Answer:
The correct answer is option C.
Explanation:
Two cities are planning to demolish their old stadiums and build new ones.
Keeping everything else equal, the old stadium cost $5 million to build in one city and $50 million to build in the other.
These construction costs are sunk costs that have been incurred and cannot be recovered. Since these costs cannot be any longer recovered they should not be considered in deciding future investments.
Answer: Non discretionary fiscal policy
Explanation: As the name says these are the policies which are not made on the discretion of the federal Government. The impact of these policies is implemented on the economy automatically, that's why, these are sometimes also referred to as automatic stabilizers.
Progressive taxation during boom times is an example of non discretionary fiscal policy.
Thus, right option is D.
Answer: marginal Product on Capital
Explanation: A. The company should reduce the amount of capital that its spends on its rentals.
B.The value of the output produced by an additional unit of labor will be less than the cost of employing the additional unit and total profits will fall.
Answer:
A, Has not audited or reviewed the accompanying financial statements.
Explanation:
It is important that an accountant states that the financial statements of a compilation hasn't been reviewed so as to avoid a situation wherein the financial statement is not in accordance with accounting principles of the country, e.g United states.
An accountant is meant to just prepare financial statements for an organization without going against the accounting principles while management is responsible for presentaion of the financial statements.
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Answer:
The number of firms selling laptop computers decreases
Explanation:
Price ceiling is the legal maximum price for a good or service. It is a government imposed price control mechanism put in place to limit how high the price for a product, services or commodities can be.
Government out this in place so as to protect the consumers by ensuring commodities prices don not become expensively high or conditions that might warrant commodities to be expensive.
In the instance above, since the government have placed a price ceiling on sales of laptop computers, the factor/event that would make the market change from price ceiling that is not binding to one that is binding is if the number of firms selling laptop decreases, this would result that the price ceiling not initially having effect on the market price to do have effects on the market prices as the required price set for the sales of laptop will be at price below equilibrium and bind on the remaining number of sellers of laptops in the market. It will mean that the remaining firms selling laptop will not be able to satisfy the market and demand for laptop because the price has been artificially set low by the government.