If the formula for elasticity results in a measure of elasticity (E) greater than 1, demand is said to be inelastic.
Answer the following statement true (T) or false (F)
False
If E is greater than 1, demand is elastic.
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An electrical power system consists of four major components with reliabilities of 0.99, 0.94, 0.92, and 0.95. In order to improve the reliability, a backup component of reliability 0.92 is added to Component 3. Compute and indicate the composite reliability of Component 3.
A. 0.89 B. 0.99 C. 0.98 D. 0.92
The total variance can provide useful information about the source of cost differences
Indicate whether the statement is true or false
Blakely charges manufacturing overhead to products by using a predetermined application rate, computed on the basis of machine hours. The following data pertain to the current year:Budgeted manufacturing overhead: $480,000Actual manufacturing overhead: $440,000Budgeted machine hours: 20,000Actual machine hours: 16,000Overhead applied to production totaled:
A. $550,000. B. $600,000. C. $352,000. D. $384,000. E. some other amount.
Explain the cross-collateralization feature and its significance in a single-borrower / multiproperty CMBS transaction
What will be an ideal response?