The correct answer is 25 apartments.
By looking at the graph, you can see that this is the case because this is the point where monthly rent, apartments, and supply intersect. This intersection represents the optimal number of properties for a property owner to rent out to other people.
Explanation:
Due to the law, the maximum rent that has to be paid has decreases tp $750/ month. On the other hand, before the law, the landlord enjoy maximum profit by giving the same bedroom at $1750/month. This law definitely makes the landlord reducing the quality of the bedroom apartments and also not regular and good services which must be offered for a guest.
This case is an example of inefficiently low quality in which the sellers offer some low-quality services at the low price even by knowing the fact that the buyers prefer higher quality at the higher price.
I believe the answer is: Regression
Regression refers to the process of slipping to our earlier stage of development when facing difficult situation rather than making an adaptation to face it.
This coping mechanism would make the person who do it act in non-suitable manner considering their age. Other example would be college students who throw temper tantrum like children when facing things that they considered as offensive.
Answer:
Face is the correct answer.
Explanation:
Yes, this makes Mexican workers more cost-effective than U.S. workers, keeping other things constant.
<u>Explanation:</u>
Minimum wage is the amount of money that an employee will get from his employer for working for an hour. This adds up to the total cost of the goods produced by the workers.
If the minimum wage of the workers in Mexico is less than the minimum wage received by the workers in the United States, it means that they are more cost effective and will lead to the production of the goods at a cheaper rate, keeping other things constant in the production process.