According to the law of supply, if the price decreases, the quantity supplied will be decreased
The law of supply is a microeconomic principle that asserts, with all other things being equal, that if the cost of an item or service rises, suppliers will offer more of those goods or services, and vice versa.
According to the rule of supply, suppliers will try to maximise their earnings when the price of an item rises by offering more products for sale.
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The answer is a.
It is true that if marginal benefit is less than marginal cost, the output is inefficiently high. <span>Marginal benefit is defined by what a person is ready to give up just having one more unit of a product or goods. On the other hand, marginal cost is defined as the value of what is given up in order to obtain that unit additionally.</span>
Answer:
The answer is B.
Explanation:
Because it is 9 months, the interest to be used cannot be 10% instead, it will be 9months/12months x 10%
0.75 x 10%
=7.5%
Interested on the borrowed money is 7.5% x $9,000
$675
On April 1, 2019, Herzog will the money lent plus interest.
So we have $9,000 + $675
=$9,675 and because Herzog is receiving, we debit cash account.
Interest revenue will be
$675/3months
=$225.
This will be credit
Interest receivables will be $675 - $225 = $450
This will also be in credit side
Answer:
The Exhaustible resources are scarce.
Explanation:
The Exhaustible resources are scarce. Exhaustible resources are the natural resources which are limited and takes years to form. They can be easily exhausted or depleted by the human activity. Exhaustible resources are- oil, gas, coal, etc.
Inexhaustible resources are the resources which can not be depleted by the human activity for example water energy, solar energy, wind energy, etc. Therefore Exhaustible resources are scarce as they cannot be formed quickly after use.