Answer:
The right answer is "Infant industry".
Explanation:
- An economic phrase that is used to characterize the organization through its early phases of developmental stage, is determined as the Infant industry argument.
- This means that a freshly created industry seems to be a newborn industrial sector, requires authorities to either support and/or safeguard certain businesses through regulations.
Answer: Analogy
Explanation:
The method of forecasting that this example illustrate is analogy. Forecast by analogy refers to the forecasting method which simply assumes that two different kinds of situations have identical models and therefore share the same model of behaviour.
This can be infered from the situations that once the per capita GDP is known for the country, the per capita demand for the toys can be estimated.
Marginal cost of capital (MCC) schedule is a graph that relates the firm's weighted average cost of each unit of capital to the total amount of new capital raised.
Answer:
c. demand is elastic and supply is inelastic.
Explanation:
Elasticity is a measure of how buyers and sellers react to a change in prices, and allow us to analyze supply and demand more accurately.
The price elasticity of demand measures how much the quantity demanded changes due to a change in prices. If the demand curve is elastic, total revenue falls as the price increases. If the demand curve is inelastic, total revenue increases as the price increases.
With an elastic demand curve, an increase in prices leads to a decrease in the quantity demanded, in a greater proportion than the increase in prices, in this way total revenue decreases. and the supply decreases greatly.