Answer:
The flood shifts the supply to the left.
The increase in healthcare costs shifts the supply curve to the left.
Explanation:
An increase in the cost of production inputs (increase in health costs) or a decrease in the availability of resources (the flood reduced the firm's production capability), will shift the supply curve to the left.
A leftward shift of the supply curve will lower the quantity supplied and will increase the price of the good at every level of demand.
Answer:
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Financial venture. even his wife was supportive. albert liked a number of riskier company
Answer: Sunk Cost
Explanation:
A sunk cost is an expense which a company or entity has already incurred and which cannot be recovered and so should not be considered when making decisions regarding incremental benefits or costs to an investment.
The $48 had already been incurred to produce the defective units and cannot be recovered so it is a sunk cost that should not be considered moving forward.
