Its an expense account that follows credit, not debit
Answer: False
Explanation:
An isoquant is a simply a curve or a graphical representation of the inputs that are required to yield identical output levels. An isoquant simply means quantity of output that is constant.
L-shaped isoquants describing production systems in which inputs are perfect substitutes is false. It is used to describe scenarios whereby the inputs in question are complements.
Answer:
B. The price for used Brazilian rosewood guitars will increase because there will be a smaller supply of those Guitars on the used market
Explanation:
A ban on the use of rosewood will lead to a reduction of supply the acoustic guitars. The Brazilian rosewood makes the guitars famous, increasing their demand. A reduction in the supply of the guitars in the market increases their price.
The price of a commodity such as these guitars is determined by the supply and demand forces. The equilibrium point where the demand matches supply becomes the market price. Should there be a decrease in supply and demand remain constant, many buyers will compete for the few available guitars. A few sellers against many buyers will result in sellers increases prices and buyers raising their bids to buy the guitars.
5 0.2 is the greatest from the calculated value of 7.d I hope this helps