Inadequate competition can lead to market failure. The correct answer is B, market failure.
I just bought shelves and I use it to store all my nail supplies
Answer:
single-product demand curve assumes constant money income such that a lower price causes a substitution of the now relatively cheaper product for those whose prices have not changed.
Explanation:
When the aggregate demand curve i.e. downward sloping would be different to the demand curve for the single product i.e. also downward sloping is due to as the single product demand curve would assume that the income would be constant in such a way the less price would lead a substitution that the product is not expensive at all
So the above would be the reason
Answer:
b. $140000.
Explanation:
We know that
cost of finished goods in stock= (total production cost ÷ number of units produced)×number of units unsold
= [(170000+230000+160000)/8000]*(8000-6000)
= $140000
Option b) is the correct answer
Answer: False
Explanation: The marginal social benefit curve defines the benefits society get from the production of an additional unit. It occurs when consumers are the only group deriving benefit from a product and the steepness of the curve shows the increasing or decreasing benefits derived; describes the net social value of any product, activity or service. When the curve is relatively steep but there exists uncertainty about the marginal social benefit curve, a dead weight loss is created which is the same for price and quantity instruments.
