under the direct jurisdiction of network management.
It involves ensuring that the equipment, networking, data, and software of the company are all connected and operating effectively. Deploying and maintaining software products, resources, and architecture are three key responsibilities of the IT team.
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if the monopolist can engage in perfect price discrimination, what is the marginal revenue from selling the 8th tie? a. $95 b. $45 c. $60 d. $80
If the monopolist can engage in perfect price discrimination, the marginal revenue from selling the 8th tie is $95. Option A
What is meant by marginal revenue?The increase in revenue that comes from selling one more unit of output is known as marginal revenue. Although marginal revenue can remain constant at a certain level of output, it will eventually start to decline as the output level rises due to the law of diminishing returns.
The selling price of one additional item that was sold makes up marginal revenue. The marginal revenue formula is shown below: Revenue Change/Quantity Change Equals Marginal Revenue.
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Developing economies are countries that have achieved substantial industrialization, modernization, and rapid economic growth since the 1980s. True or False?
A developing country is a country that has undergone significant industrialization, modernization, and rapid economic growth since the 1980s. false
Industrialism is a way of life that involves major economic, social, political, and cultural changes. Society is modernizing due to the comprehensive change of industrialization. Modernization is a continuous, freewheeling process.
Modernization is the current term for an ancient process. That is the process of social change in which less developed societies acquire the common characteristics of more developed societies. This process is activated by international or inter-society communication.
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when a customer makes a recommendation for (or against) a specific brand to another customer, it is called a(n)
When a customer makes a recommendation for (or against) a specific brand to another customer, it is called a(n) pass-along.
What is customer ?
A customer is someone who purchases goods, services, products, or ideas from a seller, vendor, or supplier in exchange for money or another valuable consideration. This definition applies to sales, commerce, and economics.
Pass along is an activity where one customer pass on a recommendation for or against a brand to another customer.
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