Answer And Explanation:
a) Quantity of chocolate demanded by consumers will decrease
This is because there is a minimum price which makes product more expensive. The higher the price, the less the quantity demanded
b) Quantity of chocolate supplied by producers will increase
This is because price has increased with the government's price floor. The higher the price, the higher the quantity supplied.
c) Quantity of chocolate purchased by the government will increase
This is because there is surplus supply and therefore government would need to buy more to support the price floor and buy leftover chocolates in the market
he exchange of money and the receipt of the item is mutual consideration for the transaction. In every single agreement, there must be consideration in order for the agreement to be legally binding; it is a critical part of contract formation. ... In other words, each person in a contract must promise to do something.
Answer:
The second year’s depreciation for this equipment using the straight line method is 8,500
Explanation:
Depreciation: Depreciation is a decreasing value of the assets due to the tear & wear, obsolescence, usage,etc.
The formula to compute the depreciation under straight lie method is shown below:
= 
= 
= $8,500
The depreciation amount under straight line method should remain same over the estimated useful life
So, the second year’s depreciation for this equipment is $8,500
Answer:
The company should print the 3,000 units of Tennessee as they will yield a gain for 3,000 dollars.
Because it faces economies of scale it should sale for as much as it can from a given pattern
Explanation:
Profit: revenue - variable cost - fixed cost
Profit = 15*Q - 8*Q - 18,000
Profit = 7Q- 18,000
3,000 Tennessee shirts x $7 contribution per shirt - 18,000 setup cost
profit: 21,000 - 18,000 = 3,000
Profit maximization: Marginal revenue = marginal cost
Total Revenue: 15 x Q
dTR' /dQ = 15
dTR''/dQ = 0
cost function: 18,000 + 7Q
dC'/dQ = 7
dC''/dQ = 0
Sport Tee faces a economie of scale their cost do not increase over time. Sport Tee should sale as many shirt as it possible can
Answer:
a. True
Explanation:
This system of performance review is a 360-degree review or feedback process where a given employee receives inputs on her performance (or other criteria such as behaviors, competencies and results achieved) from different employees with varying working relationships and at different levels. The idea is to ensure that the employee's performance is not partial or biased. Using this system, the employee who may be a manager will have her performance reviewed by employees below, above, and on the same level with her.
