Answer:
D) firms whose average private cost is less than price will stay in (or enter) the dry cleaning
industry even though their average social cost exceeds price.
Explanation:
When there is pollution as a result of the daily business, then it involves a huge social cost, as you cause harm to public.
But company's do not consider it in making the decision for business, as it generally do not impact the business in financial matters.
As even if the average cost is less then revenue the profit will be there to run the business.
But till the moment the financial impact is not strong of the social cost the pollution will not affect.
Answer:
True
Explanation:
Professional skepticism is an examining mindset which makes you conscious of the situations that may suggest possible error or scam as well as a critical evaluation of audit facts.
One single payment of money, opposed to a an annuity. (a series of payments made over time)
Answer:
There is a shortage of the product.
Explanation:
The market demand curve is downward sloping indicating a negative relationship with price. While the market supply curve is upward sloping indicating a positive relationship with price.
At the market equilibrium, both demand and supply are equal. At a price below the equilibrium level, the market demand is greater than supply. This causes a shortage in the economy.
<span>Now we have decided to change our market strategy to one which has taken the form of team management. We have best decided to change from one overall manager to smaller, self managed teams which we believe will be better for the company and the productivity of the team and show overall improvement. We hope that we will have your continued support on this matter.</span>
