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elastic demand
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What is intermediate consumption?
Intermediate consumption is an accounting concept which measures the value of the goods and services consumed as inputs by a process of production. It excludes fixed assets whose consumption is recorded as consumption of fixed capital.
Short run and long eprice elasticity of demand?
Short Run: A time period in which the amounts of some inputs are fixed. Long Run: During which there is sufficiently long to allow full flexibility in all inputs used.
Why are the things cheap in weekly market?
things are cheap in a weekly market because they are wholesale products they don't have a fixed value or a price tag so the product can be bargained easily
What are is the Solution to excess capacity in a market?
The "solution" is that the manufacturers need to do some combination of the following: Find new markets (or start making new products) Reduce production Reduce manufacturing costs (fixed costs, variable costs, inventory, everything) Increase the perceived value of their products to acheive higher prices or market share) Reduce the price of their products to increase their market share
How the rate of currency is fixed?
The rate of currency is usually fixed based on the stock exchange.
Could the hole in the ozone layer be fixed by producing large amounts of ozone progressively?
No, it cannot be fixed. The amount of ozone is too large to be fixed.
The cost of fixed assets recognized as being consumed during a fiscal period is recorded as?
depreciation expense
Can a roof be fixed by a general contractor?
If he can't he shouldn't be a general contractor
How does thunder storms help the world?
They create small amounts of fixed nitrogen.
The chemical combination of two or more atoms in fixed amounts is called?
... a molecule.
Are General Expenses a fixed Cost?
Some general expenses are fixed, meaning that they are the same amount every month, but many are not. When the expense depends on usage, such as electricity, it will not be fixed, but will vary from month to month. An example of a fixed general expense would be a monthly retainer or fee paid to an accountant or lawyer. If the expense is the same amount every month, it is called a fixed cost.
