If the supply of a good is inelastic,
choose 2 answers
a)
a small increase in price will lead producers to sharply increase their supply
b)
producers will increase their quantity supplied in response to sharp drops in the
market price
c)
producers have a diminishing marginal return of labor
d)
producers will not change their quantity supplied by much if the market price increases

bradford, inc., expects to sell 9,000 ceramic vases for $21 each. direct materials costs are $3, direct manufacturing labor is $12, and manufacturing overhead is $3 per vase. the following inventory levels apply to 2019: beginning inventory ending inventory direct materials 3,000 units 3,000 units work-in-process inventory 0 units 0 units finished goods inventory 300 units 500 units what are the 2019 budgeted production costs for direct materials, direct manufacturing labor, and manufacturing overhead, respectively?