Answer:
The answer is there will a loss of $1600 if the material is reworked rather than sold at scrap value.
Explanation:
Sales value of reworked material: $32,600
Less: Cost to rework material: $2,300
Net Sales Value: $30,300
Current Scrap Value: $31,900
Net loss : $1,600
($1,600)
Most likely, a macroeconomist will research inflation. As a result, choice (C) is the proper approach.
In the field of economics, inflation is the overall rise in the cost of products and services throughout a country's economy.
A decrease in the purchasing power of money results from an increase in the general price level, which makes each unit of currency buy less in goods and services.
This is why inflation is a result of rising prices generally. Deflation is the reverse of inflation, which is an increase in the average level of prices for goods and services.
The annualized percentage change in an index of general prices, or the inflation rate, is the most widely used indicator of inflation. The consumer price index (CPI) is frequently employed for this since household prices do not rise uniformly. American salaries are calculated using the employment cost index.
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Answer:
I would say the answer is c. inflation.
Answer:
... an increase in supply due to an improvement in technology will result in a lower price and decrease in total revenue.
Explanation:
Price Elasticity of Demand = % change in quantity demanded / % change in price
When elasticity < 1, % change in price will be larger than % change in quantity demanded.
Increase in supply means increase in quantity to be sold. There will be a larger decrease in price (Normally when price rises quantity demanded falls and vice versa)
Revenue = Price x Quantity => when price decreases more than quantity increases, revenue will fall
A patent is good for 20 years from the filing date of the application in the United States. However, this does not match the options you provided (5 years, 7 years, 10 years, 17 years). Please double-check the options and let me know if there are any updates or corrections.
Whoever invents or discovers any new and useful process, machine, manufacture, or composition of matter, or any new and useful improvement thereof, may obtain a patent therefor, subject to the conditions and requirements of this title. There are three types of patents: utility, design, and plant. A U.S. utility patent, explained above, is generally granted for 20 years from the date the patent application is filed; however, periodic fees are required to maintain the enforceability of the patent. The term for which a utility patent is valid is generally 20 years from the date of filing, and the term for which a design patent is valid is generally 15 years from issuance. However, this does not match the options you provided
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b. high . . . high
c. low . . . low
d. low . . . high
Answer:
A is the answer