Price ceilings are the limit of the prices to go high above the given ceiling while the price floor limit the prices to go below the given amount. The two restrict the free exchange of prices by putting a range of prices allowable only for a certain product. The prices are already limited between the price floor and the price ceiling.
Answer:
Grid analysis is a brilliant chance to consolidate conceptualizing to consider the significance of different variables that affect a determination choice. The choice of another provider can be a laborious procedure, and the significance of the choice is inarguable.
Explanation:
Answer:
$4620
Explanation:
Activity method based on hours worked = (hours worked that year / total hours of the machine) x (Cost of asset - Salvage value)
33,000 / 2000,000) x ($35,000 - $7000) = $4620
Answer:
The idea of the margin is related to making decisions while thinking about the benefits and costs of small changes in behavior.
Explanation:
Economic theory suggests that economic agents (firms, consumers and government) think on the sidelines. This means that decisions are made taking into consideration the benefits and costs of each choice. For example, for a firm to increase a unit of production (marginal unit) it will calculate the cost of production of that unit (marginal cost) and the profit that additional unit will generate (marginal benefit).
Answer:
C
Explanation:
Fewer Movie goers will pay a hier price
