which has greater elasticity: a supply curve that goes through the origin with slope of 1 or a supply curve that goes through the origin with slope of 3?

Answers

Answer 1

A deliver curve that is going via the beginning with slope of one or a deliver curve that is going via the beginning with slope of 3: They each have the identical elasticity.

The required details for Elasticity in given paragraph

Elasticity measures the proportion alternate of 1 monetary variable in reaction to a percent alternate in another. If the fee elasticity of the call for of some thing is -2, a 10% boom in fee reasons the call for amount to fall through 20%. Elasticity is an essential idea inner classical monetary principle, and permits within side the expertise of numerous monetary concepts, along with the prevalence of oblique taxation, marginal concepts regarding the principle of the firm, distribution of wealth, and different varieties of goods regarding the principle of client choice. An expertise of elasticity is likewise essential whilst discussing welfare distribution, in particular client surplus, manufacturer surplus, or authorities surplus.

Elasticity is gift all through many monetary theories, with the idea of elasticity performing in numerous major indicators. These include fee elasticity of call for, fee elasticity of deliver, profits elasticity of call for, elasticity of substitution between elements of production, cross-fee elasticity of call for, and elasticity of intertemporal substitution.

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Related Questions

A company receives $113, of which $13 is for HST (harmonized sales tax). The journal entry to record the sale would include a A. debit to HST Expense for $13. B. credit to HST Payable for $13. C. debit to Sales for $113. D. debit to Cash for $100.

Answers

The journal entry to record the sale would include: D. Debit to Cash for $100.

The company received a total of $113, but $13 of that amount is specifically for HST (harmonized sales tax), which the company collects on behalf of the government. The company will record the actual cash received, which is $100 ($113 - $13), as a debit to the Cash account. This reflects the increase in the company's cash balance. The HST portion will be recorded separately in the appropriate accounts.

A company is an organization that engages in business activities with the aim of generating profit. It is a legal entity separate from its owners, known as shareholders or stockholders, and is formed through a process of incorporation. Companies can be of various types, including sole proprietorships, partnerships, limited liability companies (LLCs), and corporations.

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The Korean soap opera example discussed in the video is an example of how Domino’s was successful at educating the South Korean market about pizza. Knowing who you are as a business is important but to be successful in the global market one must

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To thrive globally, businesses must be adaptable to consumer needs, as demonstrated by Domino's customization for the South Korean market. Therefore, option D is correct.

In the dynamic landscape of global markets, success on a business's agility to harmonize its core identity with diverse consumer preferences.

Domino's adeptly exemplified this principle by tailoring its pizza offerings to the unique taste and cultural nuances of the South Korean audience.

This strategic flexibility not only underscores the importance of consumer-centricity but also signifies a forward-looking approach, where the fusion of a company's essence with consumer demands becomes a catalyst for triumph on the international stage.

Therefore, option D is correct.

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Most probably, your complete question is this:

The Korean soap opera example discussed in the video is an example of how Domino's was successful at educating the South Korean market about pizza. Knowing who you are as a business is important but to be successful in the global market one must

Multiple Choice

A. know you have the best product and wait for the consumer to figure it out too.

B. be brave enough to stand firm and not change your product for anyone.

C. be unwilling to embrace change.

D. be flexible to the needs of the consumer

E. None of these choices are correct.

The "invisible hand" concept suggests that
A. changes in product demands are only randomly reflected in changes in the demands of for resources
B. Profit maximization is inconsistent with its efficient allocation of resources
C. When firms maximize their profits society's output will also be maximized.
D. Government action is necessary to correct for market failures

(This is an economics question)

Answers

the answer is C hope it helps

all of these offices are part of the plural executive except

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In the context of government systems, a plural executive refers to a system in which executive power is divided among multiple offices or individuals.

Typically, each office has independent authority and is accountable to the electorate or other governing bodies. Therefore, all of the following offices are part of the plural executive:The head of the executive branch in many government systems, responsible for the overall administration and implementation of laws.The second-highest executive office, often serving as a deputy to the governor and assuming the governor's duties in their absence or vacancy.

The chief legal officer, responsible for providing legal advice, representing the state in legal matters, and enforcing laws.Responsible for maintaining official records, overseeing elections, and managing state government documents and archives.

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Design app concept about Hotel Management System in app.moqups

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Here's a guide on how to design an app concept about Hotel Management System in app.moqups.

Step-by-step guide:1. Create a new project in app. moqups and choose the device type you want to design for, such as a mobile phone or tablet.
2. Add a background image that represents a hotel or a hotel room.
3. Start by creating a landing page with the name and logo of the app and the main functionalities of the app. This page should also include a search bar to search for hotels.
4. Design a search results page that displays a list of hotels based on the user's search criteria, such as location, price, and ratings. Each hotel listing should include an image, name, description, and rating.
5. Create a hotel details page that displays more information about the hotel, such as the amenities, room types, rates, and availability. This page should also include a booking button that takes the user to a booking page.
6. Design a booking page that allows the user to select the check-in and check-out dates, the number of rooms and guests, and the payment method. This page should also include a summary of the booking details and a confirmation button.
7. Create a profile page that allows the user to manage their bookings, view their booking history, and update their personal information.
8. Design an admin dashboard that allows the hotel staff to manage the bookings, view the occupancy rates, and update the room availability. This dashboard should also include a messaging system that allows the staff to communicate with the guests.
9. Add additional features such as a review system, loyalty program, and chatbot that provides customer support. Hopefully, this step-by-step guide helps you to design an app concept about Hotel Management System in app.moqups.

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Which of the following is TRUE about owning a share of stock?

A. The value of a share is based on the number of investors in a company.
B. You have to return the share of company you own typically after 5 years, otherwise, you pay a penalty fee each year.
C. Owning a share means you own a percentage of the company.
D. Companies lose significant amounts of money every time someone buys a share.

Answers

Answer:

A

Explanation:

The answer to that Question would be A

The value of a share is based on the number of investors in a company that is TRUE about the share of stock.

What is a share stock?

Share stock implies the ownership of the individuals in the business based upon the percentage of their holdings in total business shares. It means the single smallest denomination that a company has.

Therefore, the value that share has is based upon the demand for the company's share and supply in the market.

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In general, attitudes are used for ____. a. choosing b. identifying c. motivating d. explaining

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In general, attitudes are used for motivating. The concept of attitude can be defined as a mental state or outlook with respect to a particular object or idea.

Attitude is a construct in psychology that is used to explain or interpret behavior. It refers to a person's positive or negative evaluation of a particular entity or object. Therefore, the correct option is c. motivating. The extrinsic incentive includes things like getting paid to complete a task. Even though you might prefer to spend your day doing something else, you are motivated to go to work because you need the rewards from your job to pay your bills.

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A mining company plans to mine a beach for rutile. To do so will cost $12 million up front and then produce cash flows of $5 million per year for five years. At the end of the sixth year the company will incur shut - down and clean - up costs of $4 million. If the cost of capital is 14%, then what is the MIRR for this project?
A. −110%
B. −70%
C. −100%
D. −90%

Answers

The correct answer is D. -90%.

To calculate the modified internal rate of return (MIRR), we need to find the discount rate that makes the present value of the project's outflows (the initial investment and the shutdown costs) equal to the present value of the project's inflows (the cash flows from years 1-5).

We can start by calculating the present value of the cash flows from years 1-5:

PV of cash flows = $5 million * ((1 - (1 / (1 + 0.14)^5)) / 0.14) = $17.92 million

Next, we can calculate the present value of the outflows:

PV of outflows = -$12 million - $4 million / (1 + 0.14)^6 = -$12.44 million

Now we can find the discount rate that makes the PV of outflows equal to the PV of inflows using the MIRR function on a financial calculator:

N = 6

PV = -$12.44 million

PMT = $5 million

FV = $0

MIRR = -90%

Therefore, the MIRR for this project is -90%.

This means that the project is not a good investment because the MIRR is negative and lower than the cost of capital.

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what company is credited with developing the lean manufacturing revolution

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Toyota is credited with developing the lean manufacturing revolution. The lean manufacturing revolution was pioneered by the Japanese automaker Toyota.

It was developed in the 1950s by Taiichi Ohno, an engineer at Toyota, and is known as the Toyota Production System (TPS). The TPS revolutionized manufacturing by emphasizing the elimination of waste, continuous improvement, and respect for people. It introduced concepts such as just-in-time production, where materials are delivered exactly when needed, and the use of kanban, a visual signaling system for inventory control. The lean manufacturing principles developed by Toyota have since been widely adopted by companies worldwide across various industries to improve efficiency, reduce costs, and enhance quality.

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Which of the following government activities is a regulatory function? Select one:
a. maintenance of roads and highways
b. provision of social services
c. administration of grants
d. prevention of unsafe work places

Answers

Answer:

It is most likely d.

The correct answer is option d. prevention of unsafe workplaces.

The regulatory function of government involves the establishment and enforcement of rules, regulations, and standards to ensure compliance and protect the public interest. Out of the options provided, the activity that best represents a regulatory function is prevention of unsafe workplaces.

The prevention of unsafe workplaces involves the government setting and enforcing regulations and standards to ensure the safety and well-being of workers. This can include inspections, enforcement of safety protocols, and penalties for violations. The aim is to protect employees from hazards and promote a safe working environment.

The other options listed do not fall under the regulatory function of government. Maintenance of roads and highways is a public service function related to infrastructure development. Provision of social services involves the government providing assistance and support to individuals and communities in need. Administration of grants is a financial function related to the distribution of funds for specific purposes.

Therefore, the correct answer is option d. prevention of unsafe workplaces.

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Which of the following are used by economists to define and measure economic growth? (Select allthat apply.)an increase in real GDP occurring over some time periodan increase in nominal GDP occurring over some time periodan increase in nominal GDP per capita occurring over some time periodan increase in real GDP per capita occurring over some time period

Answers

Economists use the following factors to define and measure economic growth:An increase in real GDP occurring over some time period.An increase in nominal GDP per capita occurring over some time period.

An increase in real GDP per capita occurring over some time period.An increase in nominal GDP occurring over some time period.The Gross Domestic Product (GDP) is the sum of all goods and services produced by a country over a specific period, usually annually. Economic growth is measured using this GDP, and there are two different ways to measure GDP; the nominal and the real GDP.Nominal GDP is the sum of all goods and services produced by a country, valued at their current market prices. Real GDP, on the other hand, is calculated by adjusting the nominal GDP for inflation. Real GDP provides a more accurate representation of a country's economic growth since it factors in the effect of inflation that affects nominal GDP.The per capita GDP is the GDP divided by the country's population. It is an essential factor in measuring economic growth since it measures the economic growth of each individual in the country. Inflation affects both the nominal and real per capita GDP, making it essential to factor it in the measurement of economic growth.

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Select the four factors required for marketing to occur.
a. a desire to turn a need into a want
b. a way for the parties to communicate
c. two or more parties with unsatisfied needs
d. something for the parties to exchange
e. a desire for the parties to have their needs satisfied
f. a universal form of payment

Answers

The four factors necessary for marketing to occur are a desire to turn a need into a want, a way for the parties to communicate, two or more parties with unsatisfied needs, and something for the parties to exchange.

Marketing plan

It is a document where the marketing objectives that will make a company well positioned in the market are described. It must be aligned with the company's objectives and the needs of the target audience.

Therefore, the marketing objectives correspond primarily to creating value for the consumer, through the satisfaction of their needs and desires and a focused communication that generates engagement and relationship.

The correct answer is:

a. a desire to turn a need into a want

b. a way for the parties to communicate

c. two or more parties with unsatisfied needs

d. something for the parties to exchange

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Describe factors that encourage conspicuous
consumption by the purchase of status sym-
bols.

Answers

Veblen's initial thesis said that better social standing and peer recognition were the two key factors influencing ostentatious consumption.

Conspicuous consumerism is the act of acquiring things or services specifically with the intention of flaunting one's affluence. When publicly exhibited products and services are too expensive for other people in a person's class, conspicuous spending is a way to demonstrate one's social position.

What is the conspicuous consumerism theory?

Conspicuous consumption is defined as. Displaying extravagant riches in order to improve one's standing and reputation in society is known as conspicuous spending.

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a _____ leader prefers to be in total control of her employees. participative rational democratic consultative

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Authoritarian leader prefers to be in total control of their employees.

An authoritarian leader is someone who exercises strict and total control over their employees or subordinates. This type of leader typically gives orders and expects them to be obeyed without question or dissent. They often use a top-down approach to decision-making, meaning that they make all decisions without input from their team members. They are often focused on results and efficiency and may be perceived as strict or demanding.

Authoritarian leadership can be effective in certain situations, such as in a crisis where quick decisions need to be made. However, it can also be detrimental to team morale and productivity in the long term, as employees may become disengaged or resentful of being micromanaged.

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Determine which of the statements below are accurate regarding how a petty cash fund is created and used in a business. (Check all that apply.)
A. When the fund is replenished, the Petty Cash fund account is debited.
B. Any employee may disburse cash from the fund as long as they bring back a receipt for their purchase.
C. The petty cashier is responsible for making payments from the petty cash fund.
D. The petty cashier is responsible for keeping the cash in the fund safe.
E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time
F. A check is drawn by the company cashier to establish the petty cash fund

Answers

Answer:

Options C,D,E and F are correct

Explanation:

Petty cash fund is used to provide sufficient cash to business units to spend on minor expenditures such as postage, taxi fares, etc.

The following statements are accurate regarding how a petty cash fund is created and used in a business:

C. The petty cashier is responsible for making payments from the petty cash fund.

D. The petty cashier is responsible for keeping the cash in the fund safe.

E. The sum of all petty cash receipts plus the remaining cash should equal the total of the fund amount at any given time

F. A check is drawn by the company cashier to establish the petty cash fund

cell division in both bacterial and eukaryotic cells produces genetically cells.

Answers

Genetically identical cells are produced during bacterial and eukaryotic cell division. Actions that take place while the bacterial chromosomes segregate during binary division.

What happens during the cycles of eukaryotic and prokaryotic cell division?

Almost all cells undergo cell division as part of their life cycle. Cell division is the process through which a single cell splits into two different cells. Binary fission is the method used for most bacterial cell divisions. Mitosis and cytokinesis are the two main stages of cell division in eukaryotes.

How do bacterial and eukaryotic cell divisions differ from one another?

Two different types of cell division mechanisms exist in eukaryotes. A vegetative cell division called mitosis and a reproductive cell division called meiosis are both present in eukaryotic cells.

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Provide an answer for one of the questions below. Be concise. 1. How can team leaders meet the individual needs of members while still treating everyone fairly? OR 2. What are the most common triggers of felt inequity in the workplace, and what can a manager do about them?

Answers

(1) Team leaders can meet the individual needs of members by recognizing and acknowledging their unique strengths, preferences, and challenges.

(2) The most common triggers of felt inequity in the workplace are perceived unfairness in pay, promotions, recognition, and workload distribution.

(1) They can have one-on-one meetings to understand each member's goals, interests, and concerns, and tailor their leadership style accordingly.

At the same time, they can treat everyone fairly by creating clear and consistent expectations, providing equal access to resources and opportunities, and being transparent in decision-making processes.

It's a delicate balance, but communication and empathy are key.

(2) The most common triggers of felt inequity in the workplace are perceived unfairness in pay, promotions, recognition, and workload distribution.

Managers can address these issues by being open and transparent about their decision-making criteria, providing regular feedback and recognition, and involving employees in the decision-making process as much as possible.

They can also ensure that policies and procedures are consistent and equitable across the board and that they are addressing any unconscious biases or stereotypes that may be contributing to inequity.

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Which savings account will earn the most interest?
A $5,000 at 4 percent interest compounded for four years
B. $10,000 at 2 percent interesi compounded for four years
C. $10,000 at 2 percent simple interest for four years
D. $5,000 at 4 percent simple interest for four years

Answers

The savings account that will earn the most interest is $10,000 at 2 percent interest compounded for four years.

What is simple interest and compound interest?

Simple interest rate is the interest that is paid only on the principal portion of a loan. Compound interest is when both the amount deposited and the interest already earn increase in value when interest is paid.

Thus, when an account is compounded and the other earns a simple interest, the account that earns a compound interest would have a higher value than the account that  earns a simple interest.

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Answer:

The answer is A. $5,000 at 4 percent interest compounded for four years.

Which quality of accounting information states that the information is verifiable and is not subject to opinion.

Answers

Reliability!

Hope this helps, Good luck! :)

Write down two or three ways you compare yourself to others.

Answers

Y’all’s daily routines and the type of work you do in a day

Can you really answer the question of whether an opportunity is real before developing a product concept?

Answers

Answer:

Yes

Explanation:

For example, it has been said that what prompted e-commerce on platforms such as Amazon, eBay, etc was a result of the opportunity their founders saw with the invention/adoption of the internet.

In other words, they saw a real opportunity (through the internet growth rate) and thus decided to develop a product concept. Hence, we could thus conclude with a yes to the question.

"The country of bienmundo does not trade with any other country. its gdp is $30 billion. its government purchases $5 billion worth of goods and services each year and collects $6 billion in taxes. private saving in bienmundo amounts to $5 billion. what are consumption and investment in bienmundo?"

Answers

Answer:

Consumption in Bienmundo =$19bn

Investment in Bienmundo =$6bn

Explanation:

Formula for calculating private savings is ;

1. Private savings = GDP - Tax - Consumption

$5bn = $30bn - $6bn - Consumption

Consumption = $30bn - $6bn -$5bn

Consumption = $19bn

We will also use the formula for calculating GDP without export and import because Bienmundo does not trade with any other country

2. GDP = Consumption + Government expenditure + Investments

$30bn=$19bn + $5bn + Investment

Investments = $30bn -19bn - $5bn

Investments = $6bn

If tax rates decrease as income falls, the tax structure is​

Answers

Regressive taxes are those with tax rates that lower as income rises.

What are tax rates?

The term "tax rates" refers to a progressive tax rate system, in which the amount of tax owed rises as taxable income for an individual or company does.

Regressive taxes are those in which the average tax burden reduces as income increases. Middle- and high-income taxpayers bear a disproportionately large fraction of the tax burden, compared to low-income taxpayers, who bear a negligible amount.

Hence, the significance of the tax rates is aforementioned.

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Why is cvp analysis more difficult when using absorption costing than when using variable costing?.

Answers

CVP analysis is more difficult because its requires costs to be broken down between variable and fixed which is not done in absorption costing.

What is a CVP analysis?

This is an analysis that find out how changes in the firm's variable and fixed costs affect the firm's profit.

Hence, the analysis is difficult when using absorption costing than when using variable costing because its requires costs to be broken down between variable and fixed which is not done in absorption costing.

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If you could franchise a business - what business would you choose? (2-3 sentences)

Answers

Answer:

I would choose the Franchise Dunkin Donuts since many people get hungry in the morning. And since plenty of people work in the day times. It would be a mastermind full proof plan of sweet success.

Explanation: In Russia dog does not eat your homework, I do.

what are the difference between engineer and architect?plz help!!!!!​

Answers

Answer:

an architect is focused on designing and construction the form space, and ambiance of buildings and other physical environments, whereas, engineers ensure that the design will work by applying scientific principles.

A new body of evidence is emerging in the field of behavioral finance which shows that investors often behave irrationally, but in predictable ways. Explain the following biases that affect the rationality of people's decision-making process: i. overconfidence ii. self-attribution bias
iii. herding

Answers

Overconfidence: Excessive belief in one's abilities and knowledge, leading to overestimation of investment performance. Self-attribution bias: Attributing success to internal factors and failure to external factors, distorting decision-making.

i. Overconfidence: This bias refers to an individual's excessive belief in their abilities and knowledge, leading them to overestimate their investment performance. Overconfident investors may take excessive risks, underestimate uncertainties, and make investment decisions without thoroughly considering all available information.

ii. Self-attribution bias: This bias occurs when individuals attribute their investment successes to their own skills or abilities, while attributing failures to external factors beyond their control. This bias distorts decision-making by inflating one's confidence and overlooking personal mistakes, potentially leading to poor investment choices and a lack of accountability.

iii. Herding: Herding bias describes the tendency of individuals to follow the actions and decisions of others, even if it contradicts rational analysis or information. This bias stems from the belief that others possess superior knowledge or that safety lies in numbers. Herding behavior can amplify market trends, leading to bubbles or crashes, as individual decision-making is influenced more by social conformity than by independent analysis of investment fundamentals.

These biases highlight how irrational behavior can influence investment decisions, leading to suboptimal outcomes and market inefficiencies. Understanding and mitigating these biases is crucial for investors to make more rational and informed choices.

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This is for my class in finance
What is one way to minimize the impact of unplanned spending on a budget?
I will mark brainliest !!!

Answers

Answer:

1. Work with credit card companies. ...

2. Sell your stuff. ...

3. Earn extra income. ...

4. Take on a short-term money loan. ...

5. Re-budget to live below your means. ...

6. Ask for a paycheck advance. ...

7. Make sure you're prepared for next time.

Information ads help supply _?_that help you learn about and compare products and services.
a. suggestions
C. ideas
b. thoughts
d. facts
Please select the best answer from the choices provided
A
B
С
D

Answers

Answer:

a is your answer

Explanation:

What is the best idea when you are filling out tax forms for the very first time?

Answers

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