Answer:
lower prices for consumers and higher prices for producers
Explanation:
the options to this question wasn't provided . Here are the options:
higher prices for consumers and producers lower prices for consumers and producers higher prices for consumers and lower prices for producers
lower prices for consumers and higher prices for producers
A subsidy is when the government pays an individual or a firm directly or indirectly. It could be in the form of direct cash payment, tax breaks or grants. Subsidies are usually given to encourage the production of goods and services.
Subsidy on agricultural goods reduces the price paid for agricultural goods and increases supply of goods. It would increase the price earned by producers.
I hope my answer helps you
Answer:
The correct answer is false.
Explanation:
A firm incurs both variable cost and fixed cost in the short run. If the firm is able to cover the variable cost in the short run it will continue operating. However, if it is not able to cover its variable cost it will stop operating.
So, if the demand falls such that total revenue is not able to cover total cost but the variable cost is being covered, the firm will not stop production.
In the long run, all the costs are variable. So when the revenue is not able to cover cost, the firms will stop operating.
Answer:
Explanation:
X1 X2 Z
0 0 0
16 0 4,000
0 10 3,500
8 6 4,100
check the picture attached for more explanation
