Would you expect demand for Acid+All to be elastic? Why or why not?
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The demand for AcidAll is inelastic because There are no ...View the full answer
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Gaurav Soni
Teaching was always an area where I can pursue my passion. I used to teach my friends and junior during my school and college life. After completing my professional qualification (chartered accountancy) and before joining my job, I also joined an organization for teaching and guidance to my juniors. I had also written some articles during my internship which later got published. apart from that, I have also given some presentations on certain amendments/complex issues in various forms.
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Actual rate= 3,092,000/180,000=17.18Formula= (Actual rate- Standard rate) X actual hour (production)== (17.18-13.11) X 180,000=732,600 U
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