1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
ipn [44]
3 years ago
12

The requirement that certain professionals possess a license in order to work in a particular market has the effect of reducing

the supply of those services, which in turn causes _________.
O price and the profits of firms in the market to increase.
O price to decrease and the profits of firms in the market to increase.
O price to increase and the profits of firms in the market to decrease.
O price and the profits of firms in the market to decrease.
Business
1 answer:
Nimfa-mama [501]3 years ago
8 0

Answer:

C

Explanation:

The correct option is  C :price to increase and the profits of firms in the market to decrease

This can be explained by the fact that, since it always been mandatory to possess a license in order to work in a particular market. This certainly  reduces the competition in the market and thus, the prices would increase; therefore, as the firms have to pay for licence thus would reduce the profits of firm.

You might be interested in
What do goods like gasoline, tobacco, and alcohol typically share in common?
SashulF [63]
The answer would have to be a
7 0
3 years ago
Read 2 more answers
On May 26, 2015, Jamal purchased machinery for $30,000 to be used in his business. He did not elect to expense the equipment und
Kruka [31]

Answer:

$1340

Explanation:

= 30,000 * 8.93% * 1/2

= 2679 * 1/2

= 1339.5

= $1340

3 0
3 years ago
Which of the following is likely to occur as the result of the law of diminishing marginal​ utility? A. ​Petra's utility from he
Rus_ich [418]

Answer:

The correct answer is option C.

Explanation:

The law of diminishing marginal utility means that keeping other things at constant the marginal utility derived from the consumption of a commodity goes on declining with each additional unit of the commodity.

So, the marginal utility from the first unit will be highest, that from second unit will be lesser, that from third even lower and so on.

In the examples given above, Wesly's case is most applicable to this.

So, option C is the correct answer.

4 0
3 years ago
When mu manufacturing co. exports their technological know-how in exchange for a fee, they are entering foreign markets through
Anna007 [38]
The appropriate response is the turnkey project. One of the unique methods of completing universal business is a turnkey project. It is an agreement under which firm consents to complete configuration, build and prepare a business office and turn the venture over to the buyer when it is prepared for operation for a compensation.
5 0
3 years ago
Which of the following is a guideline for designing forms and reports? Group of answer choices Design a complex navigation syste
lana [24]

Answer:

b. Balance the layout

Explanation:

The guideline for designing forms and reports involve using meaningful titles, including meaningful information, balancing the layout, designing an easy navigation system.

a. Design a complex navigation system False

The goal of designing forms and reports should include an easy navigation system not a complex one.

b. Balance the layout. True

Balancing the layout is a guideline for designing forms and reports which involves clearly labeling all data and entry fields.

c. Include as much additional information as possible to be comprehensive. False

This is not necessary especially if the additional information is not even meaningful. Only needed information should be displayed.

d. Use abbreviations in titles False

The use of meaningful titles is recommended.

e. Limit the forms or reports to 1000 rows False

This is false. It is recommended to use meaningful labels, formatting columns, rows, and text, and formatting numeric, textual, and alphanumeric data instead.

6 0
3 years ago
Other questions:
  • At a recent St Louis town hall meeting, citizens expressed concern regarding the impact of a proposed new riverboat casino. The
    14·1 answer
  • Question help mantua motors is evaluating a capital investment opportunity. this project would require an initial investment ofâ
    7·1 answer
  • Fuhremann Co. is a full-service manufacturer of surveillance equipment. Customers can purchase any combination of equipment, ins
    13·1 answer
  • Use the concepts of gross investment and net investment to distinguish between an economy that has a rising stock of capital and
    15·1 answer
  • To ________, a marketer would most likely ask target audience members whether they remember the message, how many times they saw
    8·1 answer
  • Maisley Company decided to analyze certain costs for June of the current year. Units started into production equaled 28,000 and
    6·1 answer
  • If you are a jury member, which of these are topics you might discuss with the other jurors during trial? (Select all that
    8·1 answer
  • Most spells of unemployment are long, and most unemployment observed at any given time is long-term. a. True b. False
    14·1 answer
  • Progressivism dbq where will you put your million dollars answers
    10·1 answer
  • Melanie's country has recently gone through a change in governance. The new government has enacted policies to reduce barriers t
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!