The United States government was correct in interfering with the growth of Standard Oil. Not only was the company taking advantage of existing situations, but eventually it would have controlled the oil market entirely. If Standard Oil was able to gain control of the market for a long period of time, consumers could have had to pay extremely high prices for the oil that they needed, limiting their purchase of other goods. Or Sample response: The United States government should not have interfered with the growth of Standard Oil. Because the company had managed to reduce production costs, it was able to offer very low prices to consumers. This benefited many Americans. Without the company's production benefits, citizens were not able to take advantage of this infrastructure.
Goods are things people want
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Answer:
Antonio's Big Burger faces<em><u> DECREASING </u></em>marginal returns to labor. Over the range of workers for which the marginal product of labor is decreasing, Antonio's Big Burger faces <u> INCREASING </u> marginal cost.
Missing information:
Labor Outpt Total Cost
0 0 80
1 40 200
2 100 320
3 140 440
4 160 560
5 175 680
Return on labor (icnrease in output as workers are added:
We subtract previous outcome at labor - 1 with curernt labor
0
40
60
40
20
15
Marginal Cost
(Wew divide the additional outcome by the difference cost per employee)
3
2
3
6
8
Explanation:
Answer:
Explanation:
Authorized shares are the number of shares that a corporation is legally allowed to issue, while outstanding shares have already been issued. Thus, the number of outstanding shares is always equal to or less than the number of authorized shares.
Answer
1, 2018. Accounts payable Br. 23,100 Land Br. 90,000 Accounts receivables 52,000 Notes payable 100,900 Building 54,800
Explanation: