If supply is quite elastic, an increase in demand for output will:
a) increase equilibr...
If supply is quite elastic, an increase in demand for output will:
a) increase equilibrium price substantially and increase equilibrium output substantially.
b) increase the equilibrium price substantially and increase equilibrium output slightly.
c) increase equilibrium price slightly and increase equilibrium output substantially.
d) increase the equilibrium price slightly and increase equilibrium output slightly.
e) not affect equilibrium price and output.
Answers: 2
Another question on Business
Business, 21.06.2019 13:30
Corporation b reported earnings per share of $10. corporation b has 100,000 shares of common stock outstanding and reported an increase in owners' equity of $400,000 for the period. corporation b paid $50,000 in interest expense during the period. corporation b paid dividends per share of
Answers: 3
Business, 22.06.2019 11:30
12. to produce a textured purée, you would use a/an a. food processor. b. wide-mesh sieve. c. immersion blender d. food mill. student a incorrect which is correct answer?
Answers: 2
Business, 22.06.2019 15:00
Oerstman, inc. uses a standard costing system and develops its overhead rates from the current annual budget.the budget is based on an expected annual output of 120,000 units requiring 480,000 direct labor hours.(practical capacity is 500,000 hours)annual budgeted overhead costs total $772,800, of which $556,800 is fixed overhead.a total of 119,300 units, using 478,000 direct labor hours, were produced during the year.actual variable overhead costs for the year were $260,400 and actual fixed overhead costs were $555,450.required: 1. compute the fixed overhead spending variance and indicate if favorable or unfavorable.2. compute the fixed overhead volume variance and indicate if favorable or unfavorable.
Answers: 3
Business, 22.06.2019 15:20
Abank has $132,000 in excess reserves and the required reserve ratio is 11 percent. this means the bank could have in checkable deposit liabilities and in (total) reserves.
Answers: 3
You know the right answer?
Questions
Social Studies, 16.04.2020 00:29
Health, 16.04.2020 00:29
