Answer: C. The court concluded that Microsoft violated the Sherman Act
Explanation: The case between United States v. Microsoft Corporation which took place at the
United States Court of Appeals for the District of Columbia Circuit during the period February 26–27, 2001 and was finally decided June 28, 2001.
It was decided by the District Court that Microsoft violated the Sharma Antitrust Act of 1890.
Answer:
When the minimum wage rate is increased by the government by intervention, this means that the coffee company now has to pay more salaries to the employees/workers of the coffee shop. Since cost cutting is one of the main areas of focus of every other company, the coffee shop would try to lay off its workers and that would ultimately result in unemployment. For example, if the coffee shop was paying $50 in total to 10 workers($5 per worker), now as per the new regulation it would still pay $50 in total but to only 7 workers($7 per worker), this means that the coffees shop has unemployed 3 workers due to this. Hence the demand would still be the same for the coffee shop as caffeine is a necessity for the software engineers who work long. Other than that, the supply would also be not really affected but the equilibrium point can be affected as the coffee shop can raise the price of coffee due to the minimum wage payment to its workers.
Hope you understand the point here. Good Luck.
If a competitive market has three firms with marginal costs of mc1 = q1, mc2 = 0. 50q2, and mc3 = 2q3 and faces a market price of $10, The total quantity supplied by all three firms is =10+20+5=25
in a competitive market p= mc.
Here p is given as $10
Thus MC = 10
first firm-
MC1 =Q1
ie, 10=10
=10 quantity supplied
Firm 2
MC2 =.50Q2
10=0.50(Q2)
Q2=10/0.50=
= 20 quantity supplied
Firm 3
MC3 =2Q3
10=2(Q3)
Q3 =10/2=5
= 5 quantity supplied.
In economics, marginal cost is the change in total cost that occurs when output increases, the cost of producing additional quantity.
Learn more about marginal costs here: brainly.com/question/12231343
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Answer:
The journal entries to record the sale on June 1 are:
June 1, 2017, 100 units of washer/dryer to Laplante Rentals
Dr Cash 69,000
Cr Sales revenue 69,000
Dr Cost of goods sold 40,000
Cr Inventory 40,000
If the next question asks to record the return privilege and estimates, it should be recorded as both an asset (estimated returns inventory) and a liability (customer refunds payable).
Answer: $152,210
Explanation:
The net income is the income that remains after the expenses has been deducted from the revenue.
Clean123 Inc.'s net income will be calculated as:
Service revenue = $193,750
Less: Salaries expense = $26,900
Less: rent expense = $14,640.
Net income = $152,210
Therefore, the net income is $152210
