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mote1985 [20]
3 years ago
3

Whenever there is a shortage at a particular price, the quantity sold at that price will equal: Group of answer choices

Business
1 answer:
xeze [42]3 years ago
6 0

Answer:

The quantity supplied at that price

Explanation:

Please find the options to this question in the attached image

A shortage occurs when quantity demanded exceeds quantity supplied

When there is a shortage, price is below equilibrium price

When there is a shortage, all the quantity supplied would be sold at that price because quantity demanded exceeds supply

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As a server you earn $30000 per year, including tips. Someone offers you a new job as an economic consultant, which pays $100,00
Murljashka [212]

Answer:

(B) If the explicit cost for the consulting job is $25,000 per year, your economic profit is equal to $45000.

Explanation:

Economic profit is obtained by substracting explicit (monetary) costs, and implicit (opportunity) costs, from total earnings.

In this case, the earnings for working as an economic consultant are $100,000. The implicit, opportunity cost is the $30,000 that are given up because of quitting the serving job. If the explicit cost of renting an office, purchasing supplies and buying a computer is $25,000, then, we have the following equation:

Economic profit = earnings - explicit costs - implicit costs

                          = $100,000 - $25,000 - $30,000

                          = $45,000

8 0
4 years ago
Chapter 7 of the Bankruptcy Act is designed to do which of the following? a. Establish the rules of reorganization for firms wit
madam [21]

Answer: c. Provide safeguards against the withdrawal of assets by the owners of the bankrupt firm and allow insolvent debtors to discharge all of their obligations and to start over unhampered by a burden of prior debt.

Explanation:

When a person or entity files for Chapter 7 Bankruptcy, a trustee is appointed that will sell off the assets of the entity to enable repayment of debt to the creditors. As such, the entity will not be allowed to touch the assets thereby providing safeguards against their withdrawals by same.

After all assets are sold, any remaining debt is forgiven so that the debtor owes no more debt. This will then given them a chance to start over without having to worry about the previous debts they accumulated.

3 0
3 years ago
12. Which one of the following words is a verb?
Mekhanik [1.2K]
Manufacture is a verb. However is an adverb, cruel is an adjective, and maintenance is a noun
4 0
3 years ago
A suggested approach to deleting products, in which each product is evaluated periodically to determine its impact on the overal
Step2247 [10]
Answer:  "systematic review" .
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7 0
4 years ago
Plz answer this not trying to be rude plz
Mekhanik [1.2K]

Answer:

Can you pls tell the question by writing because it shows pdf and then I the question does not shows.

Pls write answers on comments then I think I can help

7 0
3 years ago
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