When a dramatic event causes a dramatic price change resulting from a shift in supply, demand, or both, the change in price works to inform and adjust the behavior of buyers and sellers.
Buyers: Buyers will adjust their behavior according to the new price. The changes in price provide signals to the buyers about the changing market conditions. For instance, in the case of a sudden increase in the price of sugar due to a decrease in its supply caused by unfavorable weather conditions in sugar-producing countries such as Brazil, buyers will switch to buying alternatives such as honey, artificial sweeteners, or corn syrup.
Sellers: Sellers will adjust their behavior according to the new price as well. A sudden increase in sugar prices will encourage sellers to increase their supply of sugar to capture the higher profits associated with the higher price, either by increasing production or by searching for alternative sources of supply. Sellers may also switch from producing other products to producing sugar as sugar has become more profitable without having to raise the price of sugar any further. In the absence of a price change, buyers and sellers may not adjust their behavior. When prices remain the same, the signals are less clear, and the behavior of buyers and sellers is likely to remain unchanged. This implies that the quantity demanded and the quantity supplied will remain the same even though there are significant changes in the supply and demand conditions.
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A new parent-focused website is adding a blog to attract readers. Which of the following elements are likely to be discussed at the project plan approval meeting?
a.)
The editing guidelines document for the new blog
b.)
Preferred methods for communicating schedule changes
c.)
A list of topics that will be covered each week in the new blog
d.)
A review of the number of days assigned to testing the changes to the website
Answer: d
Explanation: :()
Assume Smith Company sells its inventory for $30 per unit and sold 50 units. If the company uses LIFO and has cost of goods sold expense of $825, what is the gross profit? $825 O $750 $675 O $600
The gross profit is $675.
What is the gross profit amount?The gross profit can be calculated by subtracting the cost of goods sold (COGS) from the total sales revenue. In this case, Smith Company sold 50 units of inventory at $30 per unit, resulting in total sales revenue of $1,500 (50 units x $30 per unit). Since the company uses LIFO (Last In, First Out) method, the cost of goods sold expense is calculated based on the most recent inventory purchases. Given that the cost of goods sold is $825, the gross profit can be calculated as follows:
Total sales revenue - Cost of goods sold = Gross profit
$1,500 - $825 = $675
Therefore, the gross profit for Smith Company is $675.
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which implication for action for savvy managers emerges from this case study? a. in international trade, the savvy manager's number-one job is to leverage comparative advantage of world-class locations. b. managers must be politically active to demonstrate, safeguard, and advance the gains from trade and pay attention to the pains from trade. c. managers must constantly monitor and nurture the current comparative advantage of a location and take advantage of new promising locations. d. savvy managers understand that successful exports are valuable, unique, and hard-to-imitate products generated by certain firms from a nation.
Savvy managers should prioritize leveraging comparative advantage, remain politically active, monitor and nurture current advantages, and focus on unique and valuable exports.
From this case study, several implications for action can be derived for savvy managers. Firstly, the savvy manager's number-one job in international trade is to leverage the comparative advantage of world-class locations.
This means identifying and capitalizing on the strengths and resources that a particular location offers, such as skilled labor, infrastructure, or access to key markets.
By understanding and utilizing these advantages, managers can maximize their competitiveness in the global marketplace.
Secondly, managers must be politically active and engage in activities that demonstrate, safeguard, and advance the gains from trade while addressing the potential pains.
This involves staying informed about trade policies, regulations, and agreements, and actively participating in advocacy efforts to protect and promote their organization's interests.
Furthermore, savvy managers must constantly monitor and nurture the current comparative advantage of a location, while also keeping an eye on new promising locations.
Economic conditions, market dynamics, and technological advancements can shift the comparative advantage of different regions over time. Managers need to adapt and seize opportunities in new locations that may offer better prospects for growth and profitability.
Lastly, savvy managers understand that successful exports are valuable, unique, and hard-to-imitate products generated by certain firms from a nation.
They focus on developing and promoting such products that differentiate themselves from competitors, creating a competitive edge in the international market.
In conclusion, savvy managers should prioritize leveraging comparative advantage, remain politically active, monitor and nurture current advantages, and focus on unique and valuable exports.
By adopting these strategies, managers can effectively navigate the complexities of international trade and drive success for their organizations.
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Hurry!!#3
Which of the following was a catalyst for consumer advocacy in the United States?
the Renaissance
the Enlightenment
the Civil Rights Movement
the Industrial Revolution
Answer:
the industrial revolution ; )
Explanation:
Because in the passage it talks about industries and how the people were changing them,
i also did it on edge!!!
Renegade Inc. projected sales of 85,000 personal Journals for 2016. The estimated auary 1, 2016, Inventory is 4,300 units, and the desired December 31, 2016 Inventory is 9,000 units What is the budgeted production (in units) for 2016 units
To calculate the budgeted production for Renegade Inc. in 2016, we need to consider the projected sales, the estimated January 1, 2016 inventory, and the desired December 31, 2016 inventory. Here's a step-by-step explanation:
1. Take the projected sales for 2016: 85,000 personal journals.
2. Add the estimated January 1, 2016 inventory: 4,300 units.
3. Subtract the desired December 31, 2016 inventory: 9,000 units.
So, the budgeted production (in units) for 2016 is:
85,000 (projected sales) + 4,300 (initial inventory) - 9,000 (desired ending inventory) = 80,300 units.
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Because an insurance policy is a legal contract, it must conform to the state laws governing contracts which require all of the following elements EXCEPT?
All of the following, with the exception of conditions, are required.
Describe insurance.One party will agree to compensate another in the event of a certain loss, damage, or injury in exchange for a fee in order to safeguard oneself from financial loss. It is a risk management technique that is typically used to guard against the danger of a hypothetical loss that may or may not materialise.
An underwriter, insurer, firm, or carrier is a company that provides insurance. A person or organisation that obtains insurance is known as a policyholder, whereas a person or organisation that the policy protects is known as an insured.
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was there any time in the last $800,000 year when the concetration of carbon dioxide was higher than it is today?
Yes, there have been times in the last 800,000 years when the concentration of carbon dioxide (CO2) in the atmosphere was higher than it is today.
Through the analysis of ice cores taken from Antarctica, scientists have found that CO2 concentrations have varied between 180 and 280 parts per million (ppm) over the past 800,000 years. However, since the industrial revolution, human activities have increased the concentration of CO2 to levels exceeding 400 ppm, which is the highest in the last 3 million years. This increase in CO2 is attributed to the burning of fossil fuels, deforestation, and other human activities.
One significant period when CO2 concentration was higher than today was during the mid-Pliocene, about 3 million years ago, when CO2 concentrations ranged from 330 to 400 ppm. During this period, the global temperature was 2-3 degrees Celsius warmer, and sea levels were 25 meters higher than today. This highlights the potential impacts of increased CO2 levels on our planet's climate system.
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Staples pays George Nagovsky an annual salary of $37,200. Today, George's boss informs him that he will receive a $5,500 raise. What percent of George's old salary is the $5,500 raise? (Round to the nearest tenth percent.)
Answer:
the percentage is 14.79%
Explanation:
The computation of the percentage is shown below:
= Raise salary ÷ annual salary
= $5,500 ÷ $37,200
= 14.79%
Hence, the percentage is 14.79%
We simply applied the above formula so that the correct percentage could arrive
Atty. Larry Gadon has barely passed the Bar Examination. This however did not deter him to venture into the private practice of law. To attract clients in his law office, he decided to purchase several law books so that he will have something to display in his library. He then purchased in an installment basis from Phoenix Publishing Company several law books including a complete set of Supreme Court Reports Annotated. As a result, Phoenix Publishing Company expressly reserve the ownership of the said books despite its actual delivery to Atty. Gadon. A day after the books were delivered, the building housing his office and library was gutted by fire, burning the books that were earlier delivered. On the due date, Phoenix Publishing Company demanded from Atty. Gadon the payment of his balance, however he refused to pay it since he then contended that he was not yet the owner of the books at the time it was delivered as the Publishing Company made reservation of ownership despite its delivery.
Rule on the contention of Atty. Larry Gadon.
Norms for the Sale of Goods Act, As a result of the aforementioned issue, the Sale of Goods Act and its regulations on the transfer of ownership following sales are under question.
What is the main objective of the Sale of Goods Act?The Sale of Goods Act of 1979 regulates the standard of particular goods that are bought and sold (c 54). One of the statutes that the Act consolidates is the Sale of Goods Act of 1893. Numerous minor legislative alterations and amendments have been made since 1979.
What laws are applicable to the sales of goods act?3(1) A product sale agreement is one in which the seller transfers ownership of the goods to the buyer in exchange for a monetary sum known as the price. (2) There can be a sale agreement between two co-owners. (3) A selling agreement may be unconditional or subject to certain conditions.
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The governance mechanism MOST closely connected with deterring unethical behaviors by holding top management accountable for the corporate culture is:
When top management need to be held accountable for unethical behavior, the best way is to use a Board of Directors.
What does a Board of Directors do?
These are the representatives of the shareholders in the leadership of the company.
They are the highest authority in the company and the policies they implement are meant to hold top management accountable for unethical behavior that might threaten the shareholders.
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Many nations restrict hedging of their currencies due to their national and international policies and interests.
Answer: False
Explanation:
Currency hedging is defined as plan to reduce the influence of foreign exchange on international investment. Many nation's partake in hedging of their currency in order to protect or reduce foreign exchange effect on their currency. They do these by either foreign currency option, forward contracts or spot contracts. It is a safe measure that should be applied by countries for their currency.
.Breifly explain why commercials banks don't have a right to issue currency notes and coins?
Commercial banks don't have the right to issue currency notes and coins because these are the exclusive responsibilities of the central bank, as mandated by law.
The central bank is the apex financial institution in any country, and it has the power to formulate and implement monetary policies aimed at stabilizing the economy.
Monetary policies are implemented through various tools, such as open market operations, the cash reserve ratio, and the bank rate. In addition, central banks also have the sole authority to issue currency notes and coins, which are the legal tender of a country.
The issuance of currency notes and coins by commercial banks would create serious problems such as duplication, fake notes circulation, inflation, among others.
Therefore, only central banks have the legal right to issue currency notes and coins.
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Oreo cookies are now extremely expensive to purchase. Instead of buying oreo cookies, i now want to buy chips ahoy. What determinant of demand does this likely fall under?.
In economics, the determinant of demand that this scenario fall under , when you go for chips ahoy because Oreo cookies are now extremely expensive is Change in Price of Substitute Good.
What is Substitute Good?
A substitute good can be regarded as product or service that is been used as alternative for other goods.
It should be When the price of a substitute good rise, then demand for the other substitute as well will rise.
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The product of 59,736 and 600 is
A) 29,868,000
B) 34,761,600
C) 35,625,600
D) 35,841,600
Answer:
D) 35,841,600Explanation:
I Hope That's Correct ✓ :)
9. Clayton Corporation common stock is expected to pay a dividend of $2.95 in one year. Company earnings and dividends are expected to grow at an annual rate of 9 percent. If you can buy this stock for $34.71, what is your expected return? a) 9.3% d) 18.3% b) 8.5% e) 17.5% c) 34.6%
The expected return is 17.5%.To calculate the expected return, we need to use the dividend discount model. We know that the dividend in one year will be $2.95, and we can assume that it will continue to grow at a rate of 9% annually.The correct answer in 17.5 %
Future stock price = Current stock price x (1 + expected annual return)^number of years
In this case, we only need to calculate the expected return, so we can use the formula:
Expected return = (Dividend in one year / Current stock price) + expected annual growth rate,Expected return = ($2.95 / $34.71) + 9% = 17.5%
This means that if you buy the Clayton Corporation common stock for $34.71, you can expect to earn an average annual return of 17.5%, assuming that the earnings and dividends grow at the expected rate.
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BCC Ltd purchased a machinery costing Rs 10,00,000 on January 1, 2019. A new machinery was purchased on 01, May 2020 for Rs 15,00,000 and another on July 1, 2022, for Rs 12,00,000. A part of the machinery which originally cost Rs 2,00,000 in 2019 was sold for Rs 75,000 on October 31, 2022. Show the Machinery account, from 2019 to 2022. If depreciation is provided at 10% per annum on written down value and account are closed on December 31st, every year.
The Machinery account for the years 2019 to 2022 is given below.
Machinery AccountDate Particulars Debit Credit
01/01/2019 Machinery 10,00,000
Depreciation 1,00,000
01/05/2020 Machinery 15,00,000
Depreciation 2,40,000
01/07/2022 Machinery 12,00,000
Depreciation 3,42,400
31/10/2022 Sale 75,000
Depreciation 51,600
31/12/2019 Depreciation 1,00,000
31/12/2020 Depreciation 2,40,000
31/12/2021 Depreciation 2,16,000
31/12/2022 Depreciation 3,42,400
Closing 10,98,000
How to explain the accountIt should be noted that to prepare the Machinery account, we need to record the purchase of machinery and the sale of a part of the machinery. Also, we need to calculate the depreciation on the machinery at the end of each year.
First, we need to calculate the depreciation on the machinery purchased on January 1, 2019.
Depreciation for the year 2019 = 10% of Rs. 10,00,000 = Rs. 1,00,000
Depreciation for the year 2020 = 10% of (Rs. 10,00,000 - Rs. 1,00,000) + 10% of Rs. 15,00,000 = Rs. 2,40,000
Depreciation for the year 2021 = 10% of (Rs. 10,00,000 - Rs. 1,00,000 - Rs. 2,40,000) + 10% of Rs. 15,00,000 = Rs. 2,16,000
Depreciation for the year 2022 = 10% of (Rs. 10,00,000 - Rs. 1,00,000 - Rs. 2,40,000 - Rs. 2,16,000) + 10% of Rs. 15,00,000 + 10% of Rs. 12,00,000 = Rs. 3,42,400
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Beginning raw materials inventory $ 4,100raw materials purchases 5,600ending raw materials inventory 4,600direct labor expense 2,600the amount of direct materials used in production for the year is:_______.
The amount of direct materials used in production for the year is $5,100.
What is the total cost of direct materials used in production?To determine the amount of direct materials used in production, we need to consider the changes in raw materials inventory and the direct materials purchases.
The formula to calculate direct materials used is: Direct Materials Used = Beginning Raw Materials Inventory + Raw Materials Purchases - Ending Raw Materials Inventory.
In this scenario, the beginning raw materials inventory is given as $4,100, the raw materials purchases amount to $5,600, and the ending raw materials inventory is $4,600.
By substituting these values into the formula, we can find the direct materials used in production.
Direct Materials Used = $4,100 + $5,600 - $4,600 = $5,100.
Therefore, the amount of direct materials used in production for the year is $5,100.
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4.2 Describe the shortcomings of holding inventory within the
supply chain
Inventory within the supply chain is the amount of stock that a business or company keeps available to meet demand. This helps them ensure that they are able to meet demand in the shortest amount of time.
However, there are several shortcomings of holding inventory within the supply chain:
Cost of holding inventory: The cost of holding inventory is very high. This is because inventory takes up a lot of space and requires resources to manage. This means that the longer a company holds inventory, the more money it has to spend on managing it.
Obsolete inventory: Inventory can become obsolete if it is not sold within a certain period of time. This can lead to significant losses for the company as the inventory will need to be disposed of or sold at a loss. This can have a major impact on the company's bottom line.
Lead times: Lead times can be a major challenge for companies that hold inventory. This is because it takes time to receive inventory from suppliers and to deliver it to customers.
This can lead to delays in meeting customer demand and can also lead to stockouts. This can be a major issue for companies that rely on their inventory to meet customer demand.
Overstocking: Overstocking can be a major issue for companies that hold inventory. This is because it can lead to increased costs and can also lead to stockouts. This can be a major issue for companies that rely on their inventory to meet customer demand.
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You have just made your first $4,000 contribution to your individual retirement account. Assume you earn an annual return of 11.35 percent and make no additional contributions. a. What will your account be worth when you retire in 45 years
Careful planning and a long-term perspective can help you build a solid retirement savings strategy and ensure a comfortable retirement.
Assuming an annual return of 11.35 percent and no additional contributions, your individual retirement account (IRA) will have grown significantly over the course of 45 years. In order to calculate the future value of your IRA, we can use a compound interest calculator.
Assuming a starting balance of $4,000 and an annual return of 11.35 percent, your IRA will be worth approximately $1,385,250.11 when you retire in 45 years. This assumes that you do not withdraw any funds from the account over the course of those 45 years.
It's important to note that the actual value of your IRA may vary based on a variety of factors, including changes in market conditions, taxes, and fees. Additionally, it's always a good idea to periodically review and adjust your retirement savings plan to ensure that you're on track to meet your long-term financial goals.
In order to maximize your retirement savings, it's often a good idea to make regular contributions to your IRA or other retirement accounts, and to take advantage of any matching contributions offered by your employer. You may also want to consider diversifying your investments to minimize risk and ensure that your portfolio is well-balanced.
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You are reporting on a concert that is coming to town tonight. Since the concert is a big event, you have a full minute for your news segment. You have shot all kinds of footage with the band, interviews with the fans, video of the venue and the band’s tour bus arriving and found footage from some of the band’s previous shows.
Use the storyboard below to edit all of your footage into a one-minute story. In each box describe what footage you’d use, write what will be said (or what viewers will hear) and how long it will last. Your story should include commentary and information on the concert along with the visuals.
There needs to be extensive planning for this. To begin, you must focus on the point that you want to emphasise the most, making sure to adhere to all the guidelines. There should be a box for each highlighted section.
In management, what does planning mean?Setting goals and figuring out a plan of action to reach those goals is the responsibility of planning, a management function. It is necessary for managers to foresee future situations and be aware of current environmental factors affecting their firm. The act of planning is considering the steps necessary to accomplish a specific objective. The essential ability for mental time travel, foresight, is the foundation of planning. It is claimed that one of the main forces in human evolution was the development of foresight, or the ability to plan forward.
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Write a suitable indefinite article before the following words or phrases and write
them again. (Copy the questions)
___heirloom ___astronomer
___ewe ___hotel employee
___honest man ___advocate
___one eyed dog ___awkward moment
___awesome picture ___European tourist
___incompetent employee ___auspicious moment
___humane person ___MLA
___horrible joke ___M. A student
Answer:
An heirloom, An astronomer
A ewe, A hotel employee
An honest man, An advocate
A one-eyed dog, An awkward moment
An awesome picture, A European tourist
An incompetent employee, An auspicious moment
A humane person, An MLA
A horrible joke, An M. A student
Explanation:
'A', 'an' and 'the' are the three articles that are used in English. They are used before nouns to specify them. 'A' and 'an' are indefinite articles and 'the' is the definite article. The indefinite article is used before the nouns which are not known or which are not identified. The definite articles are used before the identified noun. The indefinite article 'a' is used before the nouns that begin with a consonant sound. The indefinite article 'an' is used before the nouns that begin with a vowel sound.
why do economists use the production possibilities frontier
Economists use the Production Possibilities Frontier (PPF) as a crucial tool to understand the concept of opportunity cost and to analyze the efficient allocation of resources in an economy.
The PPF illustrates the trade-offs between producing two different goods or services, and it helps economists determine the best possible combination of these goods or services to maximize overall production. By plotting the PPF, economists can visualize the effects of different resource allocations on the production of goods and services. This enables them to identify the most efficient point on the curve, where resources are utilized optimally, and the opportunity cost is minimized. Furthermore, the PPF helps economists study the effects of technological advancements or changes in resource availability on an economy's overall production capacity. In addition to resource allocation and opportunity cost analysis, the PPF can also be used to explore the concept of economic growth. When an economy moves from a point inside the PPF to a point on the frontier, it indicates an improvement in efficiency or production capacity. Conversely, a movement from a point on the PPF to a point inside the curve suggests a decrease in efficiency or production capacity. Overall, the Production Possibilities Frontier serves as a valuable analytical tool for economists to better understand the relationship between resource allocation, opportunity cost, and economic growth. It helps them make informed decisions and recommendations to improve the efficiency and productivity of an economy.
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The industrial production of nitrogen-containing fertilizer is currently limited by the
lack of nitrogenase for the industrial process.
large amount of energy required.
inability to insert nitrogenase genes into plants.
limited supply of N2 gas.
need to exclude free oxygen in the process.
First option is correct. Currently, industrial production of nitrogenous fertilizers is limited due to the lack of nitrogenases for industrial processes.
The amount of energy used to produce fertilizer is not offset by the amount of energy plants use to produce fuel.
Due to its high nitrogen content, urea can damage plants when used undiluted, so it is often sold mixed with other agents.
However, excessive use of inorganic fertilizers can have negative effects on the environment. Inorganic fertilizers can harm the environment if used incorrectly. Problems that can arise from overuse of fertilizers include runoff and erosion, contamination of water supplies, and disruption of aquatic life.
Anhydrous ammonia is a high analytical value gaseous nitrogen fertilizer used directly in crop production. It is also the raw material for the production of the most common nitrogen fertilizers.
The application of organic materials improves the physical, chemical and biological properties of soil, whereas inorganic materials improve the chemical properties of soil. Adequate supply of essential macro- and micronutrients to meet plant needs.
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Suppose nominal GDP is $14 trillion and the money supply is $2 trillion. What is the velocity of money? Select one: OA 0.143 OB 7 Oc 12 D. 28
The frequency with which a unit of cash is exchanged within an economy over a specific time period is known as the velocity of money. We divide nominal GDP by money supply to determine the velocity of money.
Given that the money supply is $2 trillion and the nominal GDP is $14 trillion, the velocity of money may be determined as follows: Nominal GDP / Money Supply determines the speed of money. $14 trillion / $2 trillion is the velocity of money. Money Velocity = 7 Consequently, the money velocity is 7. This indicates that, on average, during the time period in question, seven transactions involved each unit of currency in the economy. It's critical to understand that the velocity of money can change over time and is affected by several elements, including monetary policy, consumer behaviour, and economic activity.
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When making decisions, managers often must decide between doing what is beneficial for the firm in the short term, and what is beneficial for both the firm and society in the long term. To address this conflict, a firm must
When making decisions, managers are often faced with a conflict between what is beneficial for the firm in the short-term and what is beneficial for both the firm and society in the long-term.
This conflict arises because the actions that benefit the firm in the short-term may not necessarily align with the interests of society as a whole, which can lead to negative consequences for both the company and society in the long-term.
To address this conflict, a firm must adopt a long-term orientation and consider the broader social and environmental impacts of its decisions. This means looking beyond immediate financial gains and recognizing that actions taken today can have far-reaching implications for the company's reputation, customer loyalty, employee morale, and overall sustainability.
Firms that prioritize social responsibility and sustainable business practices are more likely to build strong relationships with stakeholders, including customers, employees, investors, and regulators. They are also better equipped to weather economic downturns and other disruptions, as they have diversified their risk and invested in building resilient supply chains and communities.
Ultimately, the key to addressing the conflict between short-term gains and long-term benefits is a commitment to corporate social responsibility (CSR) and sustainable business practices. By prioritizing the needs of society and the environment alongside those of shareholders, firms can create value for all stakeholders over the long-term, ensuring their continued success and impact.
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give an example of a price ceiling and an example of a price floor
Example of a price ceiling: Rent control policies implemented by the government to limit the maximum rental price in a specific area. Example of a price floor: Minimum wage laws that set a legal minimum hourly wage for workers.
Rent control is an example of a price ceiling. It is a government-imposed restriction on the maximum rental price that landlords can charge for their properties. This policy is often put in place to protect tenants and ensure affordable housing options. However, it can have unintended consequences such as reduced investment in rental properties, deterioration of housing quality, and decreased availability of rental units.
Example of a price floor: Minimum wage laws that set a legal minimum hourly wage for workers.
Minimum wage laws are an example of a price floor. They establish a minimum hourly wage that employers must pay their workers. The purpose of a minimum wage is to ensure fair compensation and protect workers from exploitation. However, it can also lead to unintended consequences such as potential job losses, reduced hours for workers, and increased costs for businesses. The effectiveness and impact of minimum wage policies vary depending on the economic context and labor market conditions.
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Suppose Nationwide increases the insurance premium they charge for their auto policies by 12 percent. In response, the demand for State Farm auto policies in a small town increases from 3 comma 000 to 3 comma 300. What is the cross-price elasticity of demand for State Farm auto policies in this town? Using the midpoint formula, the cross-price elasticity of demand for State Farm auto policies is nothing. (Enter your response rounded to three decimal places.)
Answer:
0.794
Explanation:
Cross price elasticity of demand measures the responsiveness of quantity demanded of good A to changes in price of good B.
Cross price elasticity of demand = percentage change in quantity demanded of good A / percentage change in price of good B
Midpoint change in quantity demanded = change in quantity demanded / average of both demands
change in quantity demanded = 3300 - 3000 = 300
average of both demands = (3300 + 3000 ) / 2 = 3150
300/3150 = 0.095238 = 9.5238%
Cross price elasticity = 9.5238% / 12% = 0.794
If cross price elasticity of demand is positive, it means that the goods are substitute goods.
If the cross-price elasticity is negative, it means that the goods are complementary goods.
Reinvesting cash flow allows a firm produce additional products and generate additional sales.
O True
O False
What is forms of buisness??
Answer and Explanation:
Some forms of business are sole proprietorship, partnership, corporation, and s corporation.
What is the maximum output that the economy can sustain over a period of time called? O A. productive capacity O B. economic output O C. controlled incentive O D. maximum spending
Answer:
A. Productive capacity
Explanation: