Answer:
The correct answer is b. increases.
Explanation:
In a market that works as perfect competition (according to Microeconomics), an increase in demand (and the consequent decrease in inventories of producers) leads producers to increase their sales prices of their products, in order to also increase its level of production, until it equals demand (since at higher prices demand decreases) and this causes the market to balance, this is called economic equilibrium. In a competitive economy, producers can only increase their level of production if the sales prices of their products rise, the reason is that production costs increase with volume.
Excess demand occurs when there are imperfections in the market (such as when the Government sets maximum sales prices, at a price below the market equilibrium price) and for this reason the market does not reach equilibrium, where the quantity demanded and offered of the product are equal. When a market is in excess demand, the quantity demanded by consumers is greater than the quantity supplied by sellers, this causes the inventories of the producers to fall and they cannot increase their production.
Answer:
B) the existence of only two candidates
Explanation:
Thee median voter theorem only considers voting choices along a single dimension, e.g. yes/no, candidate A/candidate B. This theory is based on the premise that median voters are those whose voting peak is at the median and voting equilibrium can be achieved when one majority wins against another alternative.
Theoretically, all that the government must do is find a voter whose preferences for public policies are in the middle of the normal distribution of voting preferences and carry out the policies preferred by that voter.
But when the alternatives are more than yes/no, then the preferences will not be normally distributed.
Answer:
The debit of $1,100,000 is posted to factory labor
Explanation:
The debit to factory labor would comprises of the gross wages and employee payroll taxes payable as the cost of factory labor should reflect the company's total costs incurred for the relevant period.
Debit to factory labor=$1,000,000+$100,000
=$1,100,000
There are some certain deductions taken from wages and salaries before the remnant is paid to employees such as contribution to pension scheme,the fact that such deductions are not paid to employees now does not mean it should be excluded from total cost of labor as it is a part and parcel of payroll expenses.
Answer: be put in charge of a business segment that includes committed costs over which a manager has no control. take actions that increase ROI in short-run at the expense of long-term performance
. reject investment opportunities that are profitable for the company but have a negative impact on a manager's ROI.ROI doesn't include the investment in non-operating assets, such as land held for investment or stock in other companies
Explanation:
