Home / Questions / The demand for a product is more elastic the more broadly defined the product. higher t
1. The demand for a product is more elastic the
A. more broadly defined the product.
B. higher the price of the product is.
C. less substitutes available for that product.
D. smaller the share of a consumer's income the item represents.
E. none of the above.
2. If output is produced according to Q = 5Lk (L is the quantity of labor and k is the quantity of capital), the price of K is $12, and the price of L is $6, then the cost minimizing combination of K and L capable of producing 4,000 units of output is
A. L = 25 and k = 32.
B. L = 30 and k = 26.67.
C. L = 10 and k = 80.
D. L = 20 and k = 40.
E. L = 40 and k = 20.
3. A firm has a division which produces chemical Y, whose average total costs are
ATC = 50 + 2Q (where Q is the quantity of Y), and a marketing division which adds its own average total costs of ATC = 20 + 3Q. There is no external market price of Y. The transfer price of Y should be
A. $50.
B. $4Q.
C. $50 + 4Q.
D. $2Q.
E. $5Q.
Nov 10 2017 View more View Less
Elimination of Unprofitable Segment DecisionE 9. URL Services has two divisions: Basic Web Pages and Custom Web Pages. Ricky Vega, manager of Custom Web Pages, wants to f...
Jun 22 2020Additional investments of capital during the month are not reported on the statement of owner's equity.TrueFalse
Aug 11 2021What is the effect of granting a motion to dismiss?
Jul 28 2021Write 2-3 paragraphs answering the question below:Discuss how different values might influence organizational practices in different cultures. For instance, how may the d...
Aug 22 2020A fund manager has a portfolio worth $100 million with a beta of 1.5. The manager is concerned about the performance of the market over the next two months and plans to ...
May 05 2021What is the lattice energy of Heat of formation = -795.4 kJ/molSublimation energy = +178 kJ/molDissociation energy (Cl-Cl) = +243 kJ/mol1st Ionization energy (Ca) = +590 ...
Jul 26 2021Tom Glass forecasts electrical demand for the Flatlands Public Power District (FPPD). The FPPD wants to take its Comstock power plant out of service for maintenance when ...
May 16 2018(40 points) Solve the problem PDE: U11 = 64uxx, 0 0 BC: u(0, t) = u(1,t) = 0 IC: u(x,0) = 4 sin(21x), uz(x,0) = 9" aria-describedby="fak" />
May 11 20211. Which of the three cutting forces in oblique cutting consumes most of the power?2. How is the energy in a machining process typically consumed?3. Where does the energy...
May 23 2020Many businesses include opt-out provisions in their arbitration clauses, but few consumers and employees take advantage of them. Why?
Jul 28 2021