Answer:
correct option is e
first blank contains labor, second blank contain capital and land
Explanation:
The production feature describes the relationship among production inputs and outputs. Assume at least one fixed output-input variable in the short-run output function. Therefore, labor is the variable source in the short-run production model, and remaining of the factor inputs are fixed inputs.
In the statement provided, a restaurant's manufacturing role is a process involves labor (including waiters, cooks, a manager), capital (including table, chairs, counters, and building) and property. If the restaurant owner wants to maximize brief-run production, then he has to use labor as a flexible source, and capital and land as set inputs.
therefore, first blank contains labor, second blank contain capital and land
<span>Federal Trade Commission were formed for those very purpose.
</span><span>Federal Trade Commission is an independent agency that established in united states. The purpose of this organization is to ensure customer protection from dishonest practices and eliminate various illegal business strategies to create a fairer competitive environment.</span>
Answer:
The price level will increase 20%. The right answer is B.
Explanation:
In order to calculate how much will the price level increase, we require to calculate according to the data we have the new price level.
Hence, New price level = 6 + [ (1 - 4 / 10) * 2 ]
= 6 + [ (1 - 0.40) * 2 ]
= 6 + (0.60 * 2)
= 6 + 1.20
= $ 7.20
Therefore, the Increase in price level = (7.20 - 6) / 6
= 1.20 / 6
= 0.20=20 %
The price level will increase 20%.
Answer:
Correct option is D.
Explanation:
$2, and the dead weight loss comes only from Luke because he does not buy gelato after the tax.