Answer:
Explanation:
He should work with the 50,000 hours estimate instead of the 40,000 in order to avoid shortage of funds during the business year
Answer:
C) producers to supply more and consumers to buy less.
Explanation:
The typical supply curve is upward-sloping (higher price leads to higer quantity supplied) and the typical demand curve is downward sloping (higher price lower quantity demanded).
Price is a measure of how much one good can be exchanged for other things. Production incurred cost (tend to rise as more resources become harder to obtain) so to supply more suppliers will demand higher price. Purchasing higher price good means consumers have less money (less of other goods can be bought) consumer will buy less good at higher price.
D) magazines can only be deducted if purchased for a business.
