Answer:c. continue to operate her business, but in the long run she will probably face competition from newly entering firms
Explanation:
Monthly revenue = $4500
Monthly Variable costs = $1000
Monthly Revenue is higher than Monthly Variable Costs, Susan's catering business will earn an economic in the short run. SHE should continue to operating.
Susan will face competition in the long run because other firms will want to enter the market because of economics profits in the catering industry.
Answer:
C. increase equilibrium price and quantity
Explanation:
The demand for substitute goods is inversely related. An increase in the price of a substitute good will cause its demand to reduce. The demand for the other product will increase as customers will prefer the cheaper product.
In the graphs showing both the supply and demand curve, the equilibrium point is the prevailing market rate. As per the law of supply and demand, an increase in demand results in increased prices. High demand means many buyers are chasing few goods. Suppliers will have to supply more but a higher price to meet the new demand. An increase in demand causes the equilibrium price to shift upward to reflect the new high price.
an increase in service jobs accompanied by a decrease in manufacturing jobs
Answer:
evaluate performance and take necessary corrective action plan for plant asset purchases and disposals
Explanation:
A budget is an estimate of the revenue and expenditure of a company over a specified period.
Answer: B. Lower Taxes and increase in spending
Explanation:
Recession is a period of less productive activity , demand deficiency , deflationary gap .
Fiscal Solution is that approach to solve such issues - which uses government budgetary elements (tax , govt spending /subsidy) to adjust excess / deficient demand
To correct the demand lack while recession , government should - Reduce Taxes , Increase govt spending / subsidy . So that ,people's disposable income & hence their demand increases .
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