Answer:
A. shifted to the left
Explanation:
When refineries shut down,the supply of oil would reduce. This would lead to a shift of the supply curve to the left.
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Answer: An entrepreneur
Explanation: An entrepreneur is an individual who takes the risk of opening a new business from nothing. An entrepreneur takes the risk to nurture a business from it's early days upto when the business fully takes shape.
Angelina is a typical example of an entrepreneur taking the risk of leaving her paid job to open a business from scratch, bearing all the risks involved in setting up a business.
Answer:
The correct answer is B.
Explanation:
Giving the following information:
Unitary cost:
Variable Costs= $50
Fixed Costs= $25
A special order for 1,000 units has been received from a foreign company. The unit price requested is $55.
If the order is accepted, unit variable costs will increase by $2 for additional freight costs.
Because it is a special offer, we will not take into account the fixed costs.
Unitary cost= 50 + 2= $52
Effect on income= 1,000*(55 - 52)= $3,000 increase
<u>Explicit</u> costs are the monetary payments made for market-supplied inputs while <u>implicit</u> costs are non-monetary opportunity costs.
Market, a means by using which the alternate of goods and offerings takes location as a result of shoppers and dealers being in touch with one another, both without delay or through mediating dealers or establishments.
A market is an area in which consumers and sellers can meet to facilitate the alternate or transaction of goods and offerings. Markets can be physical like a retail outlet, or digital like an e-store. Different examples encompass illegal markets, auction markets, and financial markets.
The definition of a market is an area in which you go to buy matters or a call for a specific item. An example of a marketplace is a grocery save or a farmer's marketplace where stands are set up and fruits and vegetables are sold.
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The Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day: FALSE
<h3>
Who is labor?</h3>
- In the economy, labor refers to both the number of employed people and the work they do to produce goods and services.
- Numerous categories can be used to classify labor.
- The first is according to skill level; the lowest level is manual labor that doesn't call for special training.
<h3>What is the Fair Labor Standards Act?</h3>
- A minimum wage and "time-and-a-half" overtime pay are rights established by the Fair Labor Standards Act of 1938, which is codified at 29 U.S.C. 203.
- These rights apply to everyone working more than forty hours per week.
- Additionally, it forbids using children for "oppressive child labor."
Therefore, the Fair Labor Standards Act requires the payment of overtime to regular workers who work more than eight hours in a day is FALSE.
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