Shortages are usually the product of price controls.
<h3>What is a shortage?</h3>
A shortage is when the quantity demanded exceeds the quantity supplied. This is because price is below equilibrium price. When there is a shortage, prices would rise until equilibrium price is reached.
Price control is when the government sets the maximum price of a good. It is usually set below equilibrium price. This leads to shortages.
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<span>AFP and AMA
AFP american family physician
AMA american medical association</span>
A natural monopoly is a monopoly in an industry in which high infrastructural costs and other barriers to entry relative to the size of the market give the largest supplier in an industry, often the first supplier in a market, an overwhelming advantage over potential competitors.
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Answer:
62,400 units
Explanation:
The computation of the equivalent units for conversion cost is shown below:
= Started and completed units × completion percentage + closing inventory units × completion percentage
where,
Started and completed units is
= 65,000 units - 6,500 units
= 58,500 units
So the equivalent units is
= 58,500 units × 100 + 6,500 units × 60%
= 58,500 units + 3,900 units
= 62,400 units
The 3/5 finished means 60% is finished
If a recession in the United States were to start, all economic activity would start to slow down. This would show the PMI (purchasing managers' index) indicator slopping downward because items aren't being purchased at a fast paced rate. Housing starts are new construction builds that start each month, again, in a recession economic growth would slow so construction work would as well. A confirm payroll is statistically showing those who work in the economy except for: government, private business owners in home, nonprofit or farm workers.