Slow down and let the other driver safely return to the drive lane. Passing areas are based on how far ahead drivers can see. Allow the passing vehicle to re-enter the drive lane as easily as possible to help everyone avoid potential upcoming hazards.
Answer:
A price ceiling prevents a price from rising above a certain level. Hence, the name price "ceiling". If the price is set below the equilibrium price what results is the quantity demanded will exceed the quantity supplied. Two things will be achieved either the excess in "demand" and "shortages" will ensue. Whereas, the price floor prevents the price from plummeting below a certain level or threshold.
Explanation:
Price Ceiling and Price Floors prevent the price from going either up or down.
*Please note that this not a legal or "law" related question. This is an Economics Social Science one.
LIFO stands for Last in First out, essentially stating that the most recent products produced or purchased are the first to be sold or expensed. So lets list the quantity, dates, and prices in an ordered fashion.
June 1: 150 units $825
June 10: 200 units $1,120
June 15: 200 units $1,140
June 28: 150 units $885
Total: $3,970
What we know from the question is that only 200 units arrived. This plus the fact that we know we must use the LIFO method means that only the first 200 units arrived. So we get rid of every other unit cost in order to find ending inventory. So, lets find what's left.
150 units from June 1st: $825
50 units from June 10th: $1,120 / 200 = $5.6 per unit * 50 units = $280
$825 + $280 = $1,105
This means that the answer is going to be A - $1,105.
I hope I've helped! :)
