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Plot prices on y axis and quantity on x axis an determine what is the slope (positive or negative)
price. 1. 2. 3. 4. 5
quantity. 12. 28. 42 52. 60
If milk is a normal good then a decrease in consumers income will definitely cause
If the equation for the demand curve is Q=45-2p and the equation for the supply curve is Q=-21+4p then the equilibrium values for price and quantity are?
Which of the following entities stores information that is an organization's intellectual property?
A. Neither Bill of Materials nor Job Operations List
B. Job Operations List
C. Bill of Materials
D. Both Bill of Materials and Job Operations List
Which of the following statements are true?
A. If a company sells digital assets, its revenue cycle still contains an inventory entity.
B. Intangible services (e.g., internet access fees) would be represented as a source entity. C. Information about assets that are rented would be stored in a resource entity.
D. All of these are correct.
If an insurance company needed to collect and maintain detailed information about each of a customer’s dependents, it could do so by
A. establishing a 1:1 relationship between the Dependents and the Customer entity.
B. establishing a 1:0 relationship between the Dependents and the Customer entity.
C. establishing a 1:N relationship between the Dependents and the Customer entity.
D. establishing a M:N relationship between the Dependents and the Customer entity.
Consider the market for Relaxo floaters where the demand curve is given by Q ^ d = 200 - 2P and Q^ prime =250+30P^ prime -10 P^ m . where Q ^ d is the quantity demanded, Q ^ 1 is quantity supplied. P ist the price of Relaxo floaters.
i. What is the maximum price at which the consumers are willing to purchase the floaters?
Calculate the price elasticity of demand and supply at equilibrium.
11. If now a unit tax is imposed on floaters, which side (demand or supply) will bear a higher
burden of the tax? Why?
Show that the demand side is more elastic than supply as long the price is above 50.
For a downward sloping demand curve, the magnitude of substitution effect is always larger than a that of income effect
For a downward sloping demand curve, the magnitude of substitution effect is always larger than a that of income effect
Where would an REA diagram for the HR/payroll cycle store information about total hours an employee worked in order to calculate payroll?
A. None of these are correct
B. In the employee time table
C. In the time worked table
Where would an REA diagram for the HR/payroll cycle store information that can be used to bill a client for the time employees spent working on a task for that particular client?
A. None of these are correct
B. In the time used table
C. In the employee time table
D. In the time worked table
Which table would a manager query in order to assess how much time an employee spent performing various functions?
A. Evaluate performance
B. None of these are correct
C. Time worked
D. Time used
In an REA diagram of the HR/Payroll cycle, which of the following is a resource entity?
A. Skills
B. Applicants
C. None of these are correct
D. Training
Which of the following events typically violates the general rule that in an REA diagram every event must be linked to at least two agent entities, instead showing that the event is linked to only one agent? (Check all that apply.)
A. Perform machine operations
B. Perform job operations
C. Work in process
D. Issue raw materials
