When a movie theater increases its price from $6 to $7, its quantity demanded decreases from 600 to 400 seats. Its price elasticity of demand (expressed as a positive number) equals _____
a. 0.2
b. 0.9
c. 1.8
d. 2.6
d
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International accounting standards use the term provision for those contingent items that must be recorded on the balance sheet
a. True b. False Indicate whether the statement is true or false
During the mid-1980s, help desks took on new activities such as ____.
A. developing new software for in house users B. fixing software errors reported to the help desk C. maintaining system and network status and availability information D. defining security access requirements for software programs
Which of the following statements is true with regard to the capital and revenue expenditure?
a. Revenue expenditures are expensed in the following period in which they are incurred. b. Revenue expenditure maintains the productivity of the asset. c. Capital expenditures are subtracted from the historical cost of the asset. d. Capital expenditure decreases the productivity of the asset.
Professor Wright photocopies 50 copies of a copyrighted chart to distribute to his students in class. This is a clear violation of the Copyright Act
Indicate whether the statement is true or false