Answer:
I don't know I'm terrible at AP history
<span>According to the law of demand when price of a good or service goes up the quantity demand will go down. Every increase in price will result in lower demand for the product.</span>
Explanation:
In this Federalist Paper, Hamilton argues for a strong leader, as shown for by the Constitution. He asserts, “energy in the executive is the leading character in the definition of good government. It is very important to the protection of the community against foreign attacks…to the steady administration of the laws, to the protection of property…to justice
Accountants only concern themselves with direct costs which involve things like the cost of materials, rent, and labor for instance. This profit is aptly named "accounting profit".
Economists consider those costs as well, but they also include indirect costs such as opportunity costs of other investments. Recall that opportunity cost is the cost of what you give up if you make a certain decision.
For instance, if a car factory makes 4 door sedans, but it could be making more money with SUVs, then the opportunity cost is high and the economic profit is lower compared to the accounting profit.
