Answer:
Crops would enjoy a longer planting season, and commodity prices would go down
Explanation:
Answer:
Accounts Payable: Describes all money a business owes to vendors and suppliers for purchases of goods and services made on credit. Often listed in sum on the balance sheet as “current liability"
Answer:
"Groupthink
" would be the right answer.
Explanation:
- Group-thinking seems to be a tendency that happens whenever a segment of the population achieves agreements without rational thought or consideration of the implications or replacements.
- The tendency generates tension within the same group the seeks to suppress imagination but innovation to avoid confrontation.
Answer: It is reasonable to assume that a profit-maximizing firm will never operate in the inelastic portion of its demand curve.
Explanation:
It should be noted that a firm that profit maximizing will not operate in the inelastic portion of its demand curve because at that point, the firm isn't maximizing profit.
When there's an inelastic demand, an increase in price will bring about a less than proportionate reduction in the quantity of the goods that's demanded. In such case, if the firm operates at the inelastic portion of its demand curve, when it increases price, this will lead to a reduction in income and profit will not be maximize.
Answer: C.) It cost you $85 to gas up your car this month but last month it only cost you $50
Explanation:
