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Softa [21]
2 years ago
7

Inelastic demand creates an incentive for suppliers to: A) compete with each other and increase the quantity supplied. B) stop p

roducing altogether. C) try to get together and increase the quantity supplied. D) try to get together and limit the quantity supplied.
Business
1 answer:
STALIN [3.7K]2 years ago
8 0

Answer:

D) try to get together and limit the quantity supplied.

Explanation:

Elasticity of demand is defined as a measure of the responsiveness of changes in quantity demanded with change in price.

When price increases the quantity demanded falls.

If a good is inelastic it means that the price increase will not result in a big drop in quantity demanded.

So if suppliers notice a good is inelastic they will most likely come together to reduce supply while increasing prices. This will result in higher revenues for them as quantity demanded does not fall with increase in price.

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In two paragraphs, compare secured and unsecured types of credit. Secured sources of credit include title loans and personal loa
grigory [225]

Secure credit is credit that is given with a connection to a piece of collateral, such as a car or a home. This means that, if you were to default on your payments, the lender would be legally entitled to taking possession of the collateral. An example of this is a car loan, which is a loan that is used to purchase a car. On the other hand, an unsecured loan is one that is not protected by any collateral. This means that the lender cannot immediately take your property of you default on the loan. An example of this is a credit card.

In the case of a secured car loan, interests tend to be lower because of the security that the collateral (the car) provides. Moreover, these loans tend to provide interest rates that are fixed, which means that it is easier to plan for this expense and avoid falling behind on payments. The risk for the lender is less with a secured loan, as he is able to take the property and resell it if the borrower is unable to repay the loan. On the other hand, credit card are riskier for the lender (the bank) as they are unsecured, and this means that they are unable to immediately take any property from the borrower who did not repay. Because of this high risk, interest rates also tend to be high.

3 0
2 years ago
Let M be the number of units to make and B be the number of units to buy. If it costs $2 to make a unit and $3 to buy a unit and
Kobotan [32]

Answer:

Min 2M + 3B

Explanation:

Data provided in the question

Let us assume M denotes the making units

B denotes the buying units

So,

Making cost per unit = $2

And, the buying cost per unit = $3

And, the total number of units required = 4,000 units

Based on the above information, the objective function is Min 2M + 3B.

This indicates the minimum total cost

Hence, the correct option is A.

7 0
1 year ago
A small college employs two economists. Rob has been employed by the college for 15 years and Bill has been employed for one yea
Korvikt [17]

Answer:

E. efficiency wages

Explanation:

Clearly this isn't a discrimination case, as Rob has a robust background with the company (15 years). Although their work output may be the same, Rob's experience justifies the higher pay.

This is one form of efficiency wage theory, holding that higher wages lead to increased employee productivity. This way, Rob gets an incentive for staying with the company.

5 0
2 years ago
Fishwick Enterprises has 200,000 shares outstanding, half of which are owned by Jennifer Fishwick and half by her cousin. The tw
Ivahew [28]

Answer:

A. 20%

B.$4,000000

C. 62,500

D. $6,500,000

E $1,500,000

Explanation:

3 0
1 year ago
When filling out paperwork after you've been hired, you must have a:
lina2011 [118]

i feel either c or d but d is probably wrong because they would have asked you that at the interview and c could be right because they need your social security for taxes so C

8 0
1 year ago
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