c. when the price of a good decreases, sellers produce less of the good.
According to the law of supply, an increase in price results in an increase in quantity supplied. This means that there is a direct relationship between price and quantity: Thus, when price of a good falls, sellers produce less
Answer:
marginal cost is 15 cents
Explanation:
given data
car rent = $29.95
distance d1 = 150 miles
cost = 15 cents per miles
distance d2 = 200 miles
to find out
marginal cost
solution
first we find here cost for driving d2
cost for 150 to 200 miles = 15 × 50
cost for 150 to 200 miles = 750 cents = $7.5
so
cost for driving d2 = $7.5 + $29.95
cost for driving d2 = $37.45
so
marginal cost will be
marginal cost = change in cost / chance in distance
marginal cost = 37.45 - 39.95 / ( 200-150)
marginal cost = 7.5 / 50 = 0.15
marginal cost is 15 cents
If a company complies with government regulations, it incurs implementation costs. When a company decides to agree and follow new regulations, it will have to implement them into their organization. By implementing them, they are making changes within their organizations processes and therefor having costs associated with the changes.
The broker should refuse to release the earnest money even after the seller requested the earnest money prior to the property inspection.
<h3>What is earnest money?</h3>
Earnest money refers to the deposit paid by a buyer to a seller, reflecting the good faith of a buyer in purchasing a home.
It is the money paid to a merchant or seller to complete a contract or money paid to a merchant / seller to show good faith in the transaction.
Hence, the broker should refuse to release the earnest money even after the seller requested the earnest money prior to the property inspection.
Learn more about earnest money here : brainly.com/question/14342438
Answer:
a. knowledge and skills that workers acquire through education, training, and experience.
Explanation:
Human Capital is associated with all that improves the qualification of the workers. And is important because allows the increase of productivity and thus profitability of an organization or economy.
