Capitalism, most businesses have a profit motive. Describe at least one reason that businesses with a profit motive may be helpful for society and at least one reason that they may be harmful for society
Answer:
b. In the short-run profits will be lower than normal.
Explanation:
a. An increase in demand means that customer desire for that good has increase. Thus, it is fair to infer that consumers have shown that they now consider the good to be more valuable.
b. It is actually quite the opposite, in the short-run, companies will be able to raise their prices and profits will be higher than normal.
c. The opportunity related to the increase in demand could be enough to attract resources from other industries into the market.
d. Since this is a perfectly competitive market, it tends to reach equilibrium and the market supply curve will shift right.
The false statement is alternative b.
Answer:
$27,000
Explanation:
Assuming the minimum cost per day is the same as the penalty for each day the project lasts longer than 27days which is $1,000
Mininum completion cost = 27 × $1,000 = $27,000
Answer:
rise and aggregate demand would shirt right
Explanation:
5 advantages of collecting rainwater:
X) Reduces flooding and erosion.
X) Reduces water bills.
X) Reduces demand on ground water.
X) Can be used for non-drinking purposes.
X) Can be used for plant growth.
Hope it helps you
