There are blanks to fill.
John f. kennedy was endorsing "supply-side" fiscal policy when he declared that lowering the top marginal income tax rate, then at "91%" , would not only be expansionary but also lead to more government "revenue".
supply-side fiscal policy centers around motivations for individuals to work and produce.Policy recommendations are stressed as long-run answers for development issues.
Answer:
Explanation:
A. Supply stays the same, demand decreases since restaurants are normal goods. As a result, the equilibrium price and the equilibrium quantity will go down.
B. In the short run, the existing firms reduce their output causing Q* to fall. In the long run, as firms exit, Q* falls even further.
C. An individual firm may produce in the short run, but exit from the industry in the long run. As a result, the firm will decrease its quantity produced up to 0. Therefore, in the long run the output of an individual firm may change drastically comparing with the short run.
Answer:
a condition or circumstance that puts a company in a favourable or superior business position.
Answer:
c
Explanation:
they all look forward to gain profit
Answer: $14,985
Explanation:
Using the Units-of-Production method means that the asset is depreciated based on how many times it is used.
The formula is;
= ( Cost - Salvage Value)/Total Usage
= (67,600 - 1,000) / 200
= $333 per concert
Equipment depreciates by $333 per concert.
First year has 45 concerts;
= 333 * 45
= $14,985
