Answer:
economic and legal
Explanation:
In the given situation, the economic and legal would be impacted by the change as the economic environment is impacted since the people would not be working that results they would be less contributed to the economy due to this it would develop a more burden in social security benefits that strict the laws so it would be lead to the legal environment
Therefore the above represent the answer
Answer:
The correct answer is C
Explanation:
Market failure is the situation of economic which is described as the inefficient distribution of the goods and services in the free market. Under this the incentives of the individual for rational behavior does not lead to the rational outcomes for the group of people.
The market failure occurs because of negative as well as positive externalities, lack of public goods, abuse of the monopoly power, environmental concerns, under provision of merit goods and over provision of demerit goods.
So, from the above options, the cause of the market failure involve the market power and the externalities.
Answer:
they are known as shareholders
Answer:
Fixed cost is the one which remains fixed and doesn't changes within a range of level of activity changes which includes Factory property taxes (doesn't changes with furniture manufacturing), accounting staff salaries (doesn't changes with furniture manufacturing), sales office rent (doesn't changes with furniture manufacturing), Sales manager salary and Depreciation on factory equipment.
On the other hand, the variable cost changes with the change in the level of activity and this includes fabric for seats (greater usage for greater amount of seats), assembly labor and sales commissions paid.
Period cost is the cost that is associated with the passage of time and increases with the passage of time and is not dependent on level of activity.
This includes Factory property taxes, accounting staff salaries, sales office rent, Sales manager salary and Depreciation on factory equipment.
Product cost is the cost that is associated with costs that are directly linked with manufacturing of the product. This includes all the variable overheads, specific fixed cost and variable costs. The examples include Fabric for seats and Assembly labor.
non slip shoes and also correct uniforms and some emergency CPR equipment or first aid equipment
