Which of the following is most likely to be true? a) income elasticity of demand for fur coats exceeds that of oatmeal b) income elasticity of demand for oatmeal exceed that of fur coats c) income elasticity of demand for fur coats equals that of oatmeal d) it is not possible to make any prediction about relative income elasticities

11.     before adding cream to a simmering soup, you need to a. simmer the cream. b. chill the cream. c. strain the cream through cheesecloth. d. allow the cream reach room temperature. student d   incorrect which answer is right?

Describe what fixed costs and marginal costs mean to a company.

Schuepfer inc. bases its selling and administrative expense budget on budgeted unit sales. the sales budget shows 1,800 units are planned to be sold in march. the variable selling and administrative expense is $4.30 per unit. the budgeted fixed selling and administrative expense is $35,620 per month, which includes depreciation of $2,700 per month. the remainder of the fixed selling and administrative expense represents current cash flows. the cash disbursements for selling and administrative expenses on the march selling and administrative expense budget should be: