When <u>cost of production increase </u> business firms will supply lower quantity of output
<h3>Effect of production cost on prices </h3>
When the cost of production increases, producers will tend to produce a lesser quantity of goods and services and this is cause an increase in demand over supply in the open market.,
An increase in demand without a corresponding increase in supply will cause the supply curve to shift to the left.
Hence we can conclude that When <u>cost of production increase </u> business firms will supply lower quantity of output
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Answer:
$60,224
Explanation:
Calculation to determine what The adjusted cash balance should be:
Cash account debit balance+Check printing fee, not yet recorded
Let Plug in the formula
Adjusted cash balance=$60,209+$15
Adjusted cash balance=$60,224
Therefore The adjusted cash balance should be:$60,224
Callable Certificate of Deposit is a type of savings account that a financial institution can terminate.
Answer:
the profit margin will decrease and supplies won't get their promotin
