Well depression and deflation and recession are when prices go down. So it is not them. Inflation is when the price raises because of supply and demand. So the correct answer is Inflation.
Answer:
The correct answer is letter "D": As juice and soda cost the same, Ana buys the drink that she expects will yield her the greatest benefit.
Explanation:
Consumer equilibrium refers to the point where consumer gains maximum satisfaction from consuming a determined number of goods or services which makes the consumer reluctant to change his or her consumption pattern. For this to be possible, the products consumed by individuals must provide a higher yield than the forgone products. Usually, there no other factors influencing consumers' decisions implying the price levels of those products are the same.
Answer:
$12
Explanation:
Overhead per machine hour = Overhead ÷ 160,000 machine hours
= $80,000 ÷ 160,000
= $0.5
Cost of each unit:
= Direct material + Direct labor + Overhead
= $5 + $5 + (machine hours per unit × Overhead per machine hour)
= $5 + $5 + (4 × $0.5)
= $5 + $5 + $2
= $12
Therefore, the cost of each unit produced is $12.
Answer:
false
Explanation:
The Coase theorem states that parties in dispute should seek an optimal solution to their problem regardless of how property rights were initially distributed.
In this case, you need to find an agreement that satisfies both Darnell and Jacques regardless of who initially would have been considered to be right about the argument. Conflicts over rights to use property can be solved when parties settle on the efficient use of inputs. E.g. they could establish hours at which Darnell can listen to rock n' roll, and other hours when he shouldn't. That way both of them can enjoy the music they like and not bother the neighbors.
An optimal solution can always be reached regardless of initial distribution of rights.
