Answer:
C. They set a price where the demand matches the quantity they are
willing to supply
Explanation:
The equilibrium price is the current market price as determined by supply and demand forces. It is the price at which buyers are happy to buy the entire supplied quantities. Suppliers are also happy to sell that quantity at the set price. The equilibrium price is, therefore, the intersection of the demand and supply curves.
At the equilibrium price, there is no excess or short supply of a product in the market.
Answer:
Replication
I just take the test, it's right answer.
Answer:
hope the images above answer your question.
Explanation:
Hope this helps!
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Answer:
1. The federal government s new defense equipment is Discretionary spending
2. What Nick receives from government is because of Mandatory spending
3. Gloria's income from government is Mandatory spending
4. Government plan to build more highways is discretionary spending
5. Inpatient services Jill receives is Mandatory spending
Explanation:
Mandatory spending:
This is spending that has been made Mandatory by the law. It is certain amount of money that has been budgeted for and set aside by the government for certain programs or initiatives. It is also called entitlement spendings.
Discretionary spending:
This is a kind of spending in which the funding level is set aside each fiscal year by the Congress. It is government spending and it is implemented through the appropriation bill.
Answer:
A. reduce output and increase price.
Explanation:
In the case of monopolistic firm at the time of profit maximization, the marginal revenue should be equivalent to the marginal cost i.e.
Marginal revenue = Marginal cost
When the marginal cost rises, the cost of generating an additional unit is also rise to equate MR and MC and at the same time the output would be decreased and the price is increased also the price is more than its marginal cos
Therefore the option A is correct
