1. How does time influence the elasticity of supply? Give one example of a good with elasticity of supply and an example of a good without elasticity of supply.

2. Knowing that businesses have a profit motive, explain why and how a business calculates is operating costs.

3. List and explain three ways the government can influence the supply of a good.

4. In a few sentences, describe how a change in input costs (positive and negative!) changes the supply of a good.

Answers

Answer 1

1.The price elasticity of supply (PES) is the measure of the responsiveness in quantity supplied (QS) to a change in price for a specific good (% Change QS / % Change in Price). There are numerous factors that directly impact the elasticity of supply for a good including stock, time period, availability of substitutes, and spare capacity. The state of these factors for a particular good will determine if the price elasticity of supply is elastic or inelastic in regards to a change in price.

2. Profit is the revenue remaining after all costs are paid. These costs include labor, materials, interest on debt, and taxes. Profit is usually used when describing business activity. But everyone with an income has profit. It's what's left over after paying the bills.

Profit is the reward to business owners for investing. In small companies, it's paid directly as income. In corporations, it's often paid in the form of dividends to shareholders.  

When expenses are higher than revenue, that's called a loss. If a company suffers losses for too long, it goes bankrupt.

3. The government can influence supply by adding excise taxes on materials, making production costs too high, so producers decrease supply.

4. A supply curve shows how quantity supplied will change as the price rises and falls, assuming ceteris paribus—no other economically relevant factors are changing. If other factors relevant to supply do change, then the entire supply curve will shift. A shift in supply means a change in the quantity supplied at every price.

Say we have an initial supply curve for a certain kind of car. Now imagine that the price of steel—an important ingredient in manufacturing cars—rises so that producing a car becomes more expensive.


Related Questions

Lee is suffering from an illness that resulted from an abnormal resistant response by the body against substances and tissues that are normally present in the body. He is suffering from:_________

Answers

Answer:

Lupus

Explanation:

Lupus is an inflammatory disease that occurs when the immune system attacks its own tissues.

Some of the symptoms of lupus includes fatigue, joint pain, rash and fever. There is no cure for lupus

Elaine and Coleman are happily married and always say, "I love you," before ending their phone conversations. The fact that the words do not have the same emotional impact as the first time they were spoken is indicative of the principle that:

Answers

Answer:

Communication is unrepeatable.

Explanation:

Which factors contribute to the climate in North Carolina? Check all that apply. Higher latitudes result in warm temperatures. Higher elevations create cool temperatures. Ocean breezes keep the climate cold all year. Mountain ranges can affect weather patterns. Coastal areas typically have mild climates.

Answers

Answer:

The correct options are;

Higher elevations create cool temperatures

Mountain ranges can affect weather patterns

Coastal areas typically have mild climates

Explanation:

The higher elevation areas are known to have the coldest temperatures on record of -25° an the Grandfather Mountain and the mountains are areas of regular snowstorms, while the regions close to the ocean in the Eastern North Carolina rarely observed ice and snow as a result of the heating effect of the Gulf Stream

The experience of a warm and dry atmosphere due to the "sinking motion" is enabled by the interaction of the weather and atmosphere. The effect of cutting through the clouds by the sinking air from the mountain top leads to some of the highest temperatures witnessed in the central and Eastern North Carolina.

The coastal regions have a lower temperatures than the inland areas in midsummer and snowfall occurs only a few number of times in the coastal regions of which the Coastal Plains make up about 50% of the state.

since the 1800s, conflicts between great britain and ireland often centered on:
A: ireland's refusal to give up its monarchy
B: ireland's attempt to establish an empire
C: Great britain's support for roman catholicism
D: Great britain's control over parts of Ireland.

Answers

D there’s been many short timed wars over norther Ireland so that would make it D

Answer:

its D for sure i checked

Explanation:

Machiavelli on Promises: “The promise given was a necessity of the past: the word broken is a necessity of the present.” What does this quote mean a leader might do to get elected?

Answers

Answer:

This quote means that keeping or failing a promise depends on the situation and either could be used by a politician as per the requirement.

Explanation:

This quote has been in reference to the promises made by rulers of city-states in varying situations with either the intention of completing the promise or to fall off his words. This quote convinces people that because of the reality of an unchangeable circumstance the promises made to them could not be fulfilled. However, Machiavelli's quote on a promise is not directed to common people but rulers who make promises in very situations across their lifetime, and therefore its relevance is unique to the situation.

This remark implies that whether a politician keeps or breaks a pledge depends on the circumstances, and that either option might be employed depending on the occasion.

This phrase has been used to characterize promises made by city-state rulers in a variety of settings, with the objective of fulfilling or breaking the pledge. This quote persuades people that commitments made to them could not have been kept due to the reality of an unalterable situation.

However, Machiavelli's pledge remark is addressed at rulers who make pledges in certain moments throughout their lives, therefore its application is specific to the context.

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what is conflict ?write in one sentence​

Answers

Answer: competitive or opposing action of incompatibles : antagonistic state or action (as of divergent ideas, interests, or persons)

Explanation:

All of the following individuals showed that cleanliness played a role in human disease EXCEPT __________.

Answers

Answer:

All except Jenner.

Identify the part of speech for the underlined word. He stands alone because he is so conceited.

Answers

Answer: Conceited is a adjective

Explanation:

The part of the speech that the word Conceited belongs to is adjective.

What is the Part of speech?

Part of speech refers to the sentences in which each and every word belongs to some or the other category of the Grammar. There are total eight parts of the speech which are as follows:-

NounPronounAdverbAdjectiveInterjectionVerbPrepositionConjunction

It tells about the function of the word. Among all the part, adjective is the part of the speech that describes the noun. It includes those words which states about the complete sense of the noun.

In the above sentence, the term conceited refers to those people who are very proud about himself that he ignores the reality. The word conceited is the adjective which states about the characteristic of a person that is noun.

Therefore, it can be concluded that The word Conceited belongs to the adjective part of the speech.

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#SPJ2

Changes in the composition of the U.S. population illustrate the _____ imperative for studying intercultural communication.

Answers

Answer:

Demographic imperative

The finding that more observable traits yield better interjudge agreement suggests that peer judgment is based more on ________ than on ________.

Answers

Answer:

direct behavioral observation; a manufactured reputation

Explanation:

People judge one's personality and that becomes their reputation. However people/ peer judgement could be based on observable traits and not manufactured reputation since this increases accuracy of personality judgement. This means that people observe ones behaviour to judge his personality. Also the behaviors observed must be relevant to the traits to accurately judge a person's personality

Why was the slik road closed during the tang and song dynasty?

Answers

Answer:

B

Explanation:

There were no merchants on the road, and the towns along the route lost their usual bustle, which undoubtedly led to the decline of the silk road. By the time of the Song dynasty, another ethnic minority broke the silence of the silk road once again.




What were the first three ancient
Chinese Dynasties

Answers

Answer:

The three chinese dynasties are shang zhou and han

Explanation:

GIVING 30 POINTS! PLEASE HELP! 1. Take careful consideration of the side you stand on in the great gun control debate. Do you agree with the 2nd Amendment to the Constitution? Develop a two paragraph essay defining your thoughts on this issue. Use examples from the articles to support your position. 2. If you were in a position of political power, what laws would you endorse in regards to gun control? Explain what laws you are in favor of and how you would implement them.

Answers

Answer:

this is just on your opinion

and what you would do if you had control

Explanation:

Answer:

do you want to cheat for something is very important

The term for the application of the basic laws of nature to produce practical devices for mankind is

Answers

Answer:

Engineering

Explanation:

The term for the application of the basic laws of nature to produce practical devices for mankind is "Engineering".

Simply, engineering can be referred to as the scientific field which deals with the use of knowledge gathered from science to invent devices. This scientific understanding of the natural environment helps the engineer to invent, design, fabricate and manufacture devices that are useful to mankind.

Therefore, "engineering" is the correct answer.

What are the east-west lines on a globe called?

O A) longitude
OB) degree
OC) prime meridian
OD) parallels​

Answers

Answer:

i more then sure it is a let me know if im wrong

Explanation:

Answer:

longitude

Explanation:

bsjdidbkdheoejeoeneie

Please help me with these questions

Answers

1. Them being for the sake of their economy and religion, they wanted to improve their economy by acquiring more spices and gold.

2. More than half of the pilgrims felt ill and died that first winter.

To whom might the Declaration of Independence have been written?

Answers

Answer:

King George and the parliament of England.

What major mountain range is in NC?

Answers

Answer:

Below, You'll find the answer.... :D

Explanation:

The Blue Ridge and the Smoky Mountains are the major ranges of the southern Appalachians in western North Carolina.

HOPE THIS HELPED!

An informal learning of a case in juvenile court is called

Answers

Answer:

informal probation

Explanation:

it allows an juvenile and his or her parents to avoid even the filing of criminal charges against the juvenile

What is the purpose of a Form 1040?

Answers

Answer:

The Form 1040 is what individual taxpayers use to file their taxes with the IRS. The form determines if additional taxes are due or if the filer will receive a tax refund.

Explanation:

what economic, social, and political factors motivated Europeans to explore oceans

Answers

there are three main reasons for european exploration. them being for the sake of their economy, religion and glory. they wanted to improve their economy for instance by acquiring more spices, gold, and better and faster trading routes. also, they really believed in the need to spread their religion, christianity.

One of the basic assumptions of the _____ is that all beliefs, no matter how probable they seem and no matter how many people share them, may be wrong.

Answers

Answer:

scientific method

Explanation:

Scientific method is an empirical method of research that employs thorough experimentation in arriving at conclusion. Scientific methods apply skepticism to avoid any wring cognitive assumptions, therefore defines purpose, forms and tests hypothesis and collects data usually through careful observation, analyzes data and makes conclusion based on findings

“all men are created equal," suggesting that this was “self-
evident." Speculate as to what he meant by that statement.

Answers

Answer:

Explanation:

He meant that all men are the same created by god. It's pretty clear that god created all men to be created equal, so it's like common sense. Thomas Jefferson wrote this "self-evident" in hopes of abolishing slavery.

What is the traditional dress of Bhojpuri, please help​

Answers

Answer:

The traditional dress of bhojpuri is lehenga, ghagra and choli for female and for men is salwar kameez.

..... is the best example of a dictor

Answers

Answer:

kim Jong dumb

Explanation:

hehe yep this is true

Answer:Adolf Hitler

Explanation: Wait do you mean dictator, or like a doctor or something?

Our heritages are on the verge of ruin. List the ways to protect them.

Answers

Answer:

Prevent ourselves and others from scribbling on the walls.

Participating in the regular Cleanliness Drives.

Being a part of the 'Adopt a Heritage' initiative.

Spreading awareness around about these monuments and their importance.

Explanation:

i hope this is the answer you are searching

The ways we can protect them are by education, valuing them and consistent practise.

Heritage could be defined as values, culture or traditions that make up a society or place. Despite development and technology is good it has been observed that it has or is replacing a lot of values that are found in most society heritage.

The following are ways they can be protected;

-> Education: a lot of enlightenment has to be done to the society on how the heritage are. campaigns; billboards, radio, and television are ways this can be carried out.

-> Valuing them: Despite education is done, the heritage needs to be valued to be kept, if they are not valued they won't be considered.

-> Practice: Practicing is the summary of it all, having education and value won't be enough, practice would sustain this heritage.

Technology and heritages can coexist but they need to be some education, valuing and consistent practice else the heritages of most society would be on the verge of ruin.

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What is true about map projections? (4 points)
a
They show flat surfaces in a curved manner.
b
They all distort some part of the earth's surface.
c
They show the true scale of all of earth's features.
d
They were developed by early historians.

Answers

Answer: they all distort some part of the Earth's Surface

Answer:

B) They all distort some part of the earth's surface!

Explanation:

Hope this helps :)

I NEED ANSWER ASAP
What is a reason time lines are organized chronologically?

to make the events easier to read
to identify the importance of the events
to help determine the causes and effects of events
to provide an in-depth understanding of events

Answers

Answer:

The correct answer is A) to make the events easier to read. A reason timelines are organized chronologically is "to make the events easier to read." Another important reason why they are organized chronologically is to have the correct sequence of events and understand how the previous event affected the following event or many others. This way, historians, students, or people can get a better idea of how events were developed, the time frame, and the impact events had on other events that followed in line. Timelines are good resources when studying events such as World Wars, battles, or news because they help us with the chronology of how events were developed form the beginning to the end.

Explanation:

Imagine that at work, you hear someone make an insensitive comment about another co-worker's religious beliefs. How should you react? 2-4 Sentences

Answers

Answer:

Explanation:

First of all i will tell the person to come to me after work  so that i will not embarrass him in front of our co-workers.then after work when he comes to me i will talk to him about how its unfair to make such a comment for someone   religious belief cause just because the persons belief is different from yours that doesn't you should do something like that. he entitled to his own and your entitled to yours .so as conclusion after that i will tell him to not do it  again. and apologize to whoever he made a rude comment about his religious beliefs .

hope this helps.  

The best way to resolve the question, "Imagine that at work, you hear someone make an insensitive comment about another co-worker's religious beliefs" is to:

Call aside the person that made the commentAsk the person if he is aware of what he saidImmediately tell him to apologiseGive strict warnings for such not to repeat again

According to the given question, it is clear that there is a conflict that if it's not well managed, it would get out of control.

A religious slur is a very serious issue which could cause problems at work and even beyond. In the United States, there is a freedom of religion which is protected by the Constitution, so it would be a legal problem if the problem is not contained.

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The difference between using critical thinking explanations and everyday explanations for psychological phenomena is that

Answers

Answer:

The definition of that same given subject is listed throughout the section below about the justifications.

Explanation:

Critical thinking is based on belief as well as natural sciences backing to make assumptions. It relates to the capability to qualitatively analyze information, and make a straightforward answer. It includes determining components, including certain data, observable manifestations, and research results from the proposed study.
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